Vice President, Accounting & Corporate Controller

Vice President, Accounting & Corporate Controller

Job Category
:
Finance

Requisition Number
: VICEP
004501

• Full-Time
• On-site

Showing 1 location

City Center 721 Lakefront Commons Newport News, VA 23606, USA

Imagine being part of a company where your growth is valued and your journey is supported. Imagine yourself at Langley Federal Credit Union, where we're dedicated to shaping a meaningful path together. You belong at Langley.

Langley Federal Credit Union is one of the 100 largest credit unions in the United States with over $5B in assets and over 400,000 members. We are constantly growing and have recently expanded to neighboring states and other parts of Virginia.

Langley is committed to being the best place you will ever work, and it all begins with our comprehensive employee benefits package, which includes affordable medical, dental, and vision plans in addition to:

Investing in You:

• Educational Assistance, encompassing books, lab fees, registration costs, and more.
• Support for Student Loan Repayment.
• Abundant Career Growth Opportunities.

Time Off That Matters:

• Generous Paid Vacation that starts accumulating from day one, progressively increasing with every five years of service, up to a maximum cap.
• Celebrate 13 Paid Holidays, including your birthday and the day following Thanksgiving; enjoy Floating Holidays too!
• Paid Sick Time for all team members.
• Highly competitive 401K plan featuring a 6% company match, with immediate vesting with a ROTH IRA option.
• Company-covered short- and long-term disability insurance.
• Complimentary Life Insurance and the choice of additional Voluntary Life Insurance.
• Flexible Health Care and Dependent Care benefits.

Job Summary:

The Vice President of Accounting and Corporate Controller ensures the integrity of the general ledger and the accuracy and timeliness of both internal and external financial reporting. This role oversees the design and operation of the accounting control environment. It directs all accounting operations, including financial close processes, consolidations, regulatory reporting, the allowance for credit losses, subsidiary and foundation accounting, tax compliance, and the establishment of accounting policies for a complex, growth-oriented institution with multiple wholly owned and minority-interest subsidiaries (CUSOs) and an affiliated charitable foundation.

The Corporate Controller serves as a senior technical accounting resource for the Credit Union, advancing the consistent application of U.S. GAAP throughout the organization, including CECL. Additionally, this position serves as a key point of contact for external auditors, the Supervisory Committee, and NCUA examiners on accounting and financial reporting matters.

Essential Functions, Duties, and Responsibilities:

Accounting Operations and Financial Close

• Directs all general ledger operations, including chart of accounts governance, journal entry standards, account ownership, and month-end, quarter-end, and year-end close. Drives the close calendar to a consistent, documented timeline with clear escalation paths.
• Owns account reconciliation and certification programs across all accounts, with risk-based frequency, aging standards, and independent review requirements.
• Oversees accounting for loans (including purchased and participated loans), investments, deposits, borrowings, derivatives and hedging, leases, fixed assets, prepaid and accrual accounts, and employee benefit plan obligations. Directs accounts payable, purchasing card, and disbursement operations in accordance with the Purchasing and Accounts Payable Policy, including segregation-of-duties and payment fraud controls.
• Continuously improves close efficiency through automation, standardization, and elimination of manual processes.
• Produces accurate, timely monthly financial statements and supporting analytics for the ELT, ALCO, and Board of Directors.
• Prepares annual audited financial statements and footnote disclosures in accordance with U.S. GAAP, coordinating all supporting schedules and disclosure checklists.
• Owns the NCUA 5300 Call Report end-to-end: preparation, review, certification support, cross-validation to the general ledger, and remediation of any edit or accuracy findings. Maintains documented Call Report mapping and change control.
• Contributes to capital reporting and monitoring under NCUA Part 702, including risk-based capital / CCULR computations and the interaction between the allowance, capital, and earnings.
• Partners with Financial Planning & Analysis on management reporting, cost center and profitability reporting, and the integrity of data feeding forecasting and ALM models.

CECL and Allowance for Credit Loss

• Owns the ACL process across all portfolios — consumer, indirect auto, real estate, commercial/member business, investments…