Finance Manager at IC Federal Credit Union

Fitchburg, Massachusetts, United States -

Full Time

Start Date

Immediate

Expiry Date

23 Jun, 26

Salary

90000.0

Posted On

25 Mar, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Supervision, Financial Analysis, Budget Preparation, Variance Reporting, General Ledger Accuracy, Financial Closing, Financial Reporting, Liquidity Management, Cash Management, Reconciliation, Internal Control, Journal Entries, Fixed Asset Review, Audit Support, Employee Management, Communication

Industry

Financial Services

Description

DESCRIPTIVE SUMMARY Reporting to the AVP Finance and Assistant Controller, the Finance Manager has direct supervision of the Staff Accountant and Accounts Payable Specialist and is responsible for oversight of the day-to-day operations of the accounting department. This role assists with maintaining the overall financial and statistical records of the Credit Union and performs a variety of accounting, financial analysis and administrative functions. This role is responsible for reconciliation preparation and review, as well as budget preparation and budget to actual variance reporting. This position supports the AVP Finance & Assistant Controller and SVP Finance & Controller to ensure achievement of the company and department goals and objectives. ESSENTIAL JOB FUNCTIONS * Responsible for oversight and supervision of the day-to-day performance and operation of the accounting department including the accounts payable, financial and accounting functions and staff; assists in directing and coordinating the activities of the department to ensure effectiveness. * Recruits, develops and evaluates the accounting staff. * Ensures the accuracy of the General Ledger. * Assists the AVP Finance & Assistant Controller with the period-end (month, quarter, and year) financial closing process and monthly/quarterly reporting. * Prepares various financial statements and/or reports to support various regulatory, managerial, and internal reporting on a scheduled and as needed basis (e.g. Quarterly Call Report, FHLB QCRs, CECL). * Assists with oversight of the Credit Union’s daily liquidity and cash management process. * Assists with oversight of all reconciliations and is responsible for preparing and reviewing various monthly reconciliations. * Assists with updating various month-end supporting schedules, including loans summary, accumulated credit losses and problem asset memo tracking. * Assists with the annual budget preparation, budget updates that may occur during the calendar year and related budget reporting. * Responsible for the month-end variance reporting process. * Assists the AVP Finance with development of and updates to accounting procedures to ensure a strong internal control system is maintained and complies with corporate policy. * Assists with 5300 Call Report supporting schedules preparation. * Reviews various clearing accounts on a daily basis and records related journal entries. * Prepares various month-end journal entries. * Communicates all suspicious transactions and activity to the SVP Finance and AVP Finance and notifies appropriate managers immediately. * Reviews all fixed asset transactions and reporting and coordinates the fixed asset periodic data scrub and physical inventory. * Responsible for review of monthly investment transactions. * Responsible for the reconciliation of the Credit Union’s Federal Reserve Bank account and related journal entries. * Responsible for the reconciliation of the Credit Union’s correspondent bank account balances with PNC, Federal Home Loan Bank of Boston (including Fed Funds) and Catalyst. * Assists the SVP Finance and AVP Finance with preparation of schedules and various other audit requests received from auditors and regulators. * Functions as the backup to the AVP Finance and Staff Accountant during periods of absence and assists the AVP Finance on an as-needed basis. * Ensures the highest level of Quality of Service to all internal and external customers. OTHER DUTIES Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice. JOB COMPETENCIES * Employee Management: The degree to which the supervisor creates a positive management environment. The ability to motivate employees, preserve high morale, and supervise with fairness and consistency. * Communication: The ability to communicate clearly, effectively, and honestly at all levels and through all methods. Encourages open communication, cooperation and sharing of knowledge. Seeks feedback and asks constructive questions. * Teamwork: The ability to promote positive work relationships with area staff, team members, and supervisors. The degree of problem solving, communication, listening, cooperation, and productivity demonstrated while working with others to successfully meet goals. * Initiative: The ability to perform job responsibilities independently and responsibly. The ability to proactively complete tasks, solve problems, improve processes, enhance products, and/or extend services within assigned range of authority. * Attention to Detail: The level at which tasks are performed carefully, accurately, and in accordance with specific instructions. Consistency of work quality and compliance with standards, requirements, and expectations. The tracking of numerical data and detailed organizational information, and the careful application of grammar, spelling, and punctuation rules. * Organizational Skills: The ability to manage tasks, projects, information, and materials within a well-ordered system. The degree to which multiple assignments are managed and completed according to established schedules. * Time Management Skills: The ability to work independently with minimal supervision and effective use of time. The level of control/oversight of all assigned projects and responsibilities. EDUCATION/EXPERIENCE REQUIREMENTS (Education, Work Experience, Industry Knowledge) * Bachelor’s degree with a concentration in accounting or finance, with a strong computer/technology background. * Three to Five (3-5) years of related progressive experience in credit union management or a related financial field are preferred. * Must have a thorough knowledge of GAAP, financial and accounting practices, and procedures. * Must have demonstrated ability to analyze financial and statistical data. * Must display a general knowledge of credit union operations, accounting, fixed assets, and investments. * Specific knowledge of Fiserv Prologue Financials and Investment Portfolio Accounting systems preferred. * Proficient with Microsoft Office suite of products. PHYSICAL DEMANDS The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Physical demands include, but are not limited to, standing/walking, lifting/carrying general office equipment, climbing stairs, communicating verbally, and fine manipulation, keyboarding, hearing requirements, near visual acuity, reaching at/below shoulder level or overhead, and sitting. REQUIRED COMPLIANCE TRAINING Satisfactorily completes all required compliance training and complies with all regulations, which apply within the scope of the position, including but not limited to the Bank Secrecy Act (BSA) and all regulations that fall within the BSA. The above is intended to describe the general content of and requirements for the performance of this job. It is not to be construed as an exhaustive statement of duties, responsibilities, or physical requirements. Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. Monday - Friday, 8:00am - 5:00pm (Hybrid Schedule)

Responsibilities

The Finance Manager directly supervises accounting staff and oversees the daily operations of the accounting department, including accounts payable and financial functions. This role is responsible for preparing and reviewing reconciliations, budget preparation, and budget-to-actual variance reporting.