Accounting Specialist

Position Title:

Accounting Specialist

Reports To:

Director of Accounting

Basic Function:

Maintains accounting records for the Credit Union and provides support for the member service functions.

Responsibilities:

• Perform bank reconciliations of the Credit Union. Reviews, balances, and records all RRCU teller checks daily. 
• Responsible for escheatment of teller checks. 
• Stop payments of teller checks. 
• Retain records needed for annual audits of examinations.
• Review and post computer-generated daily close-of-business vouchers to general ledger.  
• Prepares, researches, and posts all miscellaneous general ledger vouchers daily.  
• Balances share and loan statistics, general ledger control accounts, and Federal Reserve Bank cash letter daily; researches and resolves any out-of-balance condition.  
• Assist with period-ending adjusting and closing entries and preparation of financial statements.
• Balances and transmits money orders sold and MasterCard cash advance vouchers daily.
• Prepares and submits weekly Regulation D report of liquidity reserves to the Federal Reserve Bank, Dallas.  
• Reconciles all bonds received and transmits to Southwest Corporate.
• Maintains manual or PC-based subsidiary records for general ledger accounts for either Credit Union bank accounts, accounts receivable and accounts payable.  
• Periodically reconciles subsidiaries to the general ledger control account, researches and resolves outstanding items on a timely basis. 
• Balances Federal Reserve Bank cash letter daily, researches and resolves any outages. 
• Balances mortgage payments daily. 
• Pays RRCU expenses after obtaining appropriate approval for payment.  
• Checks invoices to assure accuracy of calculation. Determines proper general ledger classification to charge and branch or vector to allocate the expense.  
• Prepares month-end accruals for expenses.  
• Maintains records for general ledger accounts for prepaid expenses and fixed assets. Retains records needed for annual audits and examinations.
• Answers telephone inquiries, researches and resolves problems on member accounts as needed.  
• Adheres to all Red River Employees Federal Credit Union policies and procedures.
• Performs other related duties as assigned.

Qualifications:

• High school diploma or the equivalent.
• Prior experience in a financial institution or 6 months accounting experience preferred. College-level accounting courses preferred.
• Competent computer skills and use of standard office equipment.
• Ability to meet, speak, and deal effectively with people, being professional always.
• Must maintain a neat and professional appearance.
• While the following list is not exhaustive and may be supplemented, identified physical requirements include the ability to operate normal office equipment and some lifting, not to exceed 25 pounds.
• Ability to follow the core values of Team-Focused, Excellence, Authenticity, and Leading in Innovation.