SUMMARY:
The Controller is a management position responsible for overseeing the daily operational and compliance aspects of the Accounting Department. Perform all job responsibilities as noted below including the daily supervision of Accounting employee(s), in a manner that will ensure compliance with regulatory requirements and Credit Union policies and procedures.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following:
- Provide oversight of daily accounting functions, including but not limited to, accounts payable, general ledger activity, fixed assets, prepaid expenses, reconciliations, and financial reporting.
- Prepares the monthly allowance for credit loss calculation in accordance with the approved methodology.
- Oversees the preparation of financial and statistical reporting including inputs to the NCUA Call Report and other internal reporting.
- Interfaces with outside auditors and NCUA examiners. Ensures the timely and accurate preparation of audit/exam documents as requested.
- Prepares the operating budget for the Accounting Department and assists with the preparation of the credit union’s annual operating budget.
- Leverages accounting information systems to produce analytical and forecasting reports to support model assumptions.
- Prepares and provides accurate and timely financial reports for management and the Board of Directors.
- Monitors monthly operating expenses and budget variances and ensures ongoing compliance with established budgetary guidelines.
- Utilizes appropriate financial systems, tools, processes, and resources to support all the financial planning, management, and reporting needs of the credit union.
- Consult with CFO on financial projections, budgeting, and variance reporting.
- Establishes criteria for periodic review and evaluation of accounting processes and procedures.
- Oversee and review the month-end closing process to ensure accurate and timely financial reporting.
- Meet established department goals with minimal supervision; update supervisor/leader on all major projects, employee issues and goal progress.
- Ensure Accounting Department employment needs are met including timekeeping, annual performance evaluations, scheduling, training, motivation and coaching in an atmosphere of continuous improvement.
- Perform job interview/hiring process for employee vacancies as needed.
- Other duties as assigned.
SUPERVISORY RESPONSIBILITIES:
Carries out supervisory responsibilities in accordance with the organization’s policies and applicable laws. Responsibilities include training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems. Provide strategic input and suggestions for future enhancements for system upgrades to achieve effective and efficient balance sheet management.
PERFORMANCE STANDARDS:
Must be able to communicate well with subordinates and other credit union employees and demonstrate leadership ability. A professional attitude and appearance is vital to the success of this position.
QUALIFICATION REQUIREMENTS:
To perform this job successfully, an individual must be outgoing, enthusiastic, conscientious, group oriented, open to change, detail oriented and be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
REGULATORY REQUIREMENTS:
Your position has specific procedures that must be followed to comply with Privacy Act, Office of Foreign Assets Control (OFAC), and Bank Secrecy/Patriot Act. You will receive annual training to keep you current on any changes to these policies/procedures to assure compliance. Failure to comply with procedures may cause termination of your position as well as possible monetary penalties from the federal regulatory agency.
EDUCATION and/or EXPERIENCE:
A Bachelor's Degree in Accounting or Finance from an accredited university required, plus a minimum of five years of progressive management experience in a financial institution or corporation. Requires the ability to lead and supervise others. Ability to communicate verbally and in writing with others is essential.
Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights (https://www.eeoc.gov/poster) notice from the Department of Labor.
