We are searching for an Investment and General Bank Accountant at Firstrust Bank. This position will be expected to provide Investment, Borrowings, Derivative and other routine accounting knowledge. This is an excellent opportunity to work with a multi-functional organization that is privately owned.
The ideal candidate should be able to prepare the corporate Accounting for the Investment functions for the Bank. The job functions includes but are not limited to: Investment Accounting, Wholesale Borrowing Accounting, Derivative Accounting (Swaps), Brokered CD’s, Daily Rate reports, and daily cash management monitoring.
Assist the Accounting department with various account reconciliations, daily, monthly and annual processes, monthly financials, call report schedules, and annual report schedules.
Finance and Investment Accounting:
Maintain and manage the Investment software. Monitor and book principal and interest entries. Prepare the system to produce reports and analysis for ALCO. Prepare the daily rate sheet and provide other rate inquiries from the operation units as needed. Record the investment portfolio actions including payments, purchases, sales, calls and maturities of securities, derivatives and equities. Prepare the monthly Investment Package.
Maintain the FHLB borrowings, other borrowing, and brokered CDs entries and reports. Ensure that interest expense is calculated and reported accurately. Book new borrowings and pay down.
Maintain proper Derivative/Hedge Accounting for Swaps. Know how to utilize Bloomberg to obtain derivative market value, book, adjust, and mark to market the derivatives. Record gains or losses on sale of derivatives as they are sold. Utilize Bloomberg to report interest rates to the business units on a daily basis.
Other Accounting Functions: Assist in the daily, monthly, and quarterly accounting functions. These functions includes but are not limited to daily and monthly account reconciliations, roll-forwards, preparation of regulatory schedules, Annual Report schedules, accounting entries, research and analysis.
While performing the essential functions of this position, the employee is regularly required to communicate with all levels of the company. The employee will need to detect discrepancies in reporting and discuss and resolve issues. Must be able to operate a computer and work with spreadsheets and other computer software.