VP of Accounting

VP of Accounting

POSITION SUMMARY

The Vice President of Accounting reports directly to the Chief Financial Officer and is responsible for leading and directing the Credit Union's Accounting functions, ensuring accuracy, compliance, and strategic financial insight to support the CU's growth and other key strategic initiatives. Oversees all aspects of financial statement and regulatory reporting in accordance with Generally Accepted Accounting Principles (“GAAP”) and regulatory requirements.

PRINCIPAL ACCOUNTABILITIES

• Leads & oversees all aspects of accounting including: Financial Reporting; Call Report/5300 Regulatory Reporting; Tax Compliance; Accounts Payable; Loan Loss Accounting; Investment Accounting; Derivatives; Fixed Assets; Payroll; and Audit workflows.
• Delivers regular and ad-hoc reporting to the CFO, Senior Management, the Supervisory Committee, and Board of Directors to provide high-impact financial insights to inform and guide strategic decision-making.
• Architects and leads comprehensive accounting functions, ensuring precision, compliance, and operational excellence.
• Drives the design and execution of financial reporting frameworks to optimize internal and external financial reporting.
• Maintains a strong system of internal controls and accounting procedures.
• Formulates, implements, and optimizes accounting policies and procedures to support business growth while identifying and implementing opportunities for continuous process improvement.
• Identifies and evaluates efficiencies across accounting systems and processes, leading the review, alignment, and optimization of financial tools and technologies to enhance operational effectiveness and ensure alignment with organizational goals
• Ensures full compliance with corporate policies and evolving regulatory requirements, including the FASB and NCUA.
• Leads the planning, adoption, and implementation of all new accounting pronouncements in their entirety including project planning, implementation and execution, and ongoing post- implementation review and analysis.
• Leads development, mentoring and coaching of the accounting team by providing feedback and opportunities for exposure, growth, skill advancement, and continuous learning.
• Develops and maintains strong working relationships with outside auditors, examiners (both Washington State DFI and NCUA), industry peers, and other key internal and external constituents.

  REQUIRED SKILLS AND ABILITIES

• Strong executive presence with excellent verbal and written communication skills with the ability to present complex financial information to all levels of the organization, including the Board of Directors.
• Strong supervisory and leadership skills and the ability to coach, mentor, and manage diverse teams. Role models inclusive leadership behaviors and cultivates belonging within the organization.
• Identi?es the underlying causes of complex problems and analyzes them at the functional and cross-functional level.
• Proactively drives, inspires, and communicates through change.
• Demonstrates the ability to think critically organizational-wide; ability to pivot, escalate, and triage. Flexible mindset and can adjust their level of thinking in the moment.
• Shows ability to think strategically for the function while still maintaining a solid level operationally. Aligns the function with the CU's strategic plan.
• Strong process improvement mindset with the ability to enhance ?nancial processes for ef?ciencies and effectiveness.
• Thorough understanding of GAAP, regulatory requirements (including NCUA), and other accounting-related laws and regulations and financial analysis best practices.
• Thorough understanding of CECL, its components, methods, monitoring and reporting.
  • Skilled in Financial systems with the ability to optimize and integrate systems.
  • Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint).
  • Working understanding of ProfitStar, Trintech, and Prologue preferred.
  • Understand, model, and represent CU's core values.

    QUALIFICATIONS AND EDUCATION REQUIREMENTS

    • Bachelor's Degree in Accounting or Finance required.
    • 10 years' experience in Accounting or Finance required in a financial institution, preferably a credit union.
    • 6 years' experience in leadership or management role with direct experience with regulators and the audit community.
    • CPA strongly preferred.

      SUPERVISORY STATUS

      This position supervises others and is responsible for being results oriented, collaborative, delegate effectively, and embrace the organization's core values, ensuring team effectiveness.

      WORKING CONDITIONS

      This position will be required to work in an office environment with moderate noise levels, and, with or without reasonable accommodation is required:

    • Must be able to remain in a stationary position for a minimum of 75% of the time
    • Constantly operates a computer and other office productivity machines
    • Occasionally ascends/descends stairs
    • Constantly positions self in work environment
    • The person in this position frequently communicates with peers, supervisors, vendors, and employees to exchange accurate information and answer questions
    • Works in an indoor office environment but expected to attend meetings in buildings that require travel in outdoor weather conditions