Accounting Representative

Description

Job Title: Accounting Representative

Department: Accounting

Reports to: Accounting Manager

Hours per Week: 38 Hours per week

Pay: $25.71-$27.71

Company Summary

Welcome to Financial Plus Credit Union (FPCU) – 'The Place where it’s Possible.'

At FPCU, we believe in the power of collaboration, embrace inclusivity as a strength, and are driven by a shared commitment to success. Our community-centered approach goes beyond financial services; it's about fostering connections and making a positive impact.

Join us, and be part of an environment that prioritizes wellness, encourages continuous learning, and opens doors to developing you into the person you want to be. Explore the opportunities that await you at FPCU – where you aren’t just making a living, but joining a PLACE where you can REACH your goals.

Position Summary

The Accounting Representative is responsible to prepare and maintain accurate accounting records used for financial reporting and analysis.

The Accounting Representative does not have specific jobs performed on a consistent daily basis. Jobs performed in accounting require the knowledge of all of the accounting team and consist of daily, monthly, quarterly and yearly jobs. These jobs require the knowledge of FASB & GAAP standards, IRS, State and Local regulations, along with intermediate to advanced knowledge of Excel.

Essential Functions & Primary Responsibilities

• Daily balancing of cash, corporate accounts, outstanding corporate checks and multiple general ledger accounts.
• Ensuring timely payment of all Credit Unions Invoices to vendors, this includes maintaining up to date W-9 and ACH origination information on all Vendors.
• Ensuring payments are made timely to dealers for indirect dealer reserve and indirect loan funding.
• Reconcilement of all general ledgers. This includes all assets, liabilities, income and expense.
• Accounting and maintaining the Credit Unions Investment Portfolio.
• Accounting for the Credit Unions Allowance for Loan Loss.
• Accounting for the Credit Unions Fixed Assets and Prepaid Expenses.
• Accounting for transmitting timely Federal and State withholding tax due.
• Accounting and maintaining data for 3rd party servicers for loans and certificates.
• Ensuring all month end adjustments, amortizations and accruals are completed accurately and timely.
• Financial Reporting.
• Timely filing of Federal and State Tax Forms, monthly, quarterly and yearly.
• Balancing of dividends/penalties paid to members for accurate 1099 reporting.
• Filing of 1099 NEC & 1099 MISC forms for vendors that may require them.
• Provide support during audits and examinations.
• Assist with quarterly call reporting.
• Collaborate with other departments to ensure appropriate application of accounting controls and procedures
• Ensures compliance with all federal and state laws and regulations, including the Bank Secrecy Act, Patriot Act, and Office of Foreign Asset Controls, and should request legal interpretation as necessary. Must ensure subordinates are also compliant with such laws and regulations
• Perform other duties as assigned

Requirements

Education & Qualifications

• Associate’s Degree in Accounting or similar related experience is recommended
• 1-2 years of experience
• This position requires an understanding in basic computer skills, intermediate to advanced knowledge of Excel, Microsoft 365, knowledge of FASB and GAAP standards, along with knowledge of Federal, State and Local requirements and report due dates. Knowledge of Credit Union’s and the Credit Union’s core system, Symitar, is preferred.

Skills and Abilities

• Strong attention to detail and accuracy
• Self-motivated, be able to work independently with little direction as well as part of a team.
• Outstanding analytical skills and problem-solving ability
• Presents a positive and professional image to members through effective and courteous verbal and written communications
• Courtesy, tact, and diplomacy are essential elements of the job. Work involves much personal contact with others inside and/or outside the organization for purposes of giving or obtaining information, building relationships, or soliciting cooperation
• Ability to apply logical thinking to define problems, collect data, establish facts, and draw conclusions
• Ability to be mindfully flexible and willing to go with the flow
• Ability to deal with difficult concepts and complex variables

Physical Demands & Work Environment

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Sedentary work; sitting most of the time. Exerts up to 10+ pounds of force occasionally
• The noise level in the work environment is professional and typically moderate

This job Description is not a complete statement of all duties and responsibilities comprising this position.