Yuval Toren

About Yuval Toren

A graduate of Rutgers Business School with a Bachelor\'s degree in Accounting, currently contributing as an Accounting Analyst at Valley Bank. Focused on general and intercompany accounting, the role encompasses generating journal entries, analyzing financial activity, and conducting monthly account reconciliations. Strengths include proficiency in the month-end close process, prepaid accruals, payroll reconciliations, variance analysis, and utilizing BlackLine/SAP to analyze financial data.

Experience

1. Accounting Analyst

   Valley Bank

   Sep 2023 — Present · Morristown, NJ, US

   Collaborates with the accounting senior managers on the day-to-day operations of the Bank including journal entry processing, analyzing activity for accuracy/reasonableness and reviewing monthly account reconciliations and financial statements- Owns the accounting, regulatory reporting and certain operational aspects of Valley Financial Management, Valley’s broker-dealer subsidiary- Performs various accounting reconciliations, including a detailed review of prepaid vendors, prepaid insurance and real estate tax which involves identifying assets that have fully amortized and overseeing all accruals. Assists with reconciliation of accounts related to cash, loans, deposits and suspense balances as needed- Performs daily reconciliation of core IBS balances (loans and deposits) to the SAP General Ledger, investigating discrepancies and resolving breaks to ensure accurate financial reporting- Processes payroll/benefits for employees and collaborates with HR to resolve any issues or discrepancies- Provides general accounting support to Bank\'s operating subsidiaries and affiliates including (but not limited to) review of invoices for proper approval and allocation as well as submission to accounts payable for processing, generating journal entries, analyzing activity for accuracy/reasonableness, and preparing monthly account reconciliations and financial statements- Assists with roll-out of Blackline and Intellimatch (Data Integrity Manager) and collaborates with subsidiary and business process owners- Prepares monthly account variance analysis on commercial loans- Assists with the coordination of the interim and annual audits, including responding to information requests from external auditors and identifying opportunities to streamline audit processes and requests- Analyzes monthly and quarterly financial results, including preparation of detailed analytics and investigating unusual or significant differences with various stakeholders across the bank.

Education

• Rutgers Business School

  Bachelor's degree, Accounting

  2018 — 2022