Accountant II, Bank Reconciliation
Accountant II, Bank Reconciliation Summary PenFed is hiring an Accountant II, Bank Reconciliation in our Alexandria, Virginia location. The primary purpose of this job is to perform accounting activities related to maintenance of bank reconciliations and corresponding General Ledger accounts and analysis of related activities resulting in managerial reports and financial statements. The position will assist in the implementation of automated financial systems and the development of accounting requirements for bank Reconciliation impact of new products and services- particularly in the areas of branch and cash on hand accounts Essential Functions Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. This is not intended to be an all-inclusive list of job duties and the position will perform other duties as assigned. Prepare daily, weekly and monthly general ledger entries to support the bank activity and reconciliation process. Reconcile general ledger bank account activity for assigned accounts, research discrepancies and prepare and or correct journal entries in the general ledger. Reconcile branch and third-party vaults to Federal Reserve and foreign currency reports and branch totals. Research and clear bank reconciliation items when operationally necessary. Review and process requests for stop payments and loan check cancelations. Balance branch reported official check activity to bank account balance, research discrepancies and work with branches to process corrections. Analyze assigned accounts to prepare monthly accrual entries, as needed or assigned. Provide recommendations for improving current balancing and reconciling procedures Assist the operations staff when necessary to facilitate accurate reporting of daily operational information to Accounting Assist in departmental projects as required including activity reporting, special studies and analyses. Maintain and update periodic procedures and processes. Assists in preparing other assigned monthly GL reconciliations and review schedules. Education and Experience Equivalent combination of education and experience is considered. Bachelor's Degree in Business, Finance, Accounting or a related field is required and/or accounting/General Accounting certifications or direct bank reconciliation experience in an automated scenario. Minimum of two (2) years' of experience in accounting and bank reconciliation activities is required. The ability to cross train on all functions of the bank reconciliation team and act as backup as needed. Supervisory Responsibility This position will not supervise employees. Licenses and Certifications CPA or CPA candidate preferred. Work Environment While performing the duties of this job, the employee is regularly exposed to an indoor office setting with moderate noise. *Most roles require working in an office setting with moderate noise and the ability to lift 25 pounds.* Travel Limited travel to various worksites is required. About Us Established in 1935, PenFed today is one of the country's strongest and most stable financial institutions with over 1.6 million members and over $23 billion in assets. We serve members in all 50 states and the District of Columbia, as well as in Guam, Puerto Rico, Okinawa, and Portugal. We are federally insured by NCUA and we are an Equal Housing Lender. We are available to members worldwide, via the web, seven days a week, twenty-four hours a day. Our mission isn't simply to help our members get by. We exist to help them realize every ounce of their potential. We exist to educate, and to encourage. We exist to usher their dreams into the land of reality. We provide our employees with a lucrative benefits package including robust medical, dental and vision plan options, plenty of paid time off, 401k with employer match, on-site fitness facilities at our larger locations, and more. Equal Employment Opportunity PenFed will maintain and observe personnel policies which will prohibit discrimination or harassment against a person because of race, color, creed, age, sex, gender, religion, national origin, ancestry, genetic information, military or veteran status or obligation, the presence of a physical and/or mental disability and all other statuses protected by applicable state or local law in all recruiting, hiring, training, compensation, overtime, position classifications, work assignments, facilities, promotions, transfers, employee treatment, and in all other terms and conditions of employment. PenFed will also prohibit retaliation against individuals for raising a complaint of discrimination or harassment or participating in an investigation of same. PenFed will also reasonably accommodate qualified individuals with a disability so that they can apply for a job or perform the essential functions of a job unless doing so causes a direct threat to these individuals or others in the workplace and the threat cannot be eliminated by reasonable accommodation or if the accommodation creates an undue hardship to PenFed. Contact human resources (HR) with any questions or requests for accommodation at 703-838-1568.