Investor Accountant

Valley Strong Credit Union; Bakersfield (CA); On-site; USD 75,000 - 105,000; Full time

Job summary

Valley Strong Credit Union in Bakersfield, CA seeks an Investor Accountant to manage routine to complex accounting and financial record-keeping in the investor accounting series within the accounting department. You will ensure GAAP compliance, post journal entries, and oversee loan pools, remittances, and liquidity reporting.

You will lead accounting questions, reconcile ledgers, and assist with month-end close, audits, and regulatory reporting while collaborating with cross-functional teams.

Qualifications

• Minimum 4 Year / Bachelor's Degree required.
• Accounting/Finance OR similar business area of study from a four-year college or university.
• Five plus years of professional accounting experience preferred.
• GAAP knowledge and financial reporting experience required.

Responsibilities

• Summarizes details in subsidiary ledgers or data files and completes updates to accounting software systems. Verifies, allocates, and posts details of business transactions to subsidiary accounts by journal entry from various source documents.
• Monitors, maintains, and processes Fintech and participation loan pools bought and sold. Responsible for pool balancing, reporting and monthly remittances.
• Records journal entries for loan purchases and sales, including gains on sale, premiums, discounts. Maintains amortization schedules associated with premiums and discounts and participation pool schedules.
• Acts as primary lead in the department to address accounting related questions associated with investor accounting.
• Reconciles general ledger accounts, bank accounts, reports, and schedules as assigned.
• Assists with month-end and year-end close processes, audits, and tax reporting.
• Processing daily transactions including validating/sending/receiving/posting wires, validating/depositing/withdrawing funds, generating payments.
• Identifies GL variances and provides solutions to identify past/future variances, prevent variances, and document action plans.

Education

Bachelor's Degree

Accounting/Finance OR similar business area of study from a four-year college or university

Job description

Investor Accountant

Regular Full-Time Professional Admin, Bakersfield, CA, US

Salary Range: $36.11 To $50.53 Hourly

Our Values & Service Standards

Valley Strong is a values-driven organization. Our Core Values guide how we work, collaborate, and serve, and are the foundation of our mission. We help people and communities prosper.

In addition to our Core Values, Team Members are expected to demonstrate our Signature 8 Experience.

Our Core Values

• Everyone Counts - We promote a diverse and fair workplace to better serve our Members, Team Members, and Communities, fostering an environment of transparency, trust and respect.
• Innovate Boldly - We dream big, challenge the status quo, move with agility, and embrace data-driven decisions. We listen and continuously make the impossible possible.
• Embrace the Fun! - We take joy in our work by welcoming kindness, integrity, and authenticity.
• - Own It - Valley Strong is ours to grow. We hold ourselves accountable to doing our best work every day and are empowered to do what's right.

Signature Hospitality

• The Showing Up Mindset - Being Fully present and intentional at work.
• Steps of Service - use my name, meet my needs, figure out what comes next, make the goodbye count.
• Acts of Hospitality - These are the actions that we do in every interaction, every time, with every Member.
• Building Rapport - Lead with presence, not a script, ask thoughtful, low-risk questions & share a compliment. Personalize the interaction as it unfolds.

Signature Experience

• Know Me - Every Member has a story. Every Member is unique.
• Engage Me - Always think "what else?" and always say "Thank you."
• WOW Me - Give a little extra. Seize the moment.
• Remember Me - The small details matter. make me feel valued.

Position Summary

Department

Accounting

This position is in our specialized investor accounting series in the accounting department. Under general direction the investor accountant performs a full range of routine to complex accounting and financial record‑keeping functions, while ensuring compliance with Generally Accepted Accounting Principles (GAAP) for the Credit Union.

