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Ascentra Credit Union · 2 days ago

Controller

Bettendorf, IA

Full-time

Onsite

Senior Level

$87K/yr - $119K/yr

5+ years exp

Ascentra Credit Union is seeking a Controller who will serve as a key financial leader responsible for the accuracy and strategic use of financial information. The role involves leading accounting operations, ensuring compliance with regulatory and GAAP requirements, and providing insights to support executive leadership and long-term financial health.

Financial Services

Responsibilities

Prepare the monthly internal and external financial statements and ensure they are in accordance with Generally Accepted Accounting Principles (GAAP) and regulatory requirements

Establish and maintain systems and controls that verify the integrity of all systems, processes, and data to preserve the credit union’s assets and report accurate financial results

Complete all quarterly regulatory call reports

Coordinate and assist with the annual budgeting process

Balance the credit union’s secondary market loan portfolio including, but not limited to, timely monthly reporting and annual audit verifications of trustee accounts held at the credit union for the transfer of funds to the investor

Complete and report loan and share loss reserve calculations

Actively participate as a member of the Asset Liability Committee (ALCO)

Assist the Chief Financial Officer (CFO) with:

A. Preparation of the board reports, Asset Liability (ALCO) reports, and ALM data files

B. Preparation of aspects of the credit union’s external financial audits and the National Credit Union Association (NCUA) and Iowa Credit Union Division exams

C. Review and approval of accounts payable invoices, including the review of invoices for applicable sales tax

D. Monitoring cash balances and liquidity forecasts to provide both long-and short-term cash management

Monitor the correspondent bank account activity on a daily basis and report daily cash position. Perform and/or request wire transfers between correspondent bank accounts, as needed

Complete bi-weekly payroll-related postings to the general ledger and related reconciliations

Oversee the credit union’s fixed assets and prepaid assets records

File the monthly and quarterly borrowing base certificates with the Federal Home Loan Bank of Des Moines; ensuring data is accurate and appropriate for collateral submissions

Supervise financial activities of the credit union’s monthly accruals, obtain documentation for payments, and reconcile accrual accounts monthly. Identify and report any irregularities to the CFO

Record and monitor the investment transactions of the credit union, including purchases, sales, income, and market valuation transactions

Ensure assigned general ledger accounts are reconciled, with the appropriate documentation, and on a timely basis. Proper documentation is defined as something unrelated to the general ledger that proves the balance within the general ledger. The substantiation of balances is essential to the audit program and fair representation of the organization’s financial statements

Actively and thoughtfully communicate with their supervisor, planning their goals and development, taking accountability for their actions, and striving for excellence

Responsible for hiring, communicating expectations, defining goals, coaching, and developing, recognizing success, and evaluating performance and behavior of their direct reports

Promote products and services

Attend all meetings as required

Maintain clean and professional work area and appearance

Maintain positive public relations and promote credit union within the community

Complete educational programs as required

Perform the following commitments of service to each and every member at all times:

A. Make a good first impression, be dressed professionally and greet people with a smile and a firm handshake

B. Keep a smile in my voice as well as on my face

C. Answer the telephone by the third ring

D. Call people by name and thank them

E. Give people my full and undivided attention; focus on the person face to face and on the telephone

F. Take responsibility for solving the individual's problem instead of referring it to someone else

G. Deliver on commitments of action(s) to be taken, so excuses won't be necessary

H. Follow through on necessary action(s) to be sure the problem is solved

I. Know that what's important is not only who or what created the problem but how the problem can be corrected

J. Protect confidential information

K. Other duties as assigned

Qualification

Bachelor’s degree in accountingCertified Public Accounting (C.P.A)Financial Accounting Standards Board (FASB)Generally Accepted Accounting Principles (GAAP)Five to eight years experienceCredit union operationsAnalytical skillsComputer knowledgeCommunication skillsOrganizational skillsPerform under pressureTeam playerDecision making skills