What are the responsibilities and job description for the Accounting Manager position at Merck Sharp & Dohme FCU?
POSITION DESCRIPTION
JOB TITLE: | Accounting Manager | GRADE LEVEL: | EX5 |
DEPARTMENT: | Accounting | FLSA: | Exempt |
DATE: | March 2026 |
|
|
Reports directly to: | VP of Finance |
|
|
Position Summary:
The Accounting Manager oversees the daily operations of the accounting department, ensuring accuracy, compliance with GAAP and NCUA regulations, and efficiency in all financial processes. This role provides leadership and hands-on support to maintain high service standards and deliver timely, reliable financial information that supports organizational goals.
Duties and Responsibilities:
Service Commitment
The Accounting Manager is expected to uphold the credit union’s service standards as evaluated by our internal and external members:
- I will greet you with a prompt, friendly welcome
- I will treat you with courtesy and respect
- I will offer you my undivided attention
- I will take ownership of situations and follow through
- I will provide accurate information and helpful solutions
- I will do all I can to improve your financial life
- I will thank you for your business
Key Responsibilities
- Develop departmental goals, strategies, policies and procedures, and lead implementation of approved changes.
- Manage and make recommendations regarding staffing, hiring, performance evaluations, compensation adjustments, promotions, transfers, and terminations within the accounting function.
- Coach, develop, and mentor team members to drive high performance, accountability, and professional growth.
- Oversee all accounting functions, including general ledger maintenance, month end close, accruals, accounts payable and fixed asset accounting. Includes back-office functions such as Wire Transfer, ACH and Draft Exceptions.
- Ensure accounting records comply with GAAP, credit union policies, and NCUA regulations.
- Keeps abreast of back-office regulations including National Automated Clearing House Association (NACHA) and Regulation E. Makes recommendations to the VP of Finance concerning necessary changes to credit union policy and procedures to comply with regulatory changes.
- Supervise daily and monthly reconciliation of all general ledger accounts, ensuring accuracy and timely resolution of outstanding items.
- Reviews monthly expenses and income for reasonableness and to ensure accruals are made when necessary.
- Prepare accurate monthly financial statements and supporting reports.
- Provide analysis on special projects as requested by VP of Finance or CEO.
- Assists VP of Finance with Asset Liability Management reporting.
- Oversee preparation and submission of the quarterly NCUA Call Report (5300).
- Prepare standard and customized reports for management and Board packets.
- Identify opportunities for process improvements, automation and efficiency within accounting operations
- Support the annual audit, NCUA Examinations, and any external or internal audits
- Assist with budgeting, forecasting, and variance analysis in collaboration with the VP of Finance
- Perform additional duties as assigned to support departmental or organizational needs.
Core Competencies:
- Demonstrates strong analytical ability and sound judgment in evaluating financial data and operational processes.
- Recognizes and leverages technology as a competitive advantage to improve efficiency and accuracy
- Possesses strong leadership and communication skills, with the ability to influence and collaborate effectively across all levels of the organization.
- Models an enterprising, team‑building leadership style that fosters trust, engagement, and high performance.
- Motivates and inspires employees to embrace a sales and service-oriented culture aligned with the credit union’s mission.
- Upholds exemplary work ethics and consistently demonstrates integrity, accountability, and reliability.
- Shows commitment to the organization’s business vision and strategic goals, understanding the requirements necessary to achieve them.
- Acts as a role model for professionalism, service excellence, and continuous improvement.
Education: Bachelor’s degree in accounting, finance or related field required.
Experience: Minimum of three to five years of accounting experience, preferably within a credit union, bank, or regulated financial institution. Prior supervisory or managerial experience is strongly preferred.
Skills: Must have excellent communication skills – oral, written, verbal, and presentation.
Must be able to work effectively with all levels of employees.
Proficiency in Microsoft Office products, especially Excel, Word, and PowerPoint.
Proficiency in technology solutions relevant to Accounting and Finance