Pay is based on a number of factors including the successful candidate’s job-related knowledge and skills, qualifications, and prior experience. Arvest offers a comprehensive suite of benefits, including a full range of health and life, financial, and wellness benefits. For more information about benefits, please visit www.arvest.com/careers/benefits .
Position is located onsite at 921 W. Monroe Ave. Lowell, AR with opportunity for some remote flexibility as business needs allow.
Position requires availability Monday through Friday from 8 am to 5 pm with the ability to work additional hours as needed.
We are seeking a talented professional to join our corporate accounting team as a Staff Accountant 2. You will play a key role in driving change and managing a variety of accounting tasks including ensuring complete and accurate financial reporting. This role is instrumental in supporting the organization's strategic goals through detailed general ledger accounting.
The ideal candidate will have experience in one or more the following:
- Financial statement review and analysis
- Journal entry preparation and review
- Four years of general ledger experience
- CPA Licensed or CPA Eligible
The story of Arvest is one of commitment started by our founders in 1961, with an intense dedication to focusing on our customers. We will always be active and involved members of the communities we serve, and we will always work to put the needs of our customers first as we continue to fulfill our mission – People helping people find financial solutions for life.
Job Title: Staff Accountant 2
The Staff Accountant 2 role is responsible for a variety of functions, including regulatory reporting, external and management financial reporting, and accounting duties requiring more knowledge and experience, such as investments, derivatives, FAS 91, leases, contract review, and software development costs. Specific duties include the preparation of assigned internal, regulatory, or external financial reports in accordance with company policies and procedures, Generally Accepted Accounting Principles (GAAP) and regulatory guidelines. The incumbent also provides accounting support to divisions and non-bank profit centers, as well as other accounting functions. The incumbent provides support and assistance to Staff Accountant 1.
We are seeking candidates who embrace diversity, equity, and inclusion in a workplace where everyone feels valued and inspired.
What You’ll Do at Arvest: (Other duties may be assigned.)
- Prepare, review, and record assigned monthly income and expense allocations of divisions and subsidiaries of the bank. Responsible for evaluating the need for and implementing process changes for the assigned allocations.
- Ensure proper accounting in accordance with GAAP for investments, derivatives, net loan fees and costs under FAS 91, leases, contracts, and software development costs. This includes maintaining any related software, processing monthly activity and preparation of reconciliations and management reports. Review reports produced for management to ensure reasonableness and accuracy. Thoroughly document accounting judgments and procedures performed. Keep up with changes to GAAP and ensure that those changes are reflected in the accounting for these items, in consultation with accounting management.
- Prepare, distribute, and file certain regulatory financial reports and other external financial reports as assigned by the appropriate regulatory agencies. Ensure that the regulatory reports are prepared in accordance with applicable regulatory guidelines and/or Generally Accepted Accounting Principles (GAAP). Obtain, organize, and maintain supporting documentation for the assigned regulatory and external reports. Follow up on questions and other items noted in management’s review of the reports with additional information and analysis as needed.
- Review Other Real Estate (ORE) additions for the bank and bank subsidiaries. Review all ORE set-up sheets prepared by the Staff Accountant 1s to ensure that the ORE is recorded in accordance with Generally Accepted Accounting Principles (GAAP). When issues are identified, work with Special Assets or the bank or division to resolve and adjust the ORE value as appropriate. Determine when additional research is needed to ensure that the ORE has been recorded properly.
- Review Other Real Estate (ORE) sales for the bank and bank subsidiaries. Determine when additional research is needed to ensure that the ORE sale has been recorded properly. Review ORE sale forms prepared by the Staff Accountant 1s for accuracy and proper accounting, including consideration of whether sale criteria were met, the impact of bank financing on the buyer, or the existence of other factors that would influence the accounting for the sale.
- Provide support to Staff Accountant 1s on researching significant variances and correcting any errors in a timely manner. Research significant variances in-depth and provide analysis to the banks, subsidiaries, divisions, or management, as appropriate.
- Prepare a variety of accounting general ledger entries and provide sufficient supporting documentation to allow for timely review and approval.
- Assist in gathering information for requests and inquiries of management, auditors, and or examiners.
- Provide support and assistance, onboarding, and training to the Staff Accountant 1s.
- Understand and comply with proper controls, documentation, company policy and procedures.
- Understand and comply with bank policy, laws, regulations, and the bank's BSA/AML Program, as applicable to your job duties. This includes but is not limited to; complete compliance training and adhere to internal procedures and controls; report any known violations of compliance policy, laws, or regulations and report any suspicious customer and/or account activity.
Responsibilities:
Toolbox for Success:
- Bachelor’s Degree in Accounting, Finance, or a related field of study, or equivalent work or military experience, required.
- 2 years of accounting experience required.
- Excellent organizational and analytical skills are required.
- A general understanding of Generally Accepted Accounting Principles (GAAP) is required.
- Strong computer skills with solid experience in Microsoft Excel and Word required.
- Strong written and oral communication skills required.
- Keen attention to detail and ability to multi-task and prioritize in a fast-paced environment.
- Banking experience preferred.
- Experience with Oracle EPM and Infor applications preferred.
- Relevant military experience is considered for veterans and transitioning service members.
Physical Demands:
The associate must be able to travel occasionally by themselves within the US, possibly overnight. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.
We offer competitive compensation, benefits packages, and significant professional growth.
Along with an excellent benefits package, our associates are engaged, rewarded for performance, and encouraged to grow professionally and personally. Our future is driven by our associates. If you want to be recognized for your results and empowered to reach your potential, we urge you to apply.
Grade 15
Pay Range: $59440 - $70585 per year