Senior Staff Accountant

Location: Rockville, MD
Date Posted: 04-13-2018
Senior Staff Accountant
Rockville, MD
Full-time
To apply: careers@mccloskeypartners.com

 

 

GENERAL SUMMARY

Responsible for: This position is responsible for reviewing expense classification, provides summarization of financial data of the credit union's income and expense transactions and prepares monthly closing entries as needed. The position reviews and analyzes monthly variances and investigates and resolves identified errors. This position is responsible for effective payroll processing and preparation of entries to the general ledger according to generally accepted accounting principles ensuring compliance with applicable federal, state and local regulations. The position functions with limited supervision. The employee is expected to exercise judgment to plan and accomplish goals in conjunction with the company’s policies and procedures. The employee will collaborate with management, and contribute to cross-functional work groups to improve credit union operating efficiency and effectiveness.
 

MAJOR DUTIES AND RESPONSIBILITIES

  • Maintain confidentiality of credit union information.
  • Process payroll. This includes timesheet management and processing and tracking employee benefits. Prepare all general ledger entries related to payroll. Prepare all monthly, quarterly, and year-end reports and tax filings.
  • Reconcile and monitor accounts related to deferred employee benefit contributions.
  • Maintain daily posting and reconciliation of general ledger accounts pertaining to credit card transactions (PSCU).
  • Maintain daily posting and reconciliation of general ledger accounts pertaining  to  daily ATM settlements.
  • Reconcile and monitor various general ledger accounts such as clearing accounts, accrued income and accrued liability balances.
  • Reconcile general ledger control accounts pertaining to share and loan balances to the core system.
  • Reconcile and monitor general ledger accounts pertaining to insurance premiums pertaining to GAP insurance and credit/life and disability.
  • Perform month-end closing duties including, but not limited to posting adjusting journal entries, reconciling general ledger accounts, analyzing trends in operating expenses.
  • Reconcile assigned detail general ledger account to financial statements.
  • Prepare NCUA Satex schedule for the Balance Sheet on a monthly basis.
  • Prepare schedules for regulatory report NCUA 5300 Call Report on a quarterly basis.
  • Provide backup for the following functions including, but not limited to:
 
  • The accounts payable function. The review of all bills incurred by the Credit Union and assigning the appropriate general ledger account and cost center to each bill, route invoice to owner for approval, issue check, maintain paid bill files, and handle billing questions/errors with vendors.
  • Prepare schedules and file regulatory report FR 2900 on a weekly basis.
  • Prepare BL daily loan payments report and reconcile MBL GL to FMS.
  • Prepare daily bank reconciliations for Federal Reserve and ACH.
  • Utilize software to generate data reports as required.
  • Monitor changes to regulatory guidelines and ensure accounting processes comply with generally accepted accounting requirements.
  • Ensure that work results and processes comply with relevant laws and with established policies, procedures, and practices.
  • Attends all assigned training and successfully completes training tests as applicable.
  • Provide leadership through personal actions and day-to-day management practices to support the company’s values.
  • Reports to the Manager of Accounting, Human Resources or to senior management any actual or suspected fraud or financial dishonesty or wrong-doing involving Member transactions, employees, or the company
  • Provide historical schedules and analysis as requested for audit and review activities of the company’s operations by internal audit, compliance personnel, external auditor  and  examiners.
  • Team with other employees and provide  guidance for proper entry and reporting  of transaction activity in a timely and accurate manner.
  • Access Member or Employee's personal and financial information only as required  by the job. Maintain the confidentiality and security of all Member or Employee's personal and financial information.
  • The ability to be bonded.
 

EDUCATION & EXPERIENCE

Employee should have a minimum BA/BS degree (or equivalent in the case of international candidates) in Accounting, Finance or Business Administration, with three years of experience preferred. Five years of progressive accounting experience may be substituted for BA/BS degree when accompanied with an Accounting Certificate.

Technical Skills

Employee must possess an understanding of how to operate standard office equipment effectively, demonstrated ability to work with associates and senior management as well as external parties such as auditors/examiners and vendors, and perform at an intermediate-level in MS Excel,  MS  Word, and MS Outlook and at an intermediate-
or
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