Director of Accounting

The Director of Accounting is responsible for the oversight of the day-to-day operations of the Accounting Department to include the management of assigned subordinates. The Director of Accounting assists in ensuring relevant Credit Union initiatives receive appropriate support from an accounting perspective to include new and enhanced products and services, system conversions and upgrades, mergers and acquisitions, accounts payable and other expenditures. Responsibilities include the assisting with the development and maintenance of the accounting and general ledger infrastructure to support the recording of financial transactions in compliance with GAAP and regulatory requirements. The position requires a solid understanding of cross-functional areas to include products and services offered to insure the proper accounting treatment of financial transactions. The Director of Accounting is responsible for remaining current with changes in accounting pronouncements and regulatory issues to assess the impact on the Credit Union's accounting processes. The Director of Accounting must be intensely familiar with Generally Accepted Accounting Principles (GAAP), pronouncements and statements issued by the Financial Standards Accounting Board (FASB), and the National Credit Union Administration (NCUA) Rules and Regulations. In addition, the Director of Accounting works closely with the Finance department regarding the impact of accounting processes on the Credit Union's financial statements preparation, budget, and Asset Liability Management functions. The Director of Accounting oversees a staff of accounting professionals and is ultimately responsible for staff training, development, work quality and production of department personnel. The Director of Accounting is responsible for implementing cost and time-saving processes to ensure maximum efficiency of the Accounting Department.

Essential FunctionsAccounting Department Daily Functions / Optimization: Manage and monitor the Department's daily activities to ensure department work quality and standards are maintained. Ensure any exceptions are researched and resolved effectively. Review accounting processes for effective efficiencies, initiating and implementing process improvements as needed. Provide inter-department accounting support for credit union initiatives, serving in an advisory capacity on various project teams. Manage and monitor the month-end process for producing the monthly financials including analytical review of the General Ledger variances. Review the General Ledger reconcilements for accuracy and completeness, and proper classification of outstanding items, including sign-off indicating management review. Manage the composition and maintenance of all department procedures including maintaining the department's business resumption activities. Search for tools and methods to increase organizational efficiencies and implement solutions to that end. Provide inter-department accounting support for credit union initiatives, serving in an advisory capacity on various project teams. Manage and monitor the month-end process for producing the monthly financials including analytical review of the General Ledger variances. Review the General Ledger reconcilements for accuracy and completeness, and proper classification of outstanding items, including sign-off indicating management review. Manage the composition and maintenance of all department procedures including maintaining the department's business resumption activities.Accounting Strategy Formulation / Implementation / Special Projects: Research, develop, recommend, and implement accounting processes to support credit union products and services, system conversions, upgrades, mergers and acquisitions, and other strategic initiatives directed by Senior Management. Responsible for department budget. Assist other functional areas during the enterprise-wide annual budget process with understanding financial activity within their cost center. Serve on or liaise with various committees as assigned, including but not limited to Risk Committee, Data Governance, Tax QA, etc. Other related accounting duties include participation in regulatory reporting, and interacting with internal and external auditors, and examiners.Staff Alignment / Team Development: Provide supervision, training, cross-training, cross-coverage, and support to the Accounting Department staff. Monitor employee performance and provide ongoing feedback and coaching to assigned subordinates. Compose and deliver staff performance evaluations. Working with cross-functional staff and colleagues, evaluating staff workload distribution, and staff assignments, and making recommendations to Management for changes or reassignments as the Credit Union grows and changes.Real Estate Holdings Oversight: Manage and monitor full-cycle lease administration. Enter abstracted lease information into the lease administration software program. Critical date management, lease payment administration, security deposits, tenant improvement allowance collection, and lease decisions with senior Management. Manage the lease portfolio to ensure that renewals are done on a timely basis and that no option dates or lease expirations are passed without review/approval. Assure that all lease payments are paid timely and accurately. Prepare and post all ASC 842 lease accounting entries. Assist in the preparation of various reports, including quarterly construction and lease commitment obligations, annual audit disclosures, and various reporting as requested by executive management and the Board of Directors. Assist with annual budgets relating to lease expenditures. Provide other reports as requested in a timely and consistent manner. Undertake special projects as directed.Bank Secrecy Act: Remains cognizant of and adheres to Ent policies and procedures, and regulations pertaining to the Bank Secrecy Act.