Controller

Description:

The New York Credit Union Association is the official state trade association for New York credit unions and the more than 6 million members they serve. Together with our membership and the entire credit union system, we are committed to a shared vision in which Americans choose credit unions as their best financial partner.

To advance this vision in New York, we provide our member credit unions with a full range of services, including: governmental affairs, education and training, outreach and regulatory compliance. We also work diligently to build public awareness about the value and necessity of credit unions not-for-profit, cooperative structure.

Like the credit unions we represent, we are committed to the people helping people philosophy. This philosophy drives every service we offer, and it inspires us to fight for the financial well-being of all consumers.

Reporting to the Director of Finance, this position is responsible for the daily accounting operations for OwnersChoice Funding, Incorporated (OwnersChoice), a wholly owned subsidiary of the New York Credit Union Association, Inc., that originates and services residential mortgages in multiple states. Responsibilities also include accounting for New York Credit Union Foundation (NYCUF), a tax-exempt affiliate.

The position holder will be actively engaged in the daily accounting operations ensuring the accuracy and integrity of accounting records, hands-on processing of mortgage lending and servicing transactions, the timely and accurate preparation of financial statements, annual budgets and forecasts, as well as successful completion of financial statement and compliance audits.

This position will be based in our office in Albany, NY with a hybrid work environment and a standard 35-hour work week. The salary range is between $80,000 and 110,00 annually. Pay rate offered will be based on the successful candidate's relevant experience, knowledge, skills, and abilities.

Key responsibilities include but are not limited to:

- Ensure the integrity of daily internal and external funds transfers between multiple entities and accounts with emphasis on transactions driven by the servicing and closing of mortgage loans.

- Engage directly in the processing of transactions and maintaining accurate accounting records. Initiate accounts payable transactions for operating expenses as well as recording receivables arising in the ordinary course of business. Compile and maintain support schedules and reconciliations in the following areas including but not limited to: each general ledger balance sheet account as well as standing specialized P&L accounting analysis requirements. Initiate analytical work-up in response to any financial performance variance identified as a result of having frontline responsibility for financial oversight for OwnersChoice and NYCUF.

- Coordinate the quarterly independent valuation of the OwnersChoice Mortgage Servicing Rights asset. Prepare an analysis comparing loan level detail supporting the general ledger to the valuation and recommend any adjustment to the booking rate.

- Prepare period end closings, financial statements and related reports. Provide analyses and reports comparing actual results to budgets and prior periods along with commentary on significant variances.

- Support the Management of OwnersChoice remain in compliance with multiple regulatory requirements by compiling data for quarterly and annual regulatory filings as may be required by state licensing bureaus as well as Government-Sponsored Enterprises that invest in residential mortgages originated by as well as serviced by OwnersChoice.

- Coordinate with the servicing department to maintain accuracy of numerous custodial bank accounts by preparing monthly reconciliation of high transaction volume accounts.

- Ensure timely completion of the external annual financial statement audits for OwnersChoice and NYCUF as well as USAP and HUD compliance audits for OwnersChoice. Assist in the annual SOC-1 audit of the OwnersChoice servicing operations.

- Support CFO in preparing for Board and Audit Committee meetings.

- Coordinate the development of an annual budget and periodic forecasts for OwnersChoice & NYCUF. Prepare related analysis for review.

- Assist the Director of Finance in managing the overall finances, financial resources, and other business matters of the organization.

- Assist in facilitating the resolution of any departmental and/or organizational financial issues as well as making recommendations on the accounting for and implementation of new initiatives.

- Provide financial assistance and support to Directors and Senior Management on business decisions being made on programs, department operations, and services to members and clients.

- Document accounting processes, accounting controls, chart of accounts, and accounting policies & procedures ensuring organizational compliance. Look for opportunities within implemented software and surrounding processes to gain efficiencies and ensure optimal support in meeting organizational needs.

Qualifications:

- Bachelor's degree in accounting, minimum of 5 years of related experience. The related experience for the ideal candidate would include 2 years previous experience in a CPA firm. An equivalent combination of education and experience sufficient to satisfactorily perform the duties of the job may be substituted.

- A thorough understanding of accounting principles and procedures, a high level of business acumen, strong analytical skills, and knowledge of financial statement consolidations are required.

- With multiple entities within this organization having diverse financial operations, the ability to effectively manage multiple priorities in a fluid work environment is essential.

- Proactive in identifying and resolving issues and opportunities for operational improvement.

- Demonstrated experience with accounting systems and reporting tools. Proficient in the use of Microsoft Excel.

Strong written and verbal communication skills.

EOE

Compensation details: 80000-110000 Yearly Salary

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