Middletown, Connecticut
Accounting Specialist Job Opening in Middletown, Connecticut - Position Summary:
Responsible for providing accounting and clerical support to Accounting Department personnel. Maintains accounting document files, including daily work and accounts payable. Keys daily worksheets to the general ledger system. Prints accounts payable checks and inserts them into appropriate envelopes for mailing. Assists accounting personnel as requested.
Essential Functions:
Retrieves daily dividend checks and funds check clearing account.
Uploads and balances official checks and money orders into check reconciliation software daily.
Place stop payments and voids on outstanding official checks and money orders
Prepare daily journal entries for the Federal Reserve account, corporate account, and subsidiary corporate account and posts to proper general ledger accounts
Posts adjusting journal entries, as needed, by various departments.
Performs daily ATM and Interactive Teller Machines reconciliation for all terminals. Identifies, researches, and adjusts discrepancies.
Effectively initiates and verifies outgoing domestic and international wire transfers, checks Federal Reserve and corporate account for incoming wires throughout the day, fills out form, and works with front line staff to post to members? accounts.
Effectively process accounts payable transactions weekly. Maintains records within AP software, communicates with vendors, scans and files invoices. Follows compliance procedures and sends W-9 forms to new vendors. Sends yearly 1099 forms to individuals and LLC?s.
Retrieves Check Audit Deposit report and balances member daily deposits
Performs daily reconciliation on settlement and suspense accounts which include ACH, Share Drafts, wires, shared branching, and CUDL.
Assists with processing monthly prepaid and accrued expense transactions
Receive and balance daily plastic settlement reports
Assists with completion of month-end financial statements
Prepares monthly balance sheet account reconciliations
Prepares quarterly Federal Reserve Report of Transaction Accounts, Other Deposits, and Vault Cash (FRQ2900)
Process weekly payrolls through Core System for several member organizations
Creates fixed asset and prepaid sub accounts
Assists department in ad hoc functions as needed.
Keeps Manager informed of activities and of any significant problems.
Ensures proper maintenance, cleanliness, and security of work area, desks, equipment, etc.
Exemplifies Core Values, Vision, Mission and Service Promises
Maximizes technological efficiencies within area of responsibility
Support the credit union's sales and service culture through behaviors
Secondary Functions:
Backup ACH duties as follows:
Posts and returns ACH exception entries diligently with proper NACHA return codes. Adheres to deadlines imposed by NACHA and Reg E. Maintains log book for number of daily ACH transactions. Balances ACH daily to Portico and online credit card payments.
Posts and returns Share Draft exceptions daily and adheres to Reg CC regulations.
Receives ACH Disputes and Reclamations, provides members? provisional credit, returns item through network, sends letters to members, and maintains detailed log.
Effectively sets up ACH originations within core processor, scans documents to member?s account, and files forms. Processes ?On Request? originations daily and deletes originations when requested.
Qualifications and Education:
1-2 year experience in an accounting department OR financial institution
Strong analytical and troubleshooting skills
Ability to work independently in a fast paced environment
Strong time management and organizational skills
Basic understanding of accounting principles
Proficient in MS Excel, Outlook, and Word
Knowledge of Fiserv Portico software preferred
Ability to proficiently communicate with internal and external members
Associates degree, preferably in business or related field
Job Type: Full-time
Salary: $16.69 to $25.03 /hour
Required education:
Associate
Required experience:
Accounting of Financial Institution: 1 year
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