Senior Accounting Officer

Location: Jackson, Mississippi

Title to be determined based on experience and knowledge of candidate with the ability to ascend after satisfactory completion of a set probationary period.

This position is primarily responsible for the management of the Bank’s financial reporting (daily, monthly, quarterly, annually).  The position will assist with financial audits and the monitoring of enterprise financial risk though financial and data analysis.  The individual will work closely with the Chief Financial Officer on the preparation and maintenance of the Bank’s Performance Plan and all financial reports presented to the Board of Directors and its Committees.  This position will also work with the CFO in preparing specific reports to assist the Investment / Asset Liability Management Committee with managing liquidity, interest rate risk, and the Bank’s Investment Portfolio as well as monitoring compliance with various internal policies related to these areas.  The individual will oversee the Accounting Manager and Staff Accountant, including the Payroll and Accounts Payable process.  This position will also serve as backup to the Controller.

Corporate Finance Responsibilities include:

• Working with CFO on perpetual Performance Plan, both monthly and annual, as well as other longer-term financial projections and scenarios.
• Preparation of the quarterly Asset/Liability Committee ALCO package while maintaining ALM policies and procedures.
• Maintain and enhance support documentation for Asset /Liability ALM and Liquidity assumptions based on regulatory changes as needed.
• Ensure the interest risks are properly represented. Proactively identify new/emerging IR risks. Identify potential model or calibration adjustments based on changing balance sheet dynamics, present remediation and supporting documentation.
• Assist in the management, oversight and reporting of the bank’s liquidity position including liquidity ratios, collateral availability, estimated capacity of existing and potential funding sources, liquidity projections, stress liquidity scenarios, funding concentrations, commitment usage, levels, peer comparisons, etc.

Reporting Responsibilities include:

• Prepare the monthly, quarterly, and annual management reports for the Bank and Holding Company.
• Manage in-house ad hoc reporting requests.
• Assist with the quarterly and annual regulatory reports for the bank– call report and summary of deposits.

Corporate Accounting Responsibilities include:

• Manage the completion of assigned month end close activities and prioritize staff assignments to meet timeframes established for month-end, quarter-end and annual closing of the general ledger.
• Responsible for ensuring that reconciliations are accurate, complete and in compliance with GAAP.
• Ensure the fixed assets and prepaid assets subledgers and corresponding general ledger accounts are properly calculated, supported, and reconciled.
• Ensure bonds are accounted for properly in accordance with GAAP.
• Maintain the current and deferred tax calculations for the Bank.

Other Job Responsibilities:

• Ability to understand the connections and impacts of various transactions to operations and other areas of the Bank.
• Assist CFO as needed.
• Develop and maintain healthy, collaborative relationships with cross-functional leaders among varying levels.
• Support the activities of both internal and external auditors throughout the year by providing requested documentation and by using effective communication of critical accounting processes.

Job Specifications:

Ideal candidate will have the following:

• 5+ years experience in bank or public accounting
• Accounting degree preferred
• Experience as a Senior Level or higher Accountant preferred
• Experience with Asset Liability Management a plus
• Supervisor / Management experience

Competencies:

Ideal candidate will have the following:

• Proficient in Microsoft Office (especially Excel) with the ability to learn and utilize new and existing banking and accounting software applications.
• Excellent organizational skills and attention to detail with the ability to manage multiple priorities and meet established deadlines.
• Analytical ability to interpret data and present it in a meaningful and easily understood form while providing recommendations.
• Ability to take initiative in problem solving and use sound judgment to produce practical solutions.
• Strong verbal and written communication skills with the ability to interact with all levels of staff and management.
• Strong knowledge and understanding of accounting concepts/standards, US GAAP.

Physical Demands:

The physical demands described are representative of those that must be met by an associate to successfully perform the essential functions of this job.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.  While performing the duties of this job, the associate is frequently required to stand or sit; kneel, stoop, or squat; use hands or fingers to handle or feel objects, tools, or controls; reach with hands and arms, and talk or hear.  The associate is occasionally required to walk.  The associate must occasionally lift and /or move up to 25 pounds.  Specific vision abilities required by this job include close vision, peripheral vision, depth perception and the ability to focus.

Work Environment:

The Bank’s professional working environment requires associates to communicate effectively, both verbally and in writing. Associates must demonstrate strong interpersonal skills when working closely with internal business partners and external clients. Associates may be exposed to confidential and propriety information within the working environment, therefore, must always uphold confidentiality. Due to the possibility of being exposed to high-risk situations (i.e., robbery), detailed instructions and procedures must be always followed to safeguard the Bank’s associates, clients, and assets.