Financial Services Sr. Accountant

Overview

This role applies accounting principles to support daily cash flow balancing with third parties and to prepare and complete settlement schedules using internal and external settlement systems and data. Experience in accounting month-end close processes is required. Strong problem-solving skills, continuous improvement mindset, and the ability to automate processes using Excel, Power BI, and SQL are essential. Work is performed with limited supervision while following established policies, procedures, vendor agreements, and regulations.

Responsibilities

ATM Deposit Reconciliations

• Prepare daily reconciliations of ATM Network Settlement.
• Prepare daily reconciliations of ATM Foreign Network Settlement.
• Prepare daily reconciliations of Fiserv Network Settlement.
• Research differences and post adjustments/corrections in a timely manner (as prescribed by network rules) to minimize member inconvenience and risk to the organization.

Branch Deposit Reconciliation

• Prepare daily deposit reconciliations for all credit union channels, including:
  • Branch
  • Mobile (both phone and scanner)
  • ATM
  • Other channels as introduced by the organization
• Advise branches of deposit adjustments as needed, ensuring all information required to post to the appropriate member account is provided.

Financial Analysis & Month-End Processing

• Create Accounting group month-end calendar preparation and monitor/update all groups regarding monthly close status on a daily basis during month-end close.
• Compile and analyze financial information to prepare entries to general ledger accounts (e.g., loan, share, and investment transactions).
• Conduct research and analysis to develop financial data for inclusion in various reports, as necessary.
• Prepare monthly Dividend Testing spreadsheet to ensure share dividends adhere to policy.
• Prepare complex general ledger entries from provided source documentation as required during month-end processing.
• Analyze and enter accruals monthly and perform true-ups quarterly and recommend adjustments as needed.

Shared Branch Reconciliation

• Prepare daily Shared Branch reconciliations.
• Research differences and post adjustments/corrections in a timely manner.

Daily Reviews & Adjustments

• Review reports and post adjustments to clear outstanding items daily, including:
  • GL Exceptions
  • Teller Exchange
  • GL Variance
  • Share and loan to GL Balancing

Backup Role Duties

May perform backup duties including:

• Payroll
• Various agency emailing and case work as needed
• New state employer account creation
• Multiple reporting requirements on a yearly and quarterly basis
• Maintains work location matrix
• Creation and processing of multiple state POA’s for UKG compliance
• Verification of Employment data requests for HR
• 401k payroll reporting
• ACA Reporting
• As directed, compile financial information and prepare some or all of the following:
  • Daily Position
  • Internal account wire transfers
  • Other ad hoc reports
• Prepare monthly Dividend Testing spreadsheet to ensure share dividends adhere to policy
• Prepare monthly Capital Budget Worksheet and distribute
• Vendor Management in Concur AP Portal
• Review journal entries for completeness and accuracy

Other Duties

• Other duties as assigned.
• Prepare bank drawdowns and wire transfers of organization funds.
• Process GL clearing forms received from branches/departments.
• Process daily journal entries as assigned.

Requirements

Education & Experience

• Bachelor’s degree in accounting or a related area from four-year college or university
• 4+ years having worked in an accounting department performing month-end close processes
• Understanding of accrual-based accounting
• Strong ability to problem-solve and come up with solutions on the fly
• Strong attention to detail
• Ability to analyze data, explain results, and demonstrate good business judgment
• Strong curiosity in accounting fundamentals; willingness to seek answers via questions and take initiative

Knowledge, Skills, and Abilities

• Ability to read, analyze, and interpret information on professional and technical journals, financial reports, legal documents, and internal systems and documents
• Ability to write routine reports and correspondence (including email) using correct spelling and grammar
• Ability to understand the purpose of intended email and succinctly relay what is needed
• Ability to speak clearly, tactfully, and effectively to members, volunteers, and employees at all levels of the organization
• Ability to effectively present information in one-on-one and small group situations

Mathematical Skills

• Ability to add, subtract, multiply, and divide in all units of measure using whole numbers, common fractions, and decimals
• Ability to compute rates, ratios, and percentages and to produce and interpret graphs

Computer Skills (Required)

• Proficient in MS Word and MS Excel in a Windows-based environment
• Power BI
• Microsoft SQL Server
• Intermediate to advanced knowledge of Excel, including proficiency with VLOOKUP’s, macros, and pivot tables
• Ability to effectively communicate via email, chat, and online meeting applications
• Ability to work well with both intra- and inter-departments (non-accounting)

Preferred Qualifications

• 3–5 years of experience in the finance industry
• Settlement accounting experience
• General ledger reconciliation experience
• Experience processing payroll
• Experience with Episys
• Experience with Fiserv
• Audit experience
• Experience with Concur
• Experience with OnBase
• Internet research skills
• Ability to quickly learn specialized software applications

Compensation & Benefits

• Salary is based on qualifications and geographical location (Zone).
  • Zone 1: $35.65 - $49.02
  • Zone 2: $32.44 - $44.61
  • Zone 3: $29.95 - $41.18
  • Zone 4: $28.52 - $39.22
• This position is eligible to participate in the Corporate Incentive Plan.
  • Annual incentive opportunity ranges from 0–8% of incentive eligible earnings, based on:
    • Institutional performance (0–2%)
    • Individual performance (0–6%)
  • Incentive payments are discretionary and subject to approval.
• Bonus/incentives for all regular employees
• 401(k) with 8% company contribution
• Medical, dental, and vision insurance for employees and dependents paid at 80%
• PTO and paid sabbaticals
• Tuition reimbursement

Location

Geographical location affects pay via Zone. Salary ranges vary by Zone (Zone 1–4).