Bank Accountant Job Description

Bank Accountant Job Description

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Bank accountant provides interpretation of financial data, account analysis, and solutions to problems and recommends changes to accounting procedures utilizing knowledge of accounting principles and practices.

Bank Accountant Duties & Responsibilities

To write an effective bank accountant job description, begin by listing detailed duties, responsibilities and expectations. We have included bank accountant job description templates that you can modify and use.

Sample responsibilities for this position include:

Researches issues regarding application of generally accepted accounting principles (GAAP) to preparing financial statements and completing regulatory reporting
Financial reporting, preparation and analysis of consolidated accounts
Assist in the review of simple reorganization documents and new deal structures to ensure the accounting is accurate
Uses general ledger accounting software to prepare monthly financial statements and reports
Prepares quarterly disclosures for SEC reporting
Prepares quarterly Call report and other OCC and Fed regulatory reporting
Documents accounting policies based on research of GAAP
Record and maintain clear and accurate customer payment and refund record and reconcile between bank statement, accounting system and Order platform
Development and compliance of accounting procedures, systems and practices
Prepare and review the monthly broker receivable and payable schedules for unsettled trades

Bank Accountant Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Bank Accountant

List any licenses or certifications required by the position: CPA

Education for Bank Accountant

Typically a job would require a certain level of education.

Employers hiring for the bank accountant job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Accounting, Finance, Business/Administration, Economics, Education, Business, Finance/Accounting, Associates, MBA, Accountancy

Skills for Bank Accountant

Desired skills for bank accountant include:

Accounting
Analysis
Generally Accepted Accounting Principles and other regulations
Reporting
Cash flow
Computer software most commonly used in the Accounting field
Economic and accounting principles and practices
Financial markets
Industry and the analysis and reporting of financial data
Solid understanding of accounting

Desired experience for bank accountant includes:

Relocation, certifications, travel requirements, immigration, and background checks, ]
Review monthly interest accruals for accuracy and completeness
Review Bank Debt trade closing files, including their setup in Advent Geneva
Provide assistance to the Bank Debt Operations team with complex closings and the setup and booking in Geneva
Prepare a comprehensive corporate action package, direct and assist the Bank Debt Operations team in the booking of corporate actions in Geneva
Review distributions and PIK calculations

Bank Accountant Examples

1

Bank Accountant Job Description

Job Description Example
Our company is looking for a bank accountant. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for bank accountant
  • Performs Investor Accounting and Reporting for loans sold on the secondary market
  • Analyzes institution loan and share charge offs and recoveries for monthly reporting, working with Finance to recommend procedures for accurate reporting and process refinement
  • Performs investment accounting entries and prepare monthly and quarterly investment portfolios and schedules
  • Confirms financial reporting accuracy by monitoring revenues, expenses and budgets at the subsidiary level, analyzing variances, validating consolidation of financial data, and monitoring balance sheet accounts
  • Prepare and review price variance report
  • Perform testing of Geneva upgrades and patches to the system
  • Provide support for annual audits and compliance reviews
  • Reconciles general ledger accounts, prepares analyses and completes other monthly general ledger closing procedures, including consolidation
  • Perform the Global Credit-to-Cash Center part of activities according to the standard business process for Credit-to-Cash, Banking (Treasury)
  • Reconcile all corporate checking accounts, prepare reconciliation and necessary entries
Qualifications for bank accountant
  • Ensure the highest standards of customer service are maintained and that both internal & external customer requirements are addressed to the highest standards and within agreed timelines
  • Participate in projects and initiatives to optimise processes and deliver efficiencies within own team
  • Qualified accountant or relative experience in a similar role (Interest rate and FX environment)
  • An aptitude and willingness to learn other IT processes
  • Prepare & review estimated and confirmed distribution rates for publication and announcement to the markets
  • Work with the tax team to prepare corporation tax and income tax computations for insertion in the accounts and submission to Inland Revenue
2

