Finance Manager

Company: Strata Federal Credit Union
Location: Bakersfield
Posted on: May 22, 2023

Job Description:

SUMMARY: Responsible for the supervision and management of the Finance/Backoffice Departments including direction, coordination and development of the general accounting and Backoffice functions. Ensures the accurate preparation of financial statements and reports. Provides development, direction and guidance to Finance and Backoffice Department staff to ensure a high level of accuracy and audit compliance. Coordinates and communicates accounting requirements with operational responsibilities. Requires comprehensive knowledge of credit union policies. Responsible for the completion of Finance and Backoffice Department procedures and support of credit union policies. Provides support to Chief Financial Officer and Senior Management as needed.REPORTS TO: Chief Financial OfficerDEPARTMENT: Finance/Backoffice _Essential Duties and Responsibilities:1. Manage the Finance Department. Establish minimum expectations of personnel, coordinate workflows within the department based on the overall needs of the credit union, manage internal and external communication channels, and affect overall problem resolution. Understand and communicate credit union policies to staff and direct staff in the development of procedures.2. Ensure that staff members are trained to handle all situations within the department. Monitor work schedules and provide continual cross-training to ensure back up for all department functions. Responsible for the effective communication and coordination of finance/backoffice department activities with all internal and external customers. Responsible for employee counseling, performance evaluations, training, motivation and discipline of employees within the Finance/Backoffice Department.3. Ensure that credit union polices, procedures, laws and regulations are adhered to by the credit union. Develop and effect the completion and adherence of procedures and practices. Assist senior management in the development of credit union policies.4. Oversee Accounting Function and the General Ledger. Responsible for the daily balancing of general ledger accounts and subsidiary accounts. Ensure the proper controls are in place to comply with generally accepted accounting principals (GAAP), the National Credit Union Administration (NCUA), and all applicable laws and regulations. Responsible for the accurate interpretation of tax liabilities and Strata Credit Union compliance with applicable tax laws.5. Responsible for the daily management of all cash accounts. Effectively communicates liquidity needs and alternative sources to Senior Management.6. Ensure financial statements and reports are completed in a timely and accurate manner.7. Assist staff in the research and resolution of monetary adjustments. Maintain credit and debit card sub-ledgers, researching and clearing outstanding items.8. Manage the ATM and ACH back-office functions. Ensure compliance with NACHA rules and regulations, and all applicable laws and regulations. Ensure the balancing and posting of daily CUDL activity.9. Manage the back-office Share Draft Function. Ensure staff resolves share draft issues, including the exception report, share draft clearing differences, payroll posting differences and balance specified general ledger accounts.10. Manage the Accounts Payable Function. Ensure all disbursements meet the minimum expectations of financial controls and liquidity management.11. Complete mandatory BSA training annually.12. Manage the Payroll function. Responsible for the collection of time sheets, payroll taxes, paid time-off accruals and the accurate and timely processing of payroll.13. Provide assistance to Chief Financial Officer and senior management in the management of daily operations, and support the credit union's strategic objectives.Secondary Duties and Responsibilities:14. Perform other duties as assigned by senior management.EDUCATION AND EXPERIENCE:Requires a Bachelor's Degree in Accounting or related financial field and two to five years finance experience acting in a supervisory capacity. Requires ability to responsibly supervise staff and the ability to work effectively with all levels of management. Knowledgeable in the use of Microsoft Word & Excel and basic computer programs. Strong organizational, analytical and communication skills are required.PHYSICAL DEMANDSThe physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.While performing the duties of this job, the employee is regularly required to see, talk, hear and use standard office equipment such as computer/keyboard and phone.TRAVELTravel is primarily local during the business day, although some out-of-the-area and overnight travel may be expected.Revised 08/2021

Keywords: Strata Federal Credit Union, Bakersfield , Finance Manager, Executive , Bakersfield, California