Controller

Responsible for ensuring that outstanding service is delivered to both internal and external members. In addition, the Controller is responsible for establishing and maintaining the Credit Union's fiscal record keeping systems by utilizing generally accepted accounting principles; adheres to all laws and regulatory compliance to properly reflect the financial position of the Credit Union; ensures that all financial related activities run smoothly and efficiently while ensuring compliance with Credit Union policies and procedures.Job Function:Responsibilities:Promotes teamwork, respects the opinions, abilities, and contributions of others, and conveys a willingness to assist and cooperate with others for the benefit of the organization.Assists in attaining established goals and adheres to all credit union standard operating policies and procedures, as well as state and federal regulations and guidelines. Responsible for accurately completing daily task activities and entering data promptly.Develops, tests, and implements policies and procedures (manual and computerized) for maintaining accurate accounting records and preparing reports.Responsible for recording and reporting tangible taxes, backup withholding, tax exemption status, and credit life & disability insurance.Manages, compiles, and ensures the accuracy of the quarterly regulatory requirement, maintaining the Profile and all work papers involved in preparing the 5300. The Controller is also responsible for following up on historical errors and discrepancies in the reported data.Process the CECL calculation, assist the CEO with CU Investments, approves consumer and mortgage loans as needed.Maintains and monitors Liquidity Analysis to determine the seasonality of deposits and loans and to support minimum liquidity needs; monitors the cash flow of the credit union's liquid assets daily.Maintains records of Credit Union investments and properly records investment income. Maintains a schedule of accrued income on investments. Ensures that investments are appropriately classified on the Statement of Condition following Credit Union Policies and with GAAP. In consultation with the CEO and by investment authority delegated to management by the Board, makes investment decisions.Develop and implement processes to streamline and automate the accounting department's processes and procedures. Assists the CEO with updating policies and revising procedures related to the Credit Union.The incumbent will oversee the creation of the monthly financial package and the financial presentation for the board. The incumbent will also develop the monthly financial presentation that goes to the board.Assists the CEO with preparing the annual budget and projections based on input from management and the board, including budget modeling. Maintains current knowledge and awareness of the financial industry status and trends to assist the CEO in making decisions.Assists the CEO and the office Manager with gathering essential records and reports needed by outside Auditors/Examiners; assists Auditors/Examiners while on sight at Credit Union.Job Requirement:Requirements:Bachelor's degree in Finance from a four-year college or university or five (5) to eight (8) years of related experience and/or training; or the equivalent combination of education and experience. Work related experience should consist of an in-depth background in accounting/finance and exceptional customer service.Educational experience, through in-house training sessions, formal school or financial industry related curriculum, should be applicable to the financial industry.Knowledge of general accounting, financial, budgeting, and related accounting and record keeping systems in a financial institution.Keeps up to date with GAAP and FASB standards and communicates any changes that are coming.Knowledge of related state and federal banking compliance regulations, and all Credit Union policies and procedures.Advanced skills in personal computer operation, word processing and spreadsheet software programs.Exceptional oral, written, analytical, and interpersonal communication skills with the ability to apply common sense to carry out instructions and instruct others, interpret documents, understand procedures, write reports and correspondence, communicate clearly to members and employees.Ability to deal with complex problems involving multiple facets and variables in non-standardized situations.Excellent organizational and time management skills, with ability to multi-task, ability to work with little to moderate supervision while performing duties and to be a strong team player.

Created: 2025-03-03