Position Summary

Primarily responsible for contributing to an efficient and effective month-end close process, efficiency enhancements, GAAP and RAP application/research, and accurate financial/ regulatory reporting. Responsible for creating, updating and implementing procedures for the Accounting Department.Assists VP Accounting with departmental initiatives and projects. Maintains quality service standards set by the organization.

Essential Duties and Responsibilities

• Assists with the month-end close process, including completion of assigned tasks and variance analysis within prescribed timeframes.
• Prepares regulatory reports in accordance with GAAP and RAP, including NCUA 5300 call report.
• Prepares detailed loan subservicer reconciliations.
• Completes assigned GL reconciliations and related research to minimize losses.
• Performs loan participation and investment accounting entries. Prepares monthly and quarterly investment schedules.Monitors cash balances for purchases and settlements.
• Performs general ledger system maintenance.
• Confirms financial reporting accuracy by monitoring revenues, expenses and budgets, analyzing variances, validating consolidation of financial data, and monitoring balance sheet accounts.
• Performs investor accounting and reporting for loans sold on the secondary market.
• Identifies process improvement opportunities and represents the Accounting Department in process improvement initiatives as needed.
• Assists independent auditors, examiners and internal audit staff during audits and reviews, as requested by senior management.
• Performs special projects as assigned, including Accounting research, analysis, and implementation into all Accounting Department processes.
• Participates in tax reporting, support preparation, audit/review, and tax payments.
• Cross trains on other positions in the Accounting Department as directed.
• Prepares and maintains Accounting policies and procedures
• Participates in AML/BSA compliance training as assigned.Adheres to credit union AML/BSA policy and procedures including CTR rules and form preparation, identifies and refer suspicious activity to the Compliance Department, performs OFAC comparisons, and properly identify individuals in accordance with Branch Operations procedures.

Other Duties & Responsibilities

• Perform other duties as assigned.
• Comply with all established safety and security guidelines set forth by the organization.

Physical Demands and Work Environment

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.Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to sit; use hands to handle, or feel objects, tools, or controls; and talk or hear.The employee is occasionally required to stand; walk; reach with hands and arms; climb or balance; and stoop, kneel, crouch, or crawl.

The employee must occasionally lift and/or move up to 25 pounds.Specific vision abilities required by this job include close vision, distance vision, peripheral vision, depth perception and the ability to adjust focus.

The noise level in the work environment is usually moderate.

Minimum Qualifications (Education, Experience, Skills)

• Bachelor’s degree in Accounting, Finance or a related field. CPA or other Accounting designation is preferred.
• 7 years of experience with complex accounting processes and procedures, preferably in a financial services environment. A combination of financial services experience with Accounting experience may be considered.
• Excellent understanding of accounting guidance, including but not limited to GAAP and FASB ASC.
• Strong computer skills with emphasis in spreadsheet languages, such as Excel.
• Strong analytical, critical thinking and problem solving skills.
• Excellent organizational skills and the ability to meet deadlines as required.
• Highly developed oral and written communication skills.
• Experience with maintaining and reconciling general ledger systems.