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Job Purpose

The Accountant at Bank Iowa reports to an Accounting Manager and assists in maintaining financial records and ensuring that financial transactions are properly recorded. This role also ensures the accuracy of entries posted to ledger accounts by researching and analyzing accounting data and compiling financial data to aid management in the preparation of balance sheets, profit and loss statements and other financial reports.

Essential Functions

Core Responsibilities

• Assist with holding company and nonbank subsidiary financial records including maintenance of general ledger, posting of transactions, payment of disbursements and distributions, maintenance of financial records, preparation of reconciliations and financial reporting.
• Responsible for posting journal entries to ensure accuracy of financial records as directed by supervisor.
• Responsible for preparation of journal entries for month-end and year-end closing, including the preparation of supporting documentation and schedules.
• Responsible for accurate and timely monthly and year end closing procedures.
• Assist with annual budgeting and budget reporting.
• Responsible for analyzing financial statement on monthly basis, including variance analysis and resolving accounting errors, differences and discrepancies in financial reports.
• Responsible for performing research and analysis of financial data and accounting information.
• Prepare various general ledger reconciliations.
• Plays a key role in year-end audit and financial statement preparation.
• Responsible for maintenance of and adherence to internal control systems.
• Maintains documentation to support journal entries, schedules, and all work products.
• Reconciles and monitors changes to Investment Portfolio.
• Prepares and submits required regulatory reports.
• Reconciles and monitors Fed account Daily.
• Works with Cognos and ProfitStar software for financial research, report creation and data entry.
• Build constructive and effective relationships to support a collaborative work environment.
• Assists internal customers with financial research requests as needed.

General Responsibilities

• Performs other related duties as assigned by leader, which may include special project work.
• Understands and complies with banking regulations by following bank policies and procedures. Stays abreast of relevant regulations, current industry matters, and any changes implemented internally to ensure compliance.

Required Education & Experience

• Bachelor's degree in accounting or equivalent job experience.
• 2-4 years' experience in an accounting position, experience in a financial institution preferred.
• Knowledge of generally accepted accounting principles.
• Strong Analytical skills.

Additional Qualifications Include

• Ability to exhibit our values; Think Big, Be People-Centered, Enable Great Things, and Bring your Best.
• Has a desire to achieve and grow expertise and knowledge in the Accounting and Finance disciplines.
• Excellent verbal, written, and interpersonal communication skills.
• Proficient with Microsoft Office applications with a solid base of experience and knowledge using Microsoft Excel specifically.
• Can work well independently with guidance from supervisor.
• Experience using software to query financial records and perform financial research.

Hours of Work & Travel

• Full Time, regular employment (generally, Monday thru Friday 8AM-5PM)
• Minimal travel (generally less than 10%)

About Bank Iowa

At Bank Iowa our purpose is to Empower People, Inspire Success and Foster Growth. With more than $1.7 billion in assets, Bank Iowa ranks as one of the leading independent Ag banks and the second-largest family-owned bank in the state. Our bank family consists of team members, farmers, families and businesses throughout Iowa who we serve in our 26 locations. With an ongoing commitment to community banking Bank Iowa aspires to be the bank of choice for our clients, the career of choice for our team members, a center of influence in our communities, and a point of pride for our family owners.

While our purpose is our why behind all that we do, our values allow us to fulfill our purpose. At Bank Iowa we strive to Be People-Centered in everything we do. We encourage our team members to Think Big beyond the immediate answer and to be creative and innovative. Team members throughout Bank Iowa Enable Great Things by taking ownership and going above and beyond. Last, we inspire all team members to Bring Your Best each and every day.

What we Offer

• A competitive financial package we want you to bring your best so in addition to your compensation, every team member receives a bonus opportunity, a generous 401k match, and discretionary profit sharing
• Robust benefits and wellness - we are proud to offer health, dental and vision insurance as well as a wellness program designed to help drive down your premiums. Our wellness initiatives promote positive change and allows our team members to think big.
• Blending work and life – As a people-centered organization, each team member is given a generous PTO bank. In addition to the 3-6 weeks of PTO based on years of service and work status, Bank Iowa team members receive 10 paid observed holidays, 12 weeks of parental leave for primary caregivers and 4 weeks of parental leave for secondary caregivers, an opportunity for sabbatical leave, generous bereavement, and an employee assistance program to support team members throughout various stages in their lives.
• Continued learning opportunities – Bank Iowa enables great things and supports team member development at every stage of your career. Our development approach focuses on your innate talents and developing those into areas of strengths. Learning experiences are available in formal & informal training settings, as well, on-the-job training. Development programs are available in-person and online. Our tuition reimbursement program is available to support formal education programs.
• Community Involvement – Our team members are active members of their communities and people-centered. Bank Iowa aspires to be a center of influence in each of the 24 communities we are located in. In addition to company-sponsored volunteer opportunities, we offer volunteer time off (VTO), which allows team members to give their time to organizations they care about, without having to use PTO.
• Recognition – Bank Iowa is proud of our team members who Live our Values. Our peer nominated recognition program presents team members who Live our Values on an annual basis.

Bank Iowa provides equal employment opportunity to all individuals regardless of their race, color, creed, religion, gender, age, sexual orientation, national origin, disability, veteran status, or any other characteristic protected by state, federal, or local law.

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