Accountant II

Tower Federal Credit Union•Laurel, MD

1d•$36 - $45

About The Position

The Accountant II applies accounting principles to prepare balance sheet general ledger reconciliations, identify and resolve errors, omissions, and irregularities, and maintain accurate accounting records for Tower Federal Credit Union (TFCU) and its service organizations. The role prepares internal and regulatory external reports and processes incoming wire transfers. It also takes a lead role in supporting Accountant I staff and contributing to department initiatives, including software integration and development, and collaborates with other lines of business to resolve reconciliation differences. The position maintains fixed and prepaid asset records and depreciation, monitors transactions flowing through supporting systems and the general ledger, supports month-end close and financial reporting, prepares journal entries, and develops accounting reports and procedures. It also supports property management accounting, wholly owned CUSO accounting, external audits, and NCUA examinations. The core schedule may vary according to business needs, and work hours may extend beyond the defined schedule when operating conditions require.

Requirements

Bachelor’s degree in Accounting or Finance plus 3 years of directly related experience, or 7 years of related experience in a financial institution.
Working knowledge of transaction flows for accounting processes that affect the general ledger.
Ability to prepare accurate balance sheet general ledger reconciliations, resolve outstanding items promptly, and create reconciliations for newly opened general ledger accounts.
Proficiency with advanced Excel features, including complex functions such as average, round, IF/THEN, linking, and recording macros.
Ability to perform property management accounting, including liaising with property managers on invoice coding, end-of-month accounting, capital asset classification, quarterly funding, and variance tracking.
Ability to provide supporting documentation for annual external audits and NCUA examinations.
Ability to set up automated balance sheet reconciliations using Prologue Frontier.
Proficiency managing accounting for a wholly owned CUSO.
Strong independent problem-solving skills, including researching and resolving discrepancies in balance sheet and income statement general ledger accounts.
Ability to maintain sensitive and confidential information and equipment and safeguard confidential information.
Regular, reliable, and timely attendance.
Ability to sit, stand, and walk for extended periods; sufficient dexterity and vision to operate office equipment; and ability to lift up to 15 lbs. with or without assistance.
Ability to work hours that may extend beyond the defined schedule when operating conditions dictate.
TFO Security Clearance required.

Responsibilities

Maintain the fixed and prepaid asset subsidiary system and record depreciation transactions.
Compile financial reports and reconcile source documentation to the general ledger, including preparing appropriate month-end entries.
Monitor daily transaction flows between supporting systems and the general ledger; identify and resolve errors, omissions, and irregularities.
Analyze reconciliations prepared by account custodians, provide guidance on reconciliation procedures, and assist departments in resolving accounting issues.
Prepare periodic reports on reconciliation status, ensure reconciliations meet deadlines, and inform accounting management about problematic accounts.
Participate in month-end close and prepare board and regulatory reports; research general ledger accounts and prepare journal entries.
Prepare reports using accounting systems, from initial design through analytical review of results.
Analyze and document accounting procedures and practices, and independently develop procedures in conjunction with accounting processes.
Suggest improvements to promote department efficiency.
Maintain the fixed asset register, resolve discrepancies, prepare monthly reconciliations and audit lead schedules, and guide entry-level accountants on useful lives under TFCU policy and IRS guidelines.
Serve in a lead role with Accountant I staff on system issues and department initiatives.
Process TFCU incoming wire transfers.
Collaborate with other lines of business to resolve reconciliation differences and accounting issues.
Perform other duties as assigned.