Accounting Manager I

Hiring Range: $70,798 - $116,311

The posted salary range reflects Eastern’s expected hiring range. Actual pay may vary based on experience, skills, and market factors; additional compensation may apply. Eastern offers a robust benefits and retirement package. Please see the description of benefits included with this job posting for additional information.

The Accounting Manager I will be responsible for administering and directing all steps necessary to maintain a constructive working environment which will allow the department to continually develop and achieve consistent operating efficiencies.  Completes staff evaluation(s).  On the job training and outside formal training will be provided in order to ensure this candidate has a firm understanding of the technical knowledge required.

Key Responsibilities: 

Manage day-to-day accounting operations:

• Oversee general ledger staff and accounts payable staff, 
  • Making employment decisions, reviewing performance, and making salary recommendations.
  • Assigning work, providing training, guidance and advice to subordinates when necessary.
  • Resolving personnel problems, including disciplinary action and termination.
• Review and approve journal entries, invoice batches, ACH payment batches, and other work prepared by accounting operations staff,
• Post journal entries upon review of completeness by comparing detailed journal entry listing to the Oracle posting screen,
• Tie in General Ledger account combinations, using discernment to know when a combination should not be valid.
• Develop useful metrics to monitor department activities and volumes.

Coordinate the monthly close of the Accounts Payable and General Ledger systems.   Perform and supervise month-end and year-end accruals.

Assist with month-end closing procedures:

• Record and accrete dealer flat fees.
• Updating and Maintaining of Chart of Accounts.
• True up of certain accruals including:
  • Janitorial Services
  • Electrical Services
  • Security
  • NYCE Interchange Fee Income
  • Off-BS credit exposure reserve
  • Other

Work with VP, Accounting Operations Manager to coordinate testing and implementation of system enhancements and upgrades.

Maintain policies, procedures and standards for the group that ensure a strong control environment and periodically test the controls to ensure adherence.

Ensure department compliance with applicable tax laws including, but not limited to, Use tax, 1099-MISC and 1042 reporting.  Coordinate periodic reporting and filing.

Assist auditors with General Ledger and Accounts Payable inquiries.

This position will need to make accounting and operational decisions with regards to day-to-day general ledger and accounts payable functions under the direction of the Accounting Operations Manager.  Problem solving skills and experience must be drawn upon as unforeseen issues and events arise.

Education and Experience: A Bachelor of Science Degree in Accounting or equivalent work experience is required.  Banking industry experience is preferred. 

Skills/Knowledge:

Supervisory experience is required.

Proficiency in Microsoft Excel and Word is essential.  Previous work with Oracle Fusion is preferred but not required.   

Ability to explain concepts and delegate responsibilities effectively. Strong communication and inter-personal skills.