Staff Investor Accountant
About The Position
This position is part of the specialized investor accounting series in the Accounting Department. Under general direction, the Staff Investor Accountant performs routine accounting and financial record-keeping functions while ensuring compliance with Generally Accepted Accounting Principles (GAAP) for the Credit Union. The role involves processing transactions, accounting for loan purchases and sales, reconciling accounts, and supporting close processes, audits, and tax reporting. The position requires learning organizational procedures and systems, working effectively with a team in a fast-paced and changing environment, and communicating with internal personnel and third parties. Team members must comply with applicable regulatory requirements and assigned training, including BSA and SAFE Act requirements.
Requirements
- Bachelor's degree in Accounting, Finance, or a similar business area of study from a four-year college or university.
- A minimum of 1–3 years of professional experience in Accounting or Finance.
- Ability to read and comprehend instructions, short correspondence, and memos; write simple correspondence; and effectively present information in one-on-one and small-group settings.
- Ability to perform basic arithmetic using whole numbers, common fractions, and decimals, and compute dividends and interest.
- Ability to solve practical problems, handle situations with limited standardization, and interpret written or oral instructions.
- Ability to process transactions efficiently and communicate policies and procedures to Members in an understandable and professional manner.
- Must comply with applicable Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) laws, regulations, and internal policies and procedures.
- Must be comfortable asking questions and problem solving.
- Must be able to work as a team member and learn systems and processes.
- Must be familiar with, and interested in learning to use, common systems for working with large data sets, including Excel, Power Query, Power BI, Snowflake, Tableau, Copilot, and Claude.
- Must be able to learn and understand custom reports used for regulatory, tax, and financial purposes.
- Desire to learn and ability to thrive in fast-paced, flexible environments operating amid uncertainty and changing market conditions.
Nice To Haves
- General knowledge of the financial services industry, products, environment, and regulations; this knowledge need not have been obtained through employment at a financial services entity.
Responsibilities
- Process daily transactions, including validating, sending, receiving, and posting wires; validating, depositing, and withdrawing funds; and generating payments.
- Post business transaction details to subsidiary accounts by journal entry using various source documents.
- Process transactions for FinTech and participation loan pools bought and sold, record balancing entries and monthly remittance activity, and generate formatted reports.
- Record journal entries for loan purchases and sales, including gains on sale, premiums, and discounts; follow designed processes to generate related schedules and participation pool schedules.
- Communicate with internal personnel and third parties while processing transactions, purchases, and sales.
- Reconcile assigned general ledger accounts, bank accounts, reports, and schedules.
- Follow designed procedures and learn the organizational intent behind them.
- Assist with month-end and year-end close processes, audits, and tax reporting.
- Comply with regulatory requirements and assigned training, including BSA regulations and the SAFE Act.
- Work as a team member, learn various systems and processes, and adapt to fast-paced, flexible environments that change with market conditions.
- Perform other duties as assigned.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
