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Senior Accountant

Posted: 04/21/2024

Midwest BankCentre is proud to be recognized as one of St. Louis’ Top Workplaces for 2021, 2022 and 2023!    

About Midwest BankCentre

Midwest BankCentre is a values-based bank that has been a mainstay of St. Louis community banking since 1906. Our purpose is to help regional communities thrive by creating the conditions to help Main Street, marginalized communities and multicultural markets live into their full potential.  We work to empower people, enable business and energize neighborhoods through the strength of our financial services, including personalized consumer and business banking, business cash management, mortgage lending, home equity loans, financial planning and investments, insurance and digital banking.

We are committed to making meaningful, long-term investments in communities that lift everyone up so we can all RISE TOGETHER.  Our commitment to shared prosperity, our investment in Community and Economic Development and our dedication to diversity and inclusion are reflected is the ways Midwest BankCentre lives its purpose. 

A few more facts about Midwest BankCentre:

  • We are ranked as one of the top employers in the region because of our commitment to our team members and the communities we serve.
  • We rank among the St. Louis Region’s largest locally owned banks.
  • We have 16 locations throughout Missouri and Illinois, including the City of St. Louis and St. Louis, St. Charles, Jefferson, and St. Clair Counties.
  • We have state of the art online and mobile banking platforms that allow us to meet customers where they are to help them get to where they want to be.
  • We foster a culture that supports your success and professional growth.

Objectives of this Role

The Senior Accountant will report to the SVP, Chief Accounting Officer and will be responsible for performing highly specialized work in maintaining accounting records of the Bank and maintain accurate, timely and meaningful production of financial and regulatory reports. 

Essential Functions

  • Maintain the integrity of the Bank’s general ledger.
  • Strong understanding of accounting rules (i.e., generally accepted accounting principles) and bank regulations and be able to maintain compliance with both.
  • Manage Staff Accountant, including establishing goals and objectives and leading the team to achieve these goals.
  • Supervise the accounting for the investment securities portfolio, as well as pledging related to public funds and repurchase agreements.
  • Verify that all adjustments for month-end accruals for revenue and expenses, prepaid asset amortization and other closing entries are properly recorded to maintain accurate financial records in accordance with GAAP.
  • Record the quarterly intercompany service fees.
  • Record month end journal entries, including but not limited to commissions, SWAPs, Deferred Comp, Healthcare, etc.
  • Assist with the month end closing process; review financial results for accuracy and completeness.
  • Reconcile assigned general ledger accounts according to appropriate timeframes and requirements.
  • Investigate general ledger reconciling items and take the necessary actions to ensure they are cleared timely.
  • Maintain the accounting for the Holding Company and subsidiaries, including preparation of journal entries and month end closing process.
  • Prepare the month end tax calculations for the Bank, Parent, MBCIA and Rising Analytics which effectively closes the books at month end.
  • Develop procedures that ensure ongoing adherence to all internal and external control requirements related to areas of responsibility.
  • File the monthly BIC report with the Federal Reserve Bank.
  • File the quarterly FHLB BBC reports for borrowing.
  • Ensure all regulatory and legal filings are completed timely and accurately including but not limited to quarterly Call Reports and Y-8, semi-annual Y-9SP for the Parent Company, and any other required Federal Reserve reports.
  • Prepare the quarterly Consolidated Risk Based Capital Calculation.
  • Prepare Annual Footnote Schedules as assigned.
  • Comply with all audit and regulatory requirements.
  • Regularly conduct weekly touch points with direct reports (check-ins) and periodic team meetings (huddles) to promote communication and development of the team and team members.

 Other Duties

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities are as required and may change at any time with or without notice.


  • Customer Centric Focus
  • Diversity and Inclusion
  • Act with Integrity
  • Collaboration and Teamwork
  • Results Oriented/Execution
  • Business Acumen
  • Empowerment
  • Create Vision and Alignment
  • Reward and Recognize Employees 

Skills and Qualifications

  • Bachelor’s degree in accounting or finance.
  • CPA license, post-graduate coursework or MBA preferred.
  • Three or more years accounting experience or an equivalent combination of education and experience.
  • Working knowledge of GAAP accounting issues as they relate to the banking industry.
  • Experience working with accounting and reporting systems such as Jack Henry.
  • Ability to analyze, research, present, and coordinate.
  • Excellent communication, customer service, and time management skills.
  • Ability to pass a background check.
  • Strong dedication to accuracy and efficiency.
  • Ability to work extended hours as required.

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. 

While performing the duties of this job, the employee is regularly required to talk or hear. This is largely a sedentary role; however, some filing is required. This would require the ability to lift files, open filing cabinets and bend or stand on a stool as necessary.  

Don’t meet every single requirement? Studies have shown that women and people of color are less likely to apply for jobs unless they meet every listed qualification. Midwest BankCentre is recognized nationally for its Diversity, Equity, and Inclusion practices and embraces these practices as a competitive advantage.   

If you’re excited about this role but your experience doesn’t align perfectly with every qualification in the job description, we encourage you to apply anyways. You may be the right candidate for this or other Midwest BankCentre roles!  

AAP/EEO Statement

An Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability. 

We thank all applicants in advance for their interest in this position and Midwest BankCentre. Only applicants selected for an interview will be contacted.

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