Senior Accounting Operations Specialist Job at Municipal Credit Union in New Yor
Municipal Credit Union, New York, NY, US
Job Description
About MCU:
At Municipal Credit Union, we believe that an incredible culture helps create a happy and motivated team that works hard to achieve the best results for themselves and their members. For more than 100 years, MCU has provided affordable financial products and convenient services to a membership base that is now comprised of over 500,000 individuals. With each new generation we have the pleasure of interacting with, we maintain the credit union promise of people helping people.
Overview: The Senior Accounting Operations Specialist plays an essential role in overseeing the financial operations and regulatory compliance of the credit union. The Senior Accounting Operations Specialist is responsible for ensuring strong financial and regulatory reporting, internal controls, accounts payable, corporate wires and ensuring adherence to regulatory standards. Reporting to the Accounting Operations Manager, this is a key role in accounts payable, corporate wire, cash management, financial and operational reporting, internal controls, analysis, and process improvement initiatives.
Responsibilities:
Specific duties include, but are not limited to, the following:
- Participate in the month-end close process, provide monthly expense accruals, researching expense variances as requested, reporting and expense variance analysis as requested, weekly FR 2900 filings, processing accounts payable, vendor maintenance, corporate wires
- Keeping internal financial records, issuing and receiving payments, generating reports, ensuring compliance with laws and regulations, tax returns, funding payroll, assist in planning process as it pertains to non-interest expense, accounts payable systems maintenance, vendor maintenance, monthly book close, maintain policies
- Collaborate with cross-functional teams to evaluate the accounting implications of new products and services or other key initiatives and ensure proper documentation is obtain and capital assets are properly classified and recorded.
- Creation and maintenance of cash management and daily reporting.
- Process all activities of Accounts Payable, ensuring efficient and accurate processing of the invoices and employee expenses via the credit union’s accounts payable system.
- Ensure the credit union’s payment systems for checks and wires are handled securely, in compliance with relevant policies, procedures and regulatory requirements.
- Ensure accurate and timely reporting of the credit union’s daily cash reporting and weekly FR 2900 filings.
- Maintain strong internal controls to safeguard assets and ensure compliance with regulatory requirements.
- Develop and maintain accounting policies and procedures. Stay abreast of changes in accounting standards and regulatory guidelines, implementing necessary adjustments to ensure compliance.
- Assist in the coordination of financial audits and regulatory examinations, providing documentation and explanations as needed.
- Assist with implementation of recommendations from auditors to enhance internal controls and accounting processes.
- Serve as a subject matter expert on all accounting software tools used by the Accounting Operations team, as appropriate (Concur, Symitar and related modules)
- Review and ensure application of appropriate internal controls, compliance and financial procedures.
- Provide all deliverables in accordance with prescribed timelines.
- Perform other related duties as requested and special projects as assigned
Requirements:
- Bachelor's degree in Finance, Accounting, or a related field
- 5+ years of progressive experience in accounting operations or accounts payable, at a similarly sized bank or credit union.
- Working knowledge of GAAP, regulatory compliance, and financial reporting requirements for banks.
- Excellent analytical skills and attention to detail, with the ability to analyze financial data and draw actionable insights.
- Exceptional communication and interpersonal skills, with the ability to understand accounting concepts and work independently on accounting related assignments.
- Strong collaboration skills, with the desire to support peers and drive results across the organization.
- Proficiency in financial software and Microsoft Excel; experience with accounts payable systems like Concur, general ledger systems such as Prologue and banking systems such as Symitar core banking platform is a plus.
- Detail-oriented with a commitment to accuracy and integrity in financial reporting.
- Ability to perform in a high-volume environment and meet deadlines while maintaining exceptional attention to detail.
- Technologically proficient.
Why you’ll be a good fit:
Our Core Values are an integral part of who we are and who we hire. By living our Core Values, every day, we continue to attract the best and brightest talent, achieve unsurpassed results and continuously challenge ourselves to be better than yesterday. These values are at the heart of our organization and within every teammate. To be a great fit, you’ll bring the following:
Results – You’ll look to achieve the best outcomes for our members. Continuously track and measure everything, and use it to always improve. Be proactive, not reactive.
Agility – You’ll remain agile in your decision making, planning, and delivery; using curiosity and creativity to see situations from all perspectives.
Integrity – You’ll act professionally and positively. Build trust, be upfront and communicate thoroughly.
Teamwork – You’ll work to achieve common goals as part of ONE TEAM.
Ownership – You’ll hold yourself and others accountable and remain committed to our obligations while caring about the outcomes as much as an owner would.
Belonging – You’ll embrace and environment in which any individual or group can be and feel welcomed, respected, supported and valued.
We stand by our mission to connect our members and communities with an exceptional financial future and we are looking for individuals who share this same purpose to take this journey with us.
What we can offer you:
Competitive compensation, medical and dental benefits.
401K with employer match
Flexible paid time off
We are committed to hiring, training, cultivating, promoting, and celebrating an environment where we have a welcoming and fulfilling place for all people to call home. Diversity of race, thought, sexual orientation, age, veteran status, religion, and disability will empower us to thrive as individuals, as teams, and as an organization.
Municipal Credit Union (MCU) is an Equal Opportunity Employer.
Municipal Credit Union provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.
Salary: $32.21 - $37.01/hourly