Why Municipal Credit Union
FY2024 · Form 990Its mission and biggest programs, as filedBuilds lifetime financial relationships by offering competitive products and excellent services.
- Founded in 1916 for new york city Municipal workers, Municipal Credit Union (the Credit Union) is the oldest Credit Union in new york state and the largest metro new york Credit Union offering a wide array of financial services to…
Before you apply
FY2023 · Form 990Independent: from IRS data, not the orgAbout the role
The org's own posting, as writtenAbout MCU: At Municipal Credit Union, we believe that an incredible culture helps create a happy and motivated team that works hard to achieve the best results for themselves and their members. For more than 100 years, MCU has provided affordable financial products and convenient services to a membership base that is now comprised of over 600,000 individuals. With each new generation we have the pleasure of interacting with, we maintain the credit union promise of people helping people.
Our Mission: To help hard-working New Yorkers build better tomorrows Our Vision: Be New York's most loved financial institution by helping our members build their best financial futures Overview: The Senior Accountant is an integral part of the Accounting team, responsible for maintaining accurate financial records, preparing financial statements, preparing regulatory reporting, performing investment accounting for credit union’s investments, assisting with the financial budget and planning, general ledger account reconciliations, and ensuring compliance with regulatory standards.
Reporting to the Manager of Accounting, this is a key role in financial reporting, internal controls, analysis, and process improvement initiatives.
Responsibilities
Specific duties include, but are not limited to, the following: Participate in the month-end close process, monthly reporting and variance analysis, and quarterly Call Reports. Perform reconciliations of bank accounts and general ledger accounts in accordance with MCU policies and procedures and prescribed timelines. Review and reconcile suspense accounts and monitor closely for aged items. Work with business partners to ensure items are addressed timely and appropriately in accordance with MCU policies and procedures. Maintain fixed asset records and depreciation schedules in accordance with accounting policies. Working knowledge of ASC 842 (Lease Accounting).
Perform accounting functions including general ledger entries and reconciliations for credit union’s investment portfolio Support the monthly Allowance for Credit Losses (ACL) process, as necessary. Working knowledge of ASC 326 (CECL). Participate in the budget and forecast planning process by assisting with preparation of information and analyzing income and expense trends. Collaborate with cross-functional teams to evaluate the accounting implications of new products and services or other key initiatives. Assist business partners with the research of transaction level data to ensure items are booked timely and properly.
Participate in the preparation of monthly, quarterly, and annual financial statements in accordance with GAAP. Assist in the coordination of financial audits, internal audits, and regulatory examinations, providing documentation and explanations as needed. Prepare budget vs. actual performance reports and provide analysis to support strategic decision-making. Assist with the month-end close, management reporting and provide audit support for the…
About Municipal Credit Union
From its Form 990- Budget $302.5M
- Staff 787 · founded 1916
- Pays its leaders $242K–$1.7M (12 reported)
- Open jobs 19 · Jobs at Municipal Credit Union · Full 990 report