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Senior Accountant II

Company: NIH Federal Credit Union
Location: Rockville
Posted on: October 14, 2020

Job Description:

Description:
We are looking for more than just an employee, we are looking for a true team member dedicated to enhancing the member experience! Come join the credit union movement and Discover Banking With Heart at NIHFCU! Be a part of our team where commitment to members with exceptional service and banking solutions that enhances their lives is our mission. If helping people and making a difference appeals to you, this is the place for you!At NIHFCU, one of our core values is investing in our employees, which is why we offer perks like these: --- Benefit Package for all Full time employees includes health, dental, vision, Life insurance benefits--- 401(K) and profit sharing--- Tuition Reimbursement--- Career Advancement and development--- Credit Union Membership with discounted services and productsGENERAL SUMMARYThe Senior Accountant operates within the GL team and is responsible for all GL activities of the company. This position is tasked with learning daily accounting operational duties, provides day-to-day operational support to both the Accounting Supervisor and Controller. Must be detail oriented and adaptable to evolving technology and business processes. Ability and experienced to function effectively in a fast paced, deadline oriented environment. Will need to use their research and problem solving skills to independently complete and resolve complex general ledger reconciliations and assigned projects in conjunction with NIHFCU strategic and operating business plan objectives adhering to established policies and procedures, GAAP, and regulatory requirements. An ideal candidate would be a team player who fosters teamwork within both the Accounting department and cross-departmental projects. MAJOR DUTIES AND RESPONSIBILITIES

  • Complete all regulatory reporting and ensure that reporting is in compliance with applicable rules and regulations. This includes the quarterly NCUA call report and the FR-2900 report.
  • Develop and adhere to a system of strong internal controls within the accounting function.
  • Work cohesively with other departments to ensure that the information coming into the accounting department is accurate and develop recommendations as necessary to improve that accuracy.
  • Reconcile and monitor accounts related to deferred employee 401K, defined benefit and executive retirement accounts.
  • Perform analysis, prepare, and post JMFA Courtesy Pay Program general ledger entries.
  • Monitor Prologue Database Unattended Processing Jobs daily and ensures core system files are processed successfully.
  • Support the general ledger accounting period close while maintaining a high level of precision. Review month-end entries for accuracy and work to ensure the month-end checklist is updated regularly.
  • Responsible for adding all-new GLs, renaming GLs, and cross-referencing them to the core GL mapping. Communicates all changes to the team and assigns the frequency of the reconciliation.
  • Responsible for the reconciliation of the Allowance for Loan Loss general ledger and associated charge-off and recovery accounts.
  • Review general ledger reconciliations for accuracy and resolve any variances or identified errors. Adhering to the following guidance: 1. Within 30 days outstanding: Anticipated clearing in the next 30 days or known documented variance. 2. Within 60 days outstanding: items to be brought to the attention of the Accounting Supervisor for assistance in resolving. 3. Within 90 days outstanding: write off or sound documented basis for retaining longer. Advise VP, Controller of these items.
    • Monitor and work with Mortgage Servicing and reconciliation vendor QIE Partners for Mortgage Servicing custodial accounts (FHLMC & FNMA) reconciliation.
    • Monitor changes to regulatory guidelines and ensure accounting processes comply with generally accepted accounting requirements.
    • Ensure that work results and processes comply with relevant laws and with established NIHFCU policies, procedures, and practices.
    • Reports to the Controller, Accounting Supervisor, Human Resources or to senior management any actual or suspected fraud or financial dishonesty or wrong-doing involving Member transactions, employees, or NIHFCU.
    • Support satisfactory audit ratings. Provide historical schedules and analysis as requested for audit and review activities of NIHFCU operations by internal audit, compliance personnel, external auditor and examiners.
    • Participate in teams with NIHFCU employees and or vendors, providing guidance for proper entry and reporting of transaction activity in a timely and accurate manner.
    • Access Member or Employee's personal and financial information only as required by the job. Maintain the confidentiality and security of all Member or Employee's personal and financial information..

      Requirements:
      EDUCATION & EXPERIENCE
      • Employee should have a minimum BA/BS degree (or equivalent in the case of international candidates) in Accounting, Finance or Business Administration.
      • Minimum 3-5 years' experience in General Accounting.
      • Five years of experience preferred in financial institution environment.
      • Master's degree in Accounting or Finance preferred. Technical Skills
        • Employee must possess an understanding of how to operate standard office equipment effectively, demonstrated ability to work with associates and senior management as well as external parties such as auditors/examiners and vendors, and perform at an intermediate-level in MS Excel, MS Word, and MS Outlook and at an intermediate-level for additional proprietary applications.
        • The employee must have demonstrated ability to perform in computer intensive environments, comprehend the interaction of electronic system interfaces, and possess intermediate-level skills to retrieve and convert the form of electronic data into a format useful in other productive operations, and demonstrate good organization skills.
        • Ability to articulate semi-complex to complex issues across all levels of management and with vendors. PM18NIHFCU is an Equal Opportunity Employer and does not discriminate against employees or applicants based on race, color, religion, sex/gender, national origin, disability, age, or any other category protected by law. PI124689856

Keywords: NIH Federal Credit Union, Rockville , Senior Accountant II, Accounting, Auditing , Rockville, Maryland

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