Senior Accountant Investments & General Accounting

Senior Accountant – Investments & General Accounting

At Ocean First Bank, each employee plays an important role in delivering value to our customers.

Great benefits include on-site fitness facilities, employee perks & discount programs, tuition assistance, incentive compensation program, professional development opportunities, and more!

Looking for a motivated individual who is eager to learn and grow professionally.

The Senior Accountant – Investments & General Accounting position is primarily responsible for accounting for the company's investment securities, borrowings portfolio, and loan accounting. The position maintains the general ledger for several associated subsidiaries and prepares monthly investment and loan account reconciliations. This position also analyzes balance sheet and income statement variances and trends and assists with the preparation and submission of weekly, quarterly, and annual regulatory/external reports.

• Responsible for the accounting for the purchase, sale, call, and maturity of the bank's MBS, Corporate, Muni, and U.S. Government securities utilizing its investment portfolio accounting system.
• Assists in the monitoring of loan related balance sheet and income statement balances and compliance with generally accepted accounting principles and relevant regulations.
• Prepares monthly adjusting entries and analysis related to the Bank's Loan Portfolio, which includes but is not limited to the sale or contribution of loans to the Bank's REIT Subsidiary.
• Responsible for the accounting for principal and interest (P&I) payments received, the monthly accrual of interest and the amortization/accretion of discounts/premiums on the securities portfolio.
• Obtains monthly pricing of the investment securities and performing the associated mark-to-market accounting entries.
• Boards all new securities on the portfolio accounting system, ensuring the necessary general ledger mapping for entries is correct, and maintaining the necessary pledge, regulatory and SEC coding for reporting purposes.
• Boards all new debt issuances, ensuring the necessary general ledger mapping for entries is correct, and accounting for monthly interest expense accruals and quarterly payments of principal and/or interest.
• Prepares daily, monthly and quarterly bank, general ledger and custodial reconciliations.
• Responsible for quarterly SOX control testing of P&I paydown factors, interest and amortization/accretion amounts, and quarterly investment securities roll forward.
• Maintains the general ledger for the Bank's investment securities and loan general ledger accounts including the preparation of journal entries, bank and general ledger account reconciliations, recording intercompany transactions and the associated eliminations, and analyzes balance sheet and income/expense trends as necessary.
• Monitors, on a daily basis, intercompany balance sheet and income statement balances, identifying, documenting and correcting differences.
• Assists in the preparation of monthly loan reports which are distributed throughout the Bank and used for ALCO, budgeting and strategic planning purposes.
• Assists in researching new or revised accounting and regulatory reporting changes, understanding the impact to the Bank and recommending appropriate changes.
• Assists the internal and external auditors by facilitating their quarterly review and year-end audit procedures.
• Assists in the preparation of weekly, quarterly and annual regulatory reports including the Call Report (FFIEC-041), FR2900, FR2644, FRY-9LP, FRY-9C, FRY-10, FRY-6, U.S. Census Department, HUD reports and other public filings.
• Provides back-up support for other senior accountants in the accounting department.

Mid-Senior level

Full-time

Accounting/Auditing and Finance

Banking