Director Of Accounting

Description

Summary

Manages the overall operations of the Accounting department and its processes, systems and reporting requirements. Ensure all monthly financial statements, BOD and ALCO reports are correct and accurate and completed on time. Review, mentor and develop staff. Ensure all accounting processes are in accordance with GAAP and CU policies and procedures.

Essential Functions

30% 1. Responsible for managing the accounting department functions including AP, AR, budgets cash flow, financial reporting, GLs, investments and taxes. Implement policies and procedures for the accounting department and ensure that they reflect current regulations and GAAP, and are following credit unions practices and procedures.

30% 2. Review monthly financial statements to ensure for accuracy. Research and resolve any discrepancies and/or corrections/adjustments as necessary before forwarding to VP. Deliver month end close. Ensure reconciliations and journal entries are accurate

20% 3. Track expenses and revenues vs. budget information to reforecast and analyze fluctuations. Develop, maintain and distribute ad-hoc reports and financial models as needed. Ensure all activities of the department are in accordance with GAAP and that accounting records are maintained accurately and in compliance with laws and regulations. Ensure accounting processes and controls are documented, assessed and regularly monitored, including identification of process and/or control deficiencies.

10% 4. Responsible for special projects within the department. Responsible for partnering with other departments on special projects such as indirect lending, credit card/debit card programs, mortgages etc. Keeps CFO informed of any problems or concerns. Prepares annual budget and monitors fixed assets

Non-essential Functions

10% 1. Other duties as assigned. May perform a variety of miscellaneous tasks including typing, filing, computer input & answering the telephone.

Expectations

• Provide accurate and timely financial and ALCO statements to the board. Management is provided with useful and informative reports and data. Ensure the CU's financial position is accurately stated.
• External reports, records, and tax documents are accurate and filed timely.
• Accounting methodologies as well as operational procedures are reviewed regularly and modified as needed.
• Accounting is in compliance with NCUA and GAAP guidelines. Procedures are in compliance with published FFCU policies and procedures.
• Positive business relations with internal and external auditors, government officials, and trade professionals.
• Strong communication and effective working relations with other departments and direct reports.

Requirements

Qualifications

Education: Bachelor's degree in accounting/finance

Experience: 7-10 years relevant/equivalent experience. Must be bondable

Knowledge, Skills, Abilities: Strong understanding of basic & intermediate accounting principles. Strong analytical & problem solving skill sets. Experience with Microsoft Excel required. Intermediate or advanced skill set preferred. Attention to Detail. The ability to work in a changing environment & communicate effectively at all levels.