Bank Accountant Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of bank accountant. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for bank accountant
  • Performs special projects as assigned, including GAAP and RAP research, analysis, and implementation into all Accounting Department processes
  • Performs investment accounting entries and prepare monthly and quarterly investment portfolios and schedules.Monitors cash balances for purchase and P&I settlements
  • Identifies process improvement opportunities and represent the Accounting Department in process improvement committees as needed
  • Work with other members of the accounting team and other teams within the company in order to clear reconciling items in an efficient and effective manner
  • Reconcile each store level bank account (approx
  • Assist with the quarterly and annual audits, internal and external
  • Assist with finding depository locations for new boutiques and establishing opening funds
  • Maintain current documents with each institution and meeting with bank representatives annually
  • Assist with Treasury projects as needed
  • Record and maintain clear and accurate month end closing by following the Group closing calendar
Qualifications for bank accountant
  • Preparation and review of reconciliations of expenses, interest, dividends and withholding tax
  • Prepare and review monthly reconciliation packs with supporting schedules
  • Proof read up to final stage of the accounts for arithmetical and type setting accuracy and consistency
  • Preparation and review of monthly Trustee reconciliations and updating monthly trustee discrepancy letters
  • Liaise with clients and external auditors as required
  • Preparing financial statements and management reports
3

Bank Accountant Job Description

Job Description Example
Our company is growing rapidly and is looking for a bank accountant. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for bank accountant
  • Develop and maintain good control of Bank Account Opening, closing, signature set up to make sure China Bank Account related issues are fully complied with Group Policies and SOX control
  • Develop and continue improve the various payment solution on line & offline ensure we give stable and trust worth payment solution to APAC markets
  • Assist managers manage the newly established company’s cash management, treasury services, while meeting all statutory requirements
  • Other Ad Hoc assigned
  • Month end, assisting the Financial Controller with month-end close process
  • Liaising with offshore teams, middle office and operations
  • Ad hoc process improvement and system upgrade projects
  • Daily recurring
  • Clearing of outgoing payments with accounts payable postings
  • Active solving/investigating of unreconciled items
Qualifications for bank accountant
  • Big 4 CA Qualified, preferably with Post-Qualified experience
  • Knowledge of regulatory requirements, APRA, IFRS
  • Banking / Financial Services exposure
  • 3+ Years Accountant Experience
  • Work experience in a Financial Accountant role within Financial Services
  • Knowledge of local regulatory requirements IFRS and US GAAP
4

Bank Accountant Job Description

Job Description Example
Our growing company is looking for a bank accountant. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for bank accountant
  • Ensuring thorough and complete analysis of accounts, including verification to source documents as needed
  • Responsible for the preparation of the majority of the quarterly regulatory report 5300 and coordinate the departmental work regarding the supporting schedules for the report
  • Interact with the internal audit department, external auditors and state and federal regulators
  • Work with other members of the management team on special projects and initiatives
  • Assists with the month-end closing process and prepares monthly and quarterly financial statements and regulatory reports as required by management and regulatory agencies in accordance with GAAP and RAP
  • Prepares subsidiary financial statements and consolidation entries in a timely and accurate manner, in accordance with GAAP
  • Performs general ledger system file maintenance
  • Assists independent auditors, examiners and internal audit staff during audits and reviews, as requested by senior management
  • Identifies, evaluates, and develops resolutions for reconciling items within the banking system (may include journal entry compilation consultation with other departments)
  • Prepares assigned bank reconciliations on a monthly basis and daily basis as it becomes necessary
Qualifications for bank accountant
  • Min 2 years in the Accounting department (of an industrial company is a plus)
  • Strong accounting background and accuracy MS-Office, SAP & Hyperion experience
  • Advanced English, fluent Slovak language
  • Strong GAAP Accounting experience in commercial banks
  • Knowledge of financial analysis, budgets, balance sheets, income statements and GL's
  • Ability to balance financial information
5

Bank Accountant Job Description

Job Description Example
Our company is growing rapidly and is looking for a bank accountant. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for bank accountant
  • Direct workflow for bank reconciliation and accounting proof process
  • Prepare financial and operating statements for managerial review in accordance with established accounting policies and practices
  • Assist management in the assurance that adequate records are maintained of all assets, liabilities, and transactions according to generally accepted accounting principles
  • Support maintenance of Prologue System Product Suite including reporting and hierarchy structure
  • Prepares and posts standard, recurring, nonrecurring monthly journal entries
  • Prepares adhoc analyses as considered necessary in a timely manner
  • Assists in documentation and monitoring of internal controls
  • Recommends and implements process improvements in areas of responsibility
  • Be able to demonstrate proven experience in a similar role within a Finance department or environment
  • Have the ability to work unsupervised and deliver high quality work to tight deadlines
Qualifications for bank accountant
  • Good organizational, problem resolution and time-management skills
  • Good client relationship and communication skills
  • Ability to be a team player and work in a group atmosphere
  • Excel at least basic knowledge
  • SAP knowledge - not condition
  • 1-3 years of equivalent work experience in Finance and Accountancy area

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