FINANCIAL ANALYST
Company: Baycoast Bank
Location: Swansea
Posted on: May 9, 2022
|
|
Job Description:
FUNCTION: Under the general direction of the Senior Financial
Analyst, the Financial Analyst position is within the Finance
Department. Performing a variety of tasks to review, verify, and
ensure the accuracy of the Bank and Subsidiaries' accounting
records and/or a variety of tasks in the finance, cash management,
and investment areas. RESPONSIBILITIES:Acts as backup for the Cash
Management function to include monitoring the Federal Reserve and
correspondent bank accounts, reviewing and verifying wire transfers
and cash orders, responding to internal and external wire
inquiries, preparing daily cash management reports and general
ledger entries, scanning and indexing work daily. As well as
monitoring WITS, answering any system related questions and acting
as support staff for the branches and internal departments.
Performs other cash management and clerical functions, as assigned
or required.Prepares monthly correspondent bank analyses and
Federal Reserve charge analysis to ensure accuracy of charges and
to calculate proper balance to maintain in order to minimize hard
dollar charges. Prepares general ledger entries to allocate charges
appropriately. Prepares monthly and quarterly reports to the
Executive Committee, Board of Directors and Asset-Liability
Committee.Performs all daily and monthly investment and borrowing
accounting entries relating to Bank and Subsidiaries including
monthly closing entries for Clearwater Analytics.Prepares data file
for Clearwater Analytics as needed to record investment activity
for securities that are not held at Northern Trust. Monitors
monthly payments on CRA loans, principal and interest payments at
the Federal Reserve, interest payments on subordinated debt, as
well as FHLB dividends and capital stock purchases or sales.
Ensures accuracy in reporting and posting.Prepares investment
purchase and sale packages as trades are executed. Maintains
investment trade log, creates Bloomberg trade ticket and researches
investments to prepare cover sheets and due diligence. Reviews each
trade in Clearwater Analytics for accuracy. Works with the bank's
brokers to ensure accurate delivery of securities. Maintains both
physical and digital files for the Bank and Subsidiaries'
investment portfolios.Prepares monthly general ledger
reconciliations for borrowings, investments and derivatives for the
Bank and Subsidiaries. Prepares deposit pricing package and cash
items report weekly.Reviews monthly mutual fund statements from
Plimoth Investment Advisors. Prepares internal analysis to ensure
accurate reporting between Plimoth and Clearwater Analytics.Reviews
dividends, investment market values, amortization and accretion and
recalculates investment accruals in accordance with FDICIA
controls.Responsible for maintaining updated procedures for
Investments and Cash Management.Responsible for training new cash
management staff on the cash management function, WITS and weekly
Deposit Pricing.Assists with preparation of the FHLB Qualified
Collateral Report (QCR), Liquidity Stress Testing and the Federal
Reserve Borrower in Custody (BIC) collateral submissions.Embraces
the Bank's commitment to Solutions by seeking and recognizing
opportunities to refer new business to different areas of the Bank,
Partners Insurance Group, Plimoth Investment Advisors, BayCoast
Mortgage Company and Priority Funding.Assumes additional
responsibilities as requested.Knowledge/Skills/Experience
Requirements:Accounting degree or equivalent preferredAccounting
and banking experienceGood working knowledge of computersKnowledge
of ExcelKnowledge of Oracle Financial. Not RequiredExcellent
written and verbal communication skillsKey Competencies:Attention
to detail and accuracyPlanning and organizing Strong communication
skillsInformation and task monitoring Problem analysis Judgment and
problem solving Stress tolerance
Keywords: Baycoast Bank, Fall River , FINANCIAL ANALYST, Professions , Swansea, Massachusetts
Click
here to apply!
|