Valley National Bank Job - 35280778 | CareerArc
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Company: Valley National Bank
Location: Wayne, NJ
Career Level: Associate
Industries: Banking, Insurance, Financial Services

Description

The Assistant Controller is responsible for leading and directing the day-to-day operations relating to accounts payable, general ledger, fixed assets, leases, subsidiary companies and general accounting.   Responsibilities include, but are not limited to:

  • Works in conjunction with the Operation Controller in setting direction for Valley's accounting policies and procedures.
  • Supervises and directs the activities of the accounting, accounts payable and intercompany teams.
  • Manages the general ledger maintenance process including the opening and closing of accounts.
  • Manages and reviews the general ledger and correspondent bank reconciliations and relationships.
  • Manages the accounting for REO process including REO transfer, sale and evaluation for impairment.
  • Manages the month-end, quarter-end and year-end process and closing for the Bank and subsidiaries.
  • Manages the preparation and review of certain accounting estimates, including management's analysis of the valuation of mortgage servicing rights, goodwill, benefit plan accrual, external examination fees, etc.
  • Maintains and enforces the general ledger reconciliation policy including review and sign off on accounting department reconciliations as well as assisting staff in clearing reconciling items.
  • Manages the quarterly regulatory and SEC reports schedules and footnote disclosures prepared by the accounting team.
  • Participate in the coverage of fixed asset and lease accounting when necessary.
  • Participate with SOX controls, including the monitoring of existing controls and the development of key controls over new accounting processes.
  • Provides assistance and guidance to auditors, examiners and tax accountants during audits, exams and tax preparation, as well other operational areas with the bank including production of support as requested.


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