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SalaryJob Summary:
Supervise the accounting area of the credit union. In addition to develop, manage, and maintain reliable accounting information and reporting on income, expenses, assets, liabilities, and capital for management planning and decision making and for fulfillment of financial reporting requirements.
PRIMARY RESPONSIBILITIES:
- Perform accounting functions to include AP, AR, recordkeeping, GL, investments entries, payroll, and taxes entries.
- Prepare and enter daily and monthly general ledger transactions including investment activity and schedules, employee payroll, and COLI investment.
- Develop, implement, and evaluate policies and procedures for the Accounting and Collection Departments to ensure that policies and procedures reflect current regulations and are communicated to and implemented by subordinates.
- Post investment entries and reconcile the subsidiary records for the investment accounts.
- Review daily cash balances and maintain FED line/ bank accounts by wiring money to/from Federal Reserve/US Bank or other Correspondent Bank, verifying outgoing wires, daily roll-over, and reconciling cash accounts.
- Prepare, pay and file all accounts payable for the credit union after receiving proper authorization to include research and resolution of discrepancies in a timely manner.
- Enter data into accounting systems and generate reports on a daily basis.
- Prepare various financial, regulatory, and special reports on a weekly, monthly, and quarterly basis as requested by management.
- Stay up to date on rules and regulations related to all Accounting Operations functions.
- Daily balancing and general ledger entries.
- Complete tasks related to ACH, share drafts, returns, exceptions, wire transfers and other operations areas as needed.
- Assist with processing SEG payroll, share drafts, ACH, and ATM, Balance Sheet branching, GL reconciliations.
- Complete and maintain various general ledger reconciliations.
- Complete daily and monthly general ledger entries.
- Complete special projects such as implementation, research, automation, etc.
- Reconcile revenue / expense reports, unbilled variances, special projects, payroll and timesheet reports, and claims disbursements
- Prepare daily cash position analysis
- Responsible for general ledger reconciliation, analysis of financial accounts, and preparation of journal entries
- Provide end-of-month close entries and balancing reports as necessary
- Ensure that all activities of the department are in accordance with GAAP and that the accounting records are maintained accurately and in compliance with laws and regulations.
- Maintain a highly motivated, well-trained staff and on a regular basis evaluate their performance.
- Develop and recommend processes to streamline credit union accounting procedures
- Provide regular reports to management of all online accounting activities for the credit union's accounting/bookkeeping department.
- Set-up and run all prepaid and fixed asset items in the wisdom depreciation program.
- Conduct special accounting studies, analyses, and special projects as requested by management.
- Stay up to date with changing regulatory standards by participating in continuing education opportunities; and taking part in all training courses offered by the credit union
- Other duties that may be assigned by supervisor or management
POSITION REQUIREMENTS:
Education and Experience:
- Bachelors degree in Accounting or Business Administration or equivalent years of experience required
- Additional college course work related to accounting/bookkeeping is recommended
- Certified Public Accountant designation highly preferred
- Minimum 3 years of credit union, banking, accounting or general business experience'
Knowledge/Skill/Abilities:
- Excellent math skills and accounting knowledge
- Excellent verbal and written communication skills
- Be able to work well with others
- Trustworthy and ability to work with integrity
- Exhibit competency in using current technology, such as computer, calculator, etc. necessary to complete required and miscellaneous responsibilities
- Knowledge of credit union practice and regulations
- Detail oriented and high degree of accuracy
- Ability to problem solve and take initiative
- Be reliable
- Excellent management and supervisory skills
- Excellent organizational and time management skills
- Mastery of accounting software
- Proficient in Microsoft Office Suite or similar software
PHYSICAL DEMANDS
Nature of the work requires prolonged periods of sitting and/or standing at a desk working in front of a computer and operation standard office equipment. Must be able to lift up to 15 pounds at times.
WORKING ENVIRONMENT
The majority of the work performed will be in an office environment.
SUPERVISORY RESPONSIBILITY
None.
COMPENSATION INFORMATION
A competitive compensation and benefits package shall be offered to the selected candidate and includes the following: health, dental, vision, retirement plan, paid holidays, and paid time off. Base pay is $70,000.00.
EEO STATEMENT
United Credit Union is an Equal Employment Opportunity Employer. United Credit Union employees are employees at will. Employment may be terminated for any reason and likewise United Credit Union may terminate employment for any reason with or without notice.
