Position
Finance & Accounting Specialist

PRIMARY OBJECTIVE

The Finance & Accounting Specialist supports the accurate and timely accounting and financial reporting for Bankers’ Bank of the West, its holding company, and affiliated subsidiaries (collectively, “the Organization”). This position ensures compliance with generally accepted accounting principles (GAAP), tax, and regulatory requirements, maintaining accurate financial records that reflect the Organization’s financial position. The Specialist contributes to the integrity of internal controls, including support for vendor-related processes and disbursement activities, assists with financial analysis and reporting for management and regulatory bodies, and supports key accounting operations to promote the Organization's overall fiscal health and transparency.

Title and level may be adjusted based on experience and qualifications.

MAJOR DUTIES/RESPONSIBILITIES

• Work under general supervision and in compliance with established policies, procedures, and regulations.

• Maintain and reconcile data integrity between accounting systems, subsidiary ledgers, and reporting platforms; assist with system upgrades, testing, and implementation as needed.

• Assist in documenting and maintaining accounting procedures and internal controls to ensure compliance with applicable regulatory frameworks.

• Perform detailed reporting and analysis of information for use by management and the Board of Directors, including preparing and interpreting financial trend analyses, variance reports, and ratio analysis to support management decision-making and strategic planning.

• Administer the accounts payable and expense reporting, including gathering and reviewing of invoices; act as liaison with vendors and payees for tax information and billing issues; accurately enter payments into the Organization’s accounting systems; prepare, print, and mail checks or send payments following appropriate signatures or approvals; and issue replacement and stop payments.

• Process payroll activities, including preparation and review of employee batches, validation of payroll data, and submission through the payroll system in accordance with established procedures and controls.

• Ensure compliance with the Organization’s expense and capitalization policies, including accurate Concur system processing and timely expense payments.

• Prepare and submit periodic income, sales, use, and personal property tax payments.

• Support third-party risk management processes by maintaining alignment between accounts payable activity, vendor contract terms, and due diligence requirements; assist in identifying upcoming contract renewals, expirations, and documentation gaps to promote timely review by responsible business units.

• Assist with vendor documentation, including contracts and due diligence records, to support audit readiness, regulatory examinations, and internal reporting.

• Manage fixed asset accounting, coordinating with other departments on acquisitions and disposals.

• Complete monthly reconciliation and journal entries associated with the bank’s investment portfolio, fixed assets, and other forward-looking accruals.

• Perform month-end closing of general ledger, including calculation of capital ratios, cost of funds, and income tax accruals, preparation of financial statements and schedules, journal entries, and general ledger review and analysis used for management and regulatory reporting.

• Monitor accrual balances and amounts, recommending adjustments as necessary.

• Process billing and collection of affiliated subsidiaries’ accounts receivable and complete associated accounting.

• Administer shareholder accounting, reporting, and transactions, and fulfill audit requests.

• Coordinate collection of materials for annual financial audit and regulatory examinations.

• Prepare periodic regulatory reports, including the Call Report, FR 2644, FR Y-6, FR Y-8, FR Y-9SP, etc.

• Support the preparation of annual budgets, periodic forecasts, and asset-liability management reports through data compilation, variance analysis, and documentation.

• Identify opportunities to streamline accounting processes, improve accuracy, and enhance reporting efficiency through automation or workflow optimization.

• Assist in monitoring and reporting on financial risks or exposures identified through reconciliations, variance analyses, or regulatory reviews.

• Maintain related policies and reporting procedures to comply with internal control requirements.

• Respond to comments and perform special projects from senior management and external auditors.

• Ad-hoc research and reporting, information gathering, and other duties and special projects as assigned.

• Provide guidance or cross-training to colleagues on accounting procedures, expense reporting systems, or regulatory filing requirements as needed.

• Support and assist the Safekeeping & Investments, Wire & Funds Transfer, Cash Management, and other departments or positions, as necessary, including performing daily, weekly, and monthly account reconciliations.

• Provide infrequent front desk phone coverage when staffing needs require.

 This list is not all-inclusive and is subject to additions, revisions, and deletions as the business necessitates.

Bankers' Bank of the West (approximately 10%):

• Support the bank's internal information security and compliance program

• Assist with internal audits, examinations, and security assessments as needed.

• Provide backup support for CISO

This list is not all-inclusive and is subject to additions, revisions, and deletions as the business necessitates

REQUIRED EXPERIENCE/EDUCATION

• Bachelor’s degree in finance, accounting, or a related business discipline; or an equivalent combination of education, training, and relevant experience.

• Minimum of five (5) years of progressive experience in banking, financial reporting, accounting, or bookkeeping.

• Preferred: Experience with financial institution accounting systems, regulatory reporting, or audit coordination.

• Experience in accounts payable, accounts receivable, reconciliations, and tax reporting (including sales, use, and personal property tax).

• Strong understanding of GAAP and regulatory reporting requirements (e.g., Call Reports, FR Y-series, Federal Reserve, or FDIC filings).

• Demonstrated ability to analyze data, identify variances or trends, and prepare management-level reporting.

• Proven experience in month- and year-end close processes, journal entries, and general ledger maintenance.

REQUIRED KNOWLEDGE/SKILLS

• Strong analytical, organizational, time-management, problem-solving, and accurate data entry skills.

• Excellent verbal and written communication, customer service, and interpersonal skills across all organizational levels and varying degrees of banking, finance, and accounting knowledge.

• Commitment to confidentiality, accuracy, and internal control standards.

• Ability to work independently and as part of a cross-functional team with the ability to multitask, with a willingness to learn and support other departments as needed, work with others professionally and cooperatively, while promoting a positive image of the Organization.

• Demonstrate a high degree of attention to detail, accuracy, initiative, and dependability.

• Maintain positive relationships and communicate effectively with customers, employees, and management.

• Proficiency in Microsoft Office applications (Excel, Word, and Outlook), Adobe Acrobat, QuickBooks, and Concur (or similar software applications), with a willingness to adapt to new technology. Experience with bank core accounting systems or financial reporting platforms is a plus.

• Understanding of banking regulations, laws, and procedures.

• Authorization to work in the U.S. without employer sponsorship.

WORK ENVIRONMENT

• Primary workspace designation is onsite.

• Professional environment in a secure high-rise office suite in downtown Denver, CO.

• Working hours may vary between 6:00 a.m. and 5:00 p.m. Mountain Time, Monday through Friday. The primary hours are 7:30 a.m. and 4:30 p.m. Mountain Time, Monday through Friday, with infrequent overtime as needed.

• Extended periods of desk-based computer and telephone usage.

• Ability to lift up to 40 lbs.