Manager, Financial Reporting

The Manager, Financial Reporting is responsible for managing Wright-Patt Credit Union (WPCU) external reporting function, leading a team of up to two specialists in the execution of reporting to boards of directors or trustees, regulatory reporting, tax returns, and government surveys for the credit union and subsidiaries.  This role also serves as the Accounting department’s point of contact for examiners and external auditors.

1)      Serves as coordinator and primary contact for all external reporting activities within the accounting department, including but not limited to:  Monthly sets of financial statements and board reports, including maintenance of related report templates and workbooks; oversight of compilation and timely submission of quarterly NCUA 5300 Call Report; coordination of audit responses for annual regulatory examination and fiscal year audit; completion of various government surveys or questionnaires. (50%)

2)      Directs preparation of annual IRS Forms 990 and 990-T tax returns, in coordination with third party tax preparer, to ensure compliance with IRS regulations while maintaining cost effectiveness. Works with Credit Union business units to complete annual review of income subject to unrelated business income tax (UBIT), including evaluation and documentation of methodologies and calculations for allocable expenses. Calculates and accrues tax expense (or benefit) entries as part of the monthly financial close. Coordinates with the AP & Payroll Manager to ensure accurate and timely submission of all withholding taxes and information forms for employees and members. Reviews all inquiries, letters, or notices from either the IRS or state departments of revenue and works with the VP, Corporate Controller and/or Chief Financial Officer to coordinate prompt responses. (15%)

3)      With servant leadership principles, leads a team of up to two Financial Reporting Analysts, including recruiting, coaching, and direction of highly skilled partner-employees while fostering a positive work environment. (15%)

4)      Provides oversight and review of the mapping of various loan and deposit products to their respective general ledger (GL) accounts. Additionally, ensures member accounts are categorized consistently (and in compliance with federal and state regulatory definitions) across all data tables, including those used to compile board reports, the 5300, capital planning and stress testing analyses, and models for Asset Liability Management (ALM) and Current Expected Credit Losses (CECL). (10%)

5)      Assists the VP, Corporate Controller in regular updates to applicable management practices.  Ensures all procedures are thoroughly documented with backup resources trained to complete critical processes when necessary. (5%)

6)      Other duties as assigned to ensure the Credit Union operates efficiently and reliably, is in compliance with applicable laws, regulations, and rules, has appropriate operating controls to mitigate risk, and is performing at a high level. (5%)

The Manager, Financial Reporting must be knowledgeable in GAAP, general accounting procedures and regulations that govern the accounting and taxation of both not-for-profit and nonprofit organizations. The Financial Reporting Manager must also possess the following:

1)      A Bachelor’s Degree in Accounting or Finance is required. Relevant work experience will be considered for degrees in other fields.

2)      A minimum of seven years’ progressive experience in Accounting or Finance at a financial institution is required.

3)      Previous supervisory experience is strongly preferred.

4)      CPA is highly preferred.

5)      Strong familiarity with not-for-profit (990 and 990-T) and/or corporate (1120) tax returns is preferred.

6)      Exceptional verbal and written communication skills, including the ability to engage at multiple organizational levels. Demonstrated strategic thinking and ability to communicate effectively across multiple organizational levels.

7)      Proven ability to develop sound policies, procedures, and practices for improved operating controls, productivity and/or efficiency.

8)      Excellent computer skills and experience working with accounting software programs, including ERP systems (Fiserv Prologue or similar) and payroll software (ADP or similar).

9)      Advanced proficiency with Microsoft Office applications, particularly with Excel and PowerPoint, is required.