Accounting Associate in Monterey Park, CA at GPAC

Date Posted: 6/10/2022

Job Snapshot

Job Description

The position of Staff Accountant reports to the Controller and is responsible for performing general ledger accounting, reconciliation, fixed assets, and various other duties. As the Internal Auditor, this position is also responsible for performing an independent monitoring and assessment of operation functions and compliance with banking laws and regulations.

ESSENTIAL JOB FUNCTIONS


• Managing the Bank's Cash Accounts; maintaining cash balances with the Federal Reserve and correspondent bank for cash letter/wire/custody/currency purposes and with the Federal Home Loan Bank for financing purposes.


• Calculating the reserve requirements and asset numbers, monitoring all activities for such accounts, and be responsible for booking all transactions related to treasury tax payments, interest income/expense, service charges, and cash letter collection.


• Providing backup assistance for monthly reports.


• Preparing various financial reports for senior management review.


• Assisting with the budgeting process by collecting all budget request sheets from departments, analyzing their budget plans and preparing a budget summary for senior management.


• Maintaining fixed assets database and reconciling general ledger items.


• Assisting in implementing and improving accounting and internal control policies and procedures.


• Preparing ad hoc reports.


• Maintain daily cash report.


• Research accounting issues.


• Assist in external audit.


• Auditing the Bank's accounting and financial data to ensure accuracy and compliance with government guidelines and laws.


• Identifying improper accounting or documentation and researches issues.


• Making recommendations to improve policies or procedures accordingly.


• Working with outside auditors to help reconcile discrepancies or support the external auditing function.


• Working closely with all Bank Departments to monitor implementation and compliance of Bank policies and procedures, and


• Maintaining relationships with outside accountants, government agencies and examiners.


• Determining whether areas reviewed are performing their planning, accounting, custodial, or control activities in compliance with management instructions, applicable statements of policy and procedures, and in a manner consistent with both organizational objectives and high standards of administrative practice.


• Surveying functions and activities in assigned areas under review to determine the nature of operations and the adequacy of the system of control in achieving established objectives.


• Assisting in the determination of the direction and approach of proposed reviews.


• Assisting in the determination of the audit procedures to be used.


• Planning the theory and scope of the audit, and assisting in the preparation audit programs.


• Assessing risks and determining the effectiveness of controls and the potential impact of control failures through evaluation of Bank procedures and systems in accordance with Institute of Internal Audit Standards.


• Recommending improvements in current standards and in the implementation of process changes in related areas.

MINIMUM REQUIRED EDUCATION, KNOWLEDGE, SKILLS AND ABILITIES

The minimum required job-related experience needed to demonstrate competence to perform the job is:


• Bachelor's degree required in Accounting, Finance or related field


• Knowledge of generally accepted accounting principles (GAAP) and the components of financial statements.


• Good analytical and problem-solving skills.


• Ability to meet deadlines and work under constraints.


• Knowledge of the banking industry and financial statements presentation essential. Experience with bank financial software desirable.


• Proficiency in spreadsheet/word processing/graphics software.


• Ability to work independently or with a team.


• Work experience should include at 2+ years in accounting.


• This person must understand key audit issues and work with Bank managers and the Audit Committee in evaluating and strengthening their procedures and controls.


• Ability to evaluate the materiality of issues and identify risk to appropriate corporate level.

All qualified applicants will receive consideration without regard to race, age, color, sex (including pregnancy), religion, national origin, disability, sexual orientation, gender identity, marital status, military status, genetic information, or any other status protected by applicable laws or regulations.

GPAC (Growing People and Companies) is an award-winning search firm specializing in placing quality professionals within multiple industries across the United States since 1990. We are extremely competitive, client-focused and realize that our value is in our ability to deliver the right solutions at the right time.