Staff Accountant

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Job Overview

The position of Staff Accountant is offered by First Farmers Bank & Trust, located in Converse, Indiana. This role presents an exciting opportunity for qualified accounting professionals as it involves a range of professional accounting duties. The job may allow for remote work options part of the week, making it suitable for individuals seeking flexibility in their workplace.

Key Responsibilities

As a Staff Accountant, the employee will be required to perform various tasks, which include but are not limited to:

• Preparing, maintaining, verifying, and reconciling financial transactions, statements, records, and reports.
• Assisting in the preparation of the annual audit and year-end closing.
• Developing and maintaining the reporting system structure and associated processes alongside internal controls.

Additional responsibilities include transaction processing, financial reporting, and maintaining internal controls. These duties are essential for ensuring all financial matters comply with Generally Accepted Accounting Principles (GAAP), enhancing the organization's accuracy in financial reporting.

Transactional Duties

In detail, the Staff Accountant will:

• Conduct daily and monthly account reconciliations using Blackline software, ensuring data accuracy.
• Calculate and maintain accruals for various financial obligations, including FDIC premiums, properties taxes, and compliance fees.
• Monitor prepaid accounts for correct amortization and recording.
• Maintain fixed asset and depreciation schedules using the FAS Software System.
• Execute month-end closing duties which involve a review of loan origination fees as well as other financial entries and accruals.
• Prepare monthly investment transactions and record activities for affiliate entities on a quarterly basis, which ensures an accurate regional financial overview.

Financial Reporting

A significant aspect of the role involves preparing detailed documentation for both external and internal audit firms. The accountant will accurately prepare the financial statement footnotes, which are crucial for providing transparency in financial reporting.

Internal Controls

The position emphasizes developing and documenting business processes and accounting policies. This contributes significantly to maintaining and strengthening internal controls within the organization.

Other Responsibilities

In addition to the primary duties outlined, the staff accountant may also perform other accounting and financial tasks as required periodically. This may vary depending on organizational needs.

Required Skills and Qualifications

To qualify for the Staff Accountant position, candidates must meet the following requirements:

• A Bachelor’s degree in accounting is mandatory.
• Preference is given to those holding a Certified Public Accountant (CPA) or Certified Management Accountant (CMA) designation, signifying a higher level of qualification in the financial field.
• Strong verbal and written communication abilities are essential to facilitate clear interaction with team members and other stakeholders.
• A thorough understanding of GAAP and knowledge of statutory accounting principles are key in ensuring compliance and standard practice in financial reporting.
• Candidates should possess strong analytical and accounting skills to effectively handle financial data.
• Proficiency in Microsoft Office, particularly with Excel, at an intermediate to advanced level is essential for managing large sets of financial data.
• The ability to manage multiple projects concurrently in a deadline-driven environment is crucial for this role.

Working Conditions

Potential candidates should expect to work in a normal office environment with extended viewing of computer screens. There may also be repetitive hand and arm movements due to the nature of the work involved. Additionally, travel to branch locations for meetings or due diligence may be required from time to time.

Conclusion

This Staff Accountant position at First Farmers Bank & Trust offers a great opportunity for accounting professionals seeking a role with diverse responsibilities and the potential for remote work. The combination of analytical tasks, financial reporting, and enhancing internal controls presents a significant opportunity for career development and contribution to the organization’s goals. Those interested should evaluate their qualifications against the listed requirements and consider how this position aligns with their career aspirations in the accounting field.

This job offer was originally published on himalayas.app