Senior Accounting Associate - Reconciliations

About Us

Live Oak Bank is a digital bank that serves small business owners across the country.  Our groundbreaking spin on service and technology has fueled our mission to be America’s Small Business Bank. Our products help customers buy, build, and expand their business, and our high-yield savings and CD products help them grow their hard-earned money.  At Live Oak, we never lose sight of the well-being of our people. We believe our employees are the heart of our company. Our commitment to our customers and culture is intertwined, and we seek those who embody and embrace what it takes to empower the American dream.

About Us

Live Oak is more than a bank. Live Oak helps people realize their full potential so they can create meaningful impact at work, home or in their communities. As an innovation hub, we fully embrace a bold approach to solving problems and surpassing goals. Daily life at Live Oak centers around a culture of taking care of each other, which has made us one of the most desirable places to work. We’ve topped the list of American Banker’s “Best Banks to Work For” because of our unparalleled dedication to our people. Our commitment to our customers and our culture is intertwined, so we seek those who embody and embrace what it takes to empower the American dream. Learn more at liveoakbank.com. 

How This Role impacts Live Oak and its People

The Senior Accounting Associate – Reconciliations reconciles every general ledger account on the balance sheet per assigned schedules to ensure accurate financial reporting and to identify any exceptions or out of balance conditions.  Reconcilers will work closely with the loan and deposit operations employees to promptly clear any errors that may impact customer accounts.   Reconcilers are also conscious of correcting items posted to the general ledger that may impact accuracy in financial reporting, especially for quarter-end SEC and regulatory reporting periods.  They will be tasked with helping with the implementation of new initiatives, abiding by bank policies and fraud identification, assisting with information requests for management, auditors and regulators, striving for accuracy, promptness and documentation retention, and promoting a culture of cooperation throughout the organization.  

What You’ll Do at Live Oak

• Reconciles balance sheet general ledger accounts per assigned schedules.

• Prepares general ledger journal entries for Finance/Corporate related transactions.

• Reconciles Securities Safekeeping statements quarterly.

• Maintains proper documentation of reconciliations as required for record retention purposes.

• Research and follow up on all pending or exception items on all reconciliations.

• Prepares documentation requests for management, external accountants, internal auditors and regulators as needed.

• Reconciles the Workday general ledger with the Premier and Finxact core systems on a weekly basis.

• Prepares monthly equity compensation expense

• Prepares quarterly SEC reporting schedules

• Submits Finance/Corporate invoices or wires to AP for processing.

• Manages prepaids, purchases, early withdrawals, maturities and interest payments related to brokered CDs.

• Provide documentation requests for management, external accountants, internal auditors and regulators as needed. 

• Performs other duties as required.

How You’ll Do It           

• Have enthusiasm for accuracy and proficiency in your duties.  Multi-task well and be aware of deadlines.

• Consistently demonstrate the courage to do what’s right for the business and those you work with.

• Always show respect to others. Respect of privacy and confidential information. Be tactful in discussions with others. Respect for all rules and regulations.

• Function as a team and realize all members of the team are vital to its success.

• Own your actions and strive to influence events and to achieve goals. See opportunities and act on them.

• Have responsibility for followin