Accounting Manager

NIH Federal Credit Union
Rockville, MD
Feb 10, 2021
Feb 24, 2021
Full Time
Job Description Description: We are looking for more than just an employee, we are looking for a true team member dedicated to enhancing the member experience! Come join the credit union movement and Discover Banking With Heart at NIHFCU! Be a part of our team where commitment to members with exceptional service and banking solutions that enhances their lives is our mission. If helping people and making a difference appeals to you, this is the place for you! At NIHFCU, one of our core values is investing in our employees, which is why we offer perks like these: Benefit Package for all Full time employees includes health, dental, vision, Life insurance benefits 401(K) and profit sharing Tuition Reimbursement Career Advancement and development Credit Union Membership with discounted services and products GENERAL SUMMARY The Accounting Manager is responsible for the effective operation of the Accounting Department and supervision of the general accounting function to include accounts payable processing, month-end closing of the general ledger, preparation and review of general ledger entries, reconciliation review, and assistance with preparation for periodic audits of financial information by independent parties. The Accounting Manager performs detailed work similar to supervised staff assignments, as well as overseeing the work of the Accounting team. Maintains functional knowledge of transactional systems supplying general ledger summary entries and their related general ledger interface controls. Comprehends financial institution activity channel(s) and workflows. The Accounting Manager is expected to exercise sound judgment to plan and accomplish goals, assist with the design, monitoring, and reporting of internal control systems. In addition, the Accounting Manager is expected to apply generally accepted accounting principles, and abide by NCUA guidelines in conjunction with NIH FCU policies and procedures. The employee will collaborate with management, and contribute to cross-functional work groups to improve credit union operating efficiency and effectiveness. Provides support for regulatory exams; CPA financial statement audits; and support internal audit needs. Responsible for maintaining an environment conducive to associate achievement and satisfaction. MAJOR DUTIES AND RESPONSIBILITIES * Manage and coordinate the effective daily operation of all fundamental accounting functions to include, loan/share accounting, accounts payable processing, and month-end closing process in accordance with generally accepted accounting principles, and NCUA and other regulatory guidelines. * Maintain appropriate systems, processes, records and controls for fixed assets, investments, and accruals (payroll, audit, Rewards, and operating expense). * Establish, implement and maintain department policies, procedures and processes to assure compliance with all applicable local, state and federal laws, regulations and guidelines as well as generally accepted accounting principles and practices. * Collaborate with the Controller to interpret financial statements for review by the Board of Directors, executive and line management, and various outside authorities. * Interact with both internal auditors, and third party, external auditors and regulatory examiners to facilitate the completion of audits and reviews. Organize and coordinate assignments among department associates in preparation of audits by independent parties. * Review team member general reconciliations for accuracy and ensures compliance with General Ledger Reconciliation Control and Review Policy. In team member absence, reconciles any general ledger accounts as necessary. * Assigns and reviews all general ledger reconciliations. Ensures that reconciliation assignments maintain proper segregation of duties. * Understanding of payroll system and performs bi-weekly review of employee payroll. * Serves as the designated representative for the accounting department for cross-departmental projects. Communicates backs to the Controller and the team on the status and impacts of the project. * Serves as the department liaison for the CORE Conversion to ensure that there is a smooth transition. * Monitor changes to regulatory guidelines and ensure data processing systems, business processes and practices are in alignment with requirements, qualify as safe and sound business practices, and reflect organizational values. * Communicate department goals and objectives to associates and report progress to management and associates regularly. * Plan and manage the continual professional development of the Accounting Team. Deliver timely feedback regarding performance and provide guidance where necessary. * Assess the adequacy of available resources and recommend solutions to improve the department's performance and value. * Access Member or Associate personal and financial information only as required by the job. Maintain the confidentiality and security of all Member or Associat

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