What are the responsibilities and job description for the FVP, Director of Accounting position at Navigant Credit Union?
ABOUT:
People helping people. That's what a credit union, and in particular Navigant Credit Union, is all about. Our mission is to improve the financial well-being of the families, businesses, and communities we serve, and have been since our founding in 1915.
Now at more than $3 billion in assets, Navigant Credit Union is among the largest credit unions in Rhode Island, yet still maintain our community-driven values.
Those values-and our belief in putting people first-are just a few of the reasons why Navigant Credit Union has been named "Rhode Island's Best Place to Work" year-after-year by the Providence Business News.
Our Core Values consist of "Leadership, Unity, Caring, and Integrity" are the guiding principles for our organization. They are the qualities and/or traits that we consider a high priority for Navigant Credit Union employees.
Our company prides itself on demonstrating community-based values and investing in our workforce, while exceeding member expectations. We offer tremendous opportunities for professional development, career advancement, and a best-in-class benefits package including a rich medical and dental plan, vision benefits, a robust 401(k) with a generous employer match, tuition reimbursement, competitive salaries, paid volunteer days, and opportunities to give back to the community.
If you believe you'd be a great fit, and are interested in joining our team, check out our open positions and apply today!
ABOUT THE ROLE
Provides leadership, strategic vision and overall direction for the day-to-day activities of the Accounting Department, a major organizational component of the credit union. Directs the formulation, implementation, and administration of credit-union wide policies related to accounting. Manages the activities of subordinates and represents the credit union to regulatory agencies, other financial organizations, trade associations and others. Ensures processes are in place to provide accurate accounting information concerning income, expense, assets, liabilities and capital as a basis for management planning and decision making and fulfilling financial reporting requirements. Establishes and adheres to internal controls which promote the safeguarding of assets, procedures which result in reliable financial records and operational efficiency, and financial reporting in compliance with Generally Accepted Accounting Principles and regulatory requirements, including tax reporting and NCU Charitable Foundation accounting. Oversees the Credit Union's preparation of financial and regulatory reports.
WHAT YOU WILL DO (in descending order of importance)
- Provides overall leadership to the accounting team to ensure a trained, motivated, and professional staff capable of providing accounting services in a timely and accurate manner and ensuring strong engagement of the overall team. Interviews, recommends for hire, schedules, assigns work to, counsels, establishes performance expectations, and recommends the necessary discipline and/or discharge of subordinate staff members, while maintaining required personnel documentation.
- Identifies and leads initiatives to enhance the efficiency and effectiveness of the department, which may include leveraging technology and revising processes.
- Collaborates with cross-functional leaders to ensure efficient and effective accounting activities for their respective departments.
- Supports strategic planning, particularly by reviewing financial projections to ensure proper accounting methodology.
- Participates on multifunctional committees, including Project Management Office, ALCO, Risk Raters, etc. Provides input to meet the needs of the organization while providing member service and communicating necessary information to accounting staff.
- Participates in month-end close meetings with CEO and CFO, presenting a summary of the financial statements and explanations of major items.
- Keeps abreast of changes in accounting principles and industry trends as they affect the credit union. Implements new accounting rules and ensures existing procedures are consistent with GAAP and contain appropriate internal controls.
- Establishes, updates and communicates Accounting policies and procedures, including internal controls.
- Analyzes expense trends and identifies insights for EVP, CFO.
- Provides support to Financial Planning & Analysis regarding product and channel profitability, including Activity Based Costing.
- Manages merger and acquisition accounting and valuation, including recording acquisition, filing regulatory reports for acquired credit union.
- Supports Credit Union Regulatory Compliance objectives and recommends changes to support the requirements. Serves as liaison for CU financial regulatory audits with NCUA and state examiners.
- Ensures accurate information for tax return preparation and coordinates with external CPA firm for Form 990 and Form 990-T. Files returns as needed.
- Liaises with external auditors to ensure proper accounting as well as coordinating the completion of fiscal year-end audits, including the preparation of technical financial footnotes.
- Monitors and ensures insurance policies for the credit union.
- Oversees Deferred Compensation program for Board and Executives.
- Coordinates IT and Risk Assessments, Vendor Due Diligence, review Sox Requirements, SAS 70 reports for applicable correspondent banks and vendors.
- Performs other accounting, finance and administrative duties as assigned by the EVP, CFO.
QUALIFICATIONS:
Education
BA/BS in Accounting or Finance. Graduate degree and/or CPA or CMA preferred.
Experience/Skills/Knowledge:
- 7 to 10 years accounting experience required, preferably with a financial institution or public accounting firm.
- Must be able to develop and execute on accounting strategic priorities and projects with an effective outcome.
- Minimum 3 years previous experience as an Accounting department manager required.
- Must have demonstrated experience managing and enhancing accounting processes.
- Must have demonstrated knowledge of GAAP, CU regulations, legislation and financial reporting.
- Previous experience with external auditors required, preferably with NCUA examiners.
- Excellent organizational, analytical and problem-solving skills required.
- Must have a strong service orientation in alignment with the credit union's mission and core values.
- Excellent verbal, written, telephone and interpersonal communication skills required. Must have the ability to talk with non-financial people, interact with all levels of executive leadership, as well as Board members.
- Must have the ability to manage multiple projects/priorities simultaneously and produce the desired results.
- PC proficient, including Microsoft Office (Word, Excel, Outlook) and the Internet as well as other spreadsheets and financial analysis programs.
- Ability to function in a commercial office environment and utilize standard office equipment including but not limited to: fax, copier, telephone, etc. Some travel required. Ability to lift a minimum of 25lbs. e.g. file boxes
