Accounting Specialist

Job Description

Job Description

We are seeking a highly organized and detail-oriented Accounting Specialist to join our credit union. This role involves a variety of accounting responsibilities, including managing financial transactions, preparing reports, and ensuring compliance with internal and external regulations. The ideal candidate is adaptable, efficient, and has a passion for delivering accurate financial results to support the success of our credit union.

Key Responsibilities:

1. General Ledger Management:

- Record, reconcile, and maintain general ledger accounts accurately and in a timely manner.

- Prepare and post journal entries for various financial activities, including adjustments and accruals.

2. Accounts Payable and Receivable:

- Process invoices and payments, ensuring compliance with internal policies.

- Monitor receivables, record member payments, and follow up on outstanding balances.

- Reconcile accounts payable and receivable ledgers.

3. Reconciliation and Reporting:

- Reconcile bank accounts, loan accounts, and investment accounts.

- Assist accounting firm prepare monthly, quarterly, and annual financial statements, including balance sheets, income statements, and cash flow statements.

- Generate reports on budget performance, variances, and financial trends for management review.

4. Regulatory Compliance:

- Ensure compliance with all applicable regulations, including NCUA (National Credit Union Administration) guidelines.

- Assist with preparing documentation and reports for audits and examinations.

- Stay updated on relevant accounting standards and regulatory changes.

5. Budgeting and Forecasting:

- Assist in the development and monitoring of the credit union’s annual budget.

- Provide analysis and recommendations for improving financial performance and cost efficiency.

6. Internal Controls:

- Monitor and enhance internal accounting controls to safeguard the credit union's assets.

- Identify opportunities to streamline processes and improve operational efficiency.

7. Collaboration and Support:

- Work closely with other departments to address financial needs and provide accounting expertise.

- Assist with payroll processing and benefits administration as needed.

- Perform additional tasks or projects as assigned by management.

Qualifications and Skills:

- Education: Bachelor’s degree in accounting, Finance, or a related field preferred, or equivalent experience.

- Experience:

- Minimum of 2–3 years of accounting experience, preferably within a credit union, bank, or financial institution.

- Familiarity with credit union accounting systems and regulatory requirements is a plus.

- Technical Skills:

- Proficiency in accounting software (e.g., QuickBooks, Fiserv, or similar) and Microsoft Office Suite (Excel, Word, Outlook).

- Strong understanding of GAAP (Generally Accepted Accounting Principles).

- Soft Skills:

- Exceptional attention to detail and accuracy.

- Strong organizational and time-management abilities.

- Excellent communication and interpersonal skills for collaboration across teams.

- Ability to maintain confidentiality and handle sensitive information professionally.

-Work Environment:

- Office-based role with occasional overtime during month-end, quarter-end, and year-end closings or audits.

- As part of a small team, the role may involve cross-functional tasks or support to other departments when needed.

-Physical Requirements: Must be able to lift and carry items weighing up to 20 pounds, such as files or office supplies.

Compensation and Benefits:

- Competitive salary based on experience.

- Comprehensive benefits package, including health insurance, retirement plan options, paid time off, and professional development opportunities.