Job Description

General Ledger Accountant

Performs the daily updating of the Bank's General Ledger system and ensures that all entries, manual and automated, are included in the daily posting. Understands how the Bank's financial instruments, including derivatives, investments, advances and bonds, affect the financial statements and ensures that the accounting is correct. Distributes the general ledger reports to the various departments and ensures the posting of the "final" daily report on the Bank's Intranet. Responsible for the mortgage-back securities, derivatives, operational accounts and Affordable Housing Program accounting reconciliations.

Essential Functions:

• Performs the daily balancing and report distribution of the automated General Ledger system to include posting the Daily Report on the Bank's Intranet.
• Reviews the clearing account entries in the daily general ledger processing and ensures that entries moved to the various suspense accounts are re-classed promptly to the correct general ledger account.
• Monitors the monthly pay downs of principal and interest for all mortgage-backed securities, oversees the submission of claims for differences or nonpayment, and prepares a reconciliation at end of month to reflect outstanding amounts.
• Reconciles the swap suspense account daily.
• Reconciles the derivative accounts daily (notional swap balance, Interest receivable and payable).
• Prepares the monthly reconciliation of the Letters of Credit fee account.
• Prepares the spreadsheet to support the entry for deferred Letters of Credit fees monthly.
• Performs or provides backup for other accounting staff.
• Performs the accounting functions related to the Affordable Housing Program and all related reconciliations.
• Reconciles operational accounts to the general ledger including Demand Deposits, Custodial Mortgage and the Federal Reserve.
• Recalculates interest on deposits for accuracy.
• Prepares and enters manual correcting and closing journals into the general ledger.

Knowledge, Skills, Abilities:

• In depth knowledge and experience of financial management, including mortgage-backed securities and derivative financial instruments is required.
• Must possess strong analytical skills and the ability to understand, create, and analyze complex and often technical financial accounting and business concepts and information.
• Must possess problem-solving skills and work with minimal supervision.
• Must possess adequate personal computer skills in using Microsoft Office products.
• Must possess good verbal and written communication skills.
• Must possess a working knowledge of the Workday financial platform

Minimum Requirements

A bachelor's degree in accounting, three to five years accounting work experience and a working knowledge of automated systems, or the equivalent combination of education and experience is necessary. Certified Public Accounting candidate preferred.

Work Location: This individual must reside within commuting distance from our Atlanta, GA office. This position may not be filled in New Jersey, either in-person or remotely.

Work Schedule: Onsite with an opportunity to work remote partially.

Visa Sponsorship: Applicants must be authorized to work for ANY employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time.

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