Subsidiary Accountant

Company: Community Bank System, Inc.
Location: Syracuse
Posted on: August 6, 2022

Job Description:

Overview:At Community Bank System, Inc. (CBSI), we are dedicated to providing our customers with friendly, personalized, high-quality financial services and products. Our retail division, Community Bank, N.A., operates more than 230 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont and Western Massachusetts. Beyond retail banking, we also offer wealth management, investment management, insurance and risk management, and benefit plan administration.Just as our employees are committed to helping our customers manage their finances, we re committed to our employees. After all, they make it happen for our customers every day.To ensure our people can enjoy long and successful careers here at CBSI, we offer competitive compensation, good benefits, and professional development and advancement opportunities. As an equal-opportunity workplace and affirmative-action employer, we celebrate and support a diverse workplace for the benefit of all: our employees, customers and communities.Responsibilities:This position oversees the accounting and reporting for financial services subsidiary companies of Community Bank System, Inc. This includes; monitoring the work flow, addressing questions that arise, preparing and reviewing general ledger account reconciliations including ensuring reconciling items are researched and cleared in a timely manner, ensuring necessary general ledger entries and cash transfers are posted, preparing monthly financial reports, and assisting with annual audits, including preparation of financial statements.Essential Duties:Work in a culture that promotes open, frequent, and dynamic communication among staff, stimulating teamwork to accomplish desired goals and objectives.Prepare and review/approve on a daily basis a variety of general ledger entries and debit/credit advices prepared by employees in the department, including those needed for month end closing.Perform research and answer questions raised by others within the Company concerning the status of invoices, general ledger coding, etc.Review and analyze the general ledger of all financial services subsidiary companies as part of the monthly closing process and research unusual or unexpected items.Work with employees of the subsidiaries to ensure all revenue and expense entries are recorded at month end.Monitor the workflow of the accounting for Wealth Management segment.Prepare / review general ledger account reconciliations and ensure reconciling items are being researched and resolved in a timely manner.Prepare / review financial reports and regulatory filings as needed.Prepare stand-alone financial statements and work with auditors for the required subsidiary company audits.Analyze accounts receivable and allowance for credit losses.Assist with acquisitions and other accounting projects as necessary.Maintain proficient knowledge of, and demonstrate ongoing compliance with all laws and regulations applicable to this position, ensure ongoing adherence to pertinent policies, procedures, and internal controls, and meet all job-specific training requirements in a timely fashion.Assist in the recommendation and implementation of approved changes to the Accounting Department to improve efficiency or correct issues.Focus on simplifying, streamlining, standardizing, and automating processes within the department.Assist in developing procedures, controls, and training of employees on processes or changes in processes.Ancillary Duties:As an integral member of the Accounting Department, this position is also responsible to provide assistance wherever necessary to help the department and the Company in achieving their annual goals.Qualifications:Education/Training: Bachelor s degree in accounting, business or finance, or equivalent experience.Skills: Proficient reading, writing, grammar, and mathematics skills; strong computer skills, including Word and Excel; strong interpersonal relations and communication skills.Experience: Minimum of three (3) years working in a professional level accounting position.Other Job Information:Compensation: Commensurate with experience plus potential for annual merit increase. In addition to your competitive salary, you will be rewarded benefits including: 11 paid holidays, paid vacation, Medical, Vision & Dental insurance, 401K with generous match, Pension, Tuition Reimbursement, Banking discounts and the list goes on!Physical Requirements:The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee may be required to stand, walk or sit. Use hands and fingers, handle or feel, reach with hands or arms, and speak and hear. The employee may occasionally be required to lift and or move up to 25 pounds. Specific vision abilities required by this job include close vision, and the ability to focus.An Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability.

Keywords: Community Bank System, Inc., Syracuse , Subsidiary Accountant, Accounting, Auditing , Syracuse, New York