Credit Union Controller

Northwestern Mutual

1d•Onsite

About The Position

About the Job: Oversees the financial reporting and accounting areas of Northwestern Mutual Credit Union. Serve as a primary liaison with regulatory examiners and external auditors. Oversee the asset/liability management function while contributing to the liquidity management of the Credit Union. Has significant input to policy, procedure, and strategic direction of the organization. Develop, review, recommend and implement financial policies and procedures.

Requirements

Bachelor’s degree in accounting or finance.
5 - 7 years of previous accounting or finance experience in a financial institution; in lieu of financial institution experience, CPA or MBA will be considered.
Demonstrated ability to work independently while prioritizing multiple tasks.
Strong analytical, decision making and communication skills.
Proficient user of Microsoft Office suite of products.

Responsibilities

Responsible for timely and accurate preparation of the Northwestern Mutual Credit Union financial statements in accordance with Generally Accepted Accounting Principles.
Prepares and reviews bank and general ledger account reconciliations ensuring that reconciling items are researched and resolved.
Prepares monthly reports for the credit union's board of directors.
Develops and maintains written accounting procedures for all credit union products and services.
Manages the auditing and regulatory examination function of the credit union.
Manages all credit union tax reporting and quarterly regulatory reporting.
Develops appropriate internal controls that will ensure accuracy in credit union operations and deter fraud.
Provides training to other credit union employees and monitors adherence to those controls
Plays a key role in the credit union's investment and liquidity management functions according to policy.
Analyzes potential investments based on credit union investment policy.
Plays a key role in assessing concentration risk, liquidity risk, and cash flow projections.
Ensures adequate liquidity for typical loan demand and deposit withdrawals and conducts annual tests of contingent liquidity sources.
Manages the credit union's Asset/Liability Management (ALM) function, providing accurate input and analyzing output for accuracy, risks, and trends.
Consults with ALM vendor requesting projections using various what-if assumptions.
Works in conjunction with the President and Asset Liability Committee (ALCO) Chair to set agendas, run meetings and maintain meeting minutes.
Reports results and recommendations to management and the board of directors.
Oversees the back testing and validation of the ALM model and assumptions as needed.
Plays a key role in the budgeting function of the credit union, providing historical information and projections under various assumptions to management and the board of directors.
Manages vendor relationships and performs annual analysis on them.