Investor Accountant

Job Description

Job Description

Our Values & Service Standards

Valley Strong is a values-driven organization. Our Core Values guide how we work, collaborate, and serve, and are the foundation of our mission. We help people and communities prosper.

Our Core Values

• Everyone Counts - We promote a diverse and fair workplace to better serve our Members, Team Members, and Communities, fostering an environment of transparency, trust and respect. 

• Innovate Boldly - We dream big, challenge the status quo, move with agility, and embrace data-driven decisions. We listen and continuously make the impossible possible. 

• Embrace the Fun! - We take joy in our work by welcoming kindness, integrity, and authenticity. 

• - Own It - Valley Strong is ours to grow. We hold ourselves accountable to doing our best work every day and are empowered to do what's right. 

In addition to our Core Values, Team Members are expected to demonstrate our Signature 8 Experience. 

Signature Hospitality

• The Showing Up Mindset - Being Fully present and intentional at work. 

• Steps of Service - use my name, meet my needs, figure out what comes next, make the goodbye count. 

• Acts of Hospitality - These are the actions that we do in every interaction, every time, with every Member. 

• Building Rapport - Lead with presence, not a script, ask thoughtful, low-risk questions & share a compliment. Personalize the interaction as it unfolds. 

Signature Experience 

• Know Me - Every Member has a story. Every Member is unique. 

• Engage Me - Always think "what else?" and always say "Thank you."

• WOW Me - Give a little extra. Seize the moment. 

• Remember Me - The small details matter. make me feel valued. 

Position Summary

Department

Accounting

This position is in our specialized investor accounting series in the accounting department. Under general direction the investor accountant performs a full range of routine to complex accounting and financial record-keeping functions, while ensuring compliance with Generally Accepted Accounting Principles (GAAP) for the Credit Union. 

Essential Duties

• Summarizes details in subsidiary ledgers or data files and completes updates to accounting software systems. Verifies, allocates, and posts details of business transactions to subsidiary accounts by journal entry from various source documents.

• Monitors, maintains, and processes Fintech and participation loan pools bought and sold. Responsible for pool balancing, reporting and monthly remittances.

• Records journal entries for loan purchases and sales, including gains on sale, premiums, discounts. Maintains amortization schedules associated with premiums and discounts and participation pool schedules.

• Effectively communicates with internal personnel and third parties when matters require special coordination. Acts as primary lead in the department to address accounting related questions associated with investor accounting.

• Reconciles general ledger accounts, bank accounts, reports, and schedules as assigned.

• Assists with month-end and year-end close processes, audits, and tax reporting.

• All team members must comply with regulatory compliance and assigned training requirements including but not limited to BSA regulations corresponding to their specific job duties. This includes the SAFE Act. Failure to do so may result in disciplinary and other employment related actions.
• Processing Daily transactions including but not limited to: 1) Validating/sending/receiving/posting wires, 2) Validating/depositing/withdrawing funds, 3) Generating payments
• Communicate organization intent, provide recommendations, and represent Accounting in cross functional teams.
• Identify GL variances and provide solutions to: 1) Identify past/future variances, 2) Prevent variances, 3) Document action plan if they occur.
• Posts details of business transactions to subsidiary accounts by journal entry from various source documents.
• Processes transactions for FinTech and participation loan pools bought and sold. Record balancing entries, monthly remittance activity, and generate formatted reports.
• Records journal entries for loan purchases and sales, including gains on sale, premiums, discounts. Design and improve processes to generate schedules associated with premiums and discounts and participation pool schedules.
• Effectively communicates with internal personnel and third parties in processing transactions, purchases, sales, etc.
• Create, design, and document procedures and understand organizational intent behind the procedures
• Must have a desire to learn, teach, thrive, and coach in a fast paced, flexible environment that operate in uncertainty and routinely change with market conditions.
• Must be able to work and operate as a member/leader of a team and learn various systems and processes.
• Must be able to lead/coach/train members of a team on various systems and processes.
• Must be familiar with and be able to instruct team members on how to work with large data sets using common systems, including but not limited to Excel, Power Query, Power BI, Snowflake, Tableau. Must be able to learn how to understand different custom reports designed for different regulatory, tax, and financial purposes.
• General knowledge of the financial services industry, products, environment, and regulations are needed, but need not have been obtained through employment at a financial services entity.
• Must be comfortable asking questions, problem solving, and making recommendations.
• Must be comfortable discussing and briefing Finance topics, terminology, and concepts.
• Must be able to identify NCUA Call Report categories, understand regulatory reporting framework, and provide recommendations on reporting.
• Must be able to self-identify and resolve errors before review
• Evaluate, design, and implement process improvements and automation solutions utilizing available technologies and reporting tools to improve efficiency, accuracy, scalability, and control effectiveness
• Research, interpret, and apply accounting guidance, regulatory requirements, and industry best practices. Document conclusions and communicate recommendations to management.

• Performs other duties as assigned. 

Supervisory Responsibilities

Supervisory Responsibilities

Qualifications
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. 

Education

Min/Preferred

Education Level

Description

Minimum

4 Year / Bachelor's Degree

Accounting/Finance OR similar business area of study from a four-year college or university AND five plus years’ experience

Experience

Minimum Years of Experience

Comments

5

A Minimum of 5 years of professional experience in Accounting/Finance

Language Skills

Ability to read and comprehend instructions, short correspondence, and memos. Ability to write simple correspondence. Ability to effectively present information in one-on-one and small group situations to Members and other Team Members at the organization.