Junior Accounting Clerk

Role: Junior Accounting Clerk

Location: New York City (Downtown Financial District)

Purpose of Role:

The Junior Accounting Clerk supports the organization's financial operations by ensuring accurate records, maintaining regulatory compliance, and assisting with audits. This role is key to managing inter-branch and inter-bank accounts, and preparing financial reports. Collaborating with manager and senior staff, the Junior Accounting Clerk helps uphold transparency and accountability while promoting continuous improvement in financial practices.

Major Responsibilities: ? Manage and respond to confirmation requests from financial institutions, ensuring timely and accurate communication. ? Oversee the maintenance of approved budgets and track holidays observed by the Federal Reserve System using the AS/400 system. ? Collaborate with independent auditors to facilitate the external audit process and assist in addressing any findings from audits or regulatory examinations. ? Prepare and organize documentation for various audit examinations, including internal and external audits. ? Monitor and maintain exchange rates for major currencies in the AS/400 system, ensuring up-to-date information is readily available ? Generate and report on monthly asset deposits from branches and agencies of foreign banks. ? Conduct reconciliations for Nostro/Due from Bank Accounts (including filing MT950), ensuring accuracy and compliance with regulatory standards. ? Compile and submit reconciliations for inter-branch accounts and manage the approval process. ? Review and validate accounting reports using the Report Processing Query System (RPQS). ? Compile financial data for regulatory reporting, including the Report of Transaction Accounts and Vault Cash (FR 2900). ? Control the receipt and utilization of blank official check stock and ensure accurate imaging of cleared checks. ? Organize daily transaction documentation and maintain accurate records for internal processes. ? Verify financial data related to liabilities and communicate findings to the Funding Division. ? Ensure the integrity of general ledger and sub-ledger accounts within the AS/400 system. ? Undertake additional responsibilities as assigned by management to support the overall objectives of the finance team.

Skills, Competencies and Experience Preferred:
? An Associate or Bachelor?s degree in Accounting, Finance, or a related field is preferred.
? Strong attention to detail and excellent organizational skills.
? Proficiency in accounting software, particularly AS/400, and Microsoft Office Suite (Concentration in Excel and Outlook)
? Effective communication and interpersonal skills, with the ability to work collaboratively.
? A proactive approach to problem-solving and a commitment to continuous improvement.
? Bilingual in Mandarin / English

Apply Job!