Merchants Commercial Bank Hiring for Accountant Job at Charlotte Amalie, VI Full Time

MERCHANTS COMMERCIAL BANK

ACCOUNTANT JOB DESCRIPTION

TITLE: Accountant

DEPARTMENT: Finance

FLSA: Non-Exempt

REPORTS TO: Controller

CATEGORY: Full Time

DATE: January 10, 2022

SUMMARY

The Accountant is responsible for performing various accounting-related duties by utilizing generally accepted accounting principles, adhering to tax laws and regulatory compliance to properly reflect the financial position of the Bank and providing, analyzing, reconciling, and reporting accounting information from multiple systems, reports, and processes.

ESSENTIAL DUTIES

1. Supports the Accounting Department in ensuring the smooth operation of the department by performing a variety of accounting duties to all assigned areas where service or assistance is needed.

2. Processes Federal Funds and EBA transactions.

3. Performs monthly certifications to ensure transaction balance to the general ledger; clears out non-posted items daily; ensures accuracy and proper documentation of transactions; performs quarterly surprise cash count certifications at all offices; and follows-up on out-of-balance items to resolve problems as necessary.

4. Processes accounts payable transactions; prepares and issues expense checks; and reconciles expense checks to issued statements and the general ledger.

5. Reconciles and balances correspondent due from and due to bank accounts and statements. Prepares entries to clear reconciling entries.

6. Compiles miscellaneous month end accounting and general ledger entries from general ledger reports.

7. Gathers and calculates data and prepares a variety of monthly, quarterly and annual reports for management; ensures reports are accurate, complete and prepared on schedule.

8. Records, files, scans documents, updates information, and sorts mail or reports as required.

9. Performs related clerical duties such as answering the telephone, taking messages or forwarding calls, copying, typing routine letters, envelopes and forms, and filing.

10. Provides assistance to auditors and examiners to include retrieving data requested and providing responses to questions.

11. Prepares Form 1099 miscellaneous.

12. Processes payroll; deposits payroll taxes; files payroll tax returns, prepares W-2’s, file/pay Workman’s Compensation

Premiums.

13. May cross-train less experienced Accounting Department personnel.

14. Responds to inquiries or refers inquiries to the appropriate department or person, and exhibiting the necessary follow through with clients and/or staff involved.

15. Treats people with respect; keeps commitments; Inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions.

16. Demonstrates knowledge of and adherence to Equal Employment Opportunity (EEO) policy; shows respect and sensitivity for cultural differences; educates others on the value of diversity; promotes working environment free of harassment of any type; builds a diverse workforce and supports affirmative action.

17. Assures compliance with all Bank policies, procedures and processes, and all applicable territorial and federal banking laws, rules and regulations; adheres to Bank Secrecy Act (BSA) responsibilities that are specific to the position.

18. Completes administrative tasks correctly and on time; supports the Bank’s goals and values; benefits the Bank through outside activities.

19. Performs the position safely, without endangering the health or safety to themselves or others and will be expected to report potentially unsafe conditions. The employee shall comply with occupational safety and health standards and all rules, regulations and orders issued pursuant to the OSHA Act of 1970, which are applicable to one’s own actions and conduct.

20. Reconcile Due from Bank Accounts Daily

21. Reconcile Internal DDA Accounts as required

22. Clear G/L Non-Post Daily

23. Clear G/L Rejects/Suspense Daily

24. Investigate and clear all application interface errors

25. Journalize and post monthly entries

26. Maintain Month End Files

27. Process Accounts Payable as required

28. Maintain Vendor Files

29. Outgoing Wire Transfer Processing to include call back and origination

30. Incoming Wire Transfer Processing

31. Daily Review of Specific Branch Reports

32. Assist with client inquiries when Branch staff is unavailable.

33. RDC Processing

34. Processing of Levies and Subpoenas

35. Review source input documents to determine if adjustments to client’s accounts were properly approved

36. Review source input documents to determine if deposit accounts were set upon in the Horizon system correctly

SECONDARY DUTIES

The position of Accounting Specialist performs duties specific to the position and other functions as assigned.

SUPERVISORY RESPONSIBILITY

The position of Accounting Specialist is not responsible for the supervision of any employee(s).

