Accounting Analyst

• Title:
  
  Accounting Analyst
• Type:
  Full Time
• Experience:
  
  3-4 Years
• Function:
  Accounting
• Location:
  
  Minneapolis, MN, United States
• Company:
  Choice Bank

Choice Bank offers personalized banking solutions, including business and personal accounts, loans, and digital banking.

The bank is searching for an Accounting Analyst who will be responsible for completing accounting team projects, analyzing and projects for capitalization to provide information to the Accounts Payable and Fixed Asset specialist, detailed review and problem resolution related to the invoicing process for Banking as a Service (BaaS/Fin Tech) arrangements, and tracking contract requirements related to accounting for Fin Tech partners and ensuring invoicing is complete and accurate.

Develop and maintain accounting principles, practices, and procedures related to projects or current work to ensure accurate and timely financial statements.

• High School Diploma (credible)

• Minimum 3 to 4 years of relevant experience with requisite competencies
• Develops and documents procedures and ensures the accuracy of accounting.
• Independently perform analysis of work results and proactively provide suggestions and conclusions.

Accounting Operations-

• Aid in establishing new accounting processes and procedures for new products, investment types, or programs within the Company, such as stock compensation, fair value measurement, or derivatives, within the provided guidelines
• Assist in gathering information requested during internal and external audits.
• Assist the Finance department with complex accounting projects, including responsibility for key deliverables, as needed.
• Assist the Finance team with the chart of accounts maintenance.
• Complete the ongoing accounting for complex accounting processes, if needed, on a temporary or ongoing basis
• Ensure accounting is completed timely, accurately, and completely for the IT project capitalization
• Ensure an accurate and timely monthly, quarterly, and year-end close for areas of responsibility.
• Identify test plans and perform testing of software changes/updates, if needed.
• Prepare accurate and detailed reconciliations with supporting documentation on regular cadences.
• Prepare schedules for external financial reporting for areas of responsibility.
• Responsible for the accounting for complex areas, including deferred compensation plans and mortgage servicing rights
• Responsible for the implementation of new accounting standards, when assigned, to ensure efficiency, integrity, and compliance.
• Support non-bank business units –Wealth Management, BaaS, etc.
• Support the design and execution of effective internal controls in the Finance group, including identifying the need for additional controls in new Finance processes
• Support the Finance team with special projects and workflow process improvements

Fin Tech/Banking as a Service (BaaS) Support-

• Develop relationships with Fin Tech and any other BaaS teams.
• Develops, maintains, and strengthens partnerships with others inside and outside the company so it’s possible to provide information, assistance, and direction effectively
• Oversee Finance collaboration with Fin Tech/BaaS and Operations teams to onboard new partners, assist in work needed to set up partners with new invoicing procedures, and establish monitoring per contract terms for changes through the life of the contract.
• Responsible for daily reconciliation of BaaS programs, including but not limited to comprehension and application of funds flows, evaluating the effectiveness of matching logic and updating as needed, monitoring and managing reconciliation exceptions, and escalating any issues when appropriate.
• Responsible for the accurate and…