Accounting Manager

Position Purpose

Upholds the Credit Union's mission of "We do the right thing one member, one employee, and one experience at a time to strengthen the communities we serve" by managing the accounting functions of the credit union, including daily balancing routines; financial, regulatory and statistical reporting; fixed assets, accounts payable and employee payroll; branch and cost accounting, and various miscellaneous functions. Responsible for the accuracy and integrity of general ledger and membership accounts, and stewardship of assets through audits, exams, and verifications. Responsible for the completion of the NCUA Call Report, secondary market mortgage reporting, and dormancy and escheatment reporting. Responsible for supervision of employee performance and development to ensure proper coverage in all areas of Accounting. Promotes the vision, mission, and values of Capital Credit Union.

Essential Responsibilities - Depending on the area of expertise within the department, may be responsible for any or all of the following duties.

• Supervises daily functions in the Accounting Department, providing support, training, and guidance as needed. Conducts department meetings to promote effective communication, collaboration, and alignment. Develops and coordinates workflow within the department to ensure that business objectives are met promptly, and internal tasks are completed through the most efficient means possible. Completes and delivers performance appraisals.
• Manages the core accounting functions: general ledger, chart of accounts, cost centers, accounts payable, fixed assets, employee payroll, taxes, internal controls, and reconciliations. Maintains the accuracy of the core accounting functions and membership accounts through implementation of proper accounting procedures and verification of balances.
• Responsible for accrual entries, valuation of servicing rights and goodwill, ensuring compliance with Generally Accepted Accounting Principles (GAAP).
• Assists in the compliance of Financial Accounting Standards Board (FASB) current expected credit loss (CECL) by overseeing preparation and recommendation of CECL adjustments as the lead of the CECL Committee.
• Responsible for oversight and management of month-end close, preparation of monthly financial statements, and board reports and reviews them for accuracy.
• Coordinates internal and external audits/exams, providing necessary documentation, addressing questions, and ensuring compliance with audit/exam requirements.
• Implements and maintains effective internal controls to safeguard the credit union's assets and maintain the integrity of financial data.
• Oversees accounts payable and ensures that purchasing and invoice approval policies are being followed.
• Responsible for maintaining fixed asset records and depreciation schedule for the credit union.
• Helps manage cash balances through the purchase of investment CD, non-member and/or public deposits in compliance with NCUA and internal concentration limits.
• Manages the preparation of employee payrolls and reviews quarterly payroll tax reporting for accuracy. May perform the payroll function periodically as part of departmental cross training and back up requirements.
• Oversees the completion and accuracy of the employee W-2 and IRS reporting.
• Contributes to budgeting and forecasting processes including fixed asset and non-capitalized forecasting, validating cost analysis, monitoring variances, and providing updates to management.
• Responsible for researching, testing, and implementing accounting systems, projects, and continuous improvement initiatives affecting the accounting department.
• Collaborates with finance, risk management, branch operations and other departments to ensure smooth operations and achieve organizational goals.
• Assists in compliance issues as a member of the Internal Risk Committee.
• Works as part of a team with other leaders to support the credit union's mission as an active member of the monthly Leader-to-Leader meetings.
• Integral part of the merger team, coordinating merger activity as it relates to the general ledger, membership accounts, product mappings, system parameters, and other issues as they arise. Helps to analyze products offered by the merging credit union and determines the best fit with Capital products. Handles the actual merging of general ledger accounts, identifying any outstanding issues arising such as open accounts payable or employee payroll. Notifies all interested parties such as Wisconsin State Unemployment Division, Corporate Central Credit Union, depository institutions, Federal Reserve, etc. Completes consolidated financial statements for use by examiners and management.
• Responsible for the creation of various financial and statistical reports, using credit union system and various supporting software programs. Advises management personnel as to types of information available from the system.
• Responsible for the timely and accurate completion of the annual financial statements and disclosures, quarterly NCUA Call Report, Federal Reserve FR2900 report, monthly and/or daily reporting of the secondary market mortgages, and the annual dormancy and escheatment reporting.
• Ensures that established accounting procedures are followed, and that policies and procedures are published and updated in accordance with suggestions from state examiners, independent audits, and credit union management.
• Monitors the overall status of the organization and reports ideas for improvements and changes to the VP - Finance. Seeks innovative solutions for business issues.

Necessary Experience and Qualifications

• Ability to read, write, and comprehend detailed and often technical instructions and/or regulatory requirements, correspondence, and memos. Ability to add, subtract, multiply, divide, and perform basic statistical functions, using whole numbers, fractions, and decimals as normally acquired through completion of a college education and one to two years related experience.
• Ability to operate an on-line computer terminal, copy machine, and calculator normally acquired through a basic course or one to three months of on-the-job experience. Must be able to operate a computer and be able to use Word, Excel, E-Mail, and the core processing system efficiently. An understanding of accounting and accounting software is required.
• Knowledge of the products, services, and procedures needed to process transactions as normally acquired through three to six months of on-the-job experience. Requires a comprehensive knowledge of the functions administered by this position such as regulatory compliance, generally accepted accounting principles, and generally accepted auditing standards as acquired through three to five years of on-the-job experience. BA or BS degree in Accounting or related field is required.
• Knowledge of the positions supervised, how each position interacts with the credit union as a whole, and how their workflows through the credit union system, and the general ledger in particular.
• Ability to concentrate and pay close attention to detail for over ninety-five percent of work time. Must be able to closely examine documentation, including detailed accounting records, regulatory requirements, policies & procedures, reports, and data structures.
• Analytical ability to research technical issues and provide workable recommendations which meet regulatory and security requirements.
• Interpersonal skills necessary to deal effectively and efficiently with a diverse group of employees and technicians in sometimes stressful situations. Requires strong communication/listening skills to direct internal controls, audits, policies, and procedures diplomatically and effectively. Must also be able to communicate technical information to non-technical users, including employees and members.
• Ability to exercise a high degree of independent judgment and decision making. Demonstrates consistent leadership and advocacy traits and supports overall business objectives.
• Ability to transport objects weighing between five and twenty pounds for one percent of work time.
• Ability to stay in one place or work in a confined area for extended periods.
• Some travel is required for audit reviews, meetings, seminars, and conferences.

Work Environment and Physical Requirements

• Office environment with moderate level of noise
• Frequent use of telephone, copier, computer, fax machine and other office machines
• Prolonged sitting or standing
• Frequent mental and visual concentration
• Minimal lifting of up to 20 pounds

NOTE: This job has the potential to periodically work remotely contingent upon supervisor approval but is not a work from home eligible position. When working remotely it is necessary to follow our Remote Work / Work from Home Policy.

The above statements are intended to describe the general nature and level of the work being performed in this position. They are not intended to be construed as an exhaustive list of all responsibilities, duties, or requirements.

Capital Credit Union is an Equal Opportunity Employer. We participate in E-Verify. Click the Learn more about Capital Credit Union link below for more information, as well as information on employee rights under the Family Medical Leave Act and the Employee Polygraph Protection Act.