Job Summary

The Financial Accounting & Reporting Assistant Manager is responsible for overseeing and preparing the Bank’s various reporting requirements, including monthly and quarterly management reports, regulatory Bank Call Reports, quarterly earning press releases, and the Bank’s Annual Report and supports the Financial Reporting Manager. In addition, this position performs financial analysis in such areas as security investments, loan accounting, lease accounting, and reviewing operational performance. Strong analytical, verbal and written skills are required along with strong attention to detail.  Must be a self-starter, motivated individual that can work in a fast paced and ever changing environment. 

Essential Duties

Financial Reporting  

• Assist in preparing the Bank’s Annual Report (Annual Financial Disclosure)
• Responsible for keeping current with new financial reporting requirements, which include research, communication with impacted information owners, and preparation of documentation for review by management
• Oversee and prepare management reports, including calculating various financial and statistical ratios for the monthly Board Report package

• Responsible for overseeing and preparing the quarterly Bank Call Report

Audit Liaison 

• Assist the Financial Reporting Manager (“FRM”) with coordinating the Bank’s internal and external financial audits and model validations with Bank auditors, external auditors and third party consultants.
• Assist staff members in their preparation of schedules as part of the Bank’s external financial audit and regulatory audit.
• Assist Financial Reporting manager with coordinating Internal Audit exams and requests, Safety & Soundness Exams,  and any other external audits of the Finance & Accounting Department

Accounting Operations 

• Assist the FRM in overseeing the Bank’s accounting and reporting of loans and related allowance for credit losses (ACL), leases and the security investment securities portfolio
• Assist in the Bank’s Allowance of Credit Losses calculation and related analysis
• Assist in the Bank’s annual budgeting process 
• Establish and maintain relevant policy and procedures; includes updating current policies and writing new policies, if necessary

Staff Management 

• Supervise, assist, and train staff members to ensure all tasks and duties are cross trained, and completed in an accurate and timely manner
• Review staff members’ monthly general ledger reconciliations for accuracy and completeness
• Initiate process improvements to streamline existing tasks

Ad-hoc Analysis and Projects 

• Assist other F&AD department managers in various special projects and duties as needed
• Validate data and analyze fluctuations for reasonableness.
• Create standard system reports
• Create ad hoc queries in connection with various financial analysis/reports

Complies with all State and Federal Banking regulatory requirements, including but not limited to: BSA, Anti-Money Laundering OFAC, CIP, Financial Elder Abuse Reporting, Sexual Harassment, Information Security and privacy requirements. Acts as the control point for the office to ensure that all CIP, BSA, OFAC requirements, procedures and time frames are met.

Basic Knowledge, Skills and Abilities

• Customer service skills
• Telephone skills
• Problem resolution skills
• Clear understanding of the English language

Officer Title Eligibility

For qualified positions, the Bank may designate an Officer Title to an employee who seeks and/or meets defined competencies for an eligible position. This position qualifies for the officer title(s) Assistant Vice President, Vice President.

Equipment Operated

• Telephone
• Desk top computers
• Standard office equipment (copiers, fax machines)

Physical Requirements & Work Environment 

• Requires sitting for prolonged periods of time
• Requires lifting of up to 25 lbs.
• Office setting w/controlled temperature

Required Knowledge 

• 7 years of Financial Reporting experience—including experience with financial statements, generally accepted accounting principles, regulatory reporting requirements, and SEC disclosure requirements
• Advanced computer-skills—including proficiency with spreadsheet and database software/applications
• Excellent analytical and verbal/written communication skills

Education and Experience 

• Bachelor’s degree in Accounting
• CPA preferred
• Staff management experience preferred
• Preferred experience in Jack Henry’s Silverlake, Cognos, FHN Investment Accounting Reports, Abrigo’s Sageworks Loan module, Moody’s Analytic, S&P Global Market Intelligence solutions, and Oracle PBCS

As a part of the Bank’s internal control systems, employees holding sensitive positions are required to be absent from their duties for a minimum of two consecutive weeks each year. This position has been deemed to meet the test for a sensitive position, and therefore you will be required to meet the minimum absence requirement each and every year.

This job description is not intended to be all-inclusive, and employees will be required to perform additional related work duties as assigned by their immediate supervisor and/or management.

Farmers and Merchants Bank of Long Beach reserves the right to revise or change job duties and responsibilities as the need arises. This job description does not constitute a written or implied contract of employment.