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Accounting Specialist

Baltimore County Employees Federal Credit Union

Location: Towson, MD

Schedule: Full-time

Position Overview

The Accounting Specialist ensures accurate reporting of the Credit Union’s financial position by maintaining and reconciling its general ledger accounts and subsidiary records and by preparing financial statements and regulatory reports.  This position is primarily focused on balancing and reconciliation of general ledger accounts to support fair, accurate and timely reporting of financials.

The following is a summary of duties:

  1. Prepares various daily and monthly general ledger entries using appropriate judgment to ensure all entries are in accordance with Generally Accepted Accounting Principles (GAAP).
  2. Completes settlements, including those for credit cards, gift cards, and prepaid expenses by verifying information, researching un-posted items, posting settlement entries, and balancing ledger accounts.
  3. Prepares monthly, quarterly, and annual reports related to financial statements, including the quarterly NCUA 5300 and 2900 report. Reviews financial information needed to ensure an accurate statement of the Credit Union’s financial position to various regulatory agencies. Ensures compliance of financial statements with Credit Union standards, Generally Accepted Accounting Principles (GAAP), and regulatory requirements.
  4. Completes daily bank reconciliation by comparing bank statements with Credit Union records and researching and resolving discrepancies.
  5. Prepares and submits various year-end member and vendor tax forms and reports, including the 1099 and 945 filings.
  6. Accounts for monthly settlements from 3rd parties, such as for debt protection and identity theft protection, by reviewing reports for accuracy, preparing monthly journal entries, and completing other miscellaneous reporting.
  7. Provides instruction to staff in other departments in processing transactions such as ACH originations and stop payments, check adjustments, and wire transfers. Provides support to staff in maintaining Fedline certificates and using Fedline applications. Manages Accounting Department staff and performs back up functions in the absence of the VP of Finance by providing guidance to staff, authorizing leave requests, assigning work, authorizing policy exceptions, reviewing invoices submitted for payment, and performing all Credit Union payroll functions.
  8. Reviews reports for accuracy, preparing monthly journal entries, and completing other miscellaneous reporting.
  9. Assists with internal and external audit requests and deliverables.
  10. Complies with all applicable Credit Union policies, procedures and regulatory requirements.

Education & Experience

Minimum Required Education:

This position requires a diploma from a public or accredited private high school. A high school equivalency diploma (GED) may be substituted for the required education. An Associate’s degree in accounting or related field is preferred.

Minimum Required Experience:

This position requires one year of experience in accounting or a related field. Education at an accredited college or university in a field of study related to the required experience may be substituted for the required experience on a year-for-year basis. Thirty credit hours of education are equivalent to one year of experience.

Requirements

  • Strong technical knowledge in Excel, Word, Outlook, and other Windows-based software.
  • Keen and sharp attention to detail with the ability to discern differences and interpret variances.
  • Ability to manage and analyze large amounts of data and compile detailed reports.
  • Proven ability to concurrently perform multiple assignments and manage projects on strict deadlines under pressure.
  • Ability to work independently and make sound independent judgment.
  • Broad knowledge of Credit Union products and services.
  • A credit check and criminal background check are required.

How to Apply

Please fill out an application on our careers portal at the following link: https://www.bcefcu.com/careers/opportunities/

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