SUMMARY:

Responsible for the overall understanding and accounting of the operations of the credit union. Serves as back-up for the Accounts Payable Specialist as needed.

Responsibilities:

• Posts journal entries and maintains subsidiary ledgers pertaining to the activity of the credit union and its members. Maintains supporting documentation on all journal entries posted.
• Reconciles assigned accounts between the various processing systems and general ledger on a daily or monthly basis in a timely manner. Researches variances found to determine correcting action or explanation of variances.
• Provides error resolution of transactions performed throughout the operational areas of the credit union.
• Processes Federal Tax Backup withholding by managing earned interest reporting for 1099 & 1042 forms. Reports and remits funds to IRS as needed to ensure minimal penalties.
• Monitors suspense & clearing accounts for unusual activity. Researches discrepancies as needed and posts correcting journal entries.
• Maintains an understanding of product and transaction codes used in the core application.
• Maintains working relationship with appropriate operations personnel.
• Assists in the preparation of the monthly board package.
• Updates and tests Accounting Department procedures. Ensures that procedures are updated at least annually or as processes change.
• Serves as back-up for critical tasks as needed.
• Performs other duties as needed and assigned by the accounting Manager and/or the Controller.
• Successfully participates in annual Information Security refresher training. Complies with the Information Security Policy, including the immediate reporting of unusual or suspicious activity to management and the Information Security Officer. Follows all procedures to protect com-pany computers from viruses, and to maintain the security and confidentiality of Credit Union data.
• Participates in annual Bank Secrecy Act (BSA) and Office of Foreign Assets Control (OFAC) training and demonstrates knowledge and understanding of the BSA and OFAC, including the immediate reporting of unusual or suspicious activity to the Risk Management Department. Undertakes additional training specific to daily responsibilities and as required to ensure con-tinued compliance with all applicable regulations.
• Ensures the Credit Union’s safe harbor protections as allowed by the BSA. Understands that if confronted with knowledge of existence of a Suspicious Activity Report (SAR), an obligation ex-ists to preserve the confidentiality of that SAR, as well as any information that may reveal the existence of a SAR. Maintains awareness of, and immediately reports to the Compliance Of-ficer, any unauthorized disclosure of a SAR, or unauthorized disclosure of information related to a SAR. Understands that failure to do so is a violation of federal law and may lead to both civil and criminal penalties for SAR disclosure violations.

Requirements:

MINIMUM QUALIFICATIONS:

Education:

• B.S. Degree in Accounting or concentration equivalent

EXPERIENCE / SKILLS:

• At least one year of accounting/finance or at least 1 year experience in a financial institution
• Proficient in Microsoft Office
• Working knowledge of data extraction tools (i.e., Monarch, MS Access, etc.)
• Strong analytical and problem solving skills
• Effective communication skills
• Detail oriented
• Reliable and dependable
• Good organizational skills and can prioritize work to meet appropriate deadlines
• Teamwork oriented and can work individually
• Well-developed interpersonal skills
  For internal purposes, this position is graded as NE-8.
  The anticipated annualized base salary range for this position is $60,000 to $75,000. Final base salary for this role will be based on the individual’s job-related experience, skillset, training, certifications and market demands. The benefits available for this full-time position include but are not limited to: medical, dental, and vision insurance, 401(k) plan, life insurance coverage, disability benefits, tuition assistance program and paid time off, including paid parental leave benefits. In addition to base compensation salary, this role position is eligible for an annual incentive plan

• Posts journal entries and maintains subsidiary ledgers pertaining to the activity of the credit union and its members. Maintains supporting documentation on all journal entries posted.
• Reconciles assigned accounts between the various processing systems and general ledger on a daily or monthly basis in a timely manner. Researches variances found to determine correcting action or explanation of variances.
• Provides error resolution of transactions performed throughout the operational areas of the credit union.
• Processes Federal Tax Backup withholding by managing earned interest reporting for 1099 & 1042 forms. Reports and remits funds to IRS as needed to ensure minimal penalties.
• Monitors suspense & clearing accounts for unusual activity. Researches discrepancies as needed and posts correcting journal entries.
• Maintains an understanding of product and transaction codes used in the core application.
• Maintains working relationship with appropriate operations personnel.
• Assists in the preparation of the monthly board package.
• Updates and tests Accounting Department procedures. Ensures that procedures are updated at least annually or as processes change.
• Serves as back-up for critical tasks as needed.
• Performs other duties as needed and assigned by the accounting Manager and/or the Controller.
• Successfully participates in annual Information Security refresher training. Complies with the Information Security Policy, including the immediate reporting of unusual or suspicious activity to management and the Information Security Officer. Follows all procedures to protect com-pany computers from viruses, and to maintain the security and confidentiality of Credit Union data.
• Participates in annual Bank Secrecy Act (BSA) and Office of Foreign Assets Control (OFAC) training and demonstrates knowledge and understanding of the BSA and OFAC, including the immediate reporting of unusual or suspicious activity to the Risk Management Department. Undertakes additional training specific to daily responsibilities and as required to ensure con-tinued compliance with all applicable regulations.
• Ensures the Credit Union’s safe harbor protections as allowed by the BSA. Understands that if confronted with knowledge of existence of a Suspicious Activity Report (SAR), an obligation ex-ists to preserve the confidentiality of that SAR, as well as any information that may reveal the existence of a SAR. Maintains awareness of, and immediately reports to the Compliance Of-ficer, any unauthorized disclosure of a SAR, or unauthorized disclosure of information related to a SAR. Understands that failure to do so is a violation of federal law and may lead to both civil and criminal penalties for SAR disclosure violations