Financial Services Senior Accountant

Chevron Federal Credit Union is one of the top-run credit unions in the country – and one of the largest, with $5 billion in assets. Yet our corporate culture is not stuffy: the Team Spirit Committee runs fun activities and charitable events throughout the year, and work-life balance, mutual respect, diversity, and providing a voice for every employee are all important to us. As you might imagine, we provide competitive pay and great benefits, including:

• 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

GENERAL SUMMARY

The Financial Services Senior Accountant will apply principles of accounting to balance all Credit Union daily cash flows with third parties and utilize internal and external settlement systems and data to prepare and complete settlement schedules. Having had years of experience in an accounting department’s month-end close processes, able to slide easily into the position. Strong ability to implement process automation through Excel, Power BI and SQL are required. The ideal candidate will possess exceptional critical thinking skills with a strong focus on continuous improvement. The role requires strong problem-solving abilities and a strong Excel skillset. The ideal candidate will work under limited supervision and in compliance with established policies, procedures, vendor agreements, and regulations.

POSITION DUTIES & FUNCTIONS

ATM Deposit Reconciliations

• Prepares daily reconciliations of ATM Network Settlement.
• Prepares daily reconciliations of ATM Foreign Network Settlement.
• Prepares daily reconciliations of Fiserv Network Settlement.
• Researches differences and posts adjustments/corrections in a timely manner (as prescribed by network rules) to minimize member inconvenience and risk to the Credit Union.

Branch Deposit Reconciliation

• Prepares daily deposit reconciliations for all Credit Union channels.
  • Branch
  • Mobile (both phone and scanner)
  • ATM
  • Other channels as introduced by the Credit Union
• Advises branches of deposit adjustments as needed, ensuring they have all information required to post to the appropriate member account.

Financial Analysis

• Creates Accounting group month-end calendar preparation and monitors/updates all groups regarding monthly close status on a daily basis during month-end close.
• Compiles and analyzes financial information to prepare entries to general ledger accounts, such as loan, share, and investment transactions.
• Conducts research and analysis to develop financial data for inclusion in various reports, as necessary.
• Prepares monthly Dividend Testing spreadsheet to ensure share dividends adhere to policy.
• Prepares complex general ledger entries from provided source documentation as required during month-end processing.
• Analyzes and enters accruals monthly and true ups quarterly and recommends adjustments as needed.

Shared Branch Reconciliation

• Prepares daily Shared Branch reconciliations.
• Researches differences and posts adjustments/corrections in a timely manner.

Reviews reports and post adjustments to clear outstanding items daily

• GL Exceptions
• Teller Exchange
• GL Variance
• Share and loan to GL Balancing

Backup Role Duties

• 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
• Compiles financial information and prepares some or all of the following, as directed:
  • Daily Position
  • Internal Account Wire Transfers
  • Other ad hoc reports
• Prepares monthly Dividend Testing spreadsheet to ensure share dividends adhere to policy
• Prepares monthly Capital Budget Worksheet and distributes
• Vendor Management in Concur AP Portal
• Reviews journal entries for completeness and accuracy

Other

• Other duties as assigned
• Prepares bank draw downs and wire transfers of CFCU funds
• Processes GL clearing forms received from branches/departments
• Processes daily journal entries as assigned