Controller - Credit Union
Company: MassMutual
Location: Hartford
Posted on: October 3, 2024
Job Description:
Controller - Credit UnionSpringfield, MA - Hybrid (3 days in
office per week)The Opportunity:As the Controller of MassMutual
Federal Credit Union (MMFCU), you will be a valued member of a
supportive, diverse, and skilled team. All MMFCU team members are
committed to delivering a consistent and memorable experience to
our members and potential members. You will be responsibly for the
accounting operations of the credit union, to include overseeing
the accuracy and timeliness of the accounting records, preparation
of standard internal and external financial reports, and
maintenance of a comprehensive set of internal controls designed to
mitigate risk, enhance the accuracy of the credit union's reported
results, and ensure that reported results comply with generally
accepted accounting principles, as well as state and federal credit
union regulations.The Team:The finance team is comprised of a CFO,
an accounting specialist and an accounting assistant. The team is
expected to work cross-functionally and collaboratively with other
business units within the organization.The Impact:
- Oversee accurate and efficient accounting operations, internal
controls, and financial reporting for the credit union.
- Responsible for the chart of accounts and necessary internal
controls over the general ledger to include appropriate reconciling
processes, software application, and segregation of duties.
- Responsible for the standard internal and external financial
reporting of the credit union, including the quarterly NCUA 5300
report.
- Work closely with the CFO to ensure accounting estimates are
accurate and well-supported this will include leading the efforts
to comply with FASB's current expected credit losses standard
(CECL).
- Maintain a documented system of accounting internal controls,
policies, and procedures.
- Manage the accuracy and productivity of the daily activities of
accounts payable, accounts receivable, fixed assets.
- records, and general accounting.
- Assist in the preparation and the monitoring of the
budget.
- Ensure accounting records and reports are in compliance with
GAAP and government regulations.
- Cooperate with and assist external auditors and regulators as
appropriate.
- Assist with various profitability analysis and reporting,
including assessment of the credit union's operations and products
and services.
- Comply with local, state, and federal government reporting
requirements.
- Establish effective communications and processes within the
department.Minimum Qualifications:
- Bachelor's Degree in accounting, finance or business
- 5+ years of progressively responsible work experience;
preferably in a bank or credit union, or equivalent combination of
education and experience.Preferred Qualifications:
- MBA or CPA
- Proven knowledge of GAAP
- Understanding of audit functions and procedures and related
regulations.
- Ability to define problems, collect data, establish facts, and
draw valid conclusions.
- Ability to interpret an extensive variety of technical
instructions in mathematical or diagram form and deal with several
abstract and concrete variables.
- Familiarity with credit union accounting terminology and
standards.
- Familiarity with credit union system terminology and
acronyms.What to Expect as Part of the Team
- Regular collaboration with the CFO and leadership team
- Focused one-on-one time with your manager
- Access to mentorship opportunities
- Networking opportunities including access to Asian,
Hispanic/Latinx, African American, women, LGBTQ, veteran and
disability-focused Business Resource Groups
- Access to learning content on Degreed and other informational
platforms
- Your ethics and integrity will be valued by a company with a
strong and stable ethical business with industry leading pay and
benefitsEmployment is contingent upon successfully passing a credit
check.#LI-DM2MassMutual is an Equal Employment Opportunity employer
Minority/Female/Sexual Orientation/Gender Identity/Individual with
Disability/Protected Veteran. We welcome all persons to apply.
Note: Veterans are welcome to apply, regardless of their discharge
status.
If you need an accommodation to complete the application process,
please contact us and share the specifics of the assistance you
need.
Keywords: MassMutual, Albany , Controller - Credit Union, Other , Hartford, New York
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