About the Role
The Manager, Accounting serves as a functional leader, overseeing the financial reporting and regulatory compliance of the credit union. This role is accountable for managing financial and regulatory reporting, internal controls, technical accounting, and ensuring adherence to regulatory standards. This position plays a critical leadership role ensuring a high performing team that is continually maximizing efficiency with a positive impact on the financial health of the credit union while providing excellent service to its stakeholders.
Responsibilities
- Direct and maintain accountability for the month-end close process, monthly reporting and variance analysis, quarterly Call Reports, and general ledger account reconciliation reviews.
- Maintain internal financial records, generate reports, ensure compliance with laws and regulations, tax returns, support the planning process as it pertains to non-interest income and expense (NIIE), general ledger maintenance, monthly book close, and GL account reconciliation reviews.
- Establish and maintain accounting policies, procedures, and accounting memos.
- Manage the monthly Allowance for Credit Losses (ACL) process ensuring compliance with GAAP and expert knowledge of ASC 326 (CECL).
- Supervise the maintenance of fixed asset records, depreciation schedules, and lease accounting records in accordance with accounting policies, with expert knowledge of ASC 842 (Lease Accounting).
- Provide accounting leadership and decision-support for strategic initiatives, including new products and services.
- Prepare and analyze monthly, quarterly, and annual financial statements in accordance with GAAP.
- Present financial reports to senior management highlighting key financial metrics and trends.
- Own the accounting control framework and ensure the effectiveness of internal controls to safeguard assets and ensure compliance with regulatory requirements in collaboration with Risk, Legal, and Compliance.
- Conduct regular reviews of financial processes and procedures to identify areas for improvement and mitigate risks.
- Develop and maintain accounting policies and procedures, staying abreast of changes in accounting standards and regulatory guidelines, and implementing necessary adjustments.
- Serve as the Accounting department leader and point of contact for financial audits, internal audits, and regulatory examinations, providing documentation and explanations.
- Lead the development and execution of corrective action plans and process improvements resulting from audit findings, regulatory examinations, and control assessments.
- Serve as a subject matter expert on all accounting software tools used by the Accounting department (ProfitStars, Prologue, nCino, Concur, LeaseQuery, Fed Reporter, Symitar and related modules).
- Oversee the month-end close, management reporting, and provide audit support for the MCU Foundation.
- Review and ensure the application of appropriate internal controls, compliance, and financial procedures.
- Monitor key financial metrics and performance indicators, analyzing trends and identifying areas for improvement or risk mitigation.
- Provide all deliverables in accordance with prescribed timelines.
- Assist with projects, working collaboratively with other departments and meeting all deadlines.
- Perform other related duties as requested and special projects as assigned.
Requirements
- Bachelor's degree in Finance, Accounting, or a related field required; MBA or CPA with a ‘Big Four’ or public accounting experience strongly preferred.
- 10+ years of progressive accounting experience, with a minimum of 4 years in an accounting leadership (manager or higher) position at a similarly sized bank or credit union.
- In-depth knowledge of GAAP, regulatory compliance, and financial reporting requirements for financial institutions.
- Excellent analytical skills and attention to detail, with the ability to analyze complex financial data and draw actionable insights.
- Proven leadership abilities, with experience managing teams and driving results in a collaborative environment.
- Exceptional communication and interpersonal skills, with the ability to articulate accounting concepts to diverse audiences and influence decision-making processes.
- Strategic mindset and forward-thinking approach, with the ability to anticipate challenges and develop proactive solutions.
- Proficiency in financial software and Microsoft Excel; experience with banking systems such as Symitar core banking platforms is a plus.
- Demonstrated success in planning, organizing, leading people and activities.
- Ability to motivate, direct, and coach staff.
- Ability to perform in a high-volume environment and meet deadlines while maintaining exceptional attention to detail.
- Technologically proficient.
- Proven ability to manage change.
- Capacity to take calculated risks and innovate.
- Experience in setting vision and strategy.
- Lead by example and encourage team in developing adaptability.
- Successful in communicating effectively.
- Prioritizes developing others.
- Thinking that values diversity and difference.
- Proven ability to build and maintain relationships at all levels of the organization.
- Skilled at managing effective teams and work groups that default to action, are accountable, and take ownership of work.
Skills
- GAAP
- ASC 326 (CECL)
- ASC 842 (Lease Accounting)
- Financial reporting
- Regulatory compliance
- Internal controls
- Technical accounting
- Financial analysis
- Leadership
- Team management
- Communication
- Interpersonal skills
- Strategic thinking
- Microsoft Excel
- Financial software
- Banking systems (Symitar core banking platforms)
- Planning
- Organizing
- Motivating
- Coaching
- Change management
- Risk management
- Innovation
- Vision setting
- Adaptability
- Relationship building
Location
- New York
Work Type
- Full-time
Experience Level
- Manager or higher
- 10+ years of progressive accounting experience
- 4+ years in an accounting leadership position
Education Level
- Bachelor's degree in Finance, Accounting, or a related field
- MBA or CPA preferred
Salary/Compensations
- $148,300-185,000 annually
Benefits
- Discretionary bonus
- 401(k) with an 6% employer match per pay period
- Medical insurance
- Vision insurance
- Dental insurance
- Life insurance
- Disability insurance
- Flexible paid time off
- 11 paid holidays annually
About the Company
- At Municipal Credit Union, we believe that an incredible culture helps create a happy and motivated team that works hard to achieve the best results for themselves and their members.
- For more than 100 years, MCU has provided affordable financial products and convenient services to a membership base that is now comprised of over 600,000 individuals.
- With each new generation we have the pleasure of interacting with, we maintain the credit union promise of people helping people.
- Our Mission: To help hard-working New Yorkers build better tomorrows.
- Our Vision: Be New York's most loved financial institution by helping our members build their best financial futures.
Equal Opportunity
- Municipal Credit Union (MCU) is an Equal Opportunity Employer.
- Municipal Credit Union provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by applicable federal, state or local laws.
- We are committed to hiring, training, cultivating, promoting, and celebrating an environment where we have a welcoming and fulfilling place for all people to call home.
- Diversity of race, thought, sexual orientation, age, veteran status, religion, and disability will empower us to thrive as individuals, as teams, and as an organization.
