Senior Accountant

Financial Resources FCU has been designated one of the Best Places to Work in NJ since 2022! At FRFCU, we are "putting people first" and that starts with our employees! Come see why our team members have voted us for Best Places to Work in NJ!

Are you looking for more? Tired of not feeling like your work has purpose or aligns with your values? Do you want to be part of a team with positive, “let's make a difference” type team members? Do you want to have a voice in the direction of an organization particularly one that is focused on people, not profits? If that sounds like where you want to be, then we have something more to offer you!

If you want to be part of a company that has a demonstrated commitment to its employees, members and the communities we serve that acts in accordance with our shared value system, we may be a good fit for each other.

If you have a genuine desire to make a difference, if you value helping others achieve more, if you are a true people person and want to feel good about the work you do then we should talk. Whether your background is in banking, retail, hospitality, customer service, call center support, administrative support, clerical, general office work or maybe you took a break and are looking to return to the workforce, well it doesn’t matter. We care about the type of person you are and the qualities you bring to our company and culture. We will provide the training and on-going development skills necessary to be successful and grow your career in a meaningful and worthwhile way.

Financial Resources is a not-for-profit federal credit union with locations in Somerset, Hunterdon, Middlesex, Hudson and Union Counties. With a history of serving our members for more than 100 years, we have grown to more than $650 million in assets serving more than 29,000 members with 7 public access branches and a team of 100 employees. We are available Nationwide!

We are currently looking for a Senior Accountant in our Branchburg, NJ Headquarters.

Essential Duties

• Prepare and coordinate the monthly financial closing and reporting functions. Analyze income and expenses and compare to monthly budget, preparing detailed explanations of budget variances for management.
• Prepare/review the management book and call report and supporting schedules including financial analysis and commentary on results and variances.
• Prepare/review the monthly actual versus budget worksheets for departments including monthly income statement variances on a summary and detailed level.
• Perform/review the activities of accounts payable and accounts receivable, fixed assets, prepaid expenses, investments, accrued expenses, reconciliations and cost accounting. Ensure accurate and timely processing of general ledger, invoices and employee expense reports.
• Review weekly Loan/Share report.
• Prepare allowance for credit loss and supporting schedules. Ensure accuracy of allowance for credit loss, including review of methodology and support and proposing changes in methodology when necessary.
• Prepare for internal and external audits and act as liaison for audits. Assist with annual report and footnote preparation.
• Review/Handle critical functions in cash management, investment analysis and asset liability management, including making proposals for management in each of these areas.
• Prepare/review monthly reconciliations of general ledger accounts. Ensure all accounts are correctly used and all items are adequately researched and resolved Within 90 days
• Review share/loan data in related software (nCino). Perform analysis on trending, concentration, performance, etc., on regular basis.
• Prepare information for Pre-ALCO and ALCO meetings.
• Being subject matter expert (SME) in general ledger related areas such as Excel, queries, systems, data and accounts.
• Oversee the work of Junior Accountant and Accountant and provide coaching and guidance.
• Work with outside vendors to coordinate the quarterly Asset Liability Management (ALM) analysis.
• Assist with the development and implementation of policies to streamline accountings processes by identifying deficiencies and suggesting improvements.
• Prepare supporting files and schedules for annual budget.
• Update accounting procedure manual as required/needed.
• Maintain and review existing internal control functions to ensure the safeguarding of assets.
• Take initiative to make recommendations for improvement, be an information resource to colleagues.

Other Duties

• Attend conferences, seminars and training sessions relating to areas of responsibility.
• Provide back-up support for all staff.
• Prepare special requests from senior management and board members as needed.
• Cross train with other department members.
• Complete special projects and other duties as assigned.

Qualifications

• Bachelor's Degree or equivalent combination of education and relevant business experience
• Minimum of 3-5 years of related accounting experience in a financial institution preferred
• Call Report experience preferred, but not required

• Requires professional, well-developed interpersonal skills necessary for communicating with members, coworkers and vendors on Credit Union-related matters.
• Requires knowledge of the Credit Union's policies, procedures, programs, products and services as they relate to assigned areas of responsibility.
• Requires working knowledge of Generally Accepted Accounting Principles/FASB Accounting Standards Codification, NCUA Rules and Regulations, financial reporting, and investments.
• Proficiency in Microsoft Office applications.
• Advanced Excel skills required.
• Ability to adapt to changing corporate environment

A little more about what we do: Financial Resources has been serving the needs of our members for more than 100 years and we are just getting started. We are looking for more high character people to join our team and help us help more members as we get started on the next 100 years. When you join Financial Resources, you will be part of a mission driven organization with a team of talented and committed team members that value our members and company culture!

What we offer to our team members

• Work Life Balance Programs that includes a reduced hour work week after satisfactory completion of your training period
• A competitive salary
• Generous paid time off
• Health, dental and vision plans for employees and their families
• Health Savings and Flex Spending Accounts
• Paid Parental Leave Programs
• Short and Long-Term Disability Programs
• Company provided life insurance and low-cost supplemental insurance plans
• 401K with 100% employer match, up to 6%, after one year and potential for additional profit-sharing contributions
• Paid volunteer days
• Opportunities for career advancement with continuous learning and development
• Tuition reimbursement

We ask that you

• Demonstrate a positive attitude and willingness to help others
• Be a good team member, the type of person people want to work with
• Have some basic computer skills
• Care about the work we do

If you want to work in a friendly environment and with an organization that is looking to expand its footprint, please consider applying for this opportunity.