Senior Accountant

Established in 1996, Community Bank of the Bay (“CBB”) is an independent, multiple award-winning community-focused bank with over 25 years of active financial investment in businesses and individuals in the San Francisco Bay Area. Our clients include numerous organizations from many industries, including local nonprofits, multi-generational businesses, creative professionals, and owner-operators experiencing change, growth, or expansion.

At CBB, we believe you can only truly serve a community when you are part of it. As the first Community Development Financial Institution (CDFI) formed in California, we are actively involved in local community life. In fact, that’s the whole thought behind community banking: your funds invested locally, through local decisions, by local people, driving the success of the broader community. Our mission is to foster and promote economic development in the communities we serve.

At CBB, our employees are our greatest asset, and we recognize that our success as a community bank is because of our extraordinary staff. We offer a welcoming, friendly, caring work environment with competitive compensation, a strong and robust benefits program, and an emphasis on healthy work/life balance.

Our six core values of Sustainability, Empowering, Respect, Trust, Commitment and Relationship building represent what we stand for and believe in as an organization. Every day, we strive to align our behaviors to these core values in everything we do.

Overview

The Senior Accountant will be assisting the Finance Department with completing the Daily and Month End close process. Responsibilities will include completing and posting daily and month end journal entries, preparing daily and month end reconciliations, assisting with fluctuation analysis and researching and resolving discrepancies. The Senior Accountant will also assist with the preparation of various regulatory reports including the Quarterly Call Report and will perform other duties as needed by the Finance Department.

Duties and Responsibilities

• Ensure accounting functions and duties are accurately and promptly completed in accordance with generally accepted accounting principles, established procedures and applicable regulations.
• Participate in the month end and daily close procedures to include the preparation of moderate and occasionally complex level general ledger journal entries and supporting documentation that is audit ready.
• Prepare monthly reconciliations and certifications of various general ledger accounts to ensure all accounts are balanced with supporting documentation. Research and resolve accounting errors and discrepancies promptly.
• Review daily and monthly variances related to the general ledger accounts and provide variance explanations.
• Review and recommend improvements to streamline internal controls and key business processes. Participate in the documentation of accounting process narratives and help implement procedures to continue to increase efficiencies.
• Assist in the preparation of internal and external reporting and audit prepared schedules as requested by regulators, external auditors and executive management.
• Perform daily “call back” of the Finance Department’s journal entry documentation to our core system.
• Manage the daily cash position report which includes reconciling correspondent banks and review balance sheet accounts to ensure accurate posting.
• Daily review of Balance Sheet Accounts including Loan and Deposit Suspense Accounts and other Suspense Accounts.
• Prepare various schedules for outside auditors and tax accountants. Research accounting and tax related questions.
• Responsible for Cash Management which includes input and approve incoming and outgoing wires.
• Assist and support accounting personnel, as needed.
• Perform other projects and duties within the Finance / Accounting Department as assigned by the Controller and / or CFO.
• Maintain contact with other departments to correct any transactions.
• Maintain accurate and organized records and submit reports on time.
• Keep management informed of activities and any significant problems or concerns.
• Attend and participate in meetings as required.
• Stay informed of developments in accounting and banking field requirements.
• Complete special projects as assigned. Completes assigned required compliance training in a timely manner.
• Maintain appropriate levels of confidentiality.

Requirements

Education:

• Bachelor’s Degree in Accounting or Finance preferred.

Knowledge:

• Knowledge of accounting concepts, practices, procedures and financial r