Regulatory Reporting - Financial Specialist

SUMMARY

The Financial Specialist is responsible for regulatory reporting and will produce and submit multiple regulatory filings in compliance with credit union legal and regulatory requirements, the organization’s policies and procedures, and accepted accounting principles.  The position will assist in the preparation of budgets for the credit union and credit union’s subsidiaries and prepare the quarterly NCUA Call report.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following.  In addition, other duties may be requested/assigned.

Prepares and oversees the quarterly NCUA Call Report and Profile, which is used to monitor the financial condition and performance of the credit union. 

Oversees and prepares the annual Form 945 tax withholding to be submitted to the IRS, in addition to providing the actual daily withholdings to be sent to the IRS within the required timeline. 

Analyzes, researches and consults on complex reporting issues and responds to ad-hoc requests for reports and variance information.

Accurately prepares quarterly tax withholding remittances for various states and resolves issues and problems timely. 

Coordinates data required for income tax preparation for the CUSOs by working with key stakeholders to ensure information is obtained timely. 

Prepare and oversee the annual CUSO registry requirements.  Report and resolve any issues or challenges within the required timeline. 

Oversee and track all property tax payments and prepare property tax renditions.  

Analyzes and produces variance analysis to understand actuals to budget and trend analysis for the Credit Union and CUSOs. Provide feedback and recommendations as needed.

Oversees and completes Federal Home Loan Bank and Federal Reserve reporting requirements within the required timelines 

Manages and maintains the Lease database, ensuring new leases and existing lease amendments are entered and maintained.  Provide process improvement suggestions or recommendations as needed. 

Manages, evaluates and maintains investment broker requirements, including background checks and approvals.  Present any challenging findings to finance leadership.

Manages and reconciles the Modern Examination & Risk Identification Tool (MERIT).

Assists in the preparation of the annual budget and capital planning process; includes preparation of various ad-hoc reports to provide insight into the budget.

Monitors changes in financial and regulatory reporting requirements in the financial services industry and provides feedback and recommendations to finance leadership.

Reviews complex financial accounting work processes, systems, and procedures for efficient workflow and conformity with accounting principles. Develops procedures relating to areas of responsibility.

Performs special assignments requested by the AVP-Finance 

Maintains an understanding and competency with respect to software and other systems required to perform the duties of the position. 

This position must be flexible to work hours to achieve monthly deadlines, which may occasionally require evening and weekends hours (as needed) in the month.

EDUCATION and/or EXPERIENCE

Bachelor's degree (B.S.) from four-year College or university in either Finance or Accounting.

Two years of experience in a Finance position, including experience in regulatory reporting, month-end reporting, budgeting, and financial analysis.

A minimum of three years’ experience using Excel; including pivot tables, graphs and charts.

Must be willing to occasionally work a flexible work schedule to meet important deadlines.

OTHER KNOWLEDGE, SKILLS AND ABILITIES

Demonstrated experience using financial reporting software and tools as well as budget software to include but not limited to Prophix Budget Software, and Microsoft Great Plains and Management Reporter.

Strong analytical and problem–solving skills. Advanced aptitude in problem solving, including the ability to logically structure an appropriate analytical framework.

Demonstrated experience building financial models.

Excellent organizational skills and attention to detail.

Adaptability and flexibility in use of analytical approaches pertaining to financial issues.

Thorough understanding of generally accepted auditing standards.

Thorough understanding of generally accepted accounting principles (GAAP).

Working knowledge of computer equipment and software required, including Microsoft Office Suite. 

An understanding of state and federal laws.

Fosters a positive culture throughout the organization. Promotes respect and harmonious relations among accounting staff and with departments throughout the organization.

Ensures positive relationships with the branches, internal departments and external partners. Maintains a positive and caring atmosphere for members and employees consistent with the Credit Union's mission and philosophy.

This position may require flexible work hours during the month end, which may include evenings and weekends during the month.