Accounting Analyst I

Position Summary

The Accounting Analyst I supports the Bank's accounting, financial reporting, and internal control functions through the preparation of journal entries, account reconciliations, financial analyses, and regulatory reporting. This role works closely with accounting systems and reporting platforms to support month-end close, budgeting, financial reporting, and compliance with Internal Control over Financial Reporting (ICFR) requirements. The position provides exposure to multiple banking and financial systems and offers opportunities for professional growth within the Accounting Department.

Essential Job Functions

• Prepare and record general ledger journal entries on a daily, monthly, and as-needed basis, including entries related to prepaids, payables, receivables, accruals, leases, and other accounting activities.
• Perform reconciliations of general ledger accounts and internal deposit (DDA) accounts, researching and resolving outstanding items in a timely manner.
• Prepare and record departmental allocations and related journal entries, including the development and distribution of cost center-level financial reporting.
• Support month-end and year-end close activities.
• Assist in the preparation of monthly financial reporting packages for senior management and the Board of Directors, including financial statements, variance analyses, profitability reporting, and net interest margin analysis.
• Assist in the preparation of assigned schedules and supporting documentation for regulatory filings, including reports submitted to the Federal Reserve, FDIC, and SEC.
• Prepare ad hoc reports and financial analyses as requested by management.
• Perform tracking and validation of various powersport loan promotional programs
• Ensure compliance with internal policies and regulatory requirements.
• Develop and maintain a working knowledge of banking operations, accounting principles, financial reporting requirements, internal controls, and industry practices to assume increasing responsibilities and support professional growth.
• Participate in special projects, process improvement initiatives, and other departmental assignments as requested.

Additional Job Functions

• Assist with the compilation and organization of documentation, schedules, and supporting materials for internal and external audits.
• Provide support for budget reporting activities, including the preparation of various supporting schedules and related analyses.
• Cross-train in Accounting Department functions and provide backup coverage for critical processes performed by other Accounting team members.
• Verify and reconcile third-party transaction postings, export files, and settlement activity as assigned.
• Prepare ad hoc project tracking and management reports for senior management as requested.
• Serve as a backup resource for vendor setup and vendor maintenance activities within BankTel.
• Participate in special projects and process improvement initiatives as assigned.
• Perform other duties and responsibilities as assigned.

Minimum Requirements

Education & Experience

Bachelor's degree in Accounting; or Associate degree and at least two years of accounting experience; or equivalent combination of education and experience.

Competencies

• Basic understanding of accounting principles, financial reporting, and ICFR.
• Proficiency in Microsoft Excel and Word.
• Strong analytical, organizational, problem-solving, and communication skills.
• Ability to manage multiple priorities and meet deadlines.
• Experience with or willingness to learn banking and financial reporting systems.

Preferred, but not required

• Prior experience in banking, financial services, or a regulated industry.
• Exposure to ICFR, audit support activities, or regulatory reporting.
• Experience using Jack Henry SilverLake, BlackLine, and or BankTel.

Location Details

This position is considered a hybrid role. With management approval, an incumbent may work a combination of remote and onsite work to perform the regular responsibilities of the role. Actual schedule requirements may vary based upon business needs.

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Compensation & Benefits

Base pay: $52,500-$65,500

Old Second is committed to fair and equitable pay practices. Pay is dependent upon the pay range and the incumbent’s knowledge, skills and experience.

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