At Solvay Bank, our formula for success combines the traditions of our culture and a sharp strategic vision. We are a growth-oriented community bank that fosters excellence, pride, teamwork and engagement in our workplace. Consider an opportunity as part of our finance team.Loan Accounting & Risk SpecialistThe Loan Accounting & Risk Specialist develops, interprets, and maintains the Accounting for Credit Losses calculation and supporting documentation for asset quality assurance. This includes preparing the Bank's Allowance for Credit Losses (ACL) calculations, reviewing third party reports regarding ACL, maintaining documentation supporting the ACL model and coordinating with management to analyze, summarize and prepare recommendations for the ACL calculations. This position is also responsible for summarizing and preparing reports for Credit Loss, Delinquency, Risk Ratings, etc. and working with Credit Administration for accurate reporting of asset quality as well as assisting in other finance and accounting initiatives as required.The ideal candidate will have a bachelor's degree in accounting or finance, a comprehensive knowledge of accounting principles and internal control requirements, as well as 3 to 5 years of public accounting or banking experience.For over 100 years Solvay Bank has been dedicated to our customers and our community. Join us and enjoy the many rewards; matched 401(K) retirement savings, health and dental coverage, and more.Internal applications must be submitted by 03/06/2024Solvay Bank is an EOE/AA/Disability/Veteranhttps://dol.ny.gov/system/files/documents/2023/06/p690-your-rights-as-an-employee-to-express-breast-milk-at-work-.pdfhttps://dol.ny.gov/system/files/documents/2022/02/ls740_1.pdfPosition Title: Reports To:Loan Accounting & Risk Specialist AVP, ControllerPOSITION SUMMARY:Develops, interprets, and maintains the Accounting for Credit Losses calculation and supporting documentation for asset quality assurance.JOB RESPONSBILITIESPrepares the Bank's monthly and quarterly Allowance for Credit Losses (ACL) calculations for loans, investments, and off-balance sheet commitments, including support detail and analysis.Reviews third party reports surrounding statistical analysis and forecasting of ACL input and modeling criteria.Summarizes and prepares reports on Credit Loss, Delinquencies, risk ratings, charge-offs and recoveries, loans modifications with financial difficulty, and allocated loss reserves.Works with Credit Administration for accurate reporting of asset quality.Ensures up to date documentation of key internal control surrounding the ACL.Maintains documentation of supporting information for the ACL model.Coordinates with management to analyze, summarize, and prepare recommendations to update to the ACL calculations.Assists with gathering information for internal and external audits and regulatory examinations.Assists in the preparation of the bank's annual report and quarterly call report. Researches, gathers data to prepare regulatory agency and government reports.Assists as necessary with general ledger reconciliations.Performs other tasks as requested by manager as they relate to the bank and its functions.Adheres to bank policies and procedures.QUALIFICATIONS:Comprehensive knowledge of accounting principles and internal control requirementsExcellent written and oral communication skills.PC skills with a Windows environment.EDUCATION AND/OR EXPERIENCE:4-year college degree in accounting or finance3-5 years public accounting or banking experience preferredPHYSICAL DEMANDS: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 function.While performing the duties of this job, the employee is regularly required to use hands to finger, handle or feel objects, tools or controls; reach with hands and arms; and talk or hear. The employee frequently is required to stand, walk, sit, and climb stairs. Specific vision abilities required by this job include close vision, distance vision, peripheral vision, depth perception, and the ability to adjust focus.WORK ENVIRONMENT:The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions. The noise level in the work environment is moderate. #J-18808-Ljbffr
