Senior Staff Accountant

Socket.dev; Massachusetts; On-site; USD 38,000 - 59,000; Full time

Benefits offered by this job

Hybrid work after 6 months

Competitive salary

401K with match

Profit sharing after 2 years

Tuition reimbursement

Wellness program

Job summary

Florence Bank is seeking a Senior Staff Accountant to join our Main Office team. You will carry out analytics, lead finance projects, and support regulatory reporting for the Board and Management.

The role involves general ledger duties, investment reporting, and daily funding analysis with Federal Reserve and banks. The ideal candidate has a Bachelor’s degree in accounting and finance, strong technical skills, and 2–3 years of banking experience.

Qualifications

• Bachelor’s degree in accounting and finance required.
• Strong knowledge of accounting principles and practices.
• 2–3 years of bank or banking related experience preferred.
• Ability to work independently and handle multiple tasks.
• Proficient PC skills and spreadsheet use.
• Strong written and verbal communication; ability to meet deadlines.

Responsibilities

• Carry out analytics, project leadership, and accounting responsibilities under the Controller.
• Prepare regulatory reports for FDIC and Federal Reserve Bank; assist audits.
• Develop and enhance reporting; evaluate new systems and vendors.
• Manage general ledger, prepaid expenses, accruals, and asset tracking.
• Process investment reports and perform investment analytics.
• Analyze funding position daily with Federal Reserve and correspondent banks.
• Oversee fixed assets, depreciation, and capital expenditure tracking.
• Handle accounts payable, tax duties, and related reporting.

Skills

Analytical skills

Organizational skills

Communication skills

Deadline-driven

Team collaboration

Independent work

Education

Bachelor’s degree in accounting and finance

Tools

Spreadsheets

Job description

Are you looking for an employer that provides 4+ weeks of PTO and benefits upon hire, focuses on advancement opportunities, and has an overall average employee tenure of a decade? With tuition reimbursement, wellness incentives, and a 401K plan with dollar-for-dollar match, Florence Bank has it all!

At Florence Bank, we offer:

• Competitive salary
• Hybrid work schedule after successfully completing 6 months of employment
• Generous paid time off
• 12 paid holidays
• Dynamic work culture
• Fun work environment
• Weekly pay schedule
• Medical, dental, Vision and life insurance upon hire
• 401K plan with dollar-for-dollar match
• Profit sharing bonus after two full calendar years of employment
• Robust wellness program with monetary incentives
• $5,000 tuition reimbursement each calendar year

We are currently seeking candidates to join our exceptional team for the following position:

Job Title: Senior Staff Accountant
Location: Main Office

$27.57 To $43.18 Compensation for this position is commensurate with experience. The posted range is intended to provide a general estimate and does not guarantee a specific rate of pay.

Position Summary

Under the direction of the Controller, carry out a variety of analytics, project leadership, and accounting department responsibilities.

Essential Functions

1. Consistently provides superior professional service to internal and external customers.
2. Consistently meets the expectations of teamwork, punctuality and regular, reliable attendance.
3. Manage or participate in finance division projects, such as: development or enhancements to reporting, evaluation of new accounting systems and service vendors, business continuity and vendor management.
4. Complete regulatory reports for the FDIC and Federal Reserve Bank. Prepare, oversee preparation, and/or perform analytics related to Financial Statements for the Board and Management. Attend training to understand regulatory changes. Maintain and update related procedures. Develop efficiency in report preparation where possible; verify accuracy of source documents received from other divisions. Prepare various reports as needed related to loans, deposits, borrowings, etc. Prepare items as needed for audits, and for the Audited Financial Statements. Follow up on audit findings.
5. Manage finance division reports including Total Vision, General Ledger and any other system reports, including development of reports to improve and optimize information disbursement to management.
6. General ledger duties: prepare and maintain prepaid expense and accrued asset/liability accounts and entries, prepare entries, process transactions, reconcile accounts, review any of the above, produce reports.
7. Reviews and processes investment transactions, including payments, purchase & sales, accruals, and market value updates. Reconciles investment reports to general ledger or the bank’s investment custodian, for the bank, its subsidiaries and foundations. Produces various investment reports. Performs various investment analytics.
8. Daily analysis of funding position at Federal Reserve and other correspondent banks; determines and executes movement of funds, which may include borrowing and investing to maximize income opportunity while ensuring maintenance of adequate funds.
9. Fixed asset duties which include oversight, and may include entering purchases and sales into the fixed asset software system, depreciation processing, report generation, balancing of construction in progress accounts, preparing fixed assets for input, tracking capital expenditure requests.
10. Accounts Payable duties which may include: receiving bills, reviewing for proper approval, general ledger coding, system input, check generation and distribution, maintenance of use tax log, executive expenditures, and new vendors, 1099 coding, tracking, research, and generation, ACH payments to directors and employees, scans and maintains records, research and resolution of variety of payable issues.
11. Tax duties which may include payments, filing, calculations, reconciliations, returns, analytics related to income, withholding, sales and use tax, 1042 and 1099-Miscellaneous reporting.
12. Preparation and some analysis of complex bank accounting assessments, including but not limited to Allowance for Credit Loss analysis and Asset Liability Management.
13. Provides leadership to finance department staff; may review and approve various work items.
14. Appropriate retention of records.

Other Responsibilities

Assumes additional responsibilities, as requested.

Education, Experience, and Skills Required

1. Bachelor’s degree in accounting and finance.
2. Strong knowledge of accounting principles and practices.
3. Minimum of two (3) years of bank or banking related experience preferred.
4. Ability to work independently and handle a wide variety of tasks at any given time.
5. PC knowledge, including ability to develop and utilize spreadsheets.
6. Demonstrated analytical and organization skills.
7. Strong communication, both verbal and written skills.
8. Proven ability to meet deadlines.
9. Demonstrated ability to work as part of a small team.

Physical Demands/Conditions Requirements

1. General office environment.
2. Frequent use of computer.
3. Sits for an extended period of time.

Equipment Used

• General office equipment.

All employees handling customer accounts and transactions have a duty to report apparent suspicious activity and OFAC matches to the BSA Officer and the Security Officer.

Florence Bank is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, pregnancy, genetic information, disability, status as a protected veteran, or any other protected category under applicable federal, state, and local laws.