Finance Specialist I

Merchants Bank Winona has an opening for a Finance include managing daily and monthly general ledger reconciliations and supporting accurate financial reporting. Handles key regulatory and operational responsibilities from maintaining rate indexes and withholding reporting to preparing pledging FR2900 and investmentrelated entries. Also supports monthly quarterly and annual processes including investment portfolio accounting preparing audit information reporting and taxrelated position will prepare committee packets capturing meeting minutes and assisting with Accounts Payable backup. Must be a detailoriented professional who values process improvement exceptional customer service and contributing to a positive and collaborative work environment. Associate degree in Finance or Accounting or equivalent work experience preferred. Must have excellent knowledge of Microsoft Excel and Bank offers competitive wages and benefits for our full-time employees including health dental life disability and vision insurance; flexible spending accounts 401(k) and ESOP retirement plans; bonus plan; paid time off; tuition reimbursement; and a variety of voluntary supplemental insurance on Apply Now or apply in personat Merchants Bank Winona (102 E 3rdStreet). Questions can be emailed to Bank is an Equal Opportunity Employer of women minorities protected veterans and individuals with Summary: Work is performed under limited supervision according to established policies and accounting rules. The emphasis of this position is to calculate and disseminate accurate information and data as well as document procedures for these processes. This position requires knowledge and skills in a wide variety of areas and thus the ability to change focus throughout each day is imperative. The duties related to this job include mathematical calculations research using several different software and hardware systems and extensive use of Excel. This position requires a well-organized and motivated individual with the ability to initiate projects and follow through as needed. Must have the ability to multi-task and work Duties:Daily/weekly duties:Reconcile roughly seventeen general ledger reconciliations on a daily basis. Conduct research and training as needed to ensure items clear in a timely manner. Identify process improvement opportunities whenever GL posting errors daily and run daily PDF report workflows for users without Prologue the GL Exceptions report and follow up on timely or verify daily rate indexes in the core processing system for both investment and loan withholding daily and report/remit to the state of Minnesota as general ledger files daily as backup for retention and communicate Loan Pricing Guidelines to all lenders on a weekly subledger report for independent review by the daily pledging spreadsheet to ensure pledging requirements are met for public fund the FR2900 report on Tuesdays and provide to Wire Transfer department for back Accounts Payable transactions to source documentation prior to bi-weekly batch duties:Backup to calculate and post bank investment portfolio principal and interest payments each month. Calculate and post FASB No. 115 entries so that the banks securities with fixed maturities are reported at their current market Center:Calculate and report monthly bank commission to Representatives & Bank with month end reports calculations and entries (i.e. send out pledged security documents to customers (backup) create reports of new loans and CDs and their interest rate spreads for management review).Prepare documented reconciliations of various general ledger and internal accounts for review as required by as the primary point of contact for Winona lease tenants and monitor rent certificates and lease contracts for updates/ the ALCO packet and capture minutes during the monthly duties:Report to IntraFi general ledger balances to agree to network quarterly entries including but not limited to Trust Preferred Security Admin Fee and allocation of FHLB advance borrowing balances and the packet for the Investment Center Committee and capture minutes for quarterly duties:Reconcile company-wide withholding to report on tax form 1099 information as input throughout the year including Bank Owned Life InsuranceReport and remit unclaimed property for the entire company on an annual as the primary point of contact for Winona lease tenants and monitor rent certificates and lease contracts for updates/ to be performed as needed:Act as back up for Accounts Payable Department by coding and processing all bank invoices for payment.1099 input and and verify several general ledger accounts and internal bank general ledger entries and standard entries for a variety of and create a variety of month end reports and document and improve processes as opportunities to compliance laws concerning financial institutions and completion of compliance tests as required for job will be expected to contribute to a positive working environment through words and will be expected to take responsibility to ensure that internal and external customers receive outstanding any other duties assigned by of Success:Reports are created in a timely are paid accurately and on clearing account is current and is answered correctly and leadership in all all assigned duties in a timely and accurate Conditions: Inside working environment very low noise level. May include travel to affiliate operations as Demands: Work is performed primarily sitting at a desk. Requires a high degree of finger dexterity very good finger-eye Demands: Requires above-average aptitude in the area of math/number skills and evaluation/reasoning skills. Above-average skill in the area of problem analysis and problem solving. A solid understanding of financial reporting/accounting are required to be able to reason through offages allocations and other reconciliation issues. Knowledge of lending processes is very helpful. Ability to speak with clarity and articulate thoughts and ideas well. Must be able to remain calm under pressure and relate to all types of Requirements: Independent thought good organization self-motivation to complete tasks and remain on schedule with minimal supervision. Personal computer skills with excellent knowledge of Microsoft Excel and Word programs as well as good typing skills; effective telephone and written communication skills. Amiable personality and team player. Associate degree in Finance or Accounting or equivalent work experience Responsible to the Controller for clarification of position responsibilities and authority and for proper interpretation. Will have limited person-to-person and phone contact with customers and public however will have extensive staff contact. Must have ability to work in a team environment and have personal manner to enhance overall professional image of the organization.