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Courier Capital · 1 day ago

Accounting Specialist

Rochester, NY

Full-time

Hybrid

Mid Level

$62K/yr - $70K/yr

3+ years exp

Courier Capital is seeking an Accounting Specialist responsible for the oversight of incentive and commission programs. This role involves ensuring the integrity of incentive plans, managing payroll and benefits accounting activities, and collaborating with various departments to maintain compliance and accuracy in financial reporting.

BankingFinancial ServicesVenture Capital

Responsibilities

Calculate incentive and commission payments in accordance with approved plan specifications and documented procedures. Partner closely with lines of business and the Human Resources Department to ensure the accuracy and integrity of data and reports used in determining incentive and commission payments, and to support the implementation of required plan changes. Research data discrepancies and validate calculation results

Monitor, review, and prepare required accrual entries as part of the monthly financial close process. Submit accurate and timely payment information to the Payroll Department in accordance with established deadlines

Monitor, review, and adjust accruals for self-insured health and dental plans on a quarterly basis, or more frequently as needed. Maintain clear documentation and supporting evidence to substantiate period-end liabilities related to these plans

Monitor payroll- and benefits-related general ledger and demand accounts to ensure appropriate funding levels. Prepare and process benefits claims reimbursements for both employer- and employee-funded plans, ensuring accurate expense recognition and timely reimbursement

Partner with Human Resources to record accruals for payroll-related activities in the appropriate accounting periods, including but not limited to signing bonuses, disability payments, health savings account contributions, incentive bonuses, and restricted stock award vesting

Track and report personal income-related incentive benefits, including company vehicles and country club dues, in accordance with reporting requirements

Prepare and maintain reconciliations for various balance sheet accounts, ensuring reconciling items are appropriate, supported, and resolved within documented clearing timeframes. Maintain reconciliation documentation and procedures within the account reconciliation software

Assist with the investigation, analysis, and resolution of accounting matters arising from inquiries, new product implementations, and non-routine or complex transactions

Administer all corporate card programs for the organization, including card issuance, monitoring, compliance oversight, and issue resolution

Maintain lease accounting records using approved third-party software. Perform monthly processes to record and reconcile lease-related general ledger entries, provide lease payment details to Accounts Payable for timely processing, and monitor new leases, renewals, expirations, and related accounting impacts

Record and reconcile non-bank subsidiary fee-based revenue and incentive compensation expense in an accurate and timely manner. Identify and recommend enhancements to general ledger structures or processes to ensure a strong control environment and compliance with U.S. GAAP

Record transactions and reconcile limited partnership activity, including contributions, distributions, and returns of capital, and assist with the preparation of quarterly regulatory reporting for limited partnerships (FR Y-12)

Perform additional duties as assigned, including serving as backup support for the Senior Accounting Specialist

Demonstrate the standards and principles of the Five Star Bank experience in every interaction with internal and external customers, associates, and stakeholders. Incorporate the high-performance behaviors of teamwork, leading by example, and service in every facet of work

Qualification

Accounting principlesGAAPMicrosoft ExcelAnalytical skillsOrganizational skillsCommunication skillsProblem-solvingAttention to detail

Required

Education: Bachelor's Degree in Accounting, Finance, Business, or related field

Education: Associate's Degree in Accounting, Finance, Business or related field

Prior Experience: 3+ years of Accounting or related banking experience

Proficiency in Microsoft Office applications, particularly Excel, with the ability to quickly learn and effectively use new and existing banking and accounting software systems

Strong organizational skills with the ability to manage multiple priorities, meet established deadlines, and maintain a high level of attention to detail to ensure accuracy

Demonstrated analytical skills with the ability to interpret data, present information in a clear and meaningful manner, and provide well-supported recommendations

Ability to take initiative in problem-solving, exercise sound judgment, and develop practical, effective solutions

Excellent verbal and written communication skills, with the ability to communicate effectively with employees and management at all levels of the organization

Strong knowledge and understanding of accounting principles and standards, including GAAP

Able to regularly sit for prolonged periods of time

Able to regularly stand for prolonged periods of time

Able to travel: occasionally

Extensive computer usage is required

Ability to work: Evenings + Occasionally

Ability to work: Weekends + Occasionally