Who We Are

First Fed is a local community bank on an exciting growth trajectory with 16 locations in 5 counties across Washington. We are committed to investing in our amazing team and technologies which enable better service of our customers and communities. In 2021, First Fed was recognized as a Best Workplace by Puget Sound Business Journal and a Best Bank by Forbes, Peninsula Daily News and Bellingham Alive. 

We welcome applicants from all backgrounds – our diversity makes us stronger. In 2023, we will celebrate our first 100 years of service.

Our Values

Optimism:  We are positive and decisive. We believe the future will be better than the past. Our attitude demonstrates persistence which leads to success.

Initiative:  We are self-starters and find innovative solutions. We are courageous, entrepreneurial, and passionate. We take action for good.

Respect:  We include individuals from diverse backgrounds and with different perspectives. We are committed to honoring and serving others.

Growth:  We learn and adapt so we can continually improve. We believe in personal growth through grit and determination.

Ownership:  We are invested in our endeavors. We are accountable and take responsibility for our actions and decisions.

 

Position Purpose:

Provide professional level support in Bank and Holding Company accounting activities to ensure that accurate and timely financial information is produced and distributed to Senior Management, the Board of Directors, regulators, and all others so that they can make informed business decisions.

Senior Accountant job duties may be split between multiple accountants and individual job duties may vary

Essential Functions:

• Loan Balancing, Accounting and Reporting
  • Balance loan portfolio to the General Ledger, assure proper accounting for deferred fees and related loan accounts.
  • Work closely with SEC & Financial Reporting team to clear outstanding reconciling items
  • Responsible for accurate accounting for off-core loans
  • Prepare monthly internal loan reports, related quarterly Call Report support files, loan collateral certifications and loan related audit and tax return schedules as needed.
• Investment Balancing and Reporting
  • Post investment purchase and sale journal entries.
  • Reconcile investments monthly and review transactions for reasonableness.
  • Evaluate coverage of public fund and tribal account deposits. Work with Treasurer to pledge additional securities as needed.
  • Prepare monthly and quarterly public deposit commission reports and quarterly Call Report support files.
  • Prepare loan related audit schedules as needed.
• Fixed Assets
  • Responsible for maintaining fixed asset records for the Bank, including preparation of monthly reports, journal entries schedules for audit and tax,  as needed. 
  • Prepare annual personal and real property tax reports and coordinate the related semi-annual tax payments.
• FinTech Accounting
  • Responsible for ensuring that the bank’s fintech related accounting is accurate and timely. Including designing new processes and procedures for existing and new FinTech relationships.
• Review and approve Accounts Payable batches and maintain corporate credit card program
• Management Reports and Other
  • Assist with technical accounting and reporting projects, analyses, and other projects as needed.
  • Maintain and create custom reports as needed.
• Monthly Accruals, complex journal entries and monthly schedules and reports
• State and Local Tax Returns
  • Prepare monthly state excise tax returns and quarterly local excise tax returns. Understand Washington State tax laws and assure organization remains in compliance.
• Reconciliations
  • Reconcile monthly Balance Sheet accounts as assigned. Assure source documents support GL balances, identify discrepancies, and recommend corrective action, understand, and update processes as necessary to facilitate balancing. 
• Accounting System Maintenance
  • Prepare mapping of general ledger accounts on various systems.
  • Perform periodic general ledger account review for accounts to inactivate.
• Cross-Training and Backup
  • Provide backup support to a variety of accounting, finance, and reporting functions
• Training
  • Maintain current knowledge of accounting and auditing issues.
  • Understand industry issues and how they apply to First Federal.
  • Attend internal training offered by First Federal where applicable as well as develop personal training objectives.
  • Share knowledge and insights with others.
• Meetings
  • Attend meetings as necessary both within the department and without.
  • Communication is key to developing positive working relationships throughout the organization.
  • Provide feedback and offer solutions as appropriate.
• Ensure compliance with applicable federal and state regulations pertinent to this position.
• Maintain regular and predictable attendance.
• Perform related duties and responsibilities as required.

Qualifications/Requirements:

• Bachelor’s Degree in Accounting, or the equivalent.
• Typically requires four (4) years of relevant accounting experience including financial statement preparation, financial audits, accrual accounting and calculation of significant estimates.
• Banking experience a plus.
• CPA a plus.
• Thorough knowledge of general accounting principles, federal regulations, and organization’s policies and procedures as they relate to financial statements.
• Ability to understand, follow and contribute to the organization’s internal control policies.
• Must be flexible and meet deadlines as required to achieve company goals and objectives.
• Ability and willingness to learn and perform a variety of different functions within the Accounting Department in order to facilitate planned and unplanned absences as they occur.
• Ability to effectively collaborate with interdepartmental teams.
• Excellent time management skills with the ability to multi-task and consistently follow up in a timely, effective manner is necessary.
• Above average verbal and written communication skills and highly effective interpersonal skills are necessary.
• Excellent analytical and mathematical skills are required.
• Incumbent must be an active learner with demonstrated ability to seek out resources and address own learning needs effectively.
• Knowledge and experience with MS Office Professional software, with an emphasis on Excel and its functionality, ability to learn customized software for banking industry.
• Develop and maintain a working knowledge of First Fed policies, procedures, and systems.

Pay Range

• The pay range for this position is $72,026.24 - $122,444.61
• The typical hiring range for this position is min $72,026.24 – $82,650.11
  
• The incentive plan for this position is the Staff Support Incentive plan. It is paid out quarterly with a 5% target payout.
• Employees will be eligible for our benefits package including medical, dental, and vision insurance, paid time off, retirement plans (401k with company match and Employee Stock Ownership Plan), gym membership reimbursement, discounts on our banking products, and more!  Additional information on our benefits package can be viewed at https://www.ourfirstfed.com/careers