Bank accountants are responsible for reviewing and preparing financial documents for financial institutions. They generally work in office environments during traditional business hours, though additional hours may occasionally be required depending on the employer. Travel is not typically required, and the job is not physical in nature.
Bank accountants may have a variety of responsibilities, including: preparing financial statements; examining and analyzing accounting records; assessing financial reports to ensure completion and accuracy; ensuring compliance with all tax laws and procedural and legal standards; developing and implementing accounting systems; modifying and documenting records; reporting to necessary management regarding finances; analyzing all business trends and operations; surveying operations to find solutions to financial problems; developing, maintaining, and analyzing budgets; preparing accounting/bookkeeping forms and manuals; computing and preparing tax returns; advising management regarding resources and budgets; providing various auditing services; and examining and maintaining the records of government agencies.
A bachelor’s degree in accounting, finance, or a related field is generally required for this position, and some employers may prefer those with a master’s degree in business administration. Aspiring bank accountants should also have obtained a certified public accountant degree, as they will be responsible for filing reports with the Securities and Exchange Commission (SEC). Ongoing education may also be required depending on the institution. Candidates for this position should be highly analytical and have excellent communication and organizational skills.
Bank Accountant Tasks
Maintain records of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.
Maintain general ledger as needed.
Analyze financial data in order to prepare financial reports.
Generate and interpret financial records and statements for management.