Banking Accountant Job Description

Banking Accountant Job Description

195 votes for Banking Accountant
Banking accountant provides finance and accounting oversight and support for multiple sites which are Carrollton, KY; Midland, MI; and Tuscola, IL.

Banking Accountant Duties & Responsibilities

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

Sample responsibilities for this position include:

Oversight of and relevant participation in significant projects impacting Commercial Banking to assure successful implementation of new products, new or changing financial tools/models, processes and/or finance applications
Review the banking records to ensure compliance with company policies and procedures, federal and local laws
Supporting financial reporting initiatives including those focused on entity consolidation & maximizing capacity including, but not limited to, legal entity model/structure and business & booking point model
Preparing/reviewing and providing support for manual account reconciliations where required
Preparing/reviewing recurring month end adjustments
Performing legal entity balance sheet, income flux analysis and trend analysis documenting variances with explanations as required
Executing tasks ask required to comply with SOX key controls
Supporting for miscellaneous tasks as required
Overseeing attestation process for accounts aligned with NY finance
Preparing/reviewing certain FRB and other reporting agency regulatory returns including support for reconciliation to the general ledger, variance analysis and relevant data elements to support same

Banking Accountant Qualifications

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

Licensing or Certifications for Banking Accountant

List any licenses or certifications required by the position: ACCA

Education for Banking Accountant

Typically a job would require a certain level of education.

Employers hiring for the banking 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, Associates, Business, Economics, MBA, Education, Business/Administration, Professional Accounting, Accountancy

Skills for Banking Accountant

Desired skills for banking accountant include:

Oracle Financial
Accounting systems interfaces
Local withholding tax computations and deposit/filing requirements
LuxGaap and IFRS
Programming applicable to current system

Desired experience for banking accountant includes:

Providing support for key finance initiatives and projects
Contributing to overall legal entity oversight through understanding of balance sheet composition and income drivers
Overseeing regulatory and financial internal/external audits
Preparing ad hoc reports/presentations for management/executive as required
Prepare GAAP (FAS No.109), including FIN 48, and Statutory (SSAP #10) income tax provisions and supporting documentation
Reviews new regulatory guidance for applicability to the Commercial business line

Banking Accountant Examples


Banking Accountant Job Description

Job Description Example
Our company is looking to fill the role of banking 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 banking accountant
  • Identify at a detailed level all controls and divisions of duty, and also identify any opportunities for optimisation
  • Working in close collaboration with other members of team, reengineer certain key processes such as Seed investment and redemption, using excel skills
  • Monitor the monthly and weekly progress of the associates
  • Monitor and report on reconciling items from bank reconciliations
  • Aid in the performance of GL reviews
  • Provide Support to the Cash Managers in employee relations and talent management
  • Perform the monthly reconciliation of credit card master accounts
  • Responsible for daily monitoring activity and performing various journal entries, reconciliations and analysis as needed
  • Applies new and updated regulatory guidance as applicable to the Commercial business line
  • Assists with updating documentation related to designated responsibilities or new processes as assigned
Qualifications for banking accountant
  • 1-2 years+ PQE banking or financial services experience
  • Knowledge of capital markets and treasury instruments
  • Experience of the automation of manual processes is an advantage
  • Big 4 Chartered Accountant with Financial Services audit experience
  • May assist with projects or be assigned other duties as needed
  • 2-4 years of previous related accounting experience is required

Banking Accountant Job Description

Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of banking accountant. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for banking accountant
  • Revenue forecasting and variance analysis
  • Monthly business line KPI reporting
  • Building strong relationships with business line and providing ongoing
  • Working on the financial month end close process support
  • Serve as a mentor to less experienced analysts to aid in self and staff development including review of work product to ensure high quality and accurate work product
  • Reviewing complicated Commercial Loan transactions to ensure proper accounting, including forbearance agreements to determine if a Trouble Debt Restructuring
  • Preparing complex journal entries, including allowance reserves, reviewing routine journal entries prepared by others
  • Writing significant transaction memos, as assigned
  • Performing loan impairment analyses on all non-accrual loans
  • Assisting with development of internal controls, policies and procedures and updating documentation related to designated responsibilities
Qualifications for banking accountant
  • IT systems aptitude and ability to learn and understand the detailed underlying accounting transactions of Commercial lending subsystems
  • Bachelor's degree, major in Accounting/Business/Finance, from a college or university preferred
  • Knowledge of People Soft A/P & G/L and ReconNet is desirable
  • Extensive banking experience within a financial services environment
  • Have a significant background of experience in managing a portfolio with a combination of high risk and performing clients
  • Experience of structuring debt for cash flow businesses, sole traders and small to medium enterprises including the use of insolvency processes

