Accounting Specialist

Lafayette Federal Credit Union
We are currently seeking a conscientious, process-oriented individual to play an integral part of our Finance and Accounting team.

Maryland
Full Time
City: Rockville

Description
*ONLY HIRING IN DC, MARYLAND AND VIRGINIA*

Lafayette Federal Credit Union has been dedicated to providing the highest level of service to our members since 1935. We understand that in order to give the best to our members we must give the best to our team. As an institution, we are committed to the success of each employee and the betterment of our community. We are proud of our competitive pay and attractive benefits package that provides those with Lafayette Federal careers the resources needed to manage their heath, promote their well-being, and help plan an exciting future.



About the Position:
We are currently seeking a conscientious, process-oriented individual to play an integral part of our Finance and Accounting team. The Accounting Specialist will assist in the maintenance of the credit union's accounting records and reports, ensuring that they comply with Generally Accepted Accounting Principles and credit union accounting practices as well as perform general ledger posting and reconciliation and prepares analysis of operations for management. This position will also be cross-trained and will perform duties related to the daily processing and posting of share drafts, wire transfers and ACH.

More specifically, the Accounting Specialist will:
Process, post and reconcile accounts to the general ledger for accounts receivable, cash receipts, accounts payable, reimbursements, cash disbursements and payroll.
Manage the vendor database and performs the daily accounts payable function.
Process and reconcile daily official check settlement, stop payments and requests for check copies and reconcile the corresponding GL account.
Maintain all assigned accounts such that they are always in balance and current within 30 days.
Review open invoice reports; follow-up with a schedule of payments or adjustments.
Serve as backup support in processing ACH activity and an in reviewing all ACH debits and credits for proper posting and reconciliation.
Perform daily Federal Reserve and general ledger reconciliations.
Assist the Wire Department in verifying and reconciling fund transfers. Assists in the IRA back office function.
Calculate the Allowance for Loan Losses including the Troubled Debt Restructuring (TDRs) analysis.
Process tax levies and garnishments to include communication with members and legal counsel.
Be responsible for understanding and complying in an accurate and timely basis with all Bank Secrecy Act/Anti-Money Laundering/OFAC requirements that pertain to your position at LFCU and as directed by management and/or the SVP of Risk Management.
Performs other duties as assigned by the Accounting Manager, SVP Finance & Accounting and/or the EVP/CFO


Requirements
Qualified candidates will have:
A positive credit standing


Experience:
One to three years of similar or related experience


Education:
Equivalent to a college degree (BS or BA in a relevant field).


Interpersonal Skills:
Excellent written and verbal communication skills.
Excellent organizational and time-management skills
Ability to function in financial institution environment and utilize standard office equipment
Courtesy, tact, and diplomacy are essential elements of the job. Work normally involves contacts with persons beyond immediate associates generally regarding routine matters for purposes of giving or obtaining information, which may require some discussion. Outside contacts take the form of service to the public (members or vendors) requiring ordinary courtesy in providing assistance and information. Obtaining cooperation (internally and/or externally) is an important part of the job.


Other Skills:
In depth knowledge of Credit Union regulations, legislation and financial reporting and data processing
Fluency with advanced features of various software applications including proficiency with spreadsheet and database software/applications
Keen attention to detail
Excellent analytical skills, people skills and self-direction
Ability to effectively interact and communicate with Senior Management and/or outside regulators, investors and business partners
Proficiency in Excel and Word required
Physical Requirements and Work Environment:

This position requires manual dexterity, the ability to lift files and open cabinets.
This position requires bending, stooping or standing as necessary.
This job operates in a clerical office setting. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines. Office environment with job duties conducted via telephone, face to face meetings, and on the computer.


*Lafayette Federal Credit Union is an Equal Opportunity and E-Verify Employer*

EOE/AA/VETERAN/DISABLED

https://recruiting.paylocity.com/Recruiting/Jobs/Details/543692