Valley National Bancorp is hiring: Accounting Analyst in Morristown

Job Overview

The Accounting Analyst is responsible for maintaining, reviewing and reporting on the books of Valley National Bank (VNB), its subsidiaries and affiliates, including the preparation and review of reconciliations, financial statements and reports to assure integrity of financial information. Participate in the issuance of Valley National Bancorp's quarterly press release, quarterly and annual Report and other financial statements.

Job Description

Responsibilities include, but are not limited to:

• Work in conjunction with the Accounting Senior Manager in the day-to-day operations related general and intercompany accounting including (but not limited to) generating journal entries, analyzing activity for accuracy/reasonableness and reviewing monthly account reconciliations and financial statements.
• Manage roll-out of Blackline and Intellimatch to certain subsidiary or business area processes.
• Own the accounting and certain operational aspects of Valley's various subsidiaries, including performing the month end close process and monthly and quarterly regulatory report preparation.
• Analyze monthly and quarterly financial results, including preparation of detailed analytics and investigating unusual or significant differences with various stakeholders across the bank.
• Assist with GL maintenance and system setup related items for the GL hierarchy, profit center/cost center hierarchy, and SAP S4 setup.
• Utilize SAP S4 Hana and SAP AO to design new reports and automate current processes.
• Perform various accounting reconciliations, including review of recording the prepaid/deferred asset, amortization period and expense allocation, identifying assets that have fully amortized requiring an accrual. Assist with reconciliation of accounts related to cash, loans, deposits and suspense balances as needed.
• Provide general accounting support to Bank's operating subsidiaries and affiliates including (but not limited to) review of invoices for proper approval and allocation as well as submission to accounts payable for processing, maintenance of fixed assets sub-ledger, generating journal entries, analyzing activity for accuracy/reasonableness, and preparing monthly account reconciliations and financial statements.
• Perform master data maintenance (open, close, maintenance of GL accounts and cost centers).
• Assist in the performance of the Bank's annual loan origination deferred cost analysis and update.
• Assist with the periodic review of stale/aged GL accounts review and closure.
• Assist and contribute to the preparation of Valley National Bancorp's quarterly reporting (press release, 10Q/10K filing and Annual Report).
• Assist with the preparation of monthly regulatory reports as needed (Call reports, etc.).
• Provide assistance to regulators and auditors (both external and internal) for the completion of their review.
• Assist with systems transformation initiatives as required.

Requirements

Required Skills:

• Should be well versed with accounting concepts, practices, and procedures.
• Proficient in Microsoft Office applications Word, Excel, Outlook). Ability to use various other financial accounting software packages, including SAP S/4HANA and Blackline.
• Highly motivated with demonstration of past success.
• Excellent written and verbal communication, organization and time management skills.
• Keen attention to details and ability to analyze financial data and identify variances.
• Exercise good judgement and think in a logical fashion.

Required Experience:

• Bachelor's degree in accounting and a minimum of 2 years of accounting, financial service or public company experience.
• CPA preferred.