The Accounting Manager is responsible for accurate and successful completion of all accounting department function and duties, including but not limited to, reconcilement, financial reporting, and internal controls.
Responsible for managing their team and timely and accurate reconcilement of all accounts, journal entry and month-end processes. Collaborates with other departments to ensure timely clearing of outstanding items. Understands all aspects of the reconcilement area, and reports any deficiencies or risk to management. Ensures all processes are performed in an efficient manner and that they comply with Bank and Federal regulations and guidelines.
Principal Duties & Responsibilities:
- Ensures all reconciliations are completed and reviewed timely and accurately, in accordance with policy.
- Acts as a key liaison between the Bank and external auditors, internal auditors, and regulators.
- Maintains reconciliation system, ensuring daily jobs are completed.
- Manages reconciliation system vendor, including contract management, vendor risk annual reviews, and managing service level agreements.
- Ensures compliance with financial and internal controls assigned to them and their team.
- Works closely in the recruitment and selection process, such as conducting and providing feedback from interviews, recruiting within the budget, identifying opportunities for cost savings and ensuring proper departmental specifics for on-boarding.
- Provides timely feedback to employees (check-ins, reports, annual evaluations, coaching, and disciplinary action).
- Development of high potential employees, identifying, providing growth opportunities with training, meeting inclusion, shadowing, etc, in conjunction with the Center for Professional and Organizational Development.
- Ensuring assignment and accomplishment of goals holding employees accountable, measuring results cross training, and eliciting innovation and process improvement.
- Maintaining employee motivation engagement & recognition.
- Inspiring employee commitment and integrity, modeling-cultural values and positive behaviors.
- Managing over-time control in a timely manner, within the requirements of FLSA standards.
- Ensuring, regulatory excellence in all aspects of employee responsibilities by monitoring regulatory expectation specific to each report and holding employees accountable to their specific regulatory responsibilities.
- Ensures productivity levels are maintained through effective monitoring of processes. Motivates, trains, and leads personnel to achieve optimum performance levels.
- Maintains a cohesive, cross-trained, knowledgeable team. Increases their understanding of accounting principles.
- Maintains proper documentation to support reconciliations as needed and to perform any necessary research.
- Ensures separation of duties to mitigate any financial risk to the Bank.
- Maintains current internal policy & procedure for all departments processes.
- Escalates reconciling differences in accordance with established thresholds.
- Identifies workflow inefficiencies and propose solutions to automate manual processes.
- Ensures that all internal policies and procedures are created or updated as changes are implemented.