Amalgamated Bank seeks a NIM Accounting Manager to work full-time in our New York City office. The NIM (Net Interest Margin) Accounting Manager works under the guidance of and assists the Chief Accounting Officer in preparing and reporting financial statements conforming to principles of accounting and regulatory requirements.
The main role is to ensure the preparation and proper GAAP accounting for all items related the bank's net interest margin calculation. Ensuring integrity, accuracy, and timeliness of financial statements; monitor and strengthen internal controls and related documentation; ensure policy compliance; manage, develop and mentor professional staff.
Essential Job Functions:
1.Manages all accounting aspects of Loans, Securities, Deposits, and Borrowings
a. Loan Accounting
i. Posting of Accrued Interest for Purchased Loans
ii. Managing Axiom Purchased loan module
iii. Reconcilement and Investigation
iv. TDR / OREO
v. Liquidations and gain/loss calculations
vi. ALLL reconciliation
vii. Delinquency reporting, non-accrual reporting
viii. Charge-off / Recovery monitoring / analysis
ix. Deferred cost / fee monitoring / analysis
i. Monthly P&I processing
iii. Trade Accounting / Delivery & Settlement
iv. Mark to Market Calculation and booking
c. Deposits & Borrowings
i. Reconcilement and analysis
ii. GL posting and settlement processes
d. Cash Balance Monitoring
i. Interest and Dividend postings
ii. Reconcilement and Analysis
2.Supports any other departmental function as needed
3.Perform other duties as directed.
Amalgamated Bank is an Equal Opportunity and Affirmative Action Employer, Minorities / Females / Individuals with Disability / Veterans.
AmeriCorps, Peace Corps and other national service alumni are encouraged to apply.
View our Pay Transparency Statement.
Submission of a resume or any information regarding your qualifications does not constitute a promise or offer of employment. At Amalgamated Bank, we consider an applicant to be someone who has interviewed at least once, in person, with the hiring manager. Amalgamated Bank does not sponsor applicants for work visas.