Accounting Analyst Job Listing at Valley Bank in Morristown, NJ (Job ID 24-1111)

Description

Responsibilities include, but are not limited to:

• Work in conjunction with the Accounting Senior Manager in the day-to-day operations related general and intercompany accounting including (but not limited to) generating journal entries, analyzing activity for accuracy/reasonableness and reviewing monthly account reconciliations and financial statements.
• Manage roll-out of Blackline and Intellimatch to certain subsidiary or business area processes.
• Own the accounting and certain operational aspects of Valley's various subsidiaries, including performing the month end close process and monthly and quarterly regulatory report preparation.
• Analyze monthly and quarterly financial results, including preparation of detailed analytics and investigating unusual or significant differences with various stakeholders across the bank.
• Assist with GL maintenance and system setup related items for the GL hierarchy, profit center/cost center hierarchy, and SAP S4 setup.
• Utilize SAP S4 Hana and SAP AO to design new reports and automate current processes.
• Perform various accounting reconciliations, including review of recording the prepaid/deferred asset, amortization period and expense allocation, identifying assets that have fully amortized requiring an accrual. Assist with reconciliation of accounts related to cash, loans, deposits and suspense balances as needed.
• Provide general accounting support to Bank's operating subsidiaries and affiliates including (but not limited to) review of invoices for proper approval and allocation as well as submission to accounts payable for processing, maintenance of fixed assets sub-ledger, generating journal entries, analyzing activity for accuracy/reasonableness, and preparing monthly account reconciliations and financial statements.
• Perform master data maintenance (open, close, maintenance of GL accounts and cost centers).
• Assist in the performance of the Bank's annual loan origination deferred cost analysis and update.
• Assist with the periodic review of stale/aged GL accounts review and closure.
• Assist and contribute to the preparation of Valley National Bancorp's quarterly reporting (press release, 10Q/10K filing and Annual Report).
• Assist with the preparation of monthly regulatory reports as needed (Call reports, etc.).
• Provide assistance to regulators and auditors (both external and internal) for the completion of their review.
• Assist with systems transformation initiatives as required.