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Staff Accountant I - AP Specialization

Company: Stock Yards Bank & Trust
Location: Louisville
Posted on: June 12, 2021

Job Description:

Stock Yards Bank and Trust Company is a wholly owned subsidiary of Stock Yards Bancorp, Inc. (NASDAQ; SYBT), with company assets totaling over $4 billion. Founded in 1904, Stock Yards Bank has evolved from a small bank serving the Louisville livestock industry to a nationally recognized bank known for exceptional service and financial performance. Our capabilities align well with those of national banks, but our focus has always been building a strong relationship with our customers while providing an engaging work environment for our employees. Stock Yards Bank has consistently received recognition for being one of the best places to work in Kentucky.

Since 1904, Stock Yards Bank & Trust has become one of the region's premier community banks - renowned for the close, personal attention that distinguishes us from other financial institutions in our market. Our bank actively seeks individuals to help us build trusted partnerships and further our success. We are pleased to announce there is an opportunity for you to advance your achievements as a Staff Accountant I - AP Specialization while helping us further our success.

As a Staff Accountant I - AP Specialization, your day will be filled with opportunities to process all accounts payable transactions for the Bank. Experience in accounting with strong math and balancing skills is important while Stock Yards Bank & Trust will provide a professional environment to continually improve the candidate's skills and to further his/her career goals for advancement to higher levels within the banking profession.


Daily responsibilities include, but are not limited to, the following:

Process accounts payable transactions for the bank. This includes the following:

  • Review invoices/expense reports for appropriate documentation and approval prior to payment;
  • Determine/apply appropriate accounting methods to govern payments (expense vs. capitalize);
  • Complete data entry of appropriate information into accounts payable system
  • Manage departmental 1099/W9 processes;
  • Ensure SYB compliance with prevailing policies (expense reimbursement, IRS mileage rules, etc.);
  • Prepare & submit monthly sales & use tax return to states where SYB has nexus;
  • Prepare & submit various regulatory filings;
  • Assist with month-end GL closing processes (establish accruals, monitor vendor payment history);
  • Formally prepare adequately supported various month-end reconciliations for select accounts;
  • Monitor, research and summarize expenditures as assigned/needed;
  • Process rent payments received;
  • Assist with managing the AP Workflow system and provide basic troubleshooting for employees in other departments;
  • Assist in reviewing and summarizing SYB lease agreements;
  • Ensure the accounting treatment of leases are accurate;
  • Prepare & record adequately supported journal entries;
  • Assist with other projects as needed
  • Special projects as requested by AP Manager/Controller;
  • Serve as a back-up to other Accounting personnel;

Job Requirements

  • The successful candidate will have the following qualifications:
  • Bachelor degree in accounting, business administration or a related discipline is strongly preferred.
  • 0 - 2 years with a Bachelor degree from a relevant field of study. Demonstrated history of previous work experience is highly desirable.
  • 2 -4 years with an Associate degree from a relevant field of study with relevant experience.
  • Employees are expected to represent Stock Yards Bank & Trust in a professional manner to customers and outside contacts.
  • Employees must have excellent interpersonal communication skills, consisting of the ability to write and speak effectively to others. Employees must be a productive team player, with the ability to learn, apply training and comprehend policies and procedures. Employees should also be flexible to changing working situations and able to meet deadlines as they arise.
  • Must be well organized and a self-starter
  • Detail oriented, professional attitude, reliable
  • Possess strong organizational and time management skills;
  • Strong problem solving skills, basic accounting principles knowledge, documentation skills, research and resolution skills, data analysis and multi-tasking skills
  • Ability to work independently and with a team in a fast-paced and high volume environment with emphasis on accuracy and timeliness
  • Proficiency with MS Excel and Word software applications is required.
  • Pursuit of an advanced degree or certification is highly desirable.

Keywords: Stock Yards Bank & Trust, Louisville , Staff Accountant I - AP Specialization, Other , Louisville, Kentucky

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