Job description
Job Title: Treasury Accounting Analyst
Reports To: Treasury Controller
Direct Reports: N/A
Salary Grade: 8/8A
SUMMARY
This position is responsible for ensuring the integrity of Treasury Operations’ business activities such as the
accurate processing of investment transactions, the processing of investment accounting transactions, and the adequate
tracking and pledging of collateral for investments and public depositors. This includes the building of relationships and
processes with safekeeping banks and investment brokers.
EDUCATION AND EXPERIENCE REQUIREMENTS
- Bachelor’s degree in accounting or finance
- 4+ years of experience in accounting or financial environment
- Ability to work under strict time deadlines and assume ownership of role
- Strong computer, organizational, communication and management skills
- Proficient in Microsoft Office programs
- Ability to work independently with little or no supervision
- Ability to prioritize assigned tasks
- Ability to work with sensitive and confidential information
- Participate in all required compliance training, including Bank Secrecy Act/anti-money laundering training, as well as internal and external training programs, online training, meetings, and seminars/conferences, etc.
JOB FUNCTIONS
TREASURY ACCOUNTING:
Wholesale Funding & Investment Portfolio
- Reconcile Wholesale Funding and Investment Portfolio transactions from Subsystem to GL on a daily basis
- Investigate outages between subsystems and GL
- Reconcile securities inventory between subsystem and safekeeping agents
- Prepare Day One and Month One accounting entries for securities and wholesale funding acquired in Merger and Acquisition activities
- Ensure securities are correctly priced on a monthly basis
- Assist with reviewing bond accounting and safekeeping reports for accuracy
Derivative Accounting
- Prepare and post all necessary entries related to derivative trades and settlements
- Prepare and post accounting entries for derivatives including Mark-to-Market and interest accruals
- Prepare and post accounting entries for margin being called and posted from counterparties, including all clearinghouses
- Reconcile Sub-system to GL
- Prepare Day One and Month One accounting entries for derivatives acquired in Merger and Acquisition activities
Reporting
- Prepare treasury-related financial information, including investment portfolio, derivatives, and provide analysis of related balances for monthly, quarterly and annual financial reporting,
- Prepare closing entries in a timely manner & ensure compliance with GAAP and all existing and new statutory & regulatory reporting requirements
- Take part in the preparation of monthly derivative reporting for ALCO and derivative subcommittee
- Prepare analyses of performance relating to securities, derivatives, and other related matters for reporting to Audit Committee Board, Board of Directors and any other relevant Boards or steering committees
Procedures and Controls
- Support SOX compliance review of controls related to Treasury Accounting and Operations functions
Other
- Develop a working understanding of how bond accounting and derivative systems work and the products being loaded
- Update procedures for all aspects of Treasury Accounting activities
- Other duties as assigned
TREASURY OPERATIONS (as needed as a backup and to handle overflow)
General Operations
- Ensure timely and accurate settlement of trades, i.e. bonds, brokered & bank certificate of deposits, reverse repo, swaps, tri-party, FHLB Advances & Overnight Fed Funds as needed
- Verify trades within bond accounting system as needed
- Assist with wires related to investments, wholesale funding, derivatives and other transactions as appropriate as needed
- Assist with Investment Subsidiary Principal & interest monthly payments as needed
- Maintain documentation associated with counterparties and transactions within bond accounting system as needed
Collateral Management
- Monitor public deposit accounts daily to ensure adequate collateral as needed
- Monitor and manage collateral by working with safekeeping agents to release and re-pledge securities as needed for public deposits, repurchase transactions, swaps and other borrowings
- Maintain accurate collateral records in bond accounting system as needed
- Assist with customer service relating to public customers and their auditors as needed
Derivatives
- Verify derivative transaction entries in derivative system as needed
- Affirm derivative information within Markitwire matches trade details for cleared derivatives as needed
- Confirm information received from counterparty matches trade details for bilateral derivatives as needed
- Settle periodic (depending on terms) payments between UCBI and counterparties for bilateral derivatives as needed
- Settle accounts with clearinghouses for margin, fees and payments daily as needed
Reporting
- Maintain audit ready documentation of all trades
SUPERVISORY RESPONSIBILITY
This position manages does not employees
WORK ENVIRONMENT
Blairsville, GA or Greenville, SC
POSITION TYPE
This is a full-time position that requires schedule flexibility to work evenings and weekends as needed.
TRAVEL
This position requires up to 10% travel.
OTHER
We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity and/or expression, status as a veteran, and basis of disability or any other federal, state or local protected class.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
The job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Other duties, responsibilities and activities may change or be assigned at any time with or without notice.
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