ENVIRONMENT AND PHYSICAL ACTIVITY

The incumbent is in a non-confined office-type setting in which he or she is free to move about at will. The position includes driving a Bank or personal owned vehicle approximately one percent of the time which includes exposure to the outside weather elements and moving mechanical parts. It may include some minor annoyances such as noise, odors, drafts, etc.

The incumbent in the course of performing this position spends time writing, typing, speaking, listening, lifting (up to 15 pounds), driving, carrying, seeing (such as close, color and peripheral vision, depth perception and adjusted focus), sitting, pulling, walking, standing, squatting, kneeling and reaching.

The incumbent for this position may operate any or all of the following: telephone, smart phone, copy and fax machines, adding machine (calculator), check protector, scanner and image systems, scanning equipment, encoder, money counter, credit card terminal, typewriter, computer terminal, laptop computer, personal computer, tablet, printers, or other equipment as directed.

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Equipment Used: Computer, Ten-key calculator, Telephone, Fax Machine, Photocopier, Scanner

MENTAL DEMANDS

The incumbent in this position must be able to accommodate to reading documents or instruments, detailed work, problem solving, customer contact, reasoning, math, language, presentations, verbal and written communication, analytical reasoning, stress, multiple concurrent tasks, and constant interruptions.

MINIMUM REQUIREMENTS

These specifications are general guidelines based on the minimum experience normally considered essential to the satisfactory performance of this position. The requirements listed below are representative of the knowledge, skill and/or ability required to perform the position in a satisfactory manner. Individual abilities may result in some deviation from these guidelines.

• Associate’s degree (AA) or equivalent from a college or technical school; or three years of related experience and/or training; or the equivalent combination of education and experience. Work related experience should consist of accounting or bookkeeping background. Educational experience, through in-house training sessions, formal school or financial industry related curriculum, should be business or financial industry related.

• Basic knowledge of related territory and federal banking compliance regulations, and other Bank operational policies.

• Ability to read, analyze and interpret general business periodicals, professional journals, and technical procedures.

• General banking experience, methods and procedures related to Federal Funds transactions and bank account or general ledger reconciliation.

• Intermediate skills in computer terminal and personal computer operation; host computer system; word processing and spreadsheet software programs.

• Intermediate typing skills to meet production needs of the position.

• Basic math skills; calculate interest and balance accounts; add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions and decimals; locate routine mathematical errors; count currency, coin and negotiable instruments in a timely manner.

• Effective verbal, written and interpersonal communication skills with the ability to apply common sense to carry out instructions, interpret documents, understand procedures, write reports and correspondence, and speak clearly to customers and employees.

• Ability to deal with difficult problems involving multiple facets and variables in non-standardized situations.

• Effective organizational and time management skills.

• Ability to work with minimal supervision while performing duties.

• Strong skills in Microsoft Office products, electronic file management and basic clerical functions (typing, formatting documents, phone interaction with clients, etc.)

• Ability to interact positively with staff at all levels and deal professionally with clients.

• Self-starter and capable of working independently with minimal supervision and guidance.

• Ability to support multiple team members in a variety of tasks and deliver quality products timely.

• Ability to multitask and prioritize tasks.

• Excellent time management skills with proven ability to meet deadlines.

• Excellent organizational skills.

• Excellent attention to detail.

• Excellent verbal and written communication skills.

• Excellent follow up skills.

• Apply critical thinking and problem-solving skills.

• Ability to accept and act on constructive criticism.

• Ability to act with integrity, professionalism and confidentiality.

• Current driver’s license and a vehicle with appropriate insurance coverage if required to drive during performing assigned duties and responsibilities.

Management reserves the right to change this job description at any time according to business needs.

Job Type: Full-time

Salary: $45,000.00 – $60,000.00 per year

Benefits:

• 401(k) matching
• Dental insurance
• Health insurance
• Paid time off
• Tuition reimbursement
• Vision insurance

Schedule:

• 8 hour shift
• Monday to Friday

Education:

• Associate (Required)

Experience:

• Accounting: 1 year (Preferred)
• GAAP: 1 year (Preferred)

Work Location: One location