Accounting Manager

Position Summary

This position is primarily responsible for assisting the Assistant Corporate Controller in managing the day-to‑day accounting activities of the department. The Accounting Manager will assist in managing accounting staff and the daily accounting entries needed to be made into the general ledger and related reconciliations. A key area of responsibility will be monitoring and reconciling the Bank’s cash accounts, including the Federal Reserve account that is the primary operational account for the Bank.

The Accounting Manager will also have responsibility for the preparation of certain complex account reconciliations and will be the primary reviewer of reconciliations prepared by accounting staff. The Accounting Manager will also assist in the month‑end close process, journal entry review and approval, various monthly and quarterly financial reporting, ad hoc accounting and general ledger research, and other general accounting responsibilities.

The Accounting Manager is also the primary point of contact in Accounting for general ledger maintenance.

• Monitor balances in the Federal Reserve account and other cash accounts to ensure proper liquidity and funding.
• Review and approve wires to support accounting and treasury activities.
• Perform daily and monthly due from banks and official check account reconciliations and research and resolve reconciling items in a timely manner.
• Perform daily sub‑ledger and GL non‑post reconciliations ensuring that variances are resolved in a timely manner.
• Manage the accounting for and reconciliation of the investments portfolio.
• Manage the accounting for and reconciliation of the lease portfolio.
• Calculate share‑based compensation activity adjusting monthly accruals and miscellaneous journal entries and related activities.
• Prepare the monthly loan and deposit sub‑ledger reconciliations to the general ledger and research and resolve any variances.
• Prepare and file Public Funds monthly and quarterly reports with Treasury Department of State of Virginia.
• Prepare and file the quarterly Y‑8 with the Federal Reserve.
• Perform general ledger system maintenance, including account set up, changes and closure.
• Manage staff accounting team members, providing guidance and support to assist in their success.
• Regular, reliable, and predictable attendance.

• Assist in preparation of the monthly Board reporting packages, including financial statements and EPS calculation.
• Assist in the research and documentation of accounting matters.
• Responsible for assisting auditors, to include but not limited to, providing requested documentation and follow–up on outstanding audit issues.
• Assist management in maintaining effective internal controls over accounting activities, thereby supporting related Sarbanes‑Oxley (SOX) compliance.
• Provide backup support for the accounts payable function by adding vendors to the system.
• Maintain compliance with and adhere to all state and federal regulations and Bank policies and procedures, including, but not limited to Bank Secrecy Act, SAR, CTR, FACT ACT, Community Reinvestment Act, EEO, and fair employment practices.
• All other duties as assigned.

• Bachelor’s degree in finance or accounting required.
• Minimum of five to seven years of applicable work experience in accounting or auditing.
• CPA licensed or CPA candidate highly preferred.
• Experience managing accounting staff highly preferred.
• Work experience in a bank or financial services firm preferred.

• Strong comprehension of operational accounting concepts.
• Strong problem‑solving and analytical skills; ability to research, evaluate, analyze and implement alternative solutions.
• Ability to think creatively to analyze and solve problems, exercise judgment and work independently with minimal supervision.
• Strong organizational skills and ability to effectively multi‑task, work under pressure and meet tight deadlines.
• Excellent written and oral communication skills and comfort working across the Bank’s departments, with auditors, and outside vendors.
• Excellent computer skills relevant to Microsoft Office Suites (i.e.…