• Summarizes details in subsidiary ledgers or data files and completes updates to accounting software systems. Verifies, allocates, and posts details of business transactions to subsidiary accounts by journal entry from various source documents.
• Monitors, maintains, and processes Fintech and participation loan pools bought and sold. Responsible for pool balancing, reporting and monthly remittances.
• Records journal entries for loan purchases and sales, including gains on sale, premiums, discounts. Maintains amortization schedules associated with premiums and discounts and participation pool schedules.
• Effectively communicates with internal personnel and third parties when matters require special coordination. Acts as primary lead in the department to address accounting related questions associated with investor accounting.
• Reconciles general ledger accounts, bank accounts, reports, and schedules as assigned.
• Assists with month-end and year-end close processes, audits, and tax reporting.
• All team members must comply with regulatory compliance and assigned training requirements including but not limited to BSA regulations corresponding to their specific job duties. This includes the SAFE Act. Failure to do so may result in disciplinary and other employment related actions.
• Processing Daily transactions including but not limited to: 1) Validating/sending/receiving/posting wires, 2) Validating/depositing/withdrawing funds, 3) Generating payments
• Communicate organization intent, provide recommendations, and represent Accounting in cross functional teams.
• Identify GL variances and provide solutions to: 1) Identify past/future variances, 2) Prevent variances, 3) Document action plan if they occur.
• Posts details of business transactions to subsidiary accounts by journal entry from various source documents.
• Processes transactions for FinTech and participation loan pools bought and sold. Record balancing entries, monthly remittance activity, and generate formatted reports.
• Records journal entries for loan purchases and sales, including gains on sale, premiums, discounts. Design and improve processes to generate schedules associated with premiums and discounts and participation pool schedules.
• Effectively communicates with internal personnel and third parties in processing transactions, purchases, sales, etc.
• Create, design, and document procedures and understand organizational intent behind the procedures
• Must have a desire to learn, teach, thrive, and coach in a fast paced, flexible environment that operate in uncertainty and routinely change with market conditions.
• Must be able to work and operate as a member/leader of a team and learn various systems and processes.
• Must be able to lead/coach/train members of a team on various systems and processes.
• Must be familiar with and be able to instruct team members on how to work with large data sets using common systems, including but not limited to Excel, Power Query, Power BI, Snowflake, Tableau. Must be able to learn how to understand different custom reports designed for different regulatory, tax, and financial purposes.
• General knowledge of the financial services industry, products, environment, and regulations are needed, but need not have been obtained through employment at a financial services entity.
• Must be comfortable asking questions, problem solving, and making recommendations.
• Must be comfortable discussing and briefing Finance topics, terminology, and concepts.
• Must be able to identify NCUA Call Report categories, understand regulatory reporting framework, and provide recommendations on reporting.
• Must be able to self-identify and resolve errors before review
• Evaluate, design, and implement process improvements and automation solutions utilizing available technologies and reporting tools to improve efficiency, accuracy, scalability, and control effectiveness
• Research, interpret, and apply accounting guidance, regulatory requirements, and industry best practices. Document conclusions and communicate recommendations to management.
• Performs other duties as assigned.

Supervisory Responsibilities

Qualifications

Education

Min/Preferred

Description

Minimum

4 Year / Bachelor's Degree

Accounting/Finance OR similar business area of study from a four-year college or university AND five plus years’ experience

Experience

Minimum Years of Experience

Comments

5

A Minimum of 5 years of professional experience in Accounting/Finance

Language Skills

Ability to read and comprehend instructions, short correspondence, and memos. Ability to write simple correspondence. Ability to effectively present information in one-on-one and small group situations to Members and other Team Members at the organization.

Mathematical Skills

Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute dividends and interest.

Reasoning Ability

Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written or oral form.

Physical Demands

The physical demands described here are representative of those that must be met by a Team Member to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The Team Member occasionally must lift and/or move up to 10 pounds. Ability to stand for long periods of time. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Other Skills and Abilities

Must be able to process transactions in an efficient manner. Must be able to communicate policies and procedures to Members in an easily understood and professional manner.

Must comply with all Bank Secrecy Act (BSA) and other Anti-Money Laundering (AML) laws and regulations, as they pertain to federal guidelines and internal policies and procedures.

The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties, skills, and working conditions.