What are the responsibilities and job description for the Senior Accountant position at SouthWest Bank?
This position will assist the Controller in carrying out the goals and policies of the Accounting Department.
- Assists the Controller in coordinating all accounting functions to ensure accurate and timely reporting of bank, holding company and factoring company's financial statements and month-end closing process.
- Assists the Controller in developing, documenting, and maintaining the internal financial controls consistent with Bank policies and regulatory guidelines.
- Ensures accounting functions are in compliance with Bank policies and requirements of accounting principles (FASB), and applicable federal, state and local regulatory agencies.
- Assists in preparing and/or reviewing various regulatory filings, such as the Call Report.
- Assists in preparing various financial statements and disclosures.
- Report financial status by developing budgets; report results; analyzing trends/variances and developing improvements.
- Reviews and approves various departmental processes, such as accounts payable, fixed assets, securities accounting and prepaids for accuracy and completeness.
- Reviews or prepares various reporting such as local agency, collateral maintenance, and property tax reporting.
- Prepare complex journal entries for various transactions including accruals, prepaid expenses, depreciation, and loan adjustments.
- Ensure accurate coding and proper documentation of all journal entries.
- Maintain and enhance internal controls to mitigate risk and safeguard assets.
- Regularly review and update accounting procedures to ensure compliance with best practices.
- Actively participate in external and internal audit processes, providing necessary documentation and explanations.
- Address audit findings and implement corrective actions where necessary.
Qualifications:
- Bachelor's degree in Accounting or Finance
- Certified Public Accountant (CPA) license
- Minimum of 5 years of progressive accounting experience in a banking or bank audit environment
- Strong understanding of GAAP, banking regulations, and internal controls
- Excellent analytical skills and attention to detail
- Strong communication and interpersonal skills
