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The Summit Federal Credit Union · 3 hours ago

Vice President, Accounting and Finance

Rochester, New York Metropolitan Area

Full-time

Onsite

Senior Level, Lead/Staff

10+ years exp

The Summit Federal Credit Union is seeking a Vice President of Accounting and Finance to lead and oversee the accounting and finance operations. The role includes ensuring compliance with accounting principles, managing financial reporting, and maintaining internal controls, while also participating in strategic financial decision-making.

Credit BureauFinancial ServicesNon Profit

Hiring Manager

Mark Dupont

Responsibilities

Ensure that reports, accounts, systems, policies, and procedures adhere to generally accepted accounting principles (GAAP) and industry best practices

Responsible for the accuracy of all financial reporting, including the annual audited financial statements and quarterly call reports

Oversee the daily balance sheet and daily cash management report to ensure the credit union is compliant with its established liquidity and concentration limit guidelines

Responsible for running and maintaining the accuracy of the Current Expected Credit Losses (CECL) model. This entails reconciling the model data to the core data, file validation, recording the monthly estimate for the allowance for credit loss, analyzing variances and preparing reports for management

Responsible for the Asset Liability Management (ALM) model, including testing of assumptions, data accuracy and production of reports for management and the Board of Directors. Provide technical expertise, analytics, and actionable recommendations as a key leader of ALM Committee

Participate in all Retirement Plan Committee meetings as the primary Accounting liaison for the Pension Committee

Participate in all Investment Committee meetings as a member of the committee with full investment authority according to the Investment Policy approved by the Board of Directors

Oversee and manage the accounts payable function for the Credit Union in compliance with the Credit Union’s Purchasing Policy. Maintain a current inventory of contracts and pricing information for all the vendors in accordance with the credit union’s vendor management procedures. Supervise the timely payments of vendor invoices, employees/volunteer vouchers, and payments related to the indirect lending program

Responsible for conducting reviews of new and ongoing vendor management for contracts related to the Accounting functions. Analyze the obligations and liabilities to ensure the credit union is protected

Lead the preparation for the annual CPA audit and act as the main management liaison for the CPA audit. Complete the required disclosures for the annual financial footnotes

Provide leadership for the preparation of the annual budget with the CFO and Accounting staff

Attend monthly Board Meetings as requested by the CFO or CEO

Maintain an awareness of laws and regulations that impact accounting, internal audit, risk management and compliance by attending conferences/seminars and reading trade publications

Establish and maintain networking relationships throughout the community through involvement and participation in business, social, community and/or political committees, Boards or other activities

Provide a positive example to all areas in the credit union through his/her interactions with others

Participate in special assignments, projects and committees as requested by the Chief Financial Officer

Qualification

CPA certificationFinancial managementAccounting principlesAnalytical skillsLeadership skillsOrganizational skillsMicrosoft Office SuiteBanking softwareCommunication skillsDecision makingAttention to detail