What are the responsibilities and job description for the Assistant Controller position at Wheelhouse Credit Union?
Job Description
Job Description
Description :
Following established policies and procedures the Assistant Controller will support the AVP of Finance & Accounting in managing the accounting operations of the Credit Union. The Assistant Controller completes broad-based accounting assignments requiring advanced knowledge of accounting theory and in compliance with general accepted accounting principles (GAAP). Responsibilities include supervising the Accounting Department Staff, general ledger / bank account reconciliations, month-end close, financial statement preparation, and regulatory / tax reporting. Ensure complete, accurate, and timely completion of financial records for the Credit Union.
Essential Duties and Responsibilities :
- Prepare periodic, month-end, and quarter-end closing entries to properly account for general ledger activities in accounting system, core banking platform and other third-party systems.
- Responsible for the preparation of financial statements, management reports, and NCUA 5300 Call reports. Review and analyze fluctuations and variances in balance sheet and income statement accounts. Streamline and improve the data collection and reporting process.
- Assist in the monthly analysis of Current Expected Credit Losses (CECL) to include updating / validating data and preparing associated reports. Working with the AVP of Finance and Accounting to ensure analysis in compliance with GAAP and regulatory requirements.
- Assist in certifying general ledger / bank account reconciliation prepared by Accountants.
- Complete general ledger and / or bank account reconciliations and ensures the accurate and timely resolution of reconciling items. Research and correct discrepancies.
- Assist the AVP Finance in monitoring and reporting the Credit Union’s financial performance, ensuring it is consistent with Asset-Liability Management (ALM) policy.
- Analyze and the Credit Union’s liquidity position to ensure current and forecasted levels are within policy and adequately meet the day-to-day demands.
- Supervise the Accounting Staff. Conduct performance reviews, recommend salary adjustments, and counsel staff toward optimum performance.
- Participate in review and certification of employee payroll processing prior to and / or post submission.
- Prepare and / or coordinate the preparation of Credit Union federal / state income and property tax returns, which include the 990 and 990T. Ensure the timely payment of all taxes.
- Provide support for internal and external auditors, and regulators. Collect fieldwork data for audits and exams including but not limited to confirmation letters, audit questionnaires, pro forma data and other audit schedules.
- Assist in the development of the annual financial budget, ensuring strategies, goals, and adherence to ALM policy.
- Assist in developing, documenting, maintaining, and improving policies, procedures, processes and internal controls related to operational and financial accounting functions. Ensure process documentation and desktop procedures are accurate and updated timely.
- Maintain effective communication and coordination with Credit Union personnel and with management.
- Other duties as assigned.
Requirements :
