Accounting Supervisor - Operations Details

Accounting Supervisor - Operations

Live Oak Bank - Wilmington, NC

Employment Type : Full-Time

About Us
Live Oak is more than a bank. Live Oak helps people realize their full potential so they can create meaningful impact at work, home or in their communities. As an innovation hub, we fully embrace a bold approach to solving problems and surpassing goals. Daily life at Live Oak centers around a culture of taking care of each other, which has made us one of the most desirable places to work. We’ve topped the list of American Banker’s “Best Banks to Work For” because of our unparalleled dedication to our people. Our commitment to our customers and our culture is intertwined, so we seek those who embody and embrace what it takes to empower the American dream. Learn more at liveoakbank.com.

How This Role impacts Live Oak and its People
The Accounting Supervisor for Operations and Accounts Payable impacts every aspect of Bank and Subsidiary accounting. This role is responsible for policies, procedures, and overall efficiency of accounting operations.

What You’ll Do at Live Oak

• Responsible for month-end close out of Bancshares, Bank and affiliates
• Responsible for appropriate treatment of Company transactions
• Stays abreast of accounting pronouncements
• Supervises Bank’s Accounting Associates and Seniors within the Accounting Operations function

How You’ll Do It

• Responsible for developing and maintaining accounting operations policies and procedures
• Maintains and seeks to create efficiencies in accounting operations
• Monitors the General Ledger daily for significant changes, out of balance items, and elimination entries
• Responsible for month-end close out of Bancshares, Bank and affiliates, to include equity adjustments and reconciling entries
• Ensures that intercompany transactions, income tax accruals and other monthly or quarterly entries necessary for closing that are the responsibility of others within finance are recorded before books are deemed closed
• Provides oversight for the fixed asset, prepaid and accrual ledgers as large items are identified
• Ensures that appropriate systems and internal controls are implemented and maintained in accounting operations
• Works with Loan Operations Manager on cross-team general ledger, process, and new product issues
• Maintains company-wide leases and makes appropriate intercompany entries
• Stays abreast of accounting pronouncements
• Maintain proper documentation as required for record retention purposes
• Engage in special projects as required

Required and Preferred Experience

• Required: Bachelor’s degree in Accounting, Finance or Business
• Preferred: Master’s degree in Accounting, Finance or Business or CPA certification
• Required: 5 years of related experience in the Financial Accounting industry
• Required: Proficiency in computer software packages

Required to Thrive at Live Oak

• Dedication – You possess a deep commitment to Live Oak Bank’s mission and core values, exemplified through a strong work ethic, adaptability and pride in your work.
• Ownership – You take initiative to deliver positive results by proactively and creatively solving problems, while maintaining a high degree of quality.
• Innovation – You embrace fresh ideas and fearlessly contribute new solutions to emerging or existing problems.
• Teamwork – You foster collaboration, accountability and trust with others and understand that together, we do more.
• Respect – You treat everyone with courtesy, politeness and kindness.

“The above statements are intended to describe the general nature and level of work being performed by the incumbent assigned to this_ classification._ They are not intended to be construed as an exhaustive list of all responsibilities, duties and/or skills required of all personnel so classified.”

Live Oak Bank is an Affirmative Action and Equal Opportunity Employer, Minorities/Women/Veterans/Disabled. We consider applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, genetic information, veteran status or disability. Equal access to programs, service and employment is available to all persons. Those applicants requiring reasonable accommodation to the application and/or interview process should notify human resources at careers@liveoak.bank

EEO is the Law

Commitment to Diversity
Live Oak Bank is committed to creating and maintaining a workplace in which all employees have an opportunity to participate and contribute to the success of the business and are valued for their skills, experience, and unique perspectives. This commitment is embodied in company policy and the way we do business at Live Oak Bank and is an important principle of sound business management.

Job Type: Full-time

Work Location: Multiple Locations