Accounting Manager

Responsibilities

• Oversee the month-end close process, including completion of the month-end checklist.
• Review and approve daily and monthly journal entries, ensuring each entry is supported by accurate and appropriate documentation.
• Review and approve daily reconciliations of select cash accounts, deposit accounts, and loan accounts.
• Review and approve monthly reconciliations of balance sheet accounts within the Accounting Department’s responsibility, ensuring completeness and accuracy, identifying unusual items or control concerns, and overseeing the timely resolution of outstanding reconciling items.
• Direct and maintain the Bank's monthly accrual process, ensuring the completeness and accuracy of accrued liabilities through collaboration with senior management, review of general ledger activity, and oversight of accrual-related processes. Coordinate with the Director of Audit and Compliance Officer to monitor auditor and consultant engagement activity and resolve outstanding accrual balances.
• Prepare and analyze monthly income statement variance reports.
• Maintain and enhance accounting processes and internal controls to promote accurate financial reporting and regulatory compliance.
• Manage the Bank's investment accounting function, including securities transaction verification, maintenance of investment records, coordination with custodians and outsourced service providers, and reconciliation of investment activity to ensure accurate financial and regulatory reporting.
• Supervise the recording, maintenance, and reconciliation of the prepaid expense and fixed asset sub-ledgers within the Bank’s accounting systems.
• Oversee the Bank's accounts payable function, including payment processing, reconciliation of accounts payable activity to the general ledger, and monitoring of expense recording to ensure accurate, timely, and controlled financial reporting.
• Oversee vendor maintenance and payment controls within the accounts payable system by reviewing new and modified vendor records, validating changes to vendor addresses and payment instructions, ensuring appropriate documentation is retained, and confirming that new vendor relationships and related disbursements support legitimate Bank operations.
• Work directly with internal and external auditors to respond to information requests and answer questions. Assist with Bank regulatory examinations as needed.
• Oversee the preparation and timely remittance of federal and state payroll tax withholdings, ensuring accurate recording of related journal entries and reconciliations. Oversee the annual Form 1099 reporting process, ensuring accurate preparation and timely submission of reporting files to external service providers.
• Support the Bank's liquidity management process through the preparation and analysis of liquidity reports and cash flow forecasts. Perform quarterly stress testing and scenario analyses and prepare related reports for management. Supervise and review the filing of weekly, monthly, and quarterly SPDA reports with the Commonwealth of Virginia, as applicable.
• Supervise and train an annual summer intern, assigning work, providing guidance, and reviewing completed tasks.
• Research new accounting pronouncements and regulatory developments relevant to the Bank and apply guidance to the Bank’s specific circumstances.
• Prepare and organize various accounting reports and files.
• Maintain and update applicable accounting policies annually.
• Assist with administrative needs and special projects as assigned.

Qualifications

• CPA license required.
• Bachelor’s degree in accounting from an accredited university.
• Candidates with five or more years will be considered for the Accounting Manager role; that title additionally requires demonstrated knowledge of or direct experience in accounting practices specific to banks, including familiarity with bank regulatory reporting, investment accounting, and bank-specific financial measurements. Candidates with three or more years of general ledger accounting or public accounting experience may be considered for a Senior Accountant role.
• Understanding of GAAP financial statements and financial measurements common to banks.
• Advanced proficiency in Microsoft Excel and the Microsoft Office suite.
• Strong research skills, including the ability to research accounting pronouncements and apply guidance to the Bank’s specific circumstances.
• Ability to maintain a high level of accuracy and attention to detail.
• Ability to manage multiple concurrent deadlines and prioritize workload effectively.
• Ability to work both independently and collaboratively across functional teams.
• Effective written and verbal communication skills.
• Ability to behave ethically and protect confidential information.
• Strong problem-solving and analytical skills.
• Comfort leveraging approved automation and AI-enabled tools to support reporting processes, with appropriate human review and adherence to Bank governance and controls.