Accounting Associate

Welcome to PeoplesBank! We are the largest mutually chartered bank in Western Mass and Northern Connecticut, we are proud to lead the way in green values, sustainable energy financing, and charitable giving. Our commitment to operating in the best interest of our customers is matched by our dedication to fostering an inclusive and engaging work environment. We offer excellent compensation, workplace flexibility, and a competitive benefits package to our associates. Our award-winning culture has earned us recognition as the Best Place to Work and Best Local Bank. Join our team of dedicated and innovative individuals and be a part of our dynamic, successful organization. Let's make a difference together!

Summary:

We are seeking a detail-oriented and motivated Accounting Associate to join our finance team. In this role, you will be responsible for managing the full accounts payable cycle and supporting a variety of general accounting functions. Key responsibilities include processing vendor payments, maintaining accurate financial records, assisting with general ledger reconciliations, and contributing to the month-end close process. The ideal candidate will have a strong foundation in accounting principles, excellent organizational skills, and the ability to work both independently and collaboratively in a fast-paced environment. This is a great opportunity for someone looking to grow their career in accounting within a supportive and professional setting.

Essential Duties and Responsibilities:

• Oversee the full accounts payable process, including invoice approvals, expense allocations, and general ledger postings.
• Ensure timely and accurate payments via check, wire, and ACH in compliance with bank policies.
• Review and process invoices with proper authorization and cost center allocation.
• Reconcile vendor statements, resolve discrepancies, and maintain accurate AP records for audits.
• Monitor payment schedules to optimize cash flow and capture early payment discounts.
• Respond to vendor inquiries and manage documentation such as W-9 forms and address updates.
• Prepare and file annual 1099 forms in compliance with IRS and banking regulations.
• Monitor select balancing accounts for unusual activity and investigate discrepancies.
• Assist with daily and monthly balance sheet reconciliations to ensure financial accuracy.
• Track and report the bank's daily cash position.
• Prepare journal entries for daily operations and financial close processes.
• Provide backup support to accounting team members to maintain continuity.
• Respond to ad hoc requests from senior finance leadership.
• Other duties as assigned.

Education and Experience:

• Associates or bachelor's degree in finance or accounting
• One to two years of relevant experience
• Or an equivalent combination of education and experience

Skills Required:

• Thorough understanding of basic accounting principles and procedures, with ability to train others in related practices and procedures.
• High level of accuracy, integrity and attention to detail.
• Strong organizational skills.
• Excellent written and verbal communication skills.
• Ability to follow verbal and written instructions.

Computer/Technical Skills:

Work Environment and Physical Demands:

The working conditions and physical demands described here are representative of those that must be met by an associate to successfully perform the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the associate is regularly required to sit, use hands to sort, write and keyboard, and to listen and speak. The associate is frequently required to reach, walk, stoop, crouch. The associate is occasionally required to stand, lift, bend, drive and travel.