What are the responsibilities and job description for the Finance and Accounting Officer position at Union Bank and Trust?
Union Bank & Trust Company – Job Description
Finance and Accounting Officer
Level: Bank Officer
Reports to: CFO/COO
Classification: Exempt
Revised: January 2025
Objectives of this Role:
• Collaborate on the maintenance of all accounting activities and reconciliations
• Assist with month-end financials for both Bank and Trust
• Manage the Accounts Payable system
• Supply regulators and external/internal auditors with necessary financial documents to perform examinations and audits
• Work in collaboration with the CFO on the movement of funds and cash flow management with respect to bank liquidity
• Provide support to operational and other staff as needed
Responsibilities – Daily, Monthly, Quarterly, or Annually
• Create month-end reports for Leadership including, but not limited to, Trust fees and Bank/Trust allocations of income and expenses
• Manage fixed asset depreciation, lease requirements, prepaids and income tax preparation in collaboration with outside tax professionals
• Prepare quarterly bank Call Report 051
• Review and update financial and capital policies annually
• Ensure all invoices are approved within the Accounts Payable system and that funds are allocated to the appropriate general ledger
• Assist in the processing of payroll and compensation based on branch allocation percentages
• Work with CFO on managing the investment portfolio and FASB 115
• Provide enhancements to daily financial operations of bank/trust, including financial trends forecasting, charting and tracking contingency funding and other borrowings
• Generate financial reports and analyze variances to support Leadership decision-making
• Support the annual budgeting process, gathering data and assisting with projections
Skills and Qualifications
• College degree in Accounting, Finance, or related field. CPA or in the process, or equivalent certification preferred
• 3-5 years proven experience in accounting, preferably in the financial services industry
• Proficiency in Excel and other accounting or budgeting software
• Strong analytical abilities, research, resolve, and reconcile with attention to detail
• High aptitude for learning and the ability to maintain continued education requirements
