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Job Type
Full-time
Description
When you work at First Federal Lakewood, you’ll work with a mutual bank that shares a commitment to customers, community and each other. Our differences bring inclusion to life at First Federal Lakewood and our commitment to diversity is our commitment to you, our customers and our communities. We seek and respect diverse creativity to build new ideas and add to our rich heritage. Our employees are valued, respected and their voices are heard. The Accountant is responsible for the preparation of financial reports and supporting documents as well as assisting their Manager with regulatory, managerial, real estate owned, profitability, investor reporting and budgeting activities.
Requirements
Duties and Responsibilities:Understands the business, financials, industry, customers and strategy.Assist with the month, quarter and year-end close; prepares the footnotes to the annual report and all required disclosures.Maintains accounting models used for significant financial estimates. Develops and maintains proper controls for safeguarding assets and accurate reporting of financial position and performance; participates in internal control meetings and discussions; ensures two-party control, FIDICIA and COSO compliance.Responds to questions in absence of their Manager.Maintains knowledge and capabilities of banking core systems and systems of profitability.Facilitates with department managers to develop a budget and forecasting; reports budgeting to senior management. Works with internal audit and compliance to ensure accounting department is in compliance. Keeps up-to-date with current financial reporting and accounting procedures and regulations. Completes various projects and accounting duties such as time studies for accounting estimates, derivative accounting, and 401K reporting, etc.Maintains real estate owned portfolio including general ledger entries, expenses, refunds, sales, and income taxes.Reconciles general ledger accounts and tracks and reviews reconciliations for all departments.Establishes and maintains systems of investor reporting for service retained loans; reviews all sold loans and proper coding; evaluates and approves all sold loan remittance reports to agencies and investors for accuracy prior to transmitting funds; ensures timely remittance to investors via their cash remittance systems or wire transfer; reconciles custodial demand deposit accounts; and stays current with current investor remittance reporting regulatory requirements.Other duties as required.Necessary competencies:ResilienceCommunicationService OrientationInterpersonal AwarenessBusiness AcumenDecisivenessLeads Courageously Organizational SkillsAttention to DevelopmentTechnical ExpertiseExperience in Accounting in financial services or banking is preferredExperience in banking/lending laws, regulations or guidelines is preferred.Experience in using financial reporting systems is required.Experience in mortgage lending is preferred.Proficiency in MS Office [Outlook, Excel, Word] or similar software is required. Encompass, Cleartouch, OnBase, various government and investor software/web portals is preferred.Education and ExperienceEducation: Bachelor’s degree in Accounting or Finance is required or equivalent experience, Master’s degree is preferred, or equivalent experience.Years of experience: 3 to 5 years is required.Years of experience supervising: NonePhysical EnvironmentWhile performing the duties of this job, the employee is regularly required to lift, walk, stand, sit, bend, reach with hands and arms, climb, push/pull, use hands, and see, hear and speak.The employee must occasionally lift and/or move up to 25 pounds.The noise level in the work environment is usually quiet to moderate.This position is performed in an office setting, five days a week with typical work hours being 8.30a through 5.15p.
