What are the responsibilities and job description for the Director of Accounting position at United Credit Union?
VICINITY CREDIT UNION POSITION DESCRIPTION
POSITION TITLE : Director of Accounting
DEPARTMENT : Accounting Department
REPORTS TO : John Gregg, Controller
MAJOR PURPOSE : Supervise the accounting area of the credit union. In addition to develop, manage, and maintain reliable accounting information and reporting on income, expenses, assets, liabilities, and capital for management planning and decision making and for fulfillment of financial reporting requirements.
PRIMARY RESPONSIBILITIES :
Oversee the accounting functions to include AP, AR, recordkeeping, GL, investments entries, payroll, and taxes entries.
Prepare and enter daily and monthly general ledger transactions including investment activity and schedules, and employee payroll and benefit entries.
Develop, implement, and evaluate policies and procedures for the Accounting and Collection Departments to ensure that policies and procedures reflect current regulations and are communicated to and implemented by subordinates.
Post investment entries and reconcile the subsidiary records for the investment accounts.
Review daily cash balances and maintain FED line / bank accounts by wiring money to / from Federal Reserve / US Bank or other Correspondent Bank, verifying outgoing wires, daily roll-over, and reconciling cash accounts.
Prepare, pay and file all accounts payable for the credit union after receiving proper authorization to include research and resolution of discrepancies in a timely manner.
Enter data into accounting systems and generate reports on a daily basis.
Prepare various financial, regulatory, and special reports on a weekly, monthly, and quarterly basis as requested by management.
Stay up to date on rules and regulations related to all Accounting Operations functions.
Daily balancing and general ledger entries.
Oversee the completion of tasks related to ACH, share drafts, returns, exceptions, wire transfers and other operations areas as needed.
Assist with processing SEG payroll, share drafts, ACH, and ATM, Balance Sheet branching, GL reconciliations.
Complete and maintain various general ledger reconciliations.
Complete daily and monthly general ledger entries.
Complete special projects such as implementation, research, automation, etc.
Reconcile revenue / expense reports, unbilled variances, special projects, payroll and timesheet reports, and claims disbursements
Prepare daily cash position analysis
Responsible for general ledger reconciliation, analysis of financial accounts, and preparation of journal entries
Provide end-of-month close entries and balancing reports as necessary
Ensure that all activities of the department are in accordance with GAAP and that the accounting records are maintained accurately and in compliance with laws and regulations.
Maintain a highly motivated, well-trained staff and on a regular basis evaluate their performance.
Develop and recommend processes to streamline credit union accounting procedures
Provide regular reports to management of all online accounting activities for the credit union's accounting / bookkeeping department.
Set-up and run all prepaid and fixed asset items in the wisdom depreciation program.
Conduct special accounting studies, analyses, and special projects as requested by management.
Stay up to date with changing regulatory standards by participating in continuing education opportunities; and taking part in all training courses offered by the credit union
Other duties that may be assigned by supervisor or management
POSITION REQUIREMENTS :
Education and Experience :
Bachelor's degree in accounting or business administration or equivalent years of experience required
Additional college course work related to accounting / bookkeeping is recommended
Certified Public Accountant designation highly preferred
Minimum 3 years of credit union, banking, accounting or general business experience
Knowledge / Skill / Abilities :
Excellent math skills and accounting knowledge
Excellent verbal and written communication skills
Be able to work well with others
Trustworthy and ability to work with integrity
Exhibit competency in using current technology, such as computer, calculator, etc. necessary to complete required and miscellaneous responsibilities
Knowledge of credit union practice and regulations
Detail oriented and high degree of accuracy
Ability to problem solve and take initiative
Be reliable
Excellent management and supervisory skills
Excellent organizational and time management skills
Mastery of accounting software
PHYSICAL DEMANDS :
Nature of the work requires prolonged periods of sitting and / or standing at a desk working in front of a computer and operation standard office equipment. Must be able to lift up to 15 pounds at times.
WORKING ENVIRONMENT :
The majority of the work performed will be in an office environment.
SUPERVISORY RESPONSIBILITY :
Yes.
COMPENSATION INFORMATION :
Pay Range $90,000-$100,000 USD per hour. A competitive compensation and benefits package shall be offered to the selected candidate and includes the following : paid life insurance, health, dental, vision, retirement plan, paid holidays, and paid time off.
BSA COMPLIANCE :
Every employee is required to uphold the credit union's compliance with the Bank Secrecy Act and anti-money laundering policies and procedures. Specific functions within United Credit Union will take into consideration the awareness of unusual or suspicious activity that is relevant to the department. In addition to any other assigned training courses, online BSA and OFAC courses must be completed at least annually, as made available by the Training and / or Compliance Departments.
Must demonstrate a functional knowledge of the Federal laws, including but not limited to : US Patriot Act, Office of Foreign Assets and Control, Anti-Money Laundering, Right to Financial Privacy Act, the Bank Bribery Act, Customer Identification Program, Fair Lending, and Credit Card Act.
Comply with all United Credit Union policies and procedures to ensure compliance with such regulations.
Performs other duties as required with or without accommodation.
EEO STATEMENT :
Vicinity Credit Union is an Equal Employment Opportunity Employer.
Notice : Vicinity Credit Union employees are employees at will. Employment may be terminated for any reason and likewise Vicinity Credit Union may terminate employment for any reason with or without notice.
Salary : $90,000 - $100,000
