Accounting Team Lead: GAAP Expert for Banking

Servbank, sb Inc.; Champaign (IL); On-site; USD 80,000 - 110,000; Full time

Job summary

Servbank is seeking an Accounting Team Lead to guide the Finance and Accounting organization, ensuring accurate journal entries, reconciliations, and timely closes. You will lead by example, uphold internal controls, and drive process improvements across daily, monthly, and yearly reporting cycles.

The ideal candidate will have 5+ years in accounting, strong GAAP knowledge, proficiency in Excel, and experience with general ledger systems and audit support.

Qualifications

• Strong understanding of GAAP and accounting controls.
• Advanced analytical and problem-solving skills with attention to detail.
• Ability to independently prioritize workload, meet deadlines, and manage multiple responsibilities.
• Strong written and verbal communication skills.
• Proficiency in Microsoft Excel and accounting software applications.
• Experience preparing account reconciliations, journal entries, and financial reporting schedules.
• Knowledge of banking operations, regulatory reporting, and financial institution accounting preferred.
• Ability to identify process improvement opportunities and contribute to operational efficiencies.

Responsibilities

• Lead by example, fostering a culture of accountability, collaboration, professionalism, and continuous improvement.
• Independently compile, analyze, and review financial information to prepare and record journal entries within the general ledger system, ensuring transactions are accurately documented and properly supported.
• Record, reconcile, and analyze the Bank's daily cash and investment activities, identifying variances and escalating concerns as appropriate.
• Prepare, review, and maintain account reconciliations, ensuring outstanding items are researched and resolved in a timely manner.
• Support the month-end and year-end close processes, including preparation and review of journal entries, reconciliations, schedules, and supporting documentation.
• Prepare a variety of daily, weekly, and monthly accounting schedules and reports with a high level of accuracy.
• Maintain and update departmental procedures, ensuring documentation remains current, accurate, and aligned with internal control requirements and standard procedure templates.
• Support internal and external audits by collecting, reviewing, validating, and organizing audit documentation and responding to auditor requests.
• Assist with the preparation and filing of regulatory reports, including but not limited to the FR 2900 Report, Call Report, and Y-9SP Report.
• Serve as a backup for the Accounts Payable function, including reviewing expense coding, processing vendor invoices and employee reimbursement requests, and ensuring compliance with company policies and procedures.
• Identify process inefficiencies and opportunities for improvement, recommend solutions, and support implementation of approved enhancements.
• Perform special projects, research assignments, and ad hoc financial analyses as requested by management.
• Collaborate effectively with internal departments and business partners to resolve accounting-related questions and issues.

Skills

GAAP knowledge

Analytical skills

Communication skills

Excel proficiency

General ledger

Audits

Education

Bachelor's degree in Accounting or Finance

Tools

ERP/accounting software

Job description

Servbank is seeking an Accounting Team Lead to guide the Finance and Accounting organization, ensuring accurate journal entries, reconciliations, and timely closes. You will lead by example, uphold internal controls, and drive process improvements across daily, monthly, and yearly reporting cycles.

The ideal candidate will have 5+ years in accounting, strong GAAP knowledge, proficiency in Excel, and experience with general ledger systems and audit support.