Investor Accountant

Valley Strong Credit Union•Bakersfield, CA

8d•$36 - $51

About The Position

This position is in our specialized investor accounting series in the accounting department. Under general direction the investor accountant performs a full range of routine to complex accounting and financial record-keeping functions, while ensuring compliance with Generally Accepted Accounting Principles (GAAP) for the Credit Union.

Requirements

A Minimum of 5 years of professional experience in Accounting/Finance
Ability to read and comprehend instructions, short correspondence, and memos.
Ability to write simple correspondence.
Ability to effectively present information in one-on-one and small group situations to Members and other Team Members at the organization.
Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals.
Ability to compute dividends and interest.
Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.
Ability to interpret a variety of instructions furnished in written or oral form.
Must be able to process transactions in an efficient manner.
Must be able to communicate policies and procedures to Members in an easily understood and professional manner.
Must comply with all Bank Secrecy Act (BSA) and other Anti-Money Laundering (AML) laws and regulations, as they pertain to federal guidelines and internal policies and procedures.

Nice To Haves

Must have a desire to learn, teach, thrive, and coach in a fast paced, flexible environment that operate in uncertainty and routinely change with market conditions.

Responsibilities

Summarizes details in subsidiary ledgers or data files and completes updates to accounting software systems.
Verifies, allocates, and posts details of business transactions to subsidiary accounts by journal entry from various source documents.
Monitors, maintains, and processes Fintech and participation loan pools bought and sold.
Responsible for pool balancing, reporting and monthly remittances.
Records journal entries for loan purchases and sales, including gains on sale, premiums, discounts.
Maintains amortization schedules associated with premiums and discounts and participation pool schedules.
Effectively communicates with internal personnel and third parties when matters require special coordination.
Acts as primary lead in the department to address accounting related questions associated with investor accounting.
Reconciles general ledger accounts, bank accounts, reports, and schedules as assigned.
Assists with month-end and year-end close processes, audits, and tax reporting.
Processing Daily transactions including but not limited to: 1) Validating/sending/receiving/posting wires, 2) Validating/depositing/withdrawing funds, 3) Generating payments
Communicate organization intent, provide recommendations, and represent Accounting in cross functional teams.
Identify GL variances and provide solutions to: 1) Identify past/future variances, 2) Prevent variances, 3) Document action plan if they occur.
Posts details of business transactions to subsidiary accounts by journal entry from various source documents.
Processes transactions for FinTech and participation loan pools bought and sold.
Record balancing entries, monthly remittance activity, and generate formatted reports.
Records journal entries for loan purchases and sales, including gains on sale, premiums, discounts.
Design and improve processes to generate schedules associated with premiums and discounts and participation pool schedules.
Effectively communicates with internal personnel and third parties in processing transactions, purchases, sales, etc.
Create, design, and document procedures and understand organizational intent behind the procedures
Must be able to work and operate as a member/leader of a team and learn various systems and processes.
Must be able to lead/coach/train members of a team on various systems and processes.
Must be familiar with and be able to instruct team members on how to work with large data sets using common systems, including but not limited to Excel, Power Query, Power BI, Snowflake, Tableau.
Must be able to learn how to understand different custom reports designed for different regulatory, tax, and financial purposes.
General knowledge of the financial services industry, products, environment, and regulations are needed, but need not have been obtained through employment at a financial services entity.
Must be comfortable asking questions, problem solving, and making recommendations.
Must be comfortable discussing and briefing Finance topics, terminology, and concepts.
Must be able to identify NCUA Call Report categories, understand regulatory reporting framework, and provide recommendations on reporting.
Must be able to self-identify and resolve errors before review
Evaluate, design, and implement process improvements and automation solutions utilizing available technologies and reporting tools to improve efficiency, accuracy, scalability, and control effectiveness
Research, interpret, and apply accounting guidance, regulatory requirements, and industry best practices.
Document conclusions and communicate recommendations to management.
Performs other duties as assigned.