Director of Accounting

Ocean State Credit Union is looking for a Director of Finance to oversee and direct the activities of the accounting department and staff. Ensure that reports, accounts, systems, policies, and practices adhere to generally accepted accounting principles (GAAP). Establish, coordinate, and maintain an accounting system that properly reflects the financial position of the credit union. Provide financial consolidation of branches.

Schedule: Monday thru Friday 8:00am to 4:30pm - On Site

Performs any functions necessary, within scope of authority and expertise, to provide the highest level of service and responsiveness to members. Primary duties include:

• Oversee and manage the financial, accounting, and bookkeeping functions of the credit union to include AP, AR, budgets, collections, GL, investments, financial assessment, financial reporting and recordkeeping, payroll, and taxes.
• Develop, implement, and evaluate policies and procedures for the accounting department. Ensure that policies and procedures reflect current regulations and that the accounting procedures are in strict compliance with generally accepted accounting principles (GAAP).
• Monitor cost control activities. Approve and implement cost control strategies on an as needed basis.
• Responsible for financial reporting, financial analyses, cash management, and forecasting reports on monthly, quarterly, and annual basis to senior management and the Board of Directors.
• Prepare and review credit union finance projections and manage credit union investment accounting activities.
• Responsible for preparation of budgets and periodic examination of budget variance.
• Participate in identifying deposit and loan rates.
• Hold periodic staff meetings. Identify areas for improvement, changes in procedures, new developments, or changes in services. Keep staff up to date on trends and general credit union information.
• Assist with lease negotiation and major purchasing decisions for capital equipment or other capital asset expenditures.
• Serve as the credit union’s liaison with regulator agency examiners and auditors.

Performs related and unrelated duties as may be required.

Bachelor’s degree in Finance or Accounting. Five to seven years of related, progressively responsible accounting and managerial experience. Strong managerial, analytical, problem solving, and planning skills. Understanding of GAAP. Technologically proficient. Good written and oral communications skills. Proven technical ability.

Establishes own work plan and performs work independently within scope of established guideline and practices. Generally refers specifics problems to manager were clarification of policies and procedures is needed.

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