Financial Reporting Manager

Chevron Federal Credit Union is one of the top-run credit unions in the country – and one of the largest, with $4.8 billion in assets. Yet our corporate culture is not stuffy: the Team Spirit Committee runs fun activities and charitable events throughout the year, and work-life balance, mutual respect, diversity, and providing a voice for every employee are all important to us. As you might imagine, we provide competitive pay and great benefits, including:

• Bonus/incentives for all regular employees
• 401(k) with 8% company contribution
• Medical, dental, and vision insurance for employees and dependents paid at 80%
• PTO and paid sabbaticals
• Tuition reimbursement

GENERAL SUMMARY: 

As a forward-thinking leader overseeing the financial reporting functions, you will be the subject matter expert (SME) while supervising, coaching and developing your team to be successfully aligned with corporate initiatives.

Prepares internal and external periodic financial reports and regulatory required filings.  Supervises work of staff responsible for GL reconciliations to ensure production of accurate financial statements.  Works under limited supervision and in compliance with established policies and procedures.

Position Duties & Functions:

Executes the financial reporting process for management and the Board of Directors to ensure accurate and timely periodic financial statements.  These reports include, but are not limited to, the monthly financial statements and quarterly Budget to Actual, Capital Expenditure Review, and NCUA Financial Performance Report.  Keeps a proper record of all supporting documentation and delivers all reports in a timely manner to the VP-Accounting/SVP Controller for review and inclusion in the Board report.  Coordinates with other accounting personnel/Credit Union staff as necessary to ensure timely completion.

Executes the periodic reporting process for our regulators and other external interested parties as assigned. This includes but is not limited to the quarterly NCUA 5300 and annual business property tax statements for each CFCU location.

Works with accounting staff in coaching, developing, guiding and supervising their work efforts.

Responsible for researching and documenting abnormalities or significant changes to financial reports.

Continually reviews Accounting reporting practices to identify opportunities for improvement and an efficient operation.

Works with the VP-Accounting and SVP-Controller to assist in preparation of the annual budget.

Works with the VP-Accounting and SVP-Controller to evaluate and document and update as necessary the various financial reporting processes and systems. Recommends and maintains formal policies, practices, and procedures to ensure US GAAP compliance, while maintaining a proper segregation of duties and internal controls.

Researches financial data as it relates to inquiries of management, federal and state examiners, as well as internal and external auditors and responds to VP-Accounting / SVP-Controller in written and/or verbal form. Works with VP-Accounting and SVP-Controller to establish, modify, and document accounting control procedures and general accounting systems to meet regulatory requirements and ensure compliance with US GAAP.

Researches and documents technical accounting issues as necessary to ensure compliance with US GAAP.  Ensures compliance with regulatory accounting/reporting requirements.  Works with VP-Accounting and SVP-Controller to establish, modify, document, and coordinate implementation of accounting procedures, accounting control procedures, and general accounting systems.

Works directly with the external auditors to help in the preparation of annual financial statements, disclosures, and footnotes, in connection with annual financial statement audit.  Keeps a proper record and documentation of all balances disclosed including but not limited to the footnotes.

Manages the B2A monthly process, including preparation of the reports, sending them to key stakeholders, receiving the reply and incorporating them into the consolidated report to top management.

Manages the FAS91 function, including the month-end calculations and entry preparation.

Manages month-end calculations, including the loan loss provision and expense calculation.

Manages (no less than semi-annual) CECL reserve review.

Other duties as assigned.

POSITION REQUIREMENTS

EXPERIENCE and EDUCATION:

• Bachelor's degree in Accounting or a related area from a four-year college or university.
• Four to six years of related experience.
• Preferred: Experience working in credit union / financial institution-in their reporting function.
• Preferred: CPA and/or Masters in Accounting/Business.
• Preferred: Experience working with Symitar Quest, Blackline (or other reconciliation tool).

KNOWLEDGE and SKILLS:

• Ability to write and speak effectively in English using correct spelling and grammar.
• Basic math skills including the ability to compute rates, ratios, and percentages using a 10-key.
• Excellent PC skills including hands on experience with the Microsoft Office Suite of products (Word, Excel, Outlook), previous experience with banking or loan software is preferred (Symitar, ABT). Moderate keyboard skills at 40 wpm.
• Ability to effectively present information to top management, groups of members, and/or Board of Directors
• Excellent customer service skills.

COMPETENCIES:

• Ability to learn quickly and adapt to change; ability to quickly learn specialized applications and systems.
• Initiative and self-direction.
• Ability to effectively communicate and collaborate with people at all levels.
• Sound problem-solving and decision-making ability, including the ability to prioritize. 
• The ability to understand and align with our core competencies through daily projects and tasks:

Growth Mindset

Diversity & Inclusion

Communication

Change Ready Leadership

Responsibility

Problem Solving

Tech & Data Savvy

CU Business Acumen

PHYSICAL DEMANDS:  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Work involves extensive use of computers, up to eight hours per day. Appropriate visual, dexterity and other physical abilities are required.
• May include occasional pushing, pulling, or carrying objects weighing up to 20 pounds.

Must be able to speak and present on the telephone several hours per day and/or through digital means of communication, including but not limited to Zoom/Teams/or other video technologies.

We are an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or expression, pregnancy, age, national origin, disability status, genetic information, protected veteran status, or any other characteristic protected by law. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

SALARY AND BENEFITS:

Salary is based on qualifications and geographical location (Zone). Benefit information can be located on our Careers page here: https://www.chevronfcu.org/about-us/careers 

Zone 1: $111,240 - $152,955

Zone 2: $101,228.40 - $139,189.05

Zone 3:  $93,441.60 - $128,482.20

Zone 4: $88,992 - $122,364

EQUAL EMPLOYMENT OPPORTUNITY STATEMENT:

Chevron Federal Credit Union (CFCU) is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, veteran status, disability, sexual orientation, gender identity, or any other protected status. CFCU participates in E-Verify.

If you are an individual with a disability and require a reasonable accommodation to complete any part of the application process or are limited in the ability or unable to access or use this online application process and need an alternative method for applying, you may contact us at 800-232-8101 for assistance.

CFCU Is CPRA Compliant for California Employees and Applicants, to review the Notice at Collection, click here. To submit a request, please refer to the Careers page for the CPRA Request Form.

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