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General Accounting Manager
Bank of Hawaii Corporation
Oahu, HI, United States
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Description
Does this sound like you?
Are you ambitious? Want to make a difference in people’s lives? Do you thrive in an environment that leverages your abilities as a fast learner, good listener, and problem-solver? If you love challenges, relish complexity, and have moxie, consider applying your unique talents with a Hawaii banking leader – Bank of Hawaii. Here you can be at the forefront of whatever you do. Welcome to your tomorrow!
A day in your life as a General Accounting Manager:
Under the direction of the Finance and Accounting Operations Manager, the General Accounting Manager is responsible for managing the employees of and overseeing the functions of the Accounting Department, including the activities encompassing operations, general ledger reconcilement, balancing, facilities finance, and fixed assets. This position is also responsible for maintaining the reconciliation and balancing application and expanding the accounts reconciled and balanced on the system throughout the Bank. Ensures business unit’s compliance with applicable laws, regulations, regulatory requirements and Bank policies and procedures, including but not limited to those related to Fair Banking, Anti-Money Laundering laws and regulations, Bank Secrecy Act and USA PATRIOT Act.
We’ll give you these important responsibilities…
• Oversees and manages the operation and maintenance of the reconciliation and balancing system, including system upgrades. Oversees the implementation of other account reconciliations currently prepared manually to the reconciliation and balancing system as well as improving functionality and end user experience with the tool. Meets with business units to understand the data sources and interfacing required to automate the preparation reconciliations and balancing using the system. Works with business units to automate the workflow process to notify, clear and monitor exception items. Utilizes the system reports to monitor the timely completion of reconciliations and balancing, reviews system generated balancing reports, monitors aged reconciling, out of balance items for timely clearing, and reports the monthly results and observations of the higher risk accounts to senior management. Prepares recommendations to senior management to address risks identified or efficiencies that can be gained.
• Responsible for the management of all employees in the team including staffing and scheduling, compensation, performance management, training and development. Goal is to attract, retain and motivate the team to achieve management business objectives and maintain a favorable employee relations climate. Responsible for the timely and effective management of forms and documents relevant to immediate staff.
• Performs the following in support of Fixed Assets:
◦ Manages all associated accounting processes, accruals and reporting related to fixed assets and depreciation.
◦ Monitors capital initiatives across the organization, tracking progress of relevant projects, along with their project proposal worksheets and purchase orders to ensure timely capitalization and appropriate depreciable lives.
◦ Communicates with groups across the organization to stay informed of property closures, sales, renovations and other disposals to ensure proper handling of fixed assets (retirement, donation, transfer, sale, etc.).
◦ Works with corporate tax manager and tax staff to ensure proper capitalized asset treatment for tax purposes.
• Performs the following in support of Corporate Real Estate & Facilities:
◦ Manages all accounting processes, accruals and reporting within the division.
◦ Serves as the financial information resource with regards to finance concepts and applications.
◦ Supports the business unit in development of key business metrics and analyzes financial performance against these metrics.
◦ Documents pertinent financial highlights, enabling management to assess and report on performance.
• Provides guidance and oversight in the implementation, upgrade, ongoing maintenance and best practices of business unit technology solutions with regards to financial tracking and reporting. Educates staff on systems and processes. Provides cross training with other team members to maintain effective back up. Supports the Bank’s initiatives with system and process integration and updates. Serve as a resource in project teams to ensure accounting methodology is in accordance with applicable GAAP. Evaluates processes for unusual or unnecessary exposure to risks or susceptibility to loss.
• Reviews daily uploads, tickets, and reconciliations performed by Accounting Department staff. Monitors controls to ensure that the bank accounts, clearing and suspense accounts, and general ledger accounts are reconciled properly and on a timely basis. Makes recommendations/decisions relative to adjustments and charge-offs. Oversees the reporting of Operating losses and Suspense items.
• Keeps abreast of changes in accounting principles, regulations, and laws. Assists in the implementation of new accounting pronouncements, regulations, and laws for the Bank.
Qualifications
…if you come to us with these qualifications…
Education:
• Bachelor’s degree in accounting, finance, or related area or equivalent work experience.
• CPA certification preferred.
Experience:
• Minimum 8 years of experience in accounting, financial, and/or internal auditing in jobs of increasing responsibility.
• Minimum 3 - 5 years of work experience leading a project team, supervising and/or managing employees with budget responsibility.
• Must demonstrate a strong understanding of bank accounting and financial reporting, SEC rules and regulations.
• Project management experience and experience with automated reconciliation systems and system implementation preferred.
Technical Skills:
• Demonstrated proficiency and expertise with personal computers and Microsoft applications (Outlook, Word, Excel, Access and Power Point) or similar software.
• Knowledge of or ability to use Bank software and systems.
Other Job Qualifications:
• Requires strong written and oral communication skills, including presentations skill necessary to conduct formal meetings and presentations.
• Must have excellent project management skills and the ability to prioritize work on multiple projects with changing deadlines and requirements.
• Requires problem solving skills and the ability to develop effective solutions that consider efficiency, internal controls, and impact to financial results.
• Requires a strong working knowledge of GAAP, internal controls, as well as a firm understanding of general ledger processing, and other relevant matters.
• Must be capable of identifying accounting issues and internal control weaknesses and their potential impact to the Bank's financial statements.
• Must possess and exercise sound judgment.
• Able to work flexible hours including holidays, weekends and evenings as needed.