Investment Accountant

How would you like to join one of the most highly regarded financial institutions in New Jersey with deep roots in the community?  Provident is a successful and highly regarded multi-billion-dollar bank that continues to grow with branches in New Jersey, Eastern Pennsylvania and New York.  Our longevity is a testament to our commitment to placing our employees, customers, and the communities we serve at the center of all we do.  At Provident Bank, we are committed to enhancing our customer and employees’ experience. 

POSITION SUMMARY

Reporting to the Subsidiary Accounting Manager in the Finance team, this position is responsible for the accounting and reconcilements related the investments portfolio of the Company. This role is also responsible for tracking principal and interest payments, reconciling cash accounts used in settling securities and ensuring the investments portfolio subledger system ties to the GL.

KEY RESPONSIBILITIES:

• Responsible for recording activity of the investments portfolio, including changes in principal & interest payments, monthly accruals, discount/premium amortization and change in MV. Own and prepare reporting and analysis on the investments portfolio using information from the investments system to enhance monthly and quarterly financial reporting.
• Reconcile investments portfolio on a monthly basis and reconcile cash accounts on a daily basis. Investigate reconciling items by discussing with the Treasury department and external counterparties. Identify reason for cash differences on securities settlements and make corrections as needed.
• Understand the products and mapping from the subledger to the GL, propose changes for mapping when needed for new products or changes in reporting are required. Possess technical knowledge of products in order to identify mapping changes needed.
• Provide breakdown of investments portfolio required for SEC and Regulatory reporting, and research and provide explanations on variances from prior quarter and prior year.
• Special projects and ad-hoc requests will be requested as needed.

MINIMUM QUALIFICATIONS:

• 2-3 years work experience in Accounting or Finance, with specialization in Treasury/securities related products
• Bachelor’s degree in Accounting or Finance
• Proficiency in generally accepted accounting principles
• Advanced knowledge of Excel, including advanced formulas and pivot tables
• Ability to effectively communicate verbally and in writing.
• Detailed-oriented, organized and able to work with various professional groups in a fast-paced environment

WORKING CONDITIONS:

Work is performed in a normal office environment. Noise levels are usually moderate.

This position involves travel to customers and property locations.

• Prolonged sitting
• Lifting from 5 to 10 lbs. (printer paper, storage boxes)
• Occasional bending or overhead lifting (storing files or boxes)
• The hazards are mainly those present in a normal office setting.

This job description may not be all-inclusive. Employees are expected to perform other duties as assigned and directed by management. Job descriptions and duties may be modified when deemed appropriate by management.

Provident Bank recognizes and supports the importance of creating a socially and culturally diverse employee base. We understand, value, and appreciate the unique perspectives that a diverse workforce can contribute to our organization. We put the employee and the customer at the center of strategy because culture is a critical differentiator for why people choose to work here.    

We are an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to age 40 and over, color, disability, gender identity, genetic information, military or veteran status, national origin, race, religion, sex, sexual orientation or any other applicable status protected by state or local law.