Accounting Manager

PRIMARY PURPOSE OF JOB

This position is responsible for managing the finance and accounting functions for MA Bank by entering, producing and providing information, primarily financial in nature, about all bank activities that will assist the board, management, employees and all stakeholders in making educated economic decisions about the bank’s future.

ESSENTIAL FUNCTIONS AND PERFORMANCE AREAS - Other duties may be assigned

• Oversees the activities of the accounting department assisting with daily operations.
• Oversees the activities of the accounts payable functions to ensure the accurate and timely management of all accounts.
• Assists with the accurate and timely dissemination of financial management reports including, but not limited to, internal and external monthly financial statements as requested by the President/CEO.
• Provides status of financial condition by collecting, interpreting, and reporting financial data.
• Guides financial decisions by establishing, monitoring, and enforcing policies and procedures.
• Protects assets by establishing, monitoring, and enforcing internal controls and keeping financial information and plans confidential.
• Monitors and maintains bank’s overall cash position coordinating balances with federal reserve and corresponding banks. 
• Monitors general ledger accuracy and the accuracy of accounts payable functions.
• Balances internal and correspondent accounts as required.
• Prepares budgets as requested by the President/CEO by establishing schedules; collecting, analyzing, and consolidating financial data; recommending plans.
• Complies with federal, state, and local legal requirements by studying existing and new bank compliance regulations, legislation; anticipating future legislation; enforcing adherence to requirements; filing financial reports; advising management on needed actions.
• Provides overall direction, guidance, and support to accounting staff on operational issues.
• Monitors accounting staff productivity and performance to ensure compliance with MA Bank policies and procedures appraising performance, identifying goals, areas of improvement and developing action plans to encourage career development.
• Maintains professional and technical knowledge by attending educational workshops; reviewing professional publications; establishing personal networks; participating in professional societies.
• Works closely with Payroll Department as a backup with external payroll vendor to ensure accurate payroll processing and total corporate payroll tax compliance.
• Works closely with external accountants to ensure corporate income tax compliance as S Corporation and the accurate and timely completion of all corporate income tax returns taking full advantage of all favorable tax codes.
• Works closely with external auditors to ensure accurate reporting and total compliance.
• Serves on banking audit and regulatory committees as required.
• Coordinates filing of required tax forms and maintains overall tax records.
• Monitors commercial and liability insurance programs.
• Manages senior management non-qualified deferred compensation plan and cash value life insurance policies providing financial information for reporting to Payroll Department.
• Manages accounting, transactions, issuance of certificates and reporting for Bank Holding Company per BHC Act, Gramm-Leach-Bliley Act and Regulation Y
• Participates in a wide variety of special projects and compile a variety of special reports.

ADDITIONAL JOB DUTIES

• Represents MA Bank in various community, civic, and community reinvestment functions to further enhance the Bank’s image and develop additional business.
• Stays current on products available in other bank departments; matching customers to new services and product promotions; ascertaining customers' needs.
• Complies with bank operations and security policies and procedures.
• Maintains a professional appearance and work area; dressing in accordance with bank dress code; keeping work area stocked with required supplies; organizing workspace for efficiency and appearance; reporting malfunctions of computers and other equipment.
• Maintains customer confidentiality and protects bank operations by guarding customer’s personal and account information; being vigilant regarding potential information security threats
• Maintains knowledge of and complies with regulatory guidelines governing financial institutions and MA Bank policies and procedures by completing assigned and voluntary training; reading and reviewing MA Bank polices & procedures at time of hire and subsequent revisions.
• Contributes to a team effort for the bank by completing other duties as needed.
• Other duties and responsibilities, as assigned.

KNOWLEDGE, SKILLS, AND ABILITIES

• Demonstrated experience as a Accounting Manager or similar role.
• Strong attention to detail and ability to minimize errors in work. 
• Strong analytical skills and ability to trouble-shoot problems.
• Good understanding of bank’s products and services.
• Excellent computer skills (Excel, Word, Adobe, Banking Software) and basic knowledge of office equipment.
• Excellent accounting and tax skills with knowledge of generally accepted accounting principles, as well, as familiarity with regulations governing accounting in a financial institution.
• Excellent knowledge of math and financial calculations (profit, loss, accrual, etc.).
• Ability to exercise discretion and independent judgement within established parameters.
• Ability to utilize strong time management and planning skills to meet position deadlines. 
• Ability to maintain accurate documents pursuant to the government and banking compliance requirements related to technology.
• Ability to establish and maintain effective working relationships with other employees.
• Ability to communicate professionally with coworkers, customers and vendors
• Ability to work in a constant state of alertness and safe manner.
• Perform other related work as assigned.

ORAGANIZATIONAL COMPETENCIES:

Building Trust: Interacting with others in a way that gives them confidence in one’s intentions and those of the organization. This includes building trust within the organization between people and departments; and external of the organization with suppliers, customers, and other stakeholders. 

Customer Focus: Ensuring that the customer perspective is a driving force behind business decisions and activities, without putting the company at risk; crafting and implementing service practices that meet customers’ and own organization’s needs.

JOB-SPECIFIC COMPETENCIES:

Building a Successful Team: Using appropriate methods and a flexible interpersonal style to help build a cohesive team; facilitating the completion of team goals.

Business Acumen: Using economic, financial, market, and industry data to understand and improve business results; using one’s understanding of major business functions, industry trends, and own organization’s position to contribute to effective business strategies and tactics.

Leadership Disposition: Demonstrating the traits, inclinations, and dispositions that characterize successful leaders; exhibiting behavior styles that meet the demands of the leader role.

Selecting Talent: Evaluating and selecting internal and external talent to ensure the best match between the individual and the work requirements.

Strategic Decision Making: Obtaining information and identifying key issues and relationships relevant to achieving a long-range goal or vision; committing to a course of action to accomplish a long-range goal or vision after developing alternatives based on logical assumptions, facts, available resources, constraints, and organizational values.

EDUCATION, TRAINING AND EXPERIENCE REQUIREMENTS

• Bachelor’s degree in accounting or related field required
• A minimum of three to five years of accounting experience required with experience in financial institution accounting preferred
• Advanced experience in Excel preferred

PHYSICAL CONTEXT AND WORK ENVIRONMENT

The work environment is usually a well-lighted, environmentally controlled indoor environment with a controlled level of noise. 

The statements herein are intended to describe the general nature and level of work being performed but are not to be seen as a complete list of responsibilities, duties, and skills required of personnel so classified.  Also, they do not establish a contract for employment and are subject to change at the discretion of the employer.