Job Description
Job Description
Department: Accounting Location: Springfield HQ
Reports to: Assistant Controller Status: Full-Time | Hourly
Monday through Friday 8:00 am to 4:30 pm
JOB SUMMARY
New Valley is seeking a detail-oriented and motived Accounting Specialist I to join our Finance and Accounting team. This entry-level position is ideal for candidates who have completed accounting and finance coursework and are eager to apply their knowledge in a professional banking environment. The Accounting Specialist I will support daily accounting operations, prepare and review financial reports, and help maintain the accuracy of financial data.
Qualified candidates must have strong analytical skills, as well as the ability to work both independently and collaboratively to support the bank's financial objectives.
ESSENTIAL FUNCTIONS
- Assist with posting daily general ledger activity
- Monitor cash accounts with counterparties for balances and transaction activity
- Maintain securities portfolio, including entering purchase and pledge information
- Assist with accounts payable function, entering invoices, submitting payments, and performing vendor maintenance
- Calculate monthly accrual amounts, including for annual staff bonuses, retail incentive bonuses, and professional services
- Support month end and year end closing processes by gathering documentation, making closing general ledger entries, and performing monthly reconciliations
- Monitor prepaid expenses for completion and renewal
- Complete routine liquidity dashboards for monitoring and reporting
- Assist with quarterly asset liability management, interest rate risk, and liquidity reporting
- Track borrowing and brokered CD maturities to ensure timely repayment
- Assist with Regulation O insider relationship reporting
- Provide support during audits and regulatory examinations
- Collaborate with other departments on financial questions and reporting needs
- Other duties as assigned
Qualifications
Education
- Completion of associate's degree or equivalent in accounting/finance required
- Bachelor's degree in accounting/finance preferred
Skills and Experience
- 1+ years of accounting or banking experience preferred
- Knowledge of Generally Accepted Accounting Principles (GAAP)
- Proficiency with accounting software and Microsoft Excel
- Strong planning, organizational, administrative, problem-solving, and time management skills
- Excellent organizational, verbal and written communication, and computer skills
- Ability to work with business partners with such as auditors, partner banks, insurance companies and benefit providers
Physical Requirements
- Office environment
New Valley Bank and Trust employees must follow all policies and procedures related to their position and any laws, rules or compliance regulations that apply in the accomplishment of their assigned duties, while also using good judgment and ethical standards.
Note: The above duties may not be all-inclusive. The incumbent may be asked or required to perform other work as time and abilities allow.
EQUAL EMPLOYMENT OPPORTUNITY EMPLOYER
New Valley Bank and Trust is committed to diversity and inclusion. We recruit and employ the best qualified individuals without regard to race, religion, color, sex (including pregnancy, gender identity, and sexual orientation), parental status, national origin, age, disability, family medical history or genetic information, political affiliation, military service, or other non-merit-based factors. Equal employment opportunity applies to all personnel actions.