About Us
Live Oak Bank is a digital bank that serves small business owners across the country. Our groundbreaking spin on service and technology has fueled our mission to be America’s Small Business Bank. Our products help customers buy, build, and expand their business, and our high-yield savings and CD products help them grow their hard-earned money. At Live Oak, we never lose sight of the well-being of our people. We believe our employees are the heart of our company. Our commitment to our customers and culture is intertwined, and we seek those who embody and embrace what it takes to empower the American dream.
How This Role Impacts Live Oak And Its People
The Senior Accounting Associate impacts every aspect of Bank and Subsidiary accounting. This role is responsible for reviewing and posting all general ledger entries and processes for accounting operations.
What You’ll Do At Live Oak
- Responsible for reviewing all invoice, employee reimbursement and corporate credit card processing
- Responsible for review of Fixed Assets and Prepaids
- Responsible for Bank and Subsidiary payroll allocations
- Stays abreast of policies and procedures to ensure Associates are using correctly in processes
- Prepares monthly general and flight accruals
- Responsible for creating biweekly payroll and benefit payables entries
- Perform monthly SBA guarantee fee reconciliation to capture any discrepancies
- Assist in internal and external audit requests
- Process consolidated tax estimates, returns, and extensions
- Pull quarterly 1099 reports to review for accuracy
- Assist in month end closing processes
- Responsible for maintaining and enforcing accounting operations policies and procedures
- Maintains and seeks to create efficiencies in accounting operations
- Reviews all Accounts Payable processing for completeness and accuracy before posting and prior to payment
- Responsible for month-end General Ledger Accruals and Payroll Allocations
- Reviews intercompany transactions, processes income tax accruals and other monthly or quarterly entries
- Provides guidance to Associates that are responsible for recording the acquisition, monthly depreciation, or disposition of Fixed Assets
- Reviews and approves monthly recording of Fixed Assets depreciation and Prepaids processing
- Maintains company-wide leases and makes appropriate intercompany entries
- Communicates accounting department payment processing procedures and helpful tips to Bank employees as needed
- Maintain and research general ledger discrepancies
- Review all manual general ledger entries
- Execution of monthly general ledger closing process
- Maintain a high standard of regulatory awareness including BSA, AML, CIP, and OFAC
Required Experience
- Bachelor’s degree in Accounting, Finance or Business
- 5 years of related experience in the Financial Accounting industry
- Proficiency in computer software packages
Preferred Experience
- Master’s degree in Accounting, Finance or Business or CPA certification
Our Values
- Dedication: 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: Take initiative to deliver positive results by proactively and creatively solving problems, while maintaining a high degree of quality.
- Respect: Treat everyone with courtesy, politeness, and kindness.
- Innovation: Embrace fresh ideas and fearlessly contribute new solutions to emerging or existing problems.
- Teamwork: Foster collaboration, accountability, and trust with others and understand that together, we do more
For a detailed overview of our employee benefits please visit:
http://www.liveoakbank.com/careers/
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 HumanResources@liveoak.bank.
EEO is the Law
The base pay range for this position is $71,960.00 - $113,080.00 per year. Compensation may also include annual bonuses and long-term incentives, subject to various metrics and company policy. A candidate’s salary is determined by several factors including travel, relevant work experience or skills and expertise.
Please note that we provide at least the minimum requirement of paid sick leave to our employees who reside in states that require employer-paid sick leave, including but not limited to Arizona, California, Colorado, District of Columbia, Maine, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New Mexico, New York, Oregon, Rhode Island, Vermont, and Washington.
