Finance Manager

IC Federal Credit Union•Fitchburg, MA

18d•Hybrid

About The Position

Reporting to the AVP Finance and Assistant Controller, the Finance Manager has direct supervision of the Staff Accountant and Accounts Payable Specialist and is responsible for oversight of the day-to-day operations of the accounting department. This role assists with maintaining the overall financial and statistical records of the Credit Union and performs a variety of accounting, financial analysis and administrative functions. This role is responsible for reconciliation preparation and review, as well as budget preparation and budget to actual variance reporting. This position supports the AVP Finance & Assistant Controller and SVP Finance & Controller to ensure achievement of the company and department goals and objectives.

Requirements

Bachelor’s degree with a concentration in accounting or finance, with a strong computer/technology background.
Three to Five (3-5) years of related progressive experience in credit union management or a related financial field are preferred.
Must have a thorough knowledge of GAAP, financial and accounting practices, and procedures.
Must have demonstrated ability to analyze financial and statistical data.
Must display a general knowledge of credit union operations, accounting, fixed assets, and investments.
Proficient with Microsoft Office suite of products.

Nice To Haves

Specific knowledge of Fiserv Prologue Financials and Investment Portfolio Accounting systems preferred.

Responsibilities

Responsible for oversight and supervision of the day-to-day performance and operation of the accounting department including the accounts payable, financial and accounting functions and staff; assists in directing and coordinating the activities of the department to ensure effectiveness.
Recruits, develops and evaluates the accounting staff.
Ensures the accuracy of the General Ledger.
Assists the AVP Finance & Assistant Controller with the period-end (month, quarter, and year) financial closing process and monthly/quarterly reporting.
Prepares various financial statements and/or reports to support various regulatory, managerial, and internal reporting on a scheduled and as needed basis (e.g. Quarterly Call Report, FHLB QCRs, CECL).
Assists with oversight of the Credit Union’s daily liquidity and cash management process.
Assists with oversight of all reconciliations and is responsible for preparing and reviewing various monthly reconciliations.
Assists with updating various month-end supporting schedules, including loans summary, accumulated credit losses and problem asset memo tracking.
Assists with the annual budget preparation, budget updates that may occur during the calendar year and related budget reporting.
Responsible for the month-end variance reporting process.
Assists the AVP Finance with development of and updates to accounting procedures to ensure a strong internal control system is maintained and complies with corporate policy.
Assists with 5300 Call Report supporting schedules preparation.
Reviews various clearing accounts on a daily basis and records related journal entries.
Prepares various month-end journal entries.
Communicates all suspicious transactions and activity to the SVP Finance and AVP Finance and notifies appropriate managers immediately.
Reviews all fixed asset transactions and reporting and coordinates the fixed asset periodic data scrub and physical inventory.
Responsible for review of monthly investment transactions.
Responsible for the reconciliation of the Credit Union’s Federal Reserve Bank account and related journal entries.
Responsible for the reconciliation of the Credit Union’s correspondent bank account balances with PNC, Federal Home Loan Bank of Boston (including Fed Funds) and Catalyst.
Assists the SVP Finance and AVP Finance with preparation of schedules and various other audit requests received from auditors and regulators.
Functions as the backup to the AVP Finance and Staff Accountant during periods of absence and assists the AVP Finance on an as-needed basis.
Ensures the highest level of Quality of Service to all internal and external customers.