Investor Accountant

Position Summary

Department Accounting

This position is in our specialized investor accounting series in the accounting department. Under general direction, the staff investor accountant performs routine accounting and financial record-keeping functions while ensuring compliance with Generally Accepted Accounting Principles (GAAP) for the Credit Union.

• Processing Daily transactions including but not limited to:
• Validating/sending/receiving/posting wires
• Validating/depositing/withdrawing funds
• Generating payments
• Posts details of business transactions to subsidiary accounts by journal entry from various source documents.
• Processes transactions for Fin Tech and participation loan pools bought and sold. Record balancing entries, monthly remittance activity, and generate formatted reports.
• Records journal entries for loan purchases and sales, including gains on sale, premiums, discounts. Follow designed processes to generate schedules associated with premiums and discounts and participation pool schedules.
• Effectively communicates with internal personnel and third parties in processing transactions, purchases, sales, etc.
• Reconciles general ledger accounts, bank accounts, reports, and schedules as assigned.
• Follow designed procedures and learn the organizational intent behind the procedures
• Assists with month-end and year-end close processes, audits, and tax reporting.
• All team members must comply with regulatory compliance and assigned training requirements including but not limited to BSA regulations corresponding to their specific job duties. This includes the SAFE Act. Failure to do so may result in disciplinary and other employment related actions.
• Must have a desire to learn and be able to thrive in fast paced, flexible environments that operate in uncertainty and routinely change with market conditions.
• Must be able to work and operate as a member of a team and learn various systems and processes.
• Must be familiar with and have a desire to learn how to work with large data sets using common systems, including but not limited to Excel, Power Query, Power BI, Snowflake, Tableau. Must be able to learn how to understand different custom reports designed for different regulatory, tax, and financial purposes.
• General knowledge of the financial services industry, products, environment, and regulations are beneficial, but need not have been obtained through employment at a financial services entity.
• Must be comfortable asking questions and problem solving
• Performs other duties as assigned.

• None

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

Min/Preferred

Education Level

Description

Minimum

4 Year / Bachelor s Degree

Accounting/Finance OR similar business area of study from a four-year college or university

Minimum Years of Experience

Comments

1

A Minimum of 1-3 years of professional experience in Accounting/Finance

Ability to read and comprehend instructions, short correspondence, and memos. Ability to write simple correspondence. Ability to effectively present information in one-on-one and small group situations to Members and other Team Members at the organization.

Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute dividends and interest.

Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written or oral form.

The physical demands described here are representative of those that must be met by a Team Member to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Must be able to process transactions in an efficient manner. Must be able to communicate policies and procedures to Members in an easily understood and professional manner.

Must comply with all Bank Secrecy Act (BSA) and other Anti-Money Laundering (AML) laws and regulations, as they pertain to federal guidelines and internal policies and procedures.

The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties, skills, or working conditions.