Job Information
OceanFirst Bank Staff Accountant General Accounting & Regulatory Reporting (EDGE Program) in Red Bank, New Jersey
Position : Staff Accountant General Accounting & Regulatory Reporting (EDGE Program)
Location : Red Bank, NJ
Requisition ID: : 4011
At OceanFirst Bank, each one of our employees plays an important role in fulfilling the mission and taking responsibility to execute daily tasks in alignment with our core values. Together we foster an environment of respect, professionalism and diversity that makes OceanFirst a great place to work and do business.
Great benefits include: on-site fitness facility at Red Bank and Toms River headquarter offices, hybrid schedule after initial onboarding has been completed (3 days in office, 2 days remote), employee perks & discount programs, tuition assistance, incentive compensation program, professional development opportunities, and more! Apply today to #BecomeOceanFirst and make an impact in the local community!
The EDGE development program is a full-time, direct-position placement program for college graduates and early career professionals. The EDGE program is designed to help you build the skills that you need to be successful in your role. This program offers a variety of exciting career paths that will provide an opportunity to flourish in an inclusive environment as you learn the ins and outs of the Banking industry and build leadership and technical skills. Joining the OceanFirst Bank team will allow you to work in a fun, diverse environment where you'll gain exposure to the multitude of businesses within the company.
In your first 18 months, you'll get the benefits of:
Hands on experience in several departments throughout the organizations including frontline operational functions in our Customer Care Center and Branches.
Professional development courses including Communication, Leadership, Diversity and Inclusion, Teamwork, Networking, and additional Self-paced trainings offered in OFB University.
Mentorship and support throughout duration of program and beyond.
Peer collaboration opportunities to create bonds and lifelong relationships.
This role is based at our Red Bank, NJ headquarters office, and the program is set to begin in June 2024.
PRIMARY PURPOSE:
The Staff Accountant will be responsible for handling the Bank’s accounting procedures, supporting operational activities, and ensuring compliance with generally accepted accounting principles as adopted by the Bank. This position will be a flexible resource within the accounting department covering a range of responsibilities such as ensuring the accuracy and completeness of general ledger transactions, financial reporting, and regulatory reporting. This role will also provide support for the preparation and filing of the weekly and quarterly regulatory filings including FR-2900, FR-2644, Call Report, etc.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
Maintains or prepares financial reports, records and general ledger accounts in accordance with established accounting policies and practices.
Prepares journal entries, analyses, account reconciliations, and supports the month end close process.
Performs general ledger account reconciliations, verify accuracy of data, and report, identify, and correct errors as required.
Assists the department with accounting analyses and problem solving including, but not limited to: implementation of new accounting pronouncements, integration of new systems, conversions of existing systems, general ledger maintenance, analyze transactions and data sets with internal and external stakeholders.
Assists in providing schedules and commentary with respects to variances and comparisons between periods, both budget and actual.
Responds to information requests, reviewing financial statements, and assisting with audits (internal and external).
Assists with compliance of bankwide Sarbanes Oxley controls, risk assessments, and other related initiatives.
Participates in the review and/or redesign of operational processes to support reconciliation, dataflow controls, and increase the operational efficiency of the Bank’s accounting systems.
Assists in preparation of the weekly and quarterly filings such as FR-2900, FR-2644, Call Report, etc.
Performs other related duties as assigned by the accounting department, which includes but is not limited to, preparation of schedules for monthly and/or quarterly reporting, supporting accounts payable, etc.
JOB SPECIFICATIONS:
Knowledge, Skills & Abilities
Excellent organizational skills and attention to detail.
Excellent oral and written communication skills.
Strong analytical skills with superior aptitude for numbers.
Understanding of and the ability to adhere to generally accepted accounting principles.
Proficient in Microsoft Word, Excel, and PowerPoint – knowledge of Power BI and RPA is a plus.
Reliable, dependable, and maintain a degree of flexibility.
Demonstrated ability to inclusively collaborate with others to solve problems.
Experience & Education
Bachelor’s degree with a concentration in Accounting required.
Eligible to sit for the Certified Public Accounting exam a plus.
A minimum of 1 – 2 years of experience in the field or in a related area.
Internal and External Contacts
Maintains frequent contact with the accounting department, other departments, and senior management.
Maintains occasional contact with consultants and auditors.
Working Conditions/Physical Requirements
Hybrid work environment and ability to travel throughout the Bank’s footprint.
For Recruiting Agencies
OceanFirst Bank does not accept agency resumes submitted by third-party vendors unless a valid agreement has been signed and the OceanFirst Bank Talent Acquisition Team has granted authorization for submissions regarding a specified position. Please do not forward resumes to us, OceanFirst Bank employees or any other company location. OceanFirst Bank is not responsible for any fees related to unsolicited resumes.