Controller, Finance & Banking, Financial Manager

Rio Grande Credit Union

Job Title:

Controller Department:
Accounting

Reports To:

Chief Financial Officer FLSA Status:
Exempt Grade: 13

The Controller works closely with the Chief Financial Officer (CFO) and is responsible for ensuring that the Credit Union’s Accounting Department runs smoothly and efficiently by establishing and maintaining the fiscal record keeping system by utilizing generally accepted accounting principles, adhering to tax laws and regulatory compliance to properly reflect the financial position of the Credit Union, and ensuring department activities run smoothly and efficiently.

Create an environment and culture to make members dreams come true.

Include the following. Other duties may be assigned. This job description in no way implies that the duties listed here are the only ones that the employee can be required to perform. The employee is expected to perform other tasks, duties and trainings as dictated by their manager.

• Oversee the Accounting Department through the Accounting Manager along with other areas of responsibility by establishing and maintaining the Credit Union’s fiscal record keeping system by utilizing generally accepted accounting principles, adhering to tax laws and regulatory compliance to properly reflect the financial position of the Credit Union.
• GAAP adherence and compliance.
• Oversee the preparation of financial reports timely and accurately.
• Prepare Monthly Board/ALCO Package requirements pertaining to Finance.
• Oversees the review of monthly expenses to assure proper General Ledger and Budget classification.
• Lead the Branch Accounting vision.
• Performs Profitability Modeling – Department, LOBs, and Systems.
• Manage the preparation, review, presentation, and tracking of the budgeting process.
• Identifies variance between the accepted annual budget and actual performance.
• Periodic review of financials for accuracy and variances.
• Manage cash, liquidity, and interest rate risk assumptions.
• Oversee financial audits and regulatory exams.
• Oversee the CU’s reserve accounts like ALLL/ CECL and Claims.
• Keeps up to date on Laws, Regulations, Policies, GAAP, Regulatory Handbooks, SOPs that effect position and Department.
• Oversees, gathers, and calculates data associated with the preparation of various routine and special financial statements and reports; reviews documentation for accuracy and completeness; highlights critical areas of the documentation for management’s review; and presents and explains reports and documentation to Senior Management.
• Assists in preparation of annual budget projections based on input from executives; reviews expenditures to ensure compliance with budgets; and notifies appropriate executive(s) in the event expenditures exceed budgets.
• Responds to inquiries or refers inquiries to the appropriate department or person and exhibits the necessary follow through with customers and/or staff involved. Provides supervision and support to all areas of the department where service or assistance is needed; oversees activities of assigned department personnel.
• Assists other branch and department offices in resolving accounting inquiries and providing staff support and participates in various internal committees assigned by Senior Management.
• Assist CFO with Strategic Planning, Implementation, and Measurement.
• Assist CFO with Investment pre- and after-purchase analysis.
• May perform managerial duties in the absence of the Chief Financial Officer and is expected to provide leadership, training, and guidance to less experienced staff members.
• Provides indirect supervision and oversight to the following accounting functions, including, but not limited to:
• Accounts Payable/Receivable.
• Development and implementation of systems and procedures to maintain proper financial records.
• General Ledger Accounts
• Investment Accounting and Analysis
• Asset/Liability Management assumptions
• Company Credit Card
• Consistently applies superior decision making techniques pertaining to inquiries, approvals, and requests as they apply to existing policies and procedures, keeping within assigned approval limits and using these instances as learning tools for…