Director, Accounting & Financial Reporting

Description

This role reports to the Controller and provides leadership and oversight of the Credit Union's accounting and financial reporting function. The role is responsible for the accurate, timely, and compliant execution of financial close, financial statement preparation, regulatory reporting, accounting policies and procedures, and related financial reporting processes.

The Director serves as the primary technical accounting and financial reporting advisor, providing research, analysis, recommendations and implementation support for complex accounting matters, new products and transactions, accounting standards, and financial reporting requirements. The role leads accounting process improvement, control effectiveness, automation, and financial reporting initiatives while identifying opportunities to reduce risk, improve efficiency, and enhance scalability.

The Director develops and leads a high-performing accounting and financial reporting team and partners with cross-functional leaders and senior leadership to translate complex accounting and financial matters into clear business implications and recommendations.

Here's what you can expect from the job and what you need to be successful:

What You'll Do:

Leadership & Organization

• Exercise administrative judgment and responsibility for decisions, consequences, and results having an impact on the accounting department.
• Lead and develop a high-performing accounting and financial reporting team by establishing clear accountability, performance expectations, development opportunities, and succession plans.
• Partner closely with the Controller and senior leadership on accounting strategy, financial reporting, complex accounting matters, regulatory reporting requirements, audit activities, risk management, and enterprise initiatives.
• Accounting & Financial Reporting
• Monitor and analyze department work to develop proper internal controls, more efficient procedures, and the use of resources, while maintaining a high level of accuracy and completeness.
• Ensure the accuracy and timeliness of the preparation of internal and external reporting requirements, assigned analysis, and projects.
• Lead the accounting processes and controls that support accurate, complete, and timely financials in accordance with GAAP and applicable state and federal regulatory requirements.
• Provide accounting information and recommendations to strategic plans and financial reviews, ensuring accuracy and timeliness.
• Resolves non-routine accounting concerns for department and other key stakeholders by researching and interpreting accounting policy, applying observations and recommendations to operational issues, and ensuring compliance with GAAP.
• Serve as the primary technical accounting subject-matter expert for the accounting function and provide recommendations to the Controller and senior leadership regarding complex transactions, new products, emerging accounting standards, and non-routine accounting matters.
• Confirms financial status by coordinating the collection, consolidation, and evaluation of financial data.
• Lead and continuously improve the financial close process, establishing appropriate timelines, controls, review procedures, and accountability to ensure accurate and timely financial reporting.
• Develop and maintain accounting policies and procedures and lead the implementation of new accounting standards and methodologies.

Controls, Risk & Regulator Reporting

• Lead the design, execution, monitoring, and continuous improvement of accounting and financial reporting controls to support the completeness and accuracy of the financial statements.
• Lead the preparation and review of assigned regulatory financial reporting and provide oversight to ensure accuracy, completeness, timeliness, and compliance with applicable requirements.
• Support the organization in maintaining an effective financial reporting control environment and responding to internal audit, external audit, and regulatory examination matters.

Finance & Business Partnership

• Work within accounting, finance, and other departments to identify period variances to budget and forecast, and work closely to improve budgeting and forecasting for both routine and ad hoc accounting matters.
• Partner with Finance and business leadership across the organization to explain financial results, identify significant variances, and provide accounting insight that supports budgeting, forecasting, and strategic decision-making.
• Analyze economic, business, and financial conditions as they relate to accounting, financial reporting, capital, and financial performance, and communicate relevant implications to the Controller and Finance leadership.
• Process Improvement & Technology
• Identify and develop automation solutions to improve efficiency.
• Evaluate accounting systems, data flows, reconciliations, and processes to identify opportunities to eliminate manual activities, strengthen controls, improve data integrity, and reduce operational risk.
• Develop and maintain accounting information according to GAAP concerning income, expenses, assets, liabilities and capital as a basis for management planning and decision-making, and for fulfilling financial reporting requirements.
• Manage third-party relationships of providers specific to accounting and financial reporting and ensure appropriate performance, service levels, and issue resolution.
• Identify and develop automation solutions to improve efficiency.

Essential Skills:

• Required Education: Bachelor's degree in field relevant to role (or 4 additional years of relevant experience in lieu of a degree), advanced degree preferred.
• Required Experience: 8+ years of relevant experience, 4+ years as a People Leader.
• Demonstrated ability to lead, develop, and retain high-performing accounting and financial reporting teams.
• Strong technical accounting and financial reporting expertise, including the ability to research and resolve complex accounting matters.
• Strong understanding of financial reporting including risk, internal controls, governance, and risk mitigation.
• Experience working with automated business function systems feeding journal entries to the general ledger
• Experience preparing and reviewing financial statements and related footnotes
• Strong knowledge of state and local taxes, including property taxes, back-up withholding, etc.
• Advanced knowledge of GAAP and experience researching, evaluating and assisting with implementing new accounting analyses and methodologies consistent with GAAP.
• Proficiency in using technology to analyze data and improve accounting/business processes that create reconciling exceptions or financial loss
• Knowledge of financial and accounting policies, internal controls, procedures
• Understanding of data collection methodologies and business processes feeding to the general ledger
• Solid project management skills to review, communicate and present action plans.
• Proficient with automated financial planning, reporting, and accounting systems
• Advanced knowledge of Microsoft Office Suite; advanced knowledge of Excel and PowerPoint; some knowledge of Microsoft Visio and process flow diagrams
• Certification/License: CPA preferred

Location: Hillsboro, OR | Marlborough, MA

Target Compensation:$146,500 - $176,000 + annual bonus

Schedule:Monday - Friday | 8am-5pm (Hybrid)