Accounting Manager

Formed in 1934, Telhio began as a credit union for Columbus Telephone Company (now AT&T) employees. Telhio now serves over 70,000 member-owners throughout central and southwest Ohio. As one

of the largest credit unions in Ohio, Telhio is a strong financial institution that continues to serve its members through extraordinary service, innovative financial solutions and community involvement. After generations of service and growth, we never lose focus of our three core values - Caring, Commitment, and Integrity.

Summary

The Accounting Manager oversees all accounting functions of the organization to ensure accuracy and compliance standards are met. This individual will be a strategic business partner to members of the management team, offering financial insights and recommendations, as well as collaborating with other cost centers to improve financial performance and meet goals. The Accounting Manager’s primary focus will be on ensuring the safety and soundness of our members’ assets and is expected to be hands-on, providing active guidance to the entire accounting department staff.

This leader has a strong understanding of internal controls, a comprehensive accounting background, applies this knowledge to the everyday business needs of the department, and contributes to a culture of efficiency, innovation, and accountability.

Responsibilities

• Financial Reporting and Performance Analysis
• Ensure the accuracy of financial statements and other reports.
• Review the accuracy and legitimacy of support and documentation contained in the General Ledgers (GLs).
• Review and analyze data; assist and guide staff with research.
• Monitor transaction flows for unusual spikes or trends that may affect financials.
• Provide insight to the Accounting Supervisor on matters of opportunity or concern.
• Ensure systems are in place for required IRS and Federal Reserve reporting – 5300, 2900, I990, UBIT.

Policy Management

• Remain familiar with applicable policies and advise the supervisor of inaccuracies when needed.
• Contribute to updating policies, procedures, and guides.
• Continuously educate and familiarize with ODFI and NCUA regulations and requirements.
• Maintain awareness of all policies related to accounting department practices and functions.

Budget Generation

• Support the annual fiscal budget process including income and expense projections, capital expenditure, and growth projections.
• Ensure all FA and PPD GL and cost center allocations are current.
• Maintain familiarity with annual GL trends and fluctuations.

Funds Management

• Monitor cash flow