Job Information
Newtown Savings Bank Staff Accountant (onsite) in Newtown, Connecticut
Location: Newtown, CT
Newtown Savings Bank is seeking an experienced accounting professional for the role of Staff Accountant at our Newtown, CT, Corporate location. The Staff Accountant is responsible for assisting with the preparation of the audited financial statements and footnotes, for preparing income tax accounting, for assisting with the annual FDICIA initiative, and conducting GL mapping, and for collaborating with the Business Intelligence (BI) team for research and analysis. This is an onsite opportunity at our Corporate office in Newtown, CT. This role has remote option of one day per week.
PRIMARY RESPONSIBILITIES
With the support of the Controller, prepare the draft year-end financial statements and footnotes in accordance with Generally Accepted Accounting Principles. These draft financial statements and footnotes are reviewed by the Executive Committee, Audit Committee, and external auditors, and after an iterative revision process, they evolve into the official audited financial statements upon which the external auditors render their opinion.
Prepare the monthly income tax provision calculation.
Primary responsibility for maintaining GL chart of accounts and for all GL mapping and interfaces (new products, new GLs, new branches, etc.)
Assist Controller in implementation of annual core system updates. Participate in annual release meeting and evaluate any system changes impacting the Finance Department.
Serve as the liaison with the BI department in performing ad-hoc financial analyses upon the request of the Controller or CFO.
Responsible for approving daily, weekly, and monthly journal entries and GL account reconciliations prepared by other members of the department.
Serve as the backup to reconcile daily account statements of the Federal Reserve Bank, Bankers’ Bank and other correspondent bank accounts. Identify adjustments as required either through the Federal Reserve Bank and/or the Clearinghouse. Collaborate with Retail/Deposit Operations in researching discrepancies and making the necessary adjusting entries.
Provide backup for review of the account reconcilement monthly reporting package, including a detailed list of items that have remained as reconciling differences for greater than 60 days.
Responsible for the preparation of monthly consolidation/elimination entries with respect to the Bank’s holding companies and the Bank’s subsidiaries.
POSITION REQUIREMENTS
A Bachelor’s degree in accounting with four to seven years’ experience, preferably in the banking/financial services industry, or other combinations of education and experience. Proficient with Excel and familiar with other Microsoft Office products.
Experience with automated general ledger systems is required.
Familiarity with business intelligence software and tools is beneficial.
QUALIFICATIONS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed above are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Any physical demands or work conditions 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.
Full time employees also receive a complete benefit package including a generous 401(k), medical benefits, paid time off, and short- and long-term disability programs.
Newtown Savings Bank is an equal opportunity and affirmative action employer regardless of race, gender, disability status, protected veteran status. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, age, marital status, national origin/ancestry, sexual orientation, gender identity, disability status, protected veteran status, or any other legally protected status.