AVP of Accounting
Position Summary:
The Assistant Vice President (AVP) of Accounting is responsible for overseeing the day-to-day accounting operations of the credit union, ensuring accuracy, compliance, and efficiency in financial reporting and internal controls. This leadership role supports strategic financial planning and assists in maintaining the financial health of the credit union. The AVP of Accounting plays a critical role in regulatory reporting, month-end close processes, general ledger integrity, and financial audits.
Key Responsibilities:
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Oversee all general accounting functions, including accounts payable, accounts receivable, payroll processing, and general ledger reconciliations.
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Ensure timely and accurate preparation of monthly, quarterly, and annual financial statements.
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Assist in preparation of annual budget and periodic forecasting.
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Maintain internal controls and ensure compliance with GAAP, NCUA regulations, and internal policies.
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Coordinate and support external audits, including preparation of work papers and responses to auditor inquiries.
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Monitor asset/liability accounts and prepare necessary adjusting journal entries.
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Supervise and mentor accounting staff, providing training, guidance, and performance evaluations.
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Manage fixed asset accounting and depreciation schedules.
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Prepare NCUA call reports and other regulatory filings.
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Assist with liquidity management, investment tracking, and cash flow analysis.
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Support strategic financial initiatives, projects, and system enhancements.
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Evaluate accounting procedures and recommend process improvements.
Qualifications:
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Bachelor’s degree in Accounting, Finance, or related field required.
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CPA or CMA certification preferred but not required.
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Minimum of 5 years of accounting experience, preferably in a financial institution or credit union environment.
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At least 2 years of supervisory or leadership experience.
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Strong knowledge of GAAP and regulatory compliance standards (including NCUA).
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Experience with credit union core systems (e.g., Symitar, Fiserv, etc.) and accounting software.
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Advanced proficiency in Microsoft Excel and financial analysis tools.
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Excellent attention to detail, organizational, and time management skills.
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Strong analytical and problem-solving abilities.
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Ability to communicate effectively across departments and at all levels of the organization.