What are the responsibilities and job description for the Controller position at Executive Alliance?
Responsible for ensuring that outstanding service is delivered to both internal and external members. In addition, the Controller is responsible for establishing and maintaining the Credit Union’s fiscal record keeping systems by utilizing generally accepted accounting principles; adheres to all laws and regulatory compliance to properly reflect the financial position of the Credit Union; ensures that all financial related activities run smoothly and efficiently while ensuring compliance with Credit Union policies and procedures.
Job Function : Responsibilities :
- Promotes teamwork, respects the opinions, abilities, and contributions of others, and conveys a willingness to assist and cooperate with others for the benefit of the organization.
- Assists in attaining established goals and adheres to all credit union standard operating policies and procedures, as well as state and federal regulations and guidelines. Responsible for accurately completing daily task activities and entering data promptly.
- Develops, tests, and implements policies and procedures (manual and computerized) for maintaining accurate accounting records and preparing reports.
- Responsible for recording and reporting tangible taxes, backup withholding, tax exemption status, and credit life & disability insurance.
- Manages, compiles, and ensures the accuracy of the quarterly regulatory requirement, maintaining the Profile and all work papers involved in preparing the 5300. The Controller is also responsible for following up on historical errors and discrepancies in the reported data.
- Process the CECL calculation, assist the CEO with CU Investments, approves consumer and mortgage loans as needed.
- Maintains and monitors Liquidity Analysis to determine the seasonality of deposits and loans and to support minimum liquidity needs; monitors the cash flow of the credit union’s liquid assets daily.
- Maintains records of Credit Union investments and properly records investment income. Maintains a schedule of accrued income on investments. Ensures that investments are appropriately classified on the Statement of Condition following Credit Union Policies and with GAAP. In consultation with the CEO and by investment authority delegated to management by the Board, makes investment decisions.
- Develop and implement processes to streamline and automate the accounting department’s processes and procedures. Assists the CEO with updating policies and revising procedures related to the Credit Union.
- The incumbent will oversee the creation of the monthly financial package and the financial presentation for the board. The incumbent will also develop the monthly financial presentation that goes to the board.
- Assists the CEO with preparing the annual budget and projections based on input from management and the board, including budget modeling. Maintains current knowledge and awareness of the financial industry status and trends to assist the CEO in making decisions.
- Assists the CEO and the office Manager with gathering essential records and reports needed by outside Auditors / Examiners; assists Auditors / Examiners while on sight at Credit Union.
Job Requirement : Requirements :
