Job Description
Job Description
We are seeking a highly organized and detail-oriented Accounting Specialist to join our credit union. This role involves a variety of accounting responsibilities, including managing financial transactions, preparing reports, and ensuring compliance with internal and external regulations. The ideal candidate is adaptable, efficient, and has a passion for delivering accurate financial results to support the success of our credit union.
Key Responsibilities :
1. General Ledger Management :
- Record, reconcile, and maintain general ledger accounts accurately and in a timely manner.
- Prepare and post journal entries for various financial activities, including adjustments and accruals.
2. Accounts Payable and Receivable :
Process invoices and payments, ensuring compliance with internal policies.Monitor receivables, record member payments, and follow up on outstanding balances.Reconcile accounts payable and receivable ledgers.3. Reconciliation and Reporting :
Reconcile bank accounts, loan accounts, and investment accounts.Assist accounting firm prepare monthly, quarterly, and annual financial statements, including balance sheets, income statements, and cash flow statements.Generate reports on budget performance, variances, and financial trends for management review.4. Regulatory Compliance :
Ensure compliance with all applicable regulations, including NCUA (National Credit Union Administration) guidelines.Assist with preparing documentation and reports for audits and examinations.Stay updated on relevant accounting standards and regulatory changes.5. Budgeting and Forecasting :
Assist in the development and monitoring of the credit union’s annual budget.Provide analysis and recommendations for improving financial performance and cost efficiency.6. Internal Controls :
Monitor and enhance internal accounting controls to safeguard the credit union's assets.Identify opportunities to streamline processes and improve operational efficiency.7. Collaboration and Support :
Work closely with other departments to address financial needs and provide accounting expertise.Assist with payroll processing and benefits administration as needed.Perform additional tasks or projects as assigned by management.Qualifications and Skills :
Education : Bachelor’s degree in accounting, Finance, or a related field preferred, or equivalent experience.Experience :Minimum of 2–3 years of accounting experience, preferably within a credit union, bank, or financial institution.Familiarity with credit union accounting systems and regulatory requirements is a plus.Technical Skills :Proficiency in accounting software (e.g., QuickBooks, Fiserv, or similar) and Microsoft Office Suite (Excel, Word, Outlook).Strong understanding of GAAP (Generally Accepted Accounting Principles).Soft Skills :Exceptional attention to detail and accuracy.Strong organizational and time-management abilities.Excellent communication and interpersonal skills for collaboration across teams.Ability to maintain confidentiality and handle sensitive information professionally.Work Environment :Office-based role with occasional overtime during month-end, quarter-end, and year-end closings or audits.As part of a small team, the role may involve cross-functional tasks or support to other departments when needed.Physical Requirements : Must be able to lift and carry items weighing up to 20 pounds, such as files or office supplies.Compensation and Benefits :
Competitive salary based on experience.Comprehensive benefits package, including health insurance, retirement plan options, paid time off, and professional development opportunities.
