Accounting Specialist II

Job Description

Ready to make a difference? At Salem Co-operative Bank, we pride ourselves on offering a work environment where customer service and success are consistently placed front and center. Founded in 1922, we’ve grown in size, expanded our products and services, and learned to improve from 100 years of experience. Every customer is treated as a unique individual, knowing that not all customers’ needs are the same. Our commitment to our community is evident in our philanthropic foundation, Salem Community Benefit, which has contributed over $1.6 million to local organizations. Each year our employees spend many hours volunteering at local organizations in the Salem and Merrimack Valley areas. If you are ready to make a difference professionally, personally, and in the community, we want to meet you!

We are looking for an Accounting Specialist II to compile, maintain and coordinate the accounts payable system and records. You will post general ledger entries and run daily finance related reports, perform assigned correspondent bank and general ledger account reconciliations, and assist with processing wire transfers for the Finance department.

How You Will Accomplish This

• Compile all invoices, obtain appropriate signatures/authorizations, assign general ledger expense accounts, process payments, and maintain accounts payable records including IRS Form W-9 and Vendor 1099 year end reporting
• Maintain outstanding accounts payable check register
• Record and post general ledger entries daily. Run daily finance related reports.
• Perform assigned correspondent bank and general ledger account reconciliations. Work with other Bank departments to identify and resolve reconciling items.
• Balance the backup withholding general ledger account; resolve any discrepancies and remit backup withholding twice a week per IRS requirements
• Coordinate funding for domestic and international outgoing wire transfers. Assist with the processing and verification of wires for the Finance department. Maintain wire transfer reports from Federal Reserve Bank.
• Assume additional responsibilities as needed
  
  

What you will bring to the role:

• Associate degree and 3-5 years of accounts payable, accounting, and/or related banking experience; or equivalent combination of education and experience
• Basic understanding of accounting practices
• General knowledge of banking regulations and compliance preferred
• General ledger experience
• Excellent computer skills including Word and Excel
• Ability to be accurate, detail-oriented, proactive
• Strong problem-solving skills; able to weigh alternatives and suggest solutions
• Good communication skills; able to effectively communicate with and respond to questions from vendors and other departments within the Bank
• Experience with Prologue Financials a plus
  
  

Salem Co-operative Bank is an Affirmative Action/Equal Opportunity Employer.

Applicants are considered for all positions without regard to race, color, religion, gender, pregnancy, marital status, familial status, national origin or ancestry, age, disability, veteran status, military service, sexual orientation, genetic information, gender identity or other characteristics protected by applicable law.

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