Job description
IBC Bank successes are the result of an aggressive and innovative attitude. The Bank's "We Do More" philosophy reflects it's dedication to the growth and success of it's employees, customers and communities. IBC bank hires talented, creative and dedicated individuals to help our business succeed. We are a company that values leadership, community engagement and relationship building that leads to a culture of excellence. We are currently seeking to fill positions across all business segments. IBC's focus is to be customer centric and strive to provide excellent customer experience.
Time Type:
Full time
Department:
600 Financial Accounting
Job Summary:
An entry level financial accountant supports the goals of the department and is responsible completion of reports and job functions that are used to primarily support external financial data reporting.
Job Description:
ESSENTIAL JOB FUNCTIONS
The statements on this job description are intended to describe the general nature of level of work being performed by incumbents. They are not an exhaustive list of all responsibilities, duties, and skills required by all incumbents.
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Prepares various financial statements for bank and non-bank subsidiaries
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Prepares and organizes monthly and quarterly reports to the Board of Directors for non-bank subsidiaries of the Corporation
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Prepares various reconciliations on a daily, monthly, and/or quarterly basis, as needed
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Maintains general ledger for non-bank subsidiaries
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Maintains schedule of deferred tax assets and liabilities for bank and non-bank subsidiaries
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Provides support for data collection, including preparation of schedules, as needed, for inclusion in the 10Q and 10K
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Prepare monthly yield analysis of interest-bearing assets and liabilities for bank subsidiaries
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Prepares data and analysis for preparation of the FR2900 report to the Federal Reserve
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Processes purchases and sales of financial instruments in the investment portfolio, included related transactions with counterparties.
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Processes and posts principal and interest payments received on investment securities
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Prepares daily cash flow monitoring report for bank subsidiaries
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Maintains internal system for tracking components and reporting of investment portfolio.
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Prepares internal monitoring reports for compliance with investment portfolio policy guidelines and limits
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Monitors collateral pledged to depositors and other third-parties, including external reporting to deposits, as needed
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Processes and posts monthly interest, amortization and accretion transactions for investment securities
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Provides support to deposit account managers for repurchase agreements entered into with their customers
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Prepares monthly recap of transactions in the investment portfolio for review by the Board of Directors
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Processes payments of principal and interest on borrowings and agency repurchase agreements
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Provides support to other departments on data produced by team
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Payment of vendor bills for non-bank subsidiaries
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Maintains schedule of FHLB and other borrowings, including associated transactions and reporting
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Prepares monthly cash flow monitoring on investment portfolio
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Communicates with other areas of the bank on data needed by them for completion of their tasks, monitoring activity or process improvement
SKILLS
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Time management
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Speaking
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Writing
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Reading comprehension
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Service oriented
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Active listening
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Active learning
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Coordination
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Critical thinking
EDUCATION
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Bachelor’s degree in Accounting or Finance
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