Guardian Credit Union
VP OF ACCOUNTING AND FINANCE Job at Guardian Credit Union in Montgomery
Guardian Credit Union, Montgomery, AL, United States
Role
Directs the establishment and compliance of the organization's accounting principles, practices, and procedures for the maintenance of its fiscal records and the preparation of its financial reports. Directs general and property accounting, cost accounting, and budgetary control. Appraises operating results in terms of costs, budgets, operating policies, trends and increased profit opportunities.
Major Duties and Responsibilities
Knowledge and Skills
Experience
Advanced knowledge of accounting processes and systems required. Five to ten years of similar or related experience, including time spent in preparatory positions. Experience in a credit union environment and/or financial auditing capacity strongly preferred.
Education/Certifications/Licenses
Bachelor's degree in Accounting, Finance, Economics with relevant prior work experience. CPA or MBA preferred.
Interpersonal Skills
A significant level of trust and diplomacy is required to be an effective subject matter expert in the position. In-depth dialogues, conversations and explanations with customers, direct and indirect reports and outside vendors of a sensitive and/or highly confidential nature is a normal part of the day-to-day experience. Communications can involve motivating, influencing, educating and/or advising others on matters of significance.
Other Skills
Expert use of Microsoft Excel and Accounting Software required. Knowledge of generally accepted accounting principles, applicable State and Federal regulations, primarily those of the Office of Thrift Supervision, the Securities and Exchange Commission and the Federal Reserve Board and applicable association regulations (e.g., NACHA). Knowledge of tax regulations and related activities. Knowledge of laws and regulations covering the management and retention of various types of records.
ADA Requirements
Physical Requirements
Perform primarily sedentary work with limited physical exertion and occasional lifting of up to 15 lbs. Must be capable of climbing / descending stairs in emergency situation. Must be able to operate routine office equipment including telephone, copier, facsimile, and calculator. Must be able to routinely perform work on computer for an average of 6-8 hours per day, when necessary. Must be able to work extended hours whenever required or requested by management. Must be capable of local and area travel as driver. Must be capable of regular, reliable and timely attendance.
Working Conditions
Must be able to routinely perform work indoors in climate-controlled private office with minimal noise.
Mental and/or Emotional Requirements
Must be able to perform job functions independently or with limited supervision and work effectively either on own or as part of a team. Must be able to read and carry out various written instructions and follow oral instructions. Must be able to speak clearly and deliver information in a logical and understandable sequence. Must be capable of dealing calmly and professionally with numerous different personalities from diverse cultures at various levels within and outside of the organization and demonstrate highest levels of customer service and discretion when dealing with the public. Must be able to perform responsibilities with composure under the stress of deadlines / requirements for extreme accuracy and quality and/or fast pace. Must be able to effectively handle multiple, simultaneous, and changing priorities. Must be capable of exercising highest level of discretion on both internal and external confidential matters.
Directs the establishment and compliance of the organization's accounting principles, practices, and procedures for the maintenance of its fiscal records and the preparation of its financial reports. Directs general and property accounting, cost accounting, and budgetary control. Appraises operating results in terms of costs, budgets, operating policies, trends and increased profit opportunities.
Major Duties and Responsibilities
- Manage & develop direct reports to maximize productivity, effectiveness, and efficiency including hiring, directing job assignments, monitoring and appraising performance, coaching, counseling, training, assuring compliance with regulatory requirements and organizational mission, values, policies and work rules. Ensure the accounting systems and processes in place enhance operational effectiveness and support Credit Union objectives.
- Direct the development and review process of all budget reports for the company prior to presentation to senior management. Educate department managers on variances and financial issues impacting established budgets. Prepare and manage the Accounting Department budget.
- Ensure accuracy and completeness of transactions in the associated general ledgers. Responsible for the efficient, timely and correct processing of all EFT/ACH transactions, accrual entries and establishment of reserves, as needed, in full compliance with all Federal Reserve Bank and NACHA rules.
- Assist in preparations and response to questions tied to the annual audit and exam to support the efficient operations of the company. Ensure external document submissions and filings are accurate, timely and in accordance with generally accepted accounting principles.
- Prepare and/or oversee the production of monthly, quarterly and annual reports. Assure timely reporting of income, expense, budget variances and reconcilements. Review the status of cash account and balance sheet reconciliations and direct research/corrections necessary. Review and analyze financial data, communicating detected trends to executive leadership. Direct the development and monthly review of financial statements to assure accurate and timely financial information is provided to executive leadership and the Board of Directors. Ensure accuracy of reports and outputs used for decision making and illustration of the Credit Union's financial position.
- Implement and simulate strategies for financial modeling to include monthly, quarterly, and ad hoc forecasting. Prepare ALM reports, trends, and analyses. Prepare relevant reports/packet for the Asset Liability Committee.
- Must comply with applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control. Must be in full compliance with applicable FASB, OTS and SEC pronouncements and regulations, and FDICIA.
Knowledge and Skills
Experience
Advanced knowledge of accounting processes and systems required. Five to ten years of similar or related experience, including time spent in preparatory positions. Experience in a credit union environment and/or financial auditing capacity strongly preferred.
Education/Certifications/Licenses
Bachelor's degree in Accounting, Finance, Economics with relevant prior work experience. CPA or MBA preferred.
Interpersonal Skills
A significant level of trust and diplomacy is required to be an effective subject matter expert in the position. In-depth dialogues, conversations and explanations with customers, direct and indirect reports and outside vendors of a sensitive and/or highly confidential nature is a normal part of the day-to-day experience. Communications can involve motivating, influencing, educating and/or advising others on matters of significance.
Other Skills
Expert use of Microsoft Excel and Accounting Software required. Knowledge of generally accepted accounting principles, applicable State and Federal regulations, primarily those of the Office of Thrift Supervision, the Securities and Exchange Commission and the Federal Reserve Board and applicable association regulations (e.g., NACHA). Knowledge of tax regulations and related activities. Knowledge of laws and regulations covering the management and retention of various types of records.
ADA Requirements
Physical Requirements
Perform primarily sedentary work with limited physical exertion and occasional lifting of up to 15 lbs. Must be capable of climbing / descending stairs in emergency situation. Must be able to operate routine office equipment including telephone, copier, facsimile, and calculator. Must be able to routinely perform work on computer for an average of 6-8 hours per day, when necessary. Must be able to work extended hours whenever required or requested by management. Must be capable of local and area travel as driver. Must be capable of regular, reliable and timely attendance.
Working Conditions
Must be able to routinely perform work indoors in climate-controlled private office with minimal noise.
Mental and/or Emotional Requirements
Must be able to perform job functions independently or with limited supervision and work effectively either on own or as part of a team. Must be able to read and carry out various written instructions and follow oral instructions. Must be able to speak clearly and deliver information in a logical and understandable sequence. Must be capable of dealing calmly and professionally with numerous different personalities from diverse cultures at various levels within and outside of the organization and demonstrate highest levels of customer service and discretion when dealing with the public. Must be able to perform responsibilities with composure under the stress of deadlines / requirements for extreme accuracy and quality and/or fast pace. Must be able to effectively handle multiple, simultaneous, and changing priorities. Must be capable of exercising highest level of discretion on both internal and external confidential matters.