Controller

Objective:

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.

Responsibilities:

• Abides by MEFCU Promises when helping a member or co-worker to ensure timely responsiveness to the individual’s needs. Promotes teamwork, respects 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 in a timely manner.
• Develops, tests and implements policies and procedures (manual and computerized) pertaining to the maintenance of accurate accounting records and report preparation.
• Manages and maintains the general ledger system, reviewing daily reports, along with setting up of new general ledgers and transactions as needed for current and new products and processes. The incumbent also manages and maintains the Fixed Assets System, the Accounts Payable System, and the FISERV Portico system, to ensure that data remains updated and accurate and the systems are used to full capacity.
• Responsible for recording and reporting of tangible taxes, back-up withholding, tax exemption status, and credit life & disability insurance.
• Manages, compiles and ensures accuracy of the quarterly regulatory requirement of the NCUA 5300 Call Report, maintaining the Profile and all work papers involved in the preparation of the 5300. The Controller is also responsible for follow-up of 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.
• Evaluates, process and maintain all loans participations.
• Processes, solves and answers complex member transactions, or department problems or inquiries. Operates computer terminal or personal computer to process account activity, determine balances, and resolve problems within given authority.
• Responds to inquiries or refers inquiries to the appropriate department or person.
• Maintains and monitors Liquidity Analysis to determine seasonality of deposits and loans and to support minimum liquidity needs; monitors daily the cash flow of the credit union’s liquid assets.
• Maintains records of Credit Union investments and properly records investment income. Maintains a schedule of accrued income on investments. Ensures that investments are properly classified on the Statement of Condition in accordance with Credit Union Policies and with GAAP. In consultation with the CEO and in accordance with investment authority delegated to management by the Board makes investment decisions.
• Develops and implements 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.
• Oversees the creation of the monthly financial package and the financial presentation for the board. The incumbent will also develop the financial presentation that goes to the board every month.
• Assists the CEO with the preparation of the annual budget and projections based on input from management and board, including budget modeling. Maintains current knowledge and awareness of financial industry status and trends to assist the CEO in 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.
• Prepares the quarterly ALM package.
• Serves as backup for the CEO as needed.
• Performs other related duties as assigned and works on special projects as assigned by the CEO.

Requirements:

• Bachelor’s degree in Finance from a four-year college or university or five (5) to eight (8) years of related experience and/or training; or the equivalent combination of education and experience. Work related experience should consist of an in-depth background in accounting/finance and exceptional customer service.
• Educational experience, through in-house training sessions, formal school or financial industry related curriculum, should be applicable to the financial industry.
• Knowledge of general accounting, financial, budgeting, and related accounting and record keeping systems in a financial institution.
• Keeps up to date with GAAP and FASB standards and communicates any changes that are coming.
• Knowledge of related state and federal banking compliance regulations, and all Credit Union policies and procedures.
• Advanced skills in personal computer operation, word processing and spreadsheet software programs.
• Exceptional oral, written, analytical, and interpersonal communication skills with the ability to apply common sense to carry out instructions and instruct others, interpret documents, understand procedures, write reports and correspondence, communicate clearly to members and employees.
• Ability to deal with complex problems involving multiple facets and variables in non-standardized situations.
• Excellent organizational and time management skills, with ability to multi-task, ability to work with little to moderate supervision while performing duties and to be a strong team player.