Job Description

About Working at Commerce

Building a career here is more than just steps on a ladder. It’s about helping people find financial safety and success, helping businesses thrive, and making sure people and their money are taken care of. And our commitment doesn’t stop there. Our culture is about our people, the ones in our communities and the ones that work with us.

Here, you’ll find opportunities to grow and learn, to connect with others, and build relationships with the people around you. You’ll have the space and resources to grow into the best version of yourself. Because our number one investment is you.

Creating an award-winning culture doesn't come easy. And after 160 years, we know Commerce Bank is only at its best when our people are. If this sounds interesting to you, keep reading and let’s talk.

Compensation Range

Annual Salary: $93,000.00 - $125,000.00 (Amount based on relevant experience, skills, and competencies.)

About This Job

The main purpose of this job is to support the corporate accounting function for the Bank and its subsidiaries. This position is responsible for the accurate application of generally accepted accounting principles (GAAP) for all product lines and operational functions.

Essential Functions

• Perform and maintain the allowance for credit loss (ACL), a key judgmental estimate within the financial statements

• Prepare the monthly estimation for the allowance for credit loss using the Company’s developed model ensuring assumptions, data input and processes are complete and accurate, analyze results and identifies and resolves any issues

• Prepare sections of the quarterly Call Report which require knowledge of the regulatory rules, Commerce products and reporting capabilities and collaboration with various departments across the bank

• Prepare regulatory financial reports, along with internal management reports and analyses for senior leadership.

• Assist in preparation of SEC disclosures by gathering information needed and assess information for accuracy, completeness and verify that it meets the reporting requirements

• Determine the proper accounting treatment for unusual and/or complex transactions

• Assist in implementing new accounting processes and procedures for new or changing bank products or regulations ensuring information is correctly reported

• Monitor general ledger activities for accuracy and completeness, analyze and investigate account fluctuations

• Prepare detailed documentation used in review and audit procedures

• Assist in monthly, quarterly and annual close processes

• Support special projects and perform other duties as assigned

Knowledge, Skills & Abilities Required

• Strong knowledge of generally accepted accounting principles (GAAP) and ability to apply as needed

• Motivated and organized self-starter with strong attention to detail and the ability to manage multiple priorities, meet deadlines and complete work with a high degree of accuracy

• Inquisitive, agile and strong team player with excellent written, verbal and interpersonal communication skills, with ability to frequently communicate to senior manager, officers and executives

• Ability to remain adaptable and resilient to all situations with an optimistic outlook and cast a positive shadow that is aligned with our culture and Core Values High level of analytical and problem solving skills

• Intermediate level proficiency with Microsoft Word, Excel, Outlook & Teams

Education & Experience

• Bachelor’s degree in accounting required

• 5+ years of accounting experience or 3 years with public accounting experience required

• Certified Public Accountant (CPA) strongly preferred

*Hybrid Schedule: In office 3 days per week

**Level of role is determined by knowledge, experience, skills, abilities, and education

***For individuals applying, assigned and/or hired to work in areas with pay transparency requirements, Commerce is required by law to include a reasonable estimate of the compensation range for some roles. This compensation range is for the Accounting Manager-Corporate or Senior Accounting Manager-Corporate level job and contemplates a wide range of factors that are considered in determining most appropriate job level and making compensation decisions, including but not limited to location, skill sets, education, relevant experience and training, licensure and certifications, and other business and organizational needs. The disclosed range estimate has not been adjusted for any applicable differentials (geographic, bilingual, or shift) that could be associated with the position or where it is filled. At Commerce, compensation decisions are dependent on the facts and circumstances of each situation. A reasonable estimate of the current base pay is $93,000 to $125,000 annually. This position will be eligible for additional compensation through performance-based incentive plan(s) that will correspond to meeting performance goals.

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The candidate selected for this position may be eligible for the following employment benefits: employer sponsored health, dental, and vision insurance, 401(k), life insurance, paid vacation, and paid personal time. In addition, we offer career development, education assistance, and voluntary supplemental benefits. Click here to learn more.

Location: 1000 Walnut St, Kansas City, Missouri 64106

Time Type:

Full time