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Accountant (Hybrid)

Company: First Citizens Bank
Location: Durham
Posted on: May 8, 2024

Job Description:

Overview: This position is responsible for the advanced preparation, analysis, and review of financial statements utilizing accounting principles. Leads reporting, analysis, and reconcilement efforts within accounting activities. Evaluates the output and workflow of assigned team, including advanced oversight of aging and exceptions and leading resolution efforts. Develops updates and enhancements to maximize efficiencies and accuracy. Supports special initiatives and audits through accounting expertise and facilitates period-end processes to assist management in closing the books. Provides training and oversight to less experienced associates in the work group. Responsibilities:

  • Accounting - Analyzes financial statements, data, and complex accounting activities. Leads the research and resolution of accounting issues, questions, and standards. Maintains and enters information into the general ledger. Plans and coordinates month-end close activities. Provides accounting and technical support to financial systems that includes upgrades, testing, and troubleshooting.
  • Systems Support - Assists with system changes and testing including upgrades, troubleshooting, and new system searches. Assists others to ensure that the financial platforms are functioning properly to support month-end close, external and internal reporting requirements.
  • Reconcilement - Assists in the identification and resolution of exceptions, discrepancies, and variances encountered in different applications. Conducts training sessions to educate on reconcilement methods and issues. Reviews reconcilement output of work group for accuracy and compliance.
  • Reporting - Prepares complex reports and journal entries that project the Bank's financial position. Identifies and explains variances on a monthly, quarterly, and annual basis. Develops additional reporting requirements as needed.
  • Accounting Expert - Utilizes expertise and ongoing research to maintain accounting policies and controls for the work group. Demonstrates a deep understanding of current accounting principles, regulations, and systems, and develops additional line-of-business knowledge. Participates in departmental efforts related to audits and research, and acts as an accounting resource to special projects such as acquisitions and conversions.
  • Peer Leadership - Assists management in the onboarding and training of new employees. Mentors less experienced associates, including review of daily output and coaching on accounting issues. Qualifications:
    Bachelor's Degree and 4 years of experience in Accounting, Audit, or Financial Analysis OR High School Diploma or GED and 8 years of experience in Accounting, Audit, or Financial Analysis
    Preferred Education: Advanced Degree
    License or Certification Type: Certified Public Accountant Preferred
    Skill(s): Strong understanding of Sarbanes-Oxley (SOX) and Generally Accepted Accounting Principles (GAAP), Strong analytical skills, attention to detail, and self-motivated problem solver Preferred Qualifications: Role is specific to Fixed Assets and Real Estate Lease Accounting. It is preferred to have knowledge in ASC 842. Lease Accounting roles include the review of applicable lease accounting data on a lease, lease classification, and the generation and review of the accounting schedules on a lease. For Fixed Assets, maintain perpetual inventory records in the fixed asset management system by gathering data, completing required forms/logs, and entering, deleting, and correcting inventory records. Review, understand, and apply the Banks Capitalization and Prepaid Asset Standards.

Keywords: First Citizens Bank, Durham , Accountant (Hybrid), Accounting, Auditing , Durham, North Carolina

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