Are you enthusiastic, highly motivated, and have a strong work ethic? If yes, come join our team! At Cathay Bank – we strive to provide a caring culture that supports your aspirations and success. We believe people are our most valuable asset and we proudly foster growth and development empowering you to achieve your professional goals. We have thrived for 60 years and persevered through many economic cycles due to our team members’ drive and optimism. Together we can make a difference in the financial future of our communities.
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GENERAL SUMMARY
The AVP, Accounting Manager will have a key role in overseeing the Bank's day‑to‑day accounting operations, month‑end close, financial and regulatory reporting, and will drive continuous improvement in processes and controls.
DIRECT REPORTS
This position will manage a Staff Accountant.
ESSENTIAL FUNCTIONS
- Manage and execute month end, quarter end, and year end closing activities, including journal entries, accruals, and account reconciliations.
- Prepare and file annual Form 571-L for all branches/departments.
- Prepare and submit daily, weekly, and monthly regulatory reports, including but not limited to FFIEC-009, FR-2900, FR-2644 and FR-2420.
- Prepare and file quarterly and annual Census Bureau Reports (BEA).
- Prepare investment accounting schedules, journal entries and reports.
- Prepare dilutive shares calculation and RSU tracking.
- Prepare and compile schedules for various sections of the SEC 10Q and 10K filings and Call Report, FR-Y9C and FR-YLP.
- Review, approve and sign-off on certain schedules provided by other departments for regulatory and SEC reporting.
- Review system interface reports, research interface differences and certify them monthly.
- Prepare weekly, monthly and quarterly financial reports for executive management and various committees.
- Assist with quarterly reviews and annual audits by preparing schedules, responding to auditor inquiries, and ensuring compliance with internal controls.
- Collaborate with cross functional teams including Deposit and Loan Operations, Marketing, IT, HR, Finance and others to ensure accurate financial reporting and support business initiatives.
- Responsible for the record keeping/accounting of the subsidiaries of Bancorp and Bank.
- Assist the Controller in the day-to-day operations to manage the general ledger, general ledger reconciliations and the expense reimbursement process.
- Lead, mentor, and develop accounting staff by setting goals, managing performance, and providing ongoing training and support.
- Undertake additional responsibilities and special projects assigned by the CFO, CAO and Controller.
QUALIFICATIONS
- Education: Bachelor’s degree in Accounting, Finance or related fields required.
- Experience: Minimum 3-5 years of progressive accounting experience, ideally in banking. Working knowledge of accounting procedures, reconciliations, financial and regulatory reporting and financial close and general ledger oversight. Supervisory experience required. Public accounting experience strongly preferred.
- Skills/Ability: Proficiency with Oracle PeopleSoft, IBS and SAP highly preferred. Strong knowledge of GAAP and internal control best practices. Advanced Excel skills, including Pivot Tables, LOOKUPs, and data analysis tools. Strong organizational, analytical, and communication skills. Ability to manage multiple priorities and meet tight deadlines in a fast paced environment.
OTHER DETAILS
$75K – $100K / year
Pay determined based on job-related knowledge, skills, experience, and location.
This position may be eligible for a discretionary bonus.
Cathay Bank offers its full-time employees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes, coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k).
Cathay Bank may collect personal information from potential job candidates and applicants. For more information on how we handle personal information and your applicable rights, please review our California Job Applicant Privacy Policy.
Cathay Bank is an Equal Opportunity and Affirmative Action Employer. We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex (including pregnancy and related medical conditions, childbirth and breastfeeding), reproductive health decision-making, sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or status as a protected veteran, or any other status protected by applicable law.
Click here to view the “Know Your Rights: Workplace Discrimination is Illegal” Poster:
Poster- English
Poster- Spanish
Poster- Chinese Traditional
Poster- Chinese Simplified
Cathay Bank endeavors to make www.CathayBank.comaccessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact, Mickey Hsu, FVP, Employee Relations Manager, at (626) 582-7370 or [email protected]. This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.
Skills Required
- Bachelor's degree in Accounting, Finance, or a related field
- 3-5 years of progressive accounting experience
- Working knowledge of accounting procedures, reconciliations, financial and regulatory reporting, financial close, and general ledger oversight
- Supervisory experience
- Banking accounting experience
- Public accounting experience
- Proficiency with Oracle PeopleSoft, IBS, and SAP
- Strong knowledge of GAAP and internal control best practices
- Advanced Microsoft Excel skills, including Pivot Tables, LOOKUPs, and data analysis tools
- Strong organizational, analytical, and communication skills
- Ability to manage multiple priorities and meet tight deadlines in a fast-paced environment
Cathay Bank Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Cathay Bank and has not been reviewed or approved by Cathay Bank.
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Healthcare Strength — Health coverage includes medical, dental, and vision with the employer covering a majority of premiums. Basic life and disability insurance are also provided.
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Retirement Support — A 401(k) with company match is available, with the match described as in line with many peer banks. Retirement planning support is also highlighted.
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Wellbeing & Lifestyle Benefits — An Employee Assistance Program and a structured wellness program with incentives are offered, alongside entertainment and bank‑fee discounts. External recognition highlights ongoing investment in well‑being and total rewards.
Cathay Bank Insights
What We Do
About us More than 60 years ago, we opened our doors at Cathay Bank to serve the growing Chinese American community in Los Angeles. We helped our clients put down new roots with cars and homes. We supported their businesses, which continue to sustain generations. We worked with them to cultivate communities united by a shared drive to create and build lives in Southern California. Over time, we’ve expanded along with our clients. Today, we’re a subsidiary of Cathay General Bancorp (NASDAQ: CATY), a publicly traded bank holding company that has grown to $20.9 billion in assets as of December 31, 2021. We operate in nine states across the United States, in California, New York, Washington, Illinois, Texas, Maryland, Massachusetts, Nevada, and New Jersey, and have outposts in Hong Kong, Beijing, Shanghai and Taipei. While the people we serve have evolved and changed, the spirit of what makes up our clients remain the same. Everyone believes in the power of initiative and perseverance. Each aims to achieve what’s possible. All strive to live their best lives. And we’re happy to work alongside them – providing the tools and services to get them where they want to go. Member FDIC Equal Housing Lender
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