Investment Accountant

Quontic Bank; Woodbridge Township (NJ); On-site; USD 60,000 - 80,000; Full time

Job summary

Quontic Bank is seeking a dedicated Investment Accountant in Iselin, NJ. The role involves managing the investment portfolio's accounting, ensuring accuracy in cash reconciliations and portfolio reporting.

Ideal candidates will possess a Bachelor’s degree in Accounting or Finance, alongside 2-3 years of relevant experience. This full-time position offers a chance to work in a fast-paced environment, with duties ranging from reconciliation to providing detailed financial reports.

Qualifications

• 2-3 years of accounting/finance experience, particularly in treasury/securities.
• Proficient in advanced Excel functionalities.

Responsibilities

• Provide SEC and regulatory investment portfolio breakdowns.
• Reconcile investment portfolio and cash accounts regularly.
• Record investment portfolio activities for accurate financial reporting.
• Handle ad-hoc requests and special projects as needed.
• Understand product mapping from sub-ledger to general ledger.

Skills

Verbal and written communication skills

Advanced Excel knowledge

Detail-oriented

Familiarity with accounting principles

Education

Bachelor’s Degree in Accounting or Finance

Job description

Job Highlights

Title: Investment Accountant

Type: Full Time

Experience: 2-3 Years

Function: Finance

Location: Iselin, NJ, United States

Company: Provident Bank

Company Profile

Provident Bank (held by Provident Financial Services) provides financial services for businesses, individuals, and families. The bank offers deposit, loan, and investment products as well as trust, fiduciary, and wealth management services.

Job Profile

The Bank is searching for an Investment Accountant who will be responsible for the accounting and reconciliations related to the investment portfolio of the Company.

Responsible for tracking principal and interest payments, reconciling cash accounts used in settling securities, and ensuring the investment portfolio sub‑ledger system ties to the general ledger.

Education Level

• Bachelor’s Degree in Accounting or Finance

Work Experience

• 2-3 years of work experience in Accounting or Finance, with specialization in treasury/securities‑related products

Duties / Responsibilities

• Provide a breakdown of the investment portfolio required for SEC and regulatory reporting, and research and explain variances from prior quarter and prior year.
• Reconcile the investment portfolio monthly and reconcile cash accounts daily; investigate reconciling items with Treasury and external counterparties, identify reasons for cash differences on securities settlements, and make corrections as needed.
• Record activity of the investment portfolio, including changes in principal & interest payments, monthly accruals, discount/premium amortization, and changes in market value; own and prepare reporting and analysis on the portfolio using information from the investments system to enhance monthly and quarterly financial reporting.
• Handle special projects and ad‑hoc requests as needed.
• Understand products and mapping from the sub‑ledger to the general ledger; propose changes for mapping when needed for new products or reporting changes; possess technical knowledge of products to identify mapping changes needed.

Skills / Knowledge / Abilities

• Ability to effectively communicate verbally and in writing.
• Advanced knowledge of Excel, including advanced formulas and pivot tables.
• Detail‑oriented, organized, and able to work with various professional groups in a fast‑paced environment.
• Proficiency in generally accepted accounting principles.

Working Conditions

• Lifting from 5 to 10 lbs. (printer paper, storage boxes)
• Occasional bending or overhead lifting (storing files or boxes)
• Prolonged sitting
• Hazards are those present in a normal office setting.

Employer’s Statement

Provident Bank is an Equal Opportunity Employer.