Accounting Manager, Loan & Deposit Operations

Wilmington, DE - USA

Yearly Salary: $ 143920 - 205600

Posted on: 12 hours ago

Vacancies: 1 Vacancy

Job Summary

About Us

Live Oak Bank is a digital bank that serves small business owners across the country. Our groundbreaking spin on service and technology has fueled our mission to be Americas Small Business Bank. Our products help customers buy build and expand their business and our high-yield savings and CD products help them grow their hard-earned money. At Live Oak we never lose sight of the well-being of our people. We believe our employees are the heart of our company. Our commitment to our customers and culture is intertwined and we seek those who embody and embrace what it takes to empower the American dream.

How This Role Impacts Live Oak and its People

The Loan & Deposit Operations Accounting Manager serves as the primary financial accounting and controls expertwithinthe Loan & Deposit Operations organization. This role bridges operational execution and enterprise finance ensuring that daily loan and deposit processes are executed in alignment with GAAP internal controls SOX requirements and corporate accounting policies. This position provides realtime accounting support operational insight and financial analysis to operations leaders whilemaintainingstrong collaborative ties with the SOX Risk and Audit teams.

This position is ideal for a technically strong accounting professional who thrives in an operational environment and can translate accounting requirements into actionable process-level controls and improvements.

What Youll Do at Live Oak

Operational Accounting

Serve as the dedicated accounting subject matter expertfor all loan and deposit product workflows including new product launches system enhancements and operational initiatives.
Oversee accounting operations for loan secondary market activities.
Provideonthefloor supportto operations teams ensuringaccurateapplication of accounting rules in daily loan boarding payment posting rate changes deposit transactions fee assessments and exception handling.
Identifyaccounting implications of operational changes providing recommendations that ensure compliance with GAAP and company policies.

Financial Controls & Compliance

Overseeoperational-level SOX controls includingevidencegathering control execution remediation and process documentation.
Partner with SOX Internal Audit and Compliance toprepare forperiodic reviews walkthroughs and testing.
Ensure proper accounting and documentation of nonaccrual loans charge-offs recoveries fee reversals corrections and exception items.

Reconciliation & GL Integrity

Collaborate within accounting tomaintainaccuratealignment between operational systems and the general ledger.
Support reconciliations for key loan and deposit accountsidentifyingroot causes of breaks and working with operations to implement durable solutions.
Ensure operational transactions are recorded in the correct accounting periods and with proper classifications.

Month-End & Quarter-End Support

Provideoperational insights for journal entry preparation accruals and reserve/allowance processes (CECL-related operational inputs).
Assist Accounting in preparing supporting schedules for regulatory and SEC reporting as needed.
Review operational data for accuracy and completeness prior toclosecycles to prevent downstream adjustments.

Analytics & Reporting

Produce analysis explaining variances between expected and actual financial outcomes tied to operational activity.
Support business case development for operational initiatives including ROI analyses andfinancial impactforecasting.

Process Improvement & Risk Mitigation

Review loan and deposit operational processes for alignment with accounting standards; recommend improvements that strengthen accuracy control and efficiency.
Partner with Operations and IT to support system implementations conversion projects and data quality initiatives.
Lead root cause analysis for financial or operational errors ensuring sustainable remediation.

Cross-Functional Collaboration

Act as the liaison between Operations and Accounting for all matters involving accounting treatment reporting impacts orcontrolsconsiderations.
Educate operational staff on accounting topics relevant to their work providing training and documentation.
Participate in governance forums involving new product development system changes and control updates.

Required Experience

Bachelors degree in Accounting or Finance
Certified Public Accountant (CPA)
7 years of relevant experience in accounting financial operations or banking operations with a publicly held financial institution
Experience in loan accounting deposit accounting and SOX required.
Strong knowledge of U.S. Generally Accepted Accounting Principles (U.S. GAAP)applicable to lending deposits and fee/interest accruals
Ability to interpret and apply accounting standards within an operational context
Excellent analytical and problemsolving skills with strong attention to detail
Ability to communicate complex accounting requirements clearly to nonaccountants
Proficiencywith core banking systems GL platforms and Microsoft Excel

Preferred Experience

Collaborative mindset; able to build trust with operations by fostering open communication and relationships across business lines through transparency reliability and partnership
Process-oriented with a continuous improvement mindset improving standardization identifying efficiencies and automation opportunities
Strong organizational skills and ability to manage multiple priorities.
Comfortable working in a fast-paced high-volume operational environment.

Our Values

Dedication:Possess a deep commitment to Live Oak Banks mission and core values exemplified through a strong work ethic adaptability and pride in your work.
Ownership:Take initiative to deliver positive results by proactively and creatively solving problems while maintaining a high degree of quality.
Respect:Treat everyone with courtesy politeness and kindness.
Innovation:Embrace fresh ideas and fearlessly contribute new solutions to emerging or existing problems.
Teamwork: Foster collaboration accountability and trust with others and understand that together we do more

For a detailed overview of our employee benefits please visit: Oak Bank is an Affirmative Action and Equal Opportunity Employer Minorities/Women/Veterans/Disabled. We consider applicants for employment without regard to race color religion sex sexual orientation gender identity national origin age genetic information veteran status or disability. Equal access to programs service and employment is available to all persons. Those applicants requiring reasonable accommodation to the application and/or interview process should notify human resources at.

EEO is the Law

The base pay range for this position is $143920.00 - $205600.00 per year. Compensation may also include annual bonuses and long-term incentives subject to various metrics and company policy. A candidates salary is determined by several factors including travel relevant work experience or skills and expertise.

Please note that we provide at least the minimum requirement of paid sick leave to our employees who reside in states that require employer-paid sick leave including but not limited to Arizona California Colorado District of Columbia Maine Maryland Massachusetts Michigan Nevada New Jersey New Mexico New York Oregon Rhode Island Vermont and Washington.

Required Experience:

Manager

About UsLive Oak Bank is a digital bank that serves small business owners across the country. Our groundbreaking spin on service and technology has fueled our mission to be Americas Small Business Bank. Our products help customers buy build and expand their business and our high-yield savings and CD...