Job description
Overview:
Qualifications:
Compensation: Commensurate with experience plus potential for annual merit increase. In addition to your competitive salary, you will be rewarded benefits including: 11 paid holidays, paid vacation, Medical, Vision & Dental insurance, 401K with generous match, Pension, Tuition Reimbursement, Banking discounts and the list goes on!
Physical Requirements:
At Community Bank System, Inc. (CBSI), we are dedicated to providing our customers with friendly, personalized, high-quality financial services and products. Our retail division, Community Bank, N.A., operates more than 230 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont and Western Massachusetts. Beyond retail banking, we also offer wealth management, investment management, insurance and risk management, and benefit plan administration.
Just as our employees are committed to helping our customers manage their finances, we’re committed to our employees. After all, they make it happen for our customers every day.
To ensure our people can enjoy long and successful careers here at CBSI, we offer competitive compensation, good benefits, and professional development and advancement opportunities. As an equal-opportunity workplace and affirmative-action employer, we celebrate and support a diverse workplace for the benefit of all: our employees, customers and communities.
Responsibilities:
This position is responsible to perform the daily reconciliation of the Federal Reserve Bank and Federal Home Loan Bank cash accounts by working with the Deposit Operations department and branch personnel to ensure reconciling items are being cleared in a timely manner. Additionally this position compiles information to perform the daily Federal Reserve account settlement for the Bank and summarizes the status of all balance sheet account reconciliations on a monthly basis (“proof and aging”).
Perform the daily reconciliation of the Federal Reserve bank account, Federal Reserve deferred account, and Federal Home Loan Bank accounts and work with the Deposit Operations department, branch personnel, BPA personnel and wire room personnel to ensure reconciling items in these accounts are cleared in a timely manner.- Post daily journal entries for daily Federal Reserve account and Federal Home Loan Bank accounts.
- Compile information daily from the Federal Reserve account statement to determine the Bank’s end-of-day cash position and provide this information to individuals authorized to initiate borrowing transactions on behalf of the Company.
- Monitor and update the Bank’s bi-weekly Federal Reserve requirement.
- Review monthly Federal Reserve Bank service charge billing and prepare an analysis that summarizes the types of fees being charged from the Federal Reserve Bank.
- Complete the monthly proof and aging memo that summarizes the aging of each account’s reconciling items by obtaining balance sheet account reconciliations from various departments throughout the Company and ensuring that a reconciliation for each balance sheet general ledger account and cost center has been completed.
- Maintain a listing of all company cash accounts that includes the account name, account number, corresponding general ledger information and authorized check signors. Update authorized signors on an annual basis or as necessary.
- Maintain accounting department disaster recovery contact information listing.
- Prepare annual FDIC survey of deposits.
- Serve as backup for investment accounting desk.
- Maintain proficient knowledge of, and demonstrate ongoing compliance with all laws and regulations applicable to this position, ensure ongoing adherence to pertinent policies, procedures, and internal controls, and meet all job-specific training requirements in a timely fashion.
Qualifications:
- A.A.S. degree in Accounting
- Proficient reading, writing, grammar, and mathematics skills; strong computer skills, including Microsoft Word, Excel and database management
- Strong interpersonal relations and communication skills.
- Minimum of two (2) years experience in a professional level Accounting position.
Hours: 40 hours/week
Compensation: Commensurate with experience plus potential for annual merit increase. In addition to your competitive salary, you will be rewarded benefits including: 11 paid holidays, paid vacation, Medical, Vision & Dental insurance, 401K with generous match, Pension, Tuition Reimbursement, Banking discounts and the list goes on!
Physical Requirements:
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. While performing the duties of this job, the employee may be required to stand, walk or sit. Use hands and fingers, handle or feel, reach with hands or arms, and speak and hear. The employee may occasionally be required to lift and or move up to 25 pounds. Specific vision abilities required by this job include close vision, and the ability to focus.
An Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability.
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