Under the direction of the Chief Financial Officer (CFO), the Account Specialist primarily performs the following internal accounting functions: initiates fund transfers, maintains brokered CDs, balances internal and external bank accounts, general ledger accounts, and investment portfolio. Responsible for maintaining the bank?s collateral pledges, prepares IOLTA interest report and submits funds, prepares withholding tax report and submits funds; assists CFO with several accounting related functions including calculating bank liquidity. Maintains accurate and detailed records in regard to all balancing functions and other duties in order to fulfill the requirements of various bank audits and exams, both internal and external. Also performs the Accounts Payable function for the holding company and the bank including filing 1099?s each January. Prepares required government report, FR2900 and monitors internal operating accounts.

Essential Functions

Assists CEO and CFO in monitoring bank security portfolio and computing accruals, accretion and amortization. Makes all entries for principle and interest payments.

Monitors and ensures sufficient collateral pledged to secure public funds.

Cross trains in duties and shares responsibility with second Accounting Specialist to balance all internal accounts as required and resolve any out-of-balance conditions

Maintains Fixed Assets accounting.

Assists CFO with various accounting duties to include calculating bank?s liquidity, maintains numerous spreadsheets in order to provide information to management on as as-needed basis and reconciles employee expense card/accounts to TIB statement each month.

Inputs general ledger entries into accounting system for entries required to be made as a result of certain balancing procedures, i.e. securities to bond accounting reports, due from bank account entries, etc. Resolves non-posts and GL out of balance issues.

Ensures month-end closing of books for all companies is accomplished satisfactorily and completely.

Monitors accounts with correspondent banks and ensures sufficient balances maintained. Balances TIB and correspondent bank account daily and resolves all issues related to out-of-balance conditions. Balances account with FRB daily and resolves all issues related to out-of-balance conditions.

Supporting Functions:

Maintain reports on required pledging for public deposits.

Process garnishments, levies and subpoenas as necessary.

Prepares for monthly meeting for the Board of Directors.

Additional Responsibilities

Performs other duties as assigned by CFO as they relate to the Bank and its functions.