Senior Accountant

Regular Full-Time Professional Remote NY, NY, US

8 days ago Requisition

Salary Range: $71,600.00 To $ Annually

At Municipal Credit Union, we believe that an incredible culture helps create a happy and motivated team that works hard to achieve the best results for themselves and their members. For more than 100 years, MCU has provided affordable financial products and convenient services to a membership base that is now comprised of over 600,000 individuals. With each new generation we have the pleasure of interacting with, we maintain the credit union promise of people helping people.

Be New York's most loved financial institution by helping our members build their best financial futures

The Senior Accountant is an integral part of the Accounting team, responsible for maintaining accurate financial records, preparing financial statements, preparing regulatory reporting, performing investment accounting for credit union’s investments, assisting with the financial budget and planning, general ledger account reconciliations, and ensuring compliance with regulatory standards. Reporting to the Manager of Accounting, this is a key role in financial reporting, internal controls, analysis, and process improvement initiatives.

• Participate in the month-end close process, monthly reporting and variance analysis, and quarterly Call Reports.
• Perform reconciliations of bank accounts and general ledger accounts in accordance with MCU policies and procedures and prescribed timelines.
• Review and reconcile suspense accounts and monitor closely for aged items. Work with business partners to ensure items are addressed timely and appropriately in accordance with MCU policies and procedures.
• Maintain fixed asset records and depreciation schedules in accordance with accounting policies. Working knowledge of ASC 842 (Lease Accounting).
• Perform accounting functions including general ledger entries and reconciliations for credit union’s investment portfolio
• Support the monthly Allowance for Credit Losses (ACL) process, as necessary. Working knowledge of ASC 326 (CECL).
• Participate in the budget and forecast planning process by assisting with preparation of information and analyzing income and expense trends.
• Collaborate with cross-functional teams to evaluate the accounting implications of new products and services or other key initiatives. Assist business partners with the research of transaction level data to ensure items are booked timely and properly.
• Participate in the preparation of monthly, quarterly, and annual financial statements in accordance with GAAP.
• Assist in the coordination of financial audits, internal audits, and regulatory examinations, providing documentation and explanations as needed.
• Prepare budget vs. actual performance reports and provide analysis to support strategic decision-making.
• Assist with the month-end close, management reporting and provide audit support for the MCU Foundation.
• Assist in the implementation and maintenance of internal controls to ensure compliance with regulatory requirements and mitigate financial risks.
• Assist with documentation as well as periodic reviews and updates to relevant policies and procedures in collaboration with management.
• Prepare ad-hoc financial reports and analysis to support strategic decision-making.
• Provide all deliverables in accordance with prescribed timelines.
• Perform other related duties as requested and special projects as assigned.

• Bachelor’s degree in finance, Accounting, or a related field; MBA or CPA preferred.
• 5+ years of experience in accounting.
• A minimum of 3 years in an accounting position at a similarly sized or larger bank or credit union is preferred.
• In-depth knowledge…