OceanFirst Bank · 2 weeks ago
Senior Accountant Investments & General Accounting
Red Bank, NJ
Full-time
Onsite
Senior LevelOceanFirst Bank is committed to delivering value to its customers and recognizes the importance of its employees in achieving success. The Senior Accountant position is primarily responsible for accounting for the Company's investment securities and loan accounting, maintaining the general ledger, and preparing regulatory reports.
BankingFinanceFinancial Services
Responsibilities
Responsible for the accounting for the purchase, sale, call, and maturity of the bank's MBS, Corporate, Muni, and U.S. Government securities utilizing its investment portfolio accounting system
Assists in the monitoring of loan related balance sheet and income statement balances and compliance with generally accepted accounting principles and relevant regulations
Prepares monthly adjusting entries and analysis related to the Bank's Loan Portfolio, which includes but is not limited to the sale or contribution of loans to the Bank's REIT Subsidiary
Responsible for the accounting for principal and interest (P&I) payments received, the monthly accrual of interest and the amortization/accretion of discounts/premiums on the securities portfolio
Obtains monthly pricing of the investment securities and performing the associated mark-to-market accounting entries
Boards all new securities on the portfolio accounting system, ensuring the necessary general ledger mapping for entries is correct, and maintaining the necessary pledge, regulatory and SEC coding for reporting purposes
Boards all new debt issuances, ensuring the necessary general ledger mapping for entries is correct, and accounting for monthly interest expense accruals and quarterly payments of principal and/or interest
Prepares daily, monthly and quarterly bank, general ledger and custodial reconciliations
Responsible for quarterly SOX control testing of P&I paydown factors, interest and amortization/accretion amounts, and quarterly investment securities roll forward
Maintains the general ledger for the Bank's investment securities and loan general ledger accounts including the preparation of journal entries, bank and general ledger account reconciliations, recording intercompany transactions and the associated eliminations, and analyzes balance sheet and income/expense trends as necessary
Monitors, on a daily basis, intercompany balance sheet and income statement balances, identifying, documenting and correcting differences
Assists in the preparation of monthly loan reports which are distributed throughout the Bank and used for ALCO, budgeting and strategic planning purposes
Assists in researching new or revised accounting and regulatory reporting changes, understanding the impact to the Bank and recommending appropriate changes
Assists the internal and external auditors by facilitating their quarterly review and year-end audit procedures
Assists in the preparation of weekly, quarterly and annual regulatory reports including the Call Report (FFIEC-041), FR2900, FR2644, FRY-9LP, FRY-9C, FRY-10, FRY-6, U.S. Census Department, HUD reports and other public filings
Provides back-up support for other senior accountants in the accounting department
Qualification
Required
Motivated individual who is eager to learn and grow professionally
Responsible for accounting for the Company's investment securities, borrowings portfolio, and loan accounting
Maintains the general ledger for several associated subsidiaries
Prepares monthly investment and loan account reconciliations
Analyzes balance sheet and income statement variances and trends
Assists with the preparation and submission of weekly, quarterly and annual regulatory/external reports
Responsible for the accounting for the purchase, sale, call, and maturity of the bank's MBS, Corporate, Muni, and U.S. Government securities utilizing its investment portfolio accounting system
Assists in the monitoring of loan related balance sheet and income statement balances and compliance with generally accepted accounting principles and relevant regulations
Prepares monthly adjusting entries and analysis related to the Bank's Loan Portfolio
Responsible for the accounting for principal and interest (P&I) payments received
Obtains monthly pricing of the investment securities and performing the associated mark-to-market accounting entries
Boards all new securities on the portfolio accounting system
Boards all new debt issuances
Prepares daily, monthly and quarterly bank, general ledger and custodial reconciliations
Responsible for quarterly SOX control testing of P&I paydown factors, interest and amortization/accretion amounts, and quarterly investment securities roll forward
Maintains the general ledger for the Bank's investment securities and loan general ledger accounts
Monitors, on a daily basis, intercompany balance sheet and income statement balances
Assists in the preparation of monthly loan reports
Assists in researching new or revised accounting and regulatory reporting changes
Assists the internal and external auditors by facilitating their quarterly review and year-end audit procedures
Assists in the preparation of weekly, quarterly and annual regulatory reports
Provides back-up support for other senior accountants in the accounting department
Benefits
On-site fitness facility at Red Bank and Toms River headquarter offices
Employee perks & discount programs
Tuition assistance
Incentive compensation program
Professional development opportunities
Company
OceanFirst Bank
OceanFirst Bank is one of the largest regional banks providing financial services throughout New Jersey and in the metropolitan markets of Philadelphia, New York, Baltimore, and Boston.
Founded in 1902
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Linda Blakaitis
Vice President, Asst. Corp. Secty, Executive Asst. to CEO & Chairman
Joseph J. Lebel III
President and Chief Operating Officer
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