Vice President, Accounting

Municipal Credit Union•New York, NY

11h•$181,700 - $319,680•Hybrid

About The Position

The Vice President (VP), Accounting is a key leadership role, responsible for MCU’s financial operations and controls. The VP Accounting leads a team of financial professionals who manage the day to day operations of the accounting department. As a member of the Senior Leadership Team (SLT), the VP Accounting actively collaborates with peers and executive leaders on all matters related to accounting, reporting, controls, decision support, and analytics in support of day-to-day operations, business initiatives and member wellbeing. The VP Accounting must be willing to embrace a fast-paced, challenging environment and be passionate about process improvement via technology.

Requirements

Bachelor’s degree in Accounting or a related field required.
In-depth knowledge of the Credit Union industry and related accounting practices.
7-10 years of finance or accounting leadership in a bank or credit union.
Exceptional oral and written communication skills.
Ability to effectively lead a large team in a hybrid office environment.
Ability to “fly at various altitudes” – must be able to get into the details with staff, as well as be able to effectively present complex accounting concepts to executive leadership.
Must manage “up” as well as you manage “down.”
Must have demonstrated experience as an automation champion – experience using or implementing advanced technology tools, specifically general ledger and core system querying tools, RPA processes, automated reconciliation tools, month end closing systems, etc.

Nice To Haves

CPA license preferred, but not required.

Responsibilities

Inspire, mentor, develop and lead accounting staff. Must be passionate about building strong, high performing teams.
Be an active member of the senior leadership team, collaborate with leadership to drive success.
Serve as the subject matter expert on all technical accounting matters, ensuring proper application of GAAP in day to day transactions, regulatory filings, management reports and financial statements. Ensure the staff understand the proper application of GAAP.
In-depth knowledge of upcoming accounting pronouncements and exposure drafts that impact the banking industry, and how they will impact MCU. Serve as the subject matter expert on banking and credit union regulatory changes. Develop implementation plans and assess financial and operational impacts.
Participate in executive committees as required.
Lead all budgeting, planning and forecasting activities pertaining to non-interest income and expense. Partner with the Director of Finance on balance sheet and margin planning.
Responsible for the general ledger, ensuring timely and accurate transaction posting from all areas of the credit union. Lead the month-end book close process ensuring accuracy and efficiency.
Ensure proper controls are in place, including reconciliations, performed and reviewed diligently and on a timely manner.
Oversee the accounts payable process, ensuring payables are paid in a timely manner in adherence to policies.
Responsible for cash management. Oversee efficient branch cash operations. Responsible for wire controls. Optimization of cash balances across multiple bank accounts. Support the Director of Finance in liquidity planning.
Serve as Finance transformation champion, continuously finding opportunities for automation. Oversee all technology related initiatives for the accounting department.
Develop best in class finance technology ecosystem.
Oversee all accounting related policies and procedures. Perform annual reviews.
Responsible for NCUA Call Report (Form 5300), monthly management and board reporting.
Coordinate the completion and submission of regulatory filings, and Federal and State tax filings.
Coordinate the annual financial statement audit process.
Oversee the preparation and analysis of the reserve for loan losses (ALLL). Oversee the ALLL system and ensure reserves are accounted for properly under GAAP and internal policies.
Analyze monthly results, summarize and present findings to senior leadership.
Assist the Director of Finance with profitability and other analyses.