Arvest Bank · 1 day ago
Staff Accountant 1
Lowell, AR
Full-time
Onsite
New Grad, Entry Level
$53K/yr - $66K/yrArvest Bank is dedicated to serving its customers and communities since 1961. They are seeking a Staff Accountant 1 who will be responsible for various accounting and financial reporting functions, including the preparation and support of financial reports for bank management.
BankingFinanceFinancial Services
Responsibilities
Review local bank, subsidiary and division general ledgers and financial statements for proper accounting and to identify extraordinary items. Communicate significant variances to leadership. Follow-up on all significant variances and extraordinary items and research and correct errors in a timely manner
Maintain fixed asset records for the company by recording additions, disposals, or other changes into the fixed assets software and prepare and record accounting general ledger entries. Work with the tax department to ensure appropriate changes are reflected for tax reporting purposes. Communicate with bank and division associates as needed
Maintain prepaid asset records for the company. Communicate with bank and division associates as needed
Generate, review, and distribute financial and other reports to management including, but not limited to, the financial statement analysis (FSA) reports, monthly board reports, and other management reports. Prepare inputs and review trends and month-to-month changes appearing in the reports prior to issuance. Anticipate possible inquiries from management to provide explanations
Prepare, review, and record assigned monthly income and expense allocations of divisions and subsidiaries of the bank. Prepare the shared services allocation and budget variance reports. Responsible for implementing process changes for the assigned allocations
Process Other Real Estate (ORE) and repossessed asset (Repo) additions, sales, and write-downs for the bank and bank subsidiaries. Ensure that the ORE and Repos are recorded in accordance with Generally Accepted Accounting Principles (GAAP) and regulatory guidelines. When issues are identified, work with Special Assets or the bank to resolve and adjust the ORE value as appropriate. Prepare the ORE roll forward for review by the Accounting Supervisor
Prepare a variety of accounting entries and provide sufficient supporting documentation necessary for timely review and approval
Maintain written standard operating procedures for all assigned functions and processes
Assist in gathering information for requests and inquiries of management, auditors, and or examiners
Understand and comply with proper controls, documentation, company policy and procedures
Understand and comply with bank policy, laws, regulations, and the bank's BSA/AML Program, as applicable to your job duties. This includes but is not limited to; complete compliance training and adhere to internal procedures and controls; report any known violations of compliance policy, laws, or regulations and report any suspicious customer and/or account activity
Qualification
Required
Bachelor's Degree in Accounting, Finance, or a related field of study, or equivalent work or military experience, required
Excellent organizational and analytical skills are required
A general understanding of Generally Accepted Accounting Principles (GAAP) is required
Strong computer skills with solid experience in Microsoft Excel and Word required
Strong written and oral communication skills required
Keen attention to detail and ability to multi-task and prioritize in a fast-paced environment
Preferred
CPA Eligible Candidates With An Accounting Degree Are Preferred
Experience with Oracle EPM and Infor applications preferred
Relevant military experience is considered for veterans and transitioning service members
Benefits
A comprehensive suite of benefits, including a full range of health and life, financial, and wellness benefits
Competitive compensation
Excellent benefits package
Engaged, rewarded for performance, and encouraged to grow professionally and personally
Company
Arvest Bank
Arvest Bank is a community-based financial institution serving more than 110 communities in Arkansas, Kansas, Missouri and Oklahoma.
Founded in 1961
5001-10000 employees
Funding
Current Stage
Late StageLeadership Team
M
Matt Machen
President & COO
Y
Yurik Paroubek
Chief Operating Officer
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