Accounting Manager
Company: NIH Federal Credit Union
Location: Rockville
Posted on: August 4, 2022
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 products GENERAL SUMMARY The Accounting Manager is
responsible for the effective operation of the Accounting
Department and supervision of the general accounting function to
include accounts payable processing, month-end closing of the
general ledger, preparation and review of general ledger entries,
reconciliation review, and assistance with preparation for periodic
audits of financial information by independent parties. The
Accounting Manager performs detailed work similar to supervised
staff assignments, as well as overseeing the work of the Accounting
team. Maintains functional knowledge of transactional systems
supplying general ledger summary entries and their related general
ledger interface controls. The Accounting Manager is expected to
exercise sound judgment to plan and accomplish goals, assist with
the design, monitoring, and reporting of internal control systems.
In addition, the Accounting Manager is expected to apply generally
accepted accounting principles, and abide by NCUA guidelines in
conjunction with NIH FCU policies and procedures. To collaborate
with management, and contribute to cross-functional work groups to
improve credit union operating efficiency and effectiveness.
Provides support for regulatory exams; CPA financial statement
audits; and support internal audit needs. Responsible for
maintaining an environment conducive to associate achievement and
satisfaction. MAJOR DUTIES AND RESPONSIBILITIES
- Manage and coordinate the effective daily operation of all
fundamental accounting functions to include, loan/share accounting,
accounts payable processing (checks and AP ACH) ensuring proper
coding, Prepaid and Fixed Assets management and month-end closing
process in accordance with generally accepted accounting
principles, and NCUA and other regulatory guidelines
- Maintain appropriate systems, processes, records and controls
for fixed assets, investments, and accruals (payroll, audit,
Rewards, and operating expense).
- Establish, implement and maintain department policies,
procedures and processes to assure compliance with all applicable
local, state and federal laws, regulations and guidelines as well
as generally accepted accounting principles and practices.
- Collaborate with the AVP Associate Controller to interpret
financial statements for review by the Board of Directors,
executive and line management, and various outside
authorities.
- Interact with both internal auditors, and third party, external
auditors and regulatory examiners to facilitate the completion of
audits and reviews. Organize and coordinate assignments among
department associates in preparation of audits by independent
parties.
- Review team member general reconciliations for accuracy and
ensures compliance with General Ledger Reconciliation Control and
Review Policy. In team member absence, reconciles any general
ledger accounts as necessary.
- Assigns and reviews all general ledger reconciliations. Ensures
that reconciliation assignments maintain proper segregation of
duties.
- Understanding of payroll system and performs bi-weekly review
of employee payroll.
- Serves as the designated representative for the accounting
department for cross-departmental projects. Communicates backs to
the AVP Associate Controller and the team on the status and impacts
of the project.
- Serves as the department liaison for the CORE Conversion to
ensure that there is a smooth transition.
- Monitor changes to regulatory guidelines and ensure data
processing systems, business processes and practices are in
alignment with requirements, qualify as safe and sound business
practices, and reflect organizational values.
- Communicate department goals and objectives to associates and
report progress to management and associates regularly.
- Plan and manage the continual professional development of the
Accounting Team. Deliver timely feedback regarding performance and
provide guidance where necessary.
- Ensure that work results and processes comply with relevant
laws and with established NIHFCU policies, procedures, and
practices, including, but not limited to, the Bank Secrecy Act
(BSA). Work Schedule: This is a full-time, exempt position with a
flexible hybrid schedule. Month-end close period, quarterly
reporting and annual financial audits may need some extended work
hours. Requirements:
EDUCATION & EXPERIENCE
- Bachelor's degree (or equivalent in the case of international
candidates) in Accounting, Finance or Business Administration is
required.
- Five (5) to Seven (7) years of progressive accounting
experience.
- Strong working knowledge of accounting processes and procedures
in a Financial institution required ; Credit Union experience
preffered.
- Experience managing and overseeing day to day responsibilities
of General Ledger Accounting Team strongly preferred.
- Excellent team player with demonstrated ability to work with
associates, front line management, and senior management as well as
external parties such as auditors/examiners and vendors.
- Perform at an advanced-level in MS Excel, MS Word, and MS
Outlook and at an intermediate-level for additional proprietary
applications. NIHFCU 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. PM18 PI186335398
Keywords: NIH Federal Credit Union, Rockville , Accounting Manager, Executive , Rockville, Maryland
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