Ameriserv Financial Bank - Johnstown, PA

posted 25 days ago

Full-time
Johnstown, PA
Credit Intermediation and Related Activities

About the position

The Trust Accountant Specialty Real Estate Officer is responsible for managing the accounting aspects related to the valuation of Specialty Real Estate Funds. This includes preparing financial statements, conducting asset valuations, and ensuring compliance with reporting requirements. The role involves collaboration with real estate advisors, external auditors, and internal teams to maintain accurate financial records and provide insights into fund performance.

Responsibilities

  • Perform the periodic valuation of the Specialty Real Estate Funds including general ledger account postings, and for each fund, a balance sheet and income statement to determine market value.
  • Prepare project valuation worksheets to support reported individual underlying fair market asset values.
  • Review and analyze appraisals received for investment projects of the Specialty Real Estate Division.
  • Initiate and execute the daily operational transactions for the Specialty Real Estate Funds, including posting payments and expenses.
  • Prepare fund analysis, diversification graphs and performance reports that include appropriate benchmark comparisons.
  • Prepare required governmental reports, including Form 5500, on a timely basis for assigned Specialty Real Estate Management accounts.
  • Resolve problems reported by investors, underwriters and others, and provide assistance regarding their questions and concerns.
  • Provide guidance, training, and assistance to other staff members of the department.
  • Participate in conference calls with underwriters regarding potential and existing real estate projects.
  • Visit project sites and compile a list of comments, recommendations, concerns, observations.
  • Keep informed of new developments, policies, laws and regulations concerning valuation issues, real estate lending, and retirement plans.
  • Assist or maintain the departmental Vault Log, including periodic Vault trips and recording of documents taken/removed.
  • Assist in the preparation of various risk management reports pertaining to the Specialty Real Estate Fund portfolio.
  • Perform various administrative duties within the department, including document imaging, copying, filing, and maintenance of department files.
  • Work with Commercial Lending Department to facilitate the ordering and monitoring of commercial appraisals.

Requirements

  • Bachelor's degree in Business Administration, Accounting or a related field is required.
  • Prior bank-related experience is preferred.
  • Effective communication, organizational, analytical and interpersonal skills.
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