Banking Accountant Job Description

Job Description Example
Our company is looking to fill the role of banking accountant. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for banking accountant
  • Plan, organize and maintain the accuracy of financial information recorded and reported
  • Provide financial control oversight relating to valuation processes (Mortgage Servicing Rights, derivatives, allowance for loan losses)
  • Prepare journal entries to accrue revenue and expenses or other items in accordance with GAAP and the accounting policies established by the company
  • Review general ledger coding for cash entries, accounts payable and wire transfers
  • Prepare schedules as needed to analyze general ledger accounts to ensure accurate posting of financial information and propose corrections to general ledger, as necessary
  • Assist with special projects and other related duties as may be assigned
  • Ensure the day-to-day bookkeeping activities for your own portfolio of banking clients
  • Prepare all required financial client reports and statements
  • Prepare consolidated financial information
  • Coordinate indirect and direct tax returns and tax provisions services in collaboration with our international tax department
Qualifications for banking accountant
  • Qualified Accountant (ACCA/CIMA/ACA/CPA)
  • Previous experience and/or knowledge of the banking and/or financial services industry would be considered a plus
  • Knowledge of security process and experience in dealing with solicitors in security remediation and taking of additional security
  • QFA qualifiedand/or committed to further continuous development (if applicable)
  • Prepare project reporting showing actuals vs
  • Coordinate with your team the day-to-day bookkeeping activities for your own portfolio of banking clients

Banking Accountant Job Description

Job Description Example
Our company is growing rapidly and is looking for a banking accountant. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for banking accountant
  • Regulatory supervisor framework (COREP, FINREP)
  • Cultivate effective client relationships and liaise with client’s management, client’s controllers, finance teams and auditors
  • Manage and coach project teams on various assignments
  • Participate to add-hoc projects related to accounting
  • Participate in staff development and evaluation, staffing operational process (recruiting, hiring, and training)
  • Execute month-end close work of bank reconciliations
  • Work with accounts payable to disburse funds and post payments to general ledger
  • Report and record customer cash receipts with completeness and accuracy
  • Maintain cash flash reports and communication with global banking partner JPMorgan and others
  • Ad hoc reporting and miscellaneous accounting assignments
Qualifications for banking accountant
  • Accounting degree from a reputable university
  • Basic corporate banking product knowledge desirable
  • Working knowledge and understanding of generally accepted accounting principles, both in IFRS and US GAAP (an asset) regulatory and tax accounting rules and regulations
  • Performing duties timely and accurately with high growth company system and with new processes/procedures with minimal direction
  • Strong analytical and auditing skills, with the ability to research and reconcile difficult accounts
  • Basic knowledge of all accounting functions and related internal controls

Banking Accountant Job Description

Job Description Example
Our growing company is hiring for a banking accountant. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for banking accountant
  • Assist in the review of accounts payable
  • Prepare and enter daily and monthly general transactions including investment activity and schedules, employee payroll, loan participation, pension and 401(k) entries
  • Analyze, reconcile and review general ledger
  • Prepare summary journal vouchers and verify all other vouchers and cash received have been properly balanced and authorized
  • Review and analyze financial data
  • Examples of reports include monthly financial statements, cash balancing report, daily cash flow report, and share insurance reports
  • Post and reconcile the subsidiary records for the accrued income from investment accounts
  • Post investment interest checks
  • Review daily cash balances
  • Research and adjust all open items, cash imbalances and variances
Qualifications for banking accountant
  • Minimum of five years’ accounting experience in the banking industry
  • Strong attention to deal and ability to multi-task is required
  • Responsible for the preparation of various internal and external reports in conjunction with other team members
  • Assists with the preparation of monthly closing entries within general ledger system for the bank and its subsidiaries
  • Assists with the timely and accurate flow of management and financial information, and prepares analyses of data trends, financial forecasts, communicating this information effectively verbally or in writing
  • Assists with the general ledger ensuring that all processes and procedures are followed, maintained and in compliance with accounting policies and procedures

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