Vice President, Accounting

About MCU:

At Municipal Credit Union, we believe that an incredible culture helps create a happy and motivated team that works hard to achieve the best results for themselves and their members. For more than 100 years, MCU has provided affordable financial products and convenient services to a membership base that is now comprised of over 600,000 individuals. With each new generation we have the pleasure of interacting with, we maintain the credit union promise of people helping people.

Our Mission:

To help hard-working New Yorkers build better tomorrows

Our Vision:

Be New York's most loved financial institution by helping our members build their best financial futures

About the job:

The Vice President (VP), Accounting is a key leadership role, responsible for MCU's financial operations and controls. The VP Accounting leads a team of financial professionals who manage the day to day operations of the accounting department. As a member of the Senior Leadership Team (SLT), the VP Accounting actively collaborates with peers and executive leaders on all matters related to accounting, reporting, controls, decision support, and analytics in support of day-to-day operations, business initiatives and member wellbeing. The VP Accounting must be willing to embrace a fast-paced, challenging environment and be passionate about process improvement via technology. .

What you'll be responsible for:

• Inspire, mentor, develop and lead accounting staff. Must be passionate about building strong, high performing teams.
• Be an active member of the senior leadership team, collaborate with leadership to drive success.
• Serve as the subject matter expert on all technical accounting matters, ensuring proper application of GAAP in day to day transactions, regulatory filings, management reports and financial statements. Ensure the staff understand the proper application of GAAP.
• In-depth knowledge of upcoming accounting pronouncements and exposure drafts that impact the banking industry, and how they will impact MCU. Serve as the subject matter expert on banking and credit union regulatory changes. Develop implementation plans and assess financial and operational impacts.
• Participate in executive committees as required.
• Lead all budgeting, planning and forecasting activities pertaining to non-interest income and expense. Partner with the Director of Finance on balance sheet and margin planning.
• Responsible for the general ledger, ensuring timely and accurate transaction posting from all areas of the credit union. Lead the month-end book close process ensuring accuracy and efficiency.
• Ensure proper controls are in place, including reconciliations, performed and reviewed diligently and on a timely manner.
• Oversee the accounts payable process, ensuring payables are paid in a timely manner in adherence to policies.
• Responsible for cash management. Oversee efficient branch cash operations. Responsible for wire controls. Optimization of cash balances across multiple bank accounts. Support the Director of Finance in liquidity planning.
• Serve as Finance transformation champion, continuously finding opportunities for automation. Oversee all technology related initiatives for the accounting department.
• Develop best in class finance technology ecosystem.
• Oversee all accounting related policies and procedures. Perform annual reviews.
• Responsible for NCUA Call Report (Form 5300), monthly management and board reporting.
• Coordinate the completion and submission of regulatory filings, and Federal and State tax filings.
• Coordinate the annual financial statement audit process.
• Oversee the preparation and analysis of the reserve for loan losses (ALLL). Oversee the ALLL system and ensure reserves are accounted for properly under GAAP and internal policies.
• Analyze monthly results, summarize and present findings to senior leadership.
• Assist the Director of Finance with profitability and other analyses.

What you'll bring:

• Bachelor's degree in Accounting or a related field required.
• CPA license preferred, but not required.
• In-depth knowledge of the Credit Union industry and related accounting practices.
• 7-10 years of finance or accounting leadership in a bank or credit union.
• Exceptional oral and written communication skills.
• Ability to effectively lead a large team in a hybrid office environment.
• Ability to "fly at various altitudes" - must be able to get into the details with staff, as well as be able to effectively present complex accounting concepts to executive leadership.
• Must manage "up" as well as you manage "down."
• Must have demonstrated experience as an automation champion - experience using or implementing advanced technology tools, specifically general ledger and core system querying tools, RPA processes, automated reconciliation tools, month end closing systems, etc.

Leadership Competencies:

• Proven ability to manage change
• Capacity to take calculated risks and innovate
• Experience in setting vision and strategy
• Lead by example and encourage team in developing adaptability
• Successful in communicating effectively
• Prioritizes developing others
• Thinking that values diversity and difference
• Proven ability to build and maintain relationships at all levels of the organization
• Skilled at managing effective teams and work groups that default to action, are accountable, and take ownership of work

Why you'll be a good fit:

Our Core Values are an integral part of who we are and who we hire. By living our Core Values, every day, we continue to attract the best and brightest talent, achieve unsurpassed results and continuously challenge ourselves to be better than yesterday. These values are at the heart of our organization and within every teammate. To be a great fit, you'll bring the following

Results - We are passionate about winning.

Agility - We proactively anticipate, respond and pivot to ensure MCU wins.

Integrity - We operate with the highest ethical standards and highest degree of honesty.

Belonging - We cultivate a culture of inclusion and teamwork.

Ownership - We take personal responsibility and hold ourselves accountable for the results.

Why You'll Love Working Here:

The pay range for this position is between $181,700-319,680 annually. Actual base pay offered may vary depending on a number of factors such as job-related knowledge, skills, experience, and location. Employees in this position may also be eligible for a discretionary bonus, 401(k) with an 6% employer match per pay period. Benefits for this position include Medical, vision, dental, life, and disability insurance, flexible paid time off and 11 paid holidays annually.

Municipal Credit Union (MCU) is an Equal Opportunity Employer. Municipal Credit Union provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by applicable federal, state or local laws.

We are committed to hiring, training, cultivating, promoting, and celebrating an environment where we have a welcoming and fulfilling place for all people to call home. Diversity of race, thought, sexual orientation, age, veteran status, religion, and disability will empower us to thrive as individuals, as teams, and as an organization.