Accountant

Job DescriptionJob Description

GENERAL SUMMARY

This position requires the candidate selected to work at our op center located in El Segundo CA for the first (90) days. This position is responsible for leading the accounting department team members and accounting processes. The position primarily oversees the accounting processes related to the organization's lending portfolio, including accounting for loan originations and participations, interest income, accruals, and other loan-related transactions. As we operate in a collaborative environment, this position may also be involved with other areas of responsibilities such as Investments, Payroll, Fixed Assets, Prepaids, Leases, Bank Reconciliations, Wealth Management, and Teller Cash activities. In addition, this position is responsible for maintaining and analyzing general ledger accounts, and various special projects.

NATURE AND SCOPE OF POSITION

This position involves leading a team of accounting team members and overseeing deliverables to ensure timely and accurate accounting. This position performs with minimal amount of direction and is authorized to take reasonable actions necessary to carry out the assigned responsibilities of the position, provided that such action is consistent with cost-effective practices and is consistent with the policy and procedures of Kinecta Federal Credit Union in general.

SUPERVISORY RESPONSIBILITIES

This position reports to the Accounting Manager and does not have any direct reports. However, Accounting Lead is responsible for leading a team of accounting team members, providing guidance, mentorship, and support to maximize their potential. Foster a collaborative and high-performing environment within the organization.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Lead the team members in ensuring accurate and timely accounting and reporting of assigned accounting areas which include but is not limited to reporting for loan originations, payoffs, interest income, related accruals and loan participations.
• Review and approve journal entries, assigned general ledger reconciliations, and schedules completed for various reporting deliverables.
• Proactively ensure reconciling items in the general ledger accounts are cleared in a timely manner.
• Drive process improvement by analyzing existing department functions and systems to determine more efficient methods of job execution.
• Experience working with large ERP/accounting systems, understanding upstream/downstream impacts including identifying data gaps, control issues, and automation opportunities.
• Coordinate and oversee assigned components of the month-end close process to ensure deadlines and quality standards are met.
• Provide guidance, along with coaching and training to team members.
• Ensure proper cross-training and updated documentation of desk procedures.
• Assist in audits including internal, external, and regulatory.
• Support strategic and departmental initiatives.

NON-ESSENTIAL DUTIES AND RESPONSIBILITIES

Performs other duties including special projects as assigned.

MINIMUM QUALIFICATIONS

Knowledge, Skills and Abilities:

• Strong knowledge of generally accepted accounting principles.
• Strong analytical, organizational, and problem-solving skills including research skills regarding current and prospective updates to accounting requirements to determine impact on accounting practices.
• Excellent oral and written communication skills. Comfortable explaining complex concepts to stakeholders.
• High level of systems aptitude with ability to understand end-to-end data flows and system dependencies.
• Ability to interact with staff, members, and others encountered in the course of work with tact and diplomacy.
• Ability to learn and apply new information or skills.
• Excellent team player who can build and leverage working relationships.
• Ability to perform highly detailed work on multiple, concurrent tasks.
• Ability to read and interpret financial and statistical data, information, and documents.
• Ability to work under pressure and to adjust plans to meet changing needs and requirements.

Education, Training and Experience:

Potential candidates for this position must meet the following requirements:

• Bachelor's degree in accounting, Finance, or related field.
• Minimum 5 - 7 years related experience including experience in accounting and leading teams.
• Experience in a financial institution preferred.
• Experience working with core banking systems or large ERP/accounting systems.
• Experience with account reconciliations and analysis, journal entry preparation, month- end close, process improvements.
• Must have strong time management skills with ability to prioritize and work on multiple projects and deadlines and deliver high-quality results.

One year of relevant professional-level work experience may be substituted for one year of required education.

WORKING CONDITIONS

• The working environment is generally favorable. Lighting and temperature are adequate, and there are no hazardous or unpleasant conditions caused by noise, dust, etc.
• The job may require flexibility with regards to scheduling days, hours, and work location, depending on business needs.
• The job is typically sedentary but may require standing and walking up to 35% of the work time to transfer files, ask questions, and related activities.

PHYSICAL ABILITIES, MENTAL DEMANDS, AND WORK ENVIRONMENT

Must be able to exercise sound judgment, effectively plan and be well organized, have excellent oral and written communications skills, work well under changing timelines, take the initiative and be flexible and cooperative. Accuracy, timeliness and maintaining confidentiality related to member, employee information and company records is required. While performing the job duties of this position, the employee is regularly required to sit; talk or hear in person and by telephone; use hands to operate standard office equipment; reach with hands and arms; lift minimum 10 lbs. The employee is frequently required to walk and stand. Vision abilities required by this job include close vision and the ability to adjust focus to read and operate office equipment, as necessary. The employee works under typical office conditions and noise levels.

Disclaimer:

The above information on this description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job. Company DescriptionKinecta Federal Credit Union is one of the nation's leading Credit Unions, with more than $4 billion in assets and serving over 285,000 member-owners across the country. From the beginning, we have helped our members fulfill their dreams. In 1940, Hughes Aircraft Employees Federal Credit Union was an idea born from a simple inconvenience: employees of the Hughes Aircraft Company were spending too much lunchtime driving downtown to handle their finances. So why not start a credit union, right there at the plant? "I went to Mr. Hughes' office in Hollywood and talked to his secretary Nadine. I gave her all the facts and Mr. Hughes said, 'Sure. Start the Credit Union. Just keep my name clean. I don't want anything funny going on.' I said, you can be sure of that. And Hughes Credit Union was born." - Lou Merandi, Credit Union Founder & Hughes Aircraft Chief Tool Designer, 1937-1981 In October 1940 a United States government charter was issued to establish the Credit Union. Each of the 12 founders deposited $5 to make the Credit Union's total assets $60. Membership cost 25 cents and the maximum loan amount was $200. We launched our name change to Kinecta Federal Credit Union in July 2001, after serving our members proudly as Hughes Aircraft Employees Federal Credit Union for more than 60 years. As we continue to expand our position as a leader in the financial services industry our Kinecta name and logo represent our continued commitment to delivering unequalled value to the members-owners of Kinecta Federal Credit Union.

Our promise:

Every aspect of our organization, from our employees, to our communications, to our products and services, sets standards of excellence by remembering that our business is serving our members. And we're committed to doing that better than anybody.

Company DescriptionKinecta Federal Credit Union is one of the nation's leading Credit Unions, with more than $4 billion in assets and serving over 285,000 member-owners across the country.\r\n\r\nFrom the beginning, we have helped our members fulfill their dreams. In 1940, Hughes Aircraft Employees Federal Credit Union was an idea born from a simple inconvenience: employees of the Hughes Aircraft Company were spending too much lunchtime driving downtown to handle their finances. So why not start a credit union, right there at the plant? \r\n\r\n"I went to Mr. Hughes' office in Hollywood and talked to his secretary Nadine. I gave her all the facts and Mr. Hughes said, 'Sure. Start the Credit Union. Just keep my name clean. I don't want anything funny going on.' I said, you can be sure of that. And Hughes Credit Union was born." \r\n- Lou Merandi, Credit Union Founder & Hughes Aircraft Chief Tool Designer, 1937-1981\r\n\r\nIn October 1940 a United States government charter was issued to establish the Credit Union. Each of the 12 founders deposited $5 to make the Credit Union's total assets $60. Membership cost 25 cents and the maximum loan amount was $200. We launched our name change to Kinecta Federal Credit Union in July 2001, after serving our members proudly as Hughes Aircraft Employees Federal Credit Union for more than 60 years. \r\n\r\nAs we continue to expand our position as a leader in the financial services industry our Kinecta name and logo represent our continued commitment to delivering unequalled value to the members-owners of Kinecta Federal Credit Union.

Our promise:

Every aspect of our organization, from our employees, to our communications, to our products and services, sets standards of excellence by remembering that our business is serving our members. And we're committed to doing that better than anybody.