Accountant

PRIMARY PURPOSE

Collect and review data in order to properly evaluate and reconcile general ledger accounts. The employee also prepares reconciliation binders and prepares tax deposits. Performance of the duties requires excellent organization, attention to detail, typing, filing, and customer service skills.

The following essential duties do not cover an all-inclusive list of work requirements. Individuals will perform other job-related duties as assigned, including work in other areas to cover absences or otherwise balance the workload.

ESSENTIAL FUNCTIONS

1. Collects data daily to properly evaluate FRB, Cash Letters in Transit and PIM accounts, utilizing Navigator, Director, Fedline Advantage and Viewpoint. Prepares and posts daily adjusting entries to be approved by the appropriate supervisor or officer for cash letters that are clearing.

2. Monitors daily branch currency activity to ensure that the reported activity corresponds to reports received from offsite vault(s) with armored courier. This includes preparation of daily reconcilements of branch cash and offsite vault(s).

3. Reconciles general ledger accounts on a periodic basis for New Peoples Bank, NPB Insurance Services and New Peoples Bankshares, utilizing financial data from Navigator, Director and documentation received from various sources such as correspondent banks, branches, other departments, etc. Prepares and posts adjusting entries as needed to be approved by the appropriate supervisor or officer, copies supporting documentation, submits for review, and scans the reconcilements.

4. Reviews internal deposit accounts to ensure entries are posted correctly and contacts appropriate personnel if adjustments are required.

5. Provides reconcilements to Risk Management Department, internal and external auditors upon request.

6. Evaluates general ledger accounts daily for preparation of 945 tax on Tuesday and Thursday of each week. Submits data to IRS and prepares and posts entries to move taxes to the payable account for IRS to debit.

7. Prepares commission payable report for Human Resources to be submitted with the last payroll of each month.

8. Monitors residual payments received by the bank from Basys monthly and prepares and posts an entry to transfer the income amount to the Commercial Deposit department.

9. Monitors new deposit accounts monthly to determine public fund status and prepares the monthly and quarterly public fund report for review by the appropriate supervisor or officer before submitting electronically to the Virginia Treasury Board.

10. Reconciles CDARS weekly, if applicable, and monthly for all open accounts. Prepares and posts adjusting entries and submits to appropriate supervisor or officer for approval.

11. Prepares loan disbursement spreadsheet identifying purpose code, maturity date and collateral and submits to the appropriate supervisor or officer for use in the quarterly Call Report.

12. Periodically validates investment safekeeping reports to correspondent listings or securities held in physical form.

13. Assists with maintenance of fixed asset inventory and related accounting records

14. Assist Accounts Payable with scanning of invoices, allocating expenses to the proper general ledger accounts and printing and mailing of checks and ACH notices and serve as backup as needed.

15. Assist with preparation of quarterly Call Report schedules as needed.

16. Responsible for or oversees the employee that is responsible for day to day operations, vendor relationship, application feature review, administration (upgrades, testing, user training, account maintenance, and troubleshooting), and user access reviews for all applications within area of responsibility.

17. Regularly refresh knowledge of and familiarity with online, mobile, electronic and traditional products and services. Regularly practice/rehearse customer conversation and engagement skills around the entire suite of New Peoples Bank products and services. Invite customer respect by demonstrating product and service knowledge and engaging customers around the benefits of using them.

Requirements:EDUCATION / EXPERIENCE

Associate degree in Accounting preferred, with one-three years of general accounting experience; or any equivalent combination of education, training, and experience which provides the required knowledge and abilities.

KEY COMPETENCIES

• Ability to understand and follow written and oral instructions.
• Ability to work independently and accomplish tasks through self-motivation.
• Ability to use analytical reasoning and problem-solving techniques.
• Ability to maintain moderately complex files, records, and reports.
• Assists the Controller and Assistant Controller or Chief Financial Officer as needed.
• Communicates with branches, auditors and risk management concerning reconcilements as required.
• Outstanding typing, filing, and customer service skills.
• Excellent verbal, written, and interpersonal communication skills.
• Performs related duties and responsibilities as required and assigned.
• Working knowledge of computer software and operations to include Microsoft Office products, Navigator, Director, and Viewpoint.
• Ability to master job specific software and hardware components.

EEOC STATEMENT

New Peoples Bank is an Equal Opportunity Workplace and an Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, or protected veteran status.