Controller/Asset Liability Manager

Mid American Credit Union•Wichita, KS

12d

About The Position

Credit Unions are not-for-profit organizations that exist to serve their members rather than to maximize profits. As a member-owned institution, our focus is on providing a safe place to save and borrow at reasonable rates! That is why our mission at Mid American Credit Union is to be the best choice for quality financial services, above and beyond all other alternatives. Mid American Credit Union is looking for individuals that like to be challenged, rewarded and inspired! This job is perfect for self-motivated, quick thinkers with unmatched problem-solving skills. Are you ready to be a part of a team that provides outstanding service each and every day? The Controller/Asset Liability Manager directs the establishment and maintenance of the organization’s accounting principles, practices, and procedures for the maintenance of its fiscal records and the preparation of its financial reports. Directs general and property accounting, cost accounting, and budgetary control. Appraises operating results in terms of costs, budgets, operating policies, trends, and increased profit opportunities.

Requirements

Education – A Bachelor’s degree in Accounting, Finance, Economics with relevant prior work experience.
Experience – Advanced knowledge with Accounting software required.
Expert use of Microsoft Excel and Accounting Software required.
Knowledge of generally accepted accounting principles, applicable State and Federal regulations, primarily those of the Office of Thrift Supervision, the Securities and Exchange Commission and the Federal Reserve Board and applicable association regulations (e.g., NACHA).
Knowledge of tax regulations and related activities.
Knowledge of laws and regulations covering the management and retention of various types of records.
Must be able to work extended hours and/or travel off site when requested by management.
Must be able to perform job functions independently or with limited supervision and work effectively on own or as part of a team.
Must be able to read and carry out various written instructions and follow oral instructions.
Strong verbal and written communication skills.
Strong organizational skills
Ability to demonstrate a high degree of integrity, trust-worthiness, and maintain confidentiality of information and job-related data.

Nice To Haves

A CPA or MBA is preferred.
Experience with ALM modeling software strongly preferred.

Responsibilities

Review the status of cash account reconciliations weekly; balance sheet reconciliations monthly and direct research/corrections necessary.
Manage & train direct reports to maximize productivity, efficiency, and the potential of the human assets of the company, including: hiring, directing job assignments, monitoring staff performance, coaching, counseling, training, assuring compliance with regulatory requirements and organizational mission, values, policies and work rules.
Responsible for all accrual entries (except tax and general valuation allowances), valuations of servicing rights and goodwill and the establishment of reserves as needed.
Responsible for the efficient, timely and correct processing of all EFT/ACH transactions and for full compliance with all Federal Reserve Bank and NACHA rules.
Accurately produces all monthly and quarterly reports on a timely basis.
Prepares monthly/quarterly loan delinquency reports.
Prepares the quarterly consolidated financial statements and call report.
Prepares the monthly interest margin report, ratio reports, income statements, balance sheets and monthly budget variance reports for management and the Board of Directors.
Prepares the annual report.
Assists in the annual budget process.
Prepares the collateral reports for the Federal Home Loan Bank.
Prepare and forecast salaries, payroll taxes, insurance costs (employee and customers) to incorporate into the project budget for the next year to effectively support the company budgeting process.
Prepare and manage the Accounting Department budget; and oversee the creation and review process of all budget reports for the company prior to presentation to senior management.
Develops and maintains professional knowledge of and ability to understand and implement banking regulations and GAAP in the Banking industry.
Responsible for maintaining fixed asset records and depreciation schedules for the credit union.
Prepares special financial schedules and performs other related duties or projects as assigned.
Direct the development and monthly review of financials to assure accurate and timely financial information is provided to management and the Board of Directors to effectively manage the operations and be accountable to its customers and regulatory agencies.