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Senior Financial Accountant

Spencer Savings Bank
Elmwood Park, NJ
  • Posted: over a month ago
  • Full-Time
Job Description


Responsible for overseeing and reviewing the quality control of all recurring internal and regulatory reports and analyses, ensure timely and accurate information is provided to the Controller. Maintain all accrual and amortization accounting records and updates general ledger maintenance records. The function includes overseeing the calculation and preparation of all daily and monthly general ledger journal/accrual entries.


  1. Monthly Financial Reporting – consolidation of general ledgers and quality control over the reporting process, complete variance analysis, transaction activity review and investigation/resolution of potential issues prior to submission and approval of the Controller.
  2. Accounts Payable – Oversees the activities of the accounts payable function to ensure the accurate and timely processing of invoices received from vendors and staff.
  3. Fixed Assets – Oversees fixed asset reporting including the addition of new assets, disposals, transfers, and assets in-process accounting. Reviews reports for proper depreciation (both internal and tax books) methods and lives. Provides support to assist in and reconciles the annual bank-wide fixed asset inventory audit.
  4. Regulatory Reporting – responsible for the maintenance of the call report software application and submission of the FFIEC 041” Call Report” to FDIC. Responsibility includes oversight of Staff Accountant in preparation process.
  5. Interim and year-end audit work – Assist in the completion of reports and schedules required for interim and year-end audit work by external accountants and annually audit review of Pension/401K and footnotes to audited Spencer Savings Bank and Spencer Investment Company financial statements.
  6. Quarterly budget to actual report (part of the board package) – prepare and review for submission to Accounting management for sign-off prior providing the document to the Controller and CFO. This process includes the identifying significant variances and providing support backup when required.
  7. Monthly ancillary reports including but not limited to (Employee Expenses, Non-Budgeted expenses greater than $5,000, monitoring non-budgeted expenses) – prepare and complete for submission to the Controller.
  8. Quarterly Spencer Investment Company unaudited financials - prepare and review for submission to Accounting management for sign-off prior to providing the document to executive management.
  9. Quarterly Pension and 401k – complete quality control review prior to submission to the Controller and oversee Staff Accountant in preparation process.
  10. Annual budget process – assist in the annual budget process including the preparation of time schedules, preparation/distribution of budget documents, collection/review of budget documents received from department and division heads, aggregation of data into ProfitStar and ancillary worksheets, and production of final package for submission to Executive Management.
  11. Ad hoc financial analysis – assist in the completion of financial analyses on an “as needed” basis relating to financial reports or business scenario requests by Accounting and Executive Management.
  12. Performs other duties as required.



BS Accounting is required

CPA is preferred


  1. 3 to 4 years accounting experience in a finance/accounting/corporate control group of a domestic/community bank,
  2. Management experience desired,
  3. Computer literate, strong skills in Microsoft suite products, familiar with information databases, reporting engines and general ledgers,
  4. Strong written and oral skills as well as outstanding interpersonal skills,
  5. Knowledgeable about accounting/regulatory reporting guideline changes and potential accounting/regulatory issues impacting the Bank,
  6. Possess leadership initiative to research resolve problems to a conclusion with little or no input from supervisor,
  7. Must be able to work independently in a fast-paced environment,
  8. Possess ability to interpret reporting/transaction activity and presenting issues and proposed course of action to address these issues.

Spencer Savings Bank


Elmwood Park, NJ
07407 USA


Finance and Insurance

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