Accounting Assistant

Description

Summary/Objective

An Accounting Assistant at a financial institution is responsible for overseeing the accuracy and timeliness of standard accounting functions, including recording transactions, reconciling accounts, processing accounts payable, wires transfers, financial reports, and ensuring compliance with regulations. 

Essential Functions

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

1. Prepares accurate account reconciliations of the credit unions financial statements such as cash, investments, loans, deposits, fixed assets, prepaids and accrued liabilities, investigating and resolving discrepancies. 
2. Process accounts payable invoices in a timely manner for approval and payment.
3. Assists in the month-end process, including journal entry preparation, accrual calculations, and ensuring timely completion of all necessary tasks. 
4. Post participation payments to the corresponding general ledger account for all participation loans.
5. Process incoming and outgoing wire transfers in accordance with policy and procedures.
6. Assist with balancing and posting daily entries, researching any problems.
7. Process correspondent account entries with other financial institutions.
8. Monitor and improve accounting processes to enhance efficiency and accuracy.
9. Process payroll, benefits and tax entries into the core systems.
10. Assist with gathering information for internal and external auditors, preparing necessary schedules and documentation to facilitate smooth audit processes. 
11. Maintain strong internal controls to safeguard assets and mitigate financial risks. 
12. Verify and process documents for record retention.
13. Ensure compliance with all applicable accounting standards (GAAP, IFRS) and regulatory requirements, including preparing necessary reports for regulatory agencies.
14. Assist in departmental projects and collaborate with cross-functional teams to provide financial insights and support business decisions.
15. Assist the Accounting Department in other duties and responsibilities as assigned.

Competencies

• Business/Financial Acumen
• Confidentiality
• Respectful
• Collaborative
• Can learn and evolve
• Ethical Practice
• Progressive and diverse
• Dedicated/Adaptable/Dependable
• Trustworthy/listens well
• Ability to follow oral and written instructions in English
• Ability to collect and convey information quickly and accurately; strong analytical skills
• Ability to work with disgruntled people and effectively in stressful situations
• Interested in people and helpful attitude
• Ability to complete work with frequent interruption
• Cooperative; ability to work independently and team player
• Takes initiative; problem solves
• Relates well to employees at all levels; relationship-builder
• Attention to detail, accurate and solid organizational skills
• Strong written and verbal communication skills; comfortable making presentations
• Excellent analytical, problem-solving, and organizational skills.
• Strong attention to detail and ability to meet deadlines.
• Effective communication and interpersonal skills.
• Regulatory compliance
• Adaptability
• Familiarity with NCUA/FDIC regulations

Supervisory Responsibility
No supervisory responsibilities.

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

While performing the duties of this job, the employee is regularly required to spend considerable time sitting at a desk, completing work using a computer, regularly answers phone calls and interacts with employees at all levels of the organization. The employee will occasionally lift and move up to 20 pounds.

Type/Expected Hours of Work

This is a full-time salaried position that generally works 8 hours per day, Monday through Friday. The Accounting Department typically operates from 8:00 a.m. to 5:00 p.m. However, start times can stagger based on job related requirements.

Travel

Less than 10% travel is anticipated for this position other than some local travel in the Quad City area.

Required Education and Experience

• Minimum of an associate degree in accounting or related field, or equivalent experience. 
• Minimum of 1-3 years of experience in accounting, preferably in a financial institution.
• Strong knowledge of GAAP and financial reporting principles.
• Proficiency in accounting software (e.g., Fiserv Prologue, JHA, Sage) and Microsoft Office Suite.

EEO Statement

R.I.A. Federal Credit Union believes in equal employment opportunity for all employees and applicants for employment. Our company’s success depends on the effective utilization of qualified individuals regardless of their race, creed, color, religion, sexual orientation, age, ancestry, national origin, disability, military or veteran status, or any other characteristic protected by law.  We will not discriminate on the basis of these characteristics in a personnel action including, but not limited to hiring, training, promotions, transfers, demotions, benefits, compensation, discipline, termination, and any other conditions or privileges of employment.

Other Duties

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time to adjust and adapt to the changing needs of the business.

Qualifications

Salary : $19 - $21