Overview:
Are you looking to take your career from good to great? As an employee of PenFed, every day is an opportunity to thrive, and be part of a team working to ensure our organization is providing world class service to our members, employees, and our communities. We exist to help our members realize their full potential, educate and encourage their dreams, and make every effort to follow our mission and help our members "do better." Joining PenFed is more than being an employee; it's about being a part of the PenFed family.
PenFed is hiring a (Hybrid) Senior Manager, General Accounting at our Tysons, Virginia location. The primary purpose of this position is to oversee the activities of the General Accounting area within Accounting Shared Services, including developing new procedures to enhance the efficiency of processes and ensure compliance with all related regulations, policies, and procedures. This position will have direct reports that manage the day-to-day tasks of these critical Accounting functions. Additionally, this position will be a key contact within internal and external auditors and examiners.
Responsibilities:
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. This is not intended to be an all-inclusive list of job duties and the position will perform other duties as assigned.
* Review the staff level generation of monthly, quarterly, and annual related reports of the Credit Union's reporting entities as well as maintain proper books and records of the pre-Financial Accounting, adjustments, and final Financial Accounting reports for the Credit Union in the related areas.
* Manage aspects of accounting for the Shared Services functions including accounts payable, payroll, and fixed assets.
* Manages reconciliation of assigned balance sheet accounts and reviews financial statements and supporting documentation to ensure compliance with Generally Accepted Accounting Principles (GAAP) and Company policies and procedures.
* Review training programs, daily team performances and monthly reporting processes to assess against established key performance indicators (KPIs).
* Oversee staff and make appropriate adjustments to meet current workload needs and future anticipated needs.
* Develop and maintain documentation, policy, procedures, and reconciliations of all assigned Accounting tasks for the team - including interactions with NCUA & auditors.
* Research and recommend strategic and tactical changes for the team as well as improve the overall process and timeliness for the Shared Services team tasks.
* Assist in setting the goals and scope for automation strategies and system tools to improve the Shared Services Accounting and reporting of the Credit Unions.
* Prepare, conduct, and review performance appraisals.
*This role is responsible for ensuring business continuity.*
Qualifications:
Equivalent combination of education and experience is considered.
* Bachelor's Degree in Business, Finance, Accounting, or a related field is required and/or accounting certification and/or 10+ (ten) of general accounting experience exclusive to large financial institution accounting scenarios.
* Minimum of 10 (ten) or more years of experience in accounting and financial areas, including general accounting, consolidations, financial GL Closings and US GAAP and regulatory reporting.
* Minimum of 2 years' experience of direct management experience.
* Knowledge of general accounting practices around accruals. accounts payable, PeopleSoft Financial, Accounts Payable and Asset Management modules, budgeting and forecasting analysis and related concepts, practices, and procedures.
Supervisory Responsibility
This position will supervise employees.
Licenses and Certifications
CPA or CPA candidate preferred.
Work Environment
While performing the duties of this job, the employee is regularly exposed to an indoor office setting with moderate noise.
*Most roles require working in an office setting with moderate noise and the ability to lift 25 pounds.*
Travel
Ability to travel to various worksites and be on-call may be required.
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