Senior Accountant

Position Summary:

The Senior Accountant is responsible for continually complying with Generally Accepted Accounting Principles (GAAP) and providing the highest level of quality service to internal customers and for providing team leadership to staff in the areas of financial reporting, reconciliation, audit, and advanced accounting analytics. The incumbent also provides specialized or general analytical support in various accounting functions such as classifications, reconciliations, and other accounting/financial statements, records and reports.

Essential Duties     

• Demonstrates ownership (ensures completeness, accuracy, and timeliness of transactions/journal entries) in facilitating the monthly closing of the accounting books.
• Answers calls and questions from employees regarding general ledger balancing, reconciliations, and budget variance.
• Completes advanced General Ledger (GL) reconciliations.
• Reviews accounting peer/staff reconciliations to facilitate final review by AVP, Accounting Manager. Provides leadership and direction in resolution of reconciling/aged items.
• Researches and resolves problems related to fee income and operating expense variances and fluctuations.
• Reviews monthly budget variance reports by cost center and corrects variances resulting from journal entry errors.
• Assists with regulatory reporting (5300 Call report, Form 990, UBIT reporting, 1099 Filings, 571-L Business Statement reporting and Sales Tax Filings).
• Maintains source documents needed for verification of entries.
• Performs inter-company accounting and/or related account reconciliation and review.
• Prepares and posts all entries for the Credit Union Service Organizations (CUSOs) of Tech CU, and generates all financial reports and analysis.
• Ensures that business licenses renewals and tax filings for CUSOs are done in a timely manner.
• Prepares monthly, quarterly, and annual financial and consolidation reports, Board report schedules and other related reporting functions.
• Updates and/or reviews the variances in the monthly Interest Income and Expense variance report.
• Designs and maintains databases and reports including statistical trends and financial reporting.
• Backs up AVP, Accounting Manager in reviewing and releasing journal entries and accounts payable invoices.
• Assists with the annual budget preparation process (certain operating expenses, capital expenditure and related depreciation projections, and validation of assigned cost centers).
• Assists with preparation of “Audit/Examination” schedules and requests for information. Acts as point of contact for audit and examination principals.
• Oversees the accounting of deferred loan origination fees/costs in accordance with ASC 310-20 (FAS 91). Oversight of indirect lending related GL activities.
• Calculates, analyzes and validates Allowances for Loan and Lease Losses and test for reasonableness.
• Completes periodic and special regulatory reporting and compliance (i.e. Call report and exam schedules).
• Reviews the daily and monthly investment accounting related journal entries including purchases, sales/maturities/calls, accrued investment income and securitizations. Validates investment report information and reconciles related GLs.
• Reviews completeness and accuracy of 571L statement reporting.
• Reviews and studies Financial Accounting Standards Board (FASB) pronouncements; shares resulting information with management.
• Sets up new GL accounts and GL system users.
• Conducts special accounting studies, analyses, and cost studies.
• Reviews and streamlines various accounting processes.
• Develops and updates desk procedures for delegated Accounting functions.
• Participates in the development, implementation and testing of new or redesigned systems, reports and procedures to ensure efficient business operations. 
• Assists in special projects as assigned by AVP, Accounting Manager.
• Performs other tasks as assigned from time to time.

Work Schedule

• Full-time; typically 40 hours/week
• Flexible within core business hours, M-F
• Flexibility to occasionally work early or late hours, and extended weekend hours, typically with advance notice

Workplace Essentials                                           

• Supports Tech CU’s Mission and Vision and consistently demonstrates Tech CU’s Values (Accelerate, Collaborate, Innovate, & Cultivate).
• Meets with manager on a regular basis to discuss goal alignment, performance metrics, and development plans.
• Complies with Tech CU policies and procedures.
• Upholds employee Code of Conduct and Business Ethics and ensures confidentiality of the workplace.
• Complies with requirements imposed by federal, state and local regulatory agencies.
• Adheres to internal control and security measures designed to ensure regulatory compliance and mitigate losses and errors.

Education:  B.S. or B.A. degree in Finance/Accounting.

Experience:  8+ years' Accounting experience in a financial institution(s).  Experience with Symitar, Epicor GL, Monarch, Crystal Reports, or other reporting program considered a plus.

Knowledge/Skills/Abilities: 

Working knowledge:

• Generally Accepted Accounting Principles (GAAP).
• Accounts Payable, Prepaids and Fixed Assets processes.
• Cash management, expenditure, and disbursement processes.
• Fixed Income Securities accounting.
• Impaired loan/assets accounting.

Additional Knowledge/Skills/Abilities:

• Advanced database management skills and ability to compile and gather statistical data to produce financial reports and trend analysis.
• Advanced ability to analyze data and perform research appropriate to assigned tasks.
• Ability to works independently, within assigned responsibilities, to make appropriate and consistent decisions for issues at that level.
• Advanced ability to make suggestions which have potential to improve efficiency of assigned work.
• Advanced knowledge of Internet software for research purposes.
• Advanced proficiency with Microsoft Office applications, including Word, Excel, Outlook and MS Access.
• Self-starter with highly effective organizational and time management skills.
• Knowledge of Tech CU’s accounting systems and internal accounting controls is preferred.

Licensing/Certification:   None required.

Travel:  May be required to occasionally attend offsite training, meetings or events, typically with advance notice.  Overnight travel unlikely.

Typical Working Conditions: Office environment with employee interaction throughout the day. May work remotely as determined by business need and individual performance.

Equipment Used: Routinely uses standard office equipment, including computer, phone, copier and other devices.

Physical Requirements:

• Ability to sit 85% of the day.
• Reading a computer screen and perform keyboarding tasks for up to 90% of the day.

EQUAL EMPLOYMENT OPPORTUNITY

Technology Credit Union is an Equal Opportunity Employer. All qualified employees and applicants receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetic information, age, disability, veteran status or any other legally protected basis. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

PAY AND BENEFITS

This is a grade 106 position, with a salary range from $93,600 to $130,400 with bonus potential of 10%. The anticipated range for new hires is between the low-end and midpoint of the range, depending on experience. Tech CU is a pay-for performance organization that benchmarks base pay to the 50^th percentile of our market and we provide incentive-based compensation aligned with successful accomplishment of individual and corporate goals. The salary mentioned above is based on working in San Jose, CA. Salaries are based on the geographic location in which you live if working remotely.

Additionally, Tech CU provides health care benefits, life and disability insurance, 12 paid holidays and 401k with a company match; along with employee paid voluntary benefits. 7.08 Paid Time Off (PTO) hours accrue per bi-weekly paycheck (23 days per year) and will increase with length of service. Eight hours of Voluntary Time Off (VTO) are granted to full time employees annually to dedicate time to charitable organizations. Leaves of absences are available in adherence with state and federal regulations.