• Signature Bank
  • $101,920.00 -157,490.00/year*
  • New York, NY
  • Accounting
  • Full-Time
  • 21 Warren St

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Join a winning team! Signature Bank has appeared on Forbes' Best Banks in America list for the eighth consecutive year in 2018.

Signature Bank, member FDIC, is a New York-based full-service commercial bank with private client offices throughout the New York metropolitan area. The Bank's growing network of private client banking teams serves the needs of privately owned businesses, their owners and senior managers. Signature Bank offers a wide variety of business and personal banking products and services.

The Bank operates Signature Financial, LLC, a specialty finance subsidiary focused on equipment finance and leasing, transportation and franchise financing. Investment, brokerage, asset management and insurance products and services are offered through the Bank's subsidiary, Signature Securities Group Corporation, a licensed broker-dealer, investment adviser and member FINRA/SIPC. Signet, the Bank's digital payments platform, leverages blockchain technology allowing the Bank's commercial clients to make payments in U.S dollars 24 hours a day, 7 days a week, 365 days a year.

Loan Accounting Associate

In this position, you will perform the month-end close process (i.e., journal entries, reconciliations, etc.) in accordance with Generally Accepted Accounting Principles (\"GAAP\").

DUTIES:

* Assists in the month-end, quarter-end, and year-end close process by preparing journal entries and general ledger reconciliations.
* Prepares journal entries to record business & financial transactions in accordance with GAAP and Company policy.
* Performs general ledger reconciliations for balance sheet accounts to ensure that transactions and balances are recorded accurately, and are in accordance with GAAP and Company policy. Research and resolve any issues identified.
* Reviews and analyzes monthly financial statements for the Bank's REIT and evaluates operating results for compliance.
* Assists with quarterly financial reporting and preparing loan-related schedules included in the quarterly regulatory reports (i.e. Call Report, 10-Q, 10-K, etc.). Assists in preparing the footnotes and tables for related reports.
* Prepares supplemental financial reports, information, tables, and documentation as required for reporting to Senior Management and the Board of Directors.
* Coordinates with various departments (e.g., Credit, IT, Legal, Operations and Treasury) to ensure that segment business transactions are processed and recorded in a proper and timely manner.
* Assists in special projects (i.e. variance analysis) and performs ad-hoc problem-solving; reports appropriate concerns to departmental management.
* Assists in audit requests.
* Supports Loan Accounting Manager and performs related duties as assigned.
* This position has access to general ledger and financial records. Does not have cash or wire transfer access.

EDUCATION/EXPERIENCE:

* Bachelor's degree in Accounting/Finance/Economics or equivalent combination of education and experience
* Minimum 1 year experience in accounting, with a solid understanding of basic accounting concepts, required.
* Strong Analytical and problem-solving skills required.
* Understanding of loan accounting preferred.
* Prior banking industry experience a plus.
* Proficiency in Microsoft Excel (i.e., VLookups, Pivot Tables).

Signature Bank offers a competitive compensation (BONUS PROGRAM), an excellent health benefits package including, 401(k) plan with generous company match, gym reimbursement, pet insurance, tuition reimbursement, award winning wellness program, and much more for qualified employees!

Service is our cornerstone!

View available Careers with Signature at www.signatureny.com/careers

We are an Equal Opportunity Employer

We do not sponsor work visas

Relocation or interview travel expenses are not available for this role

No Agencies Please



* The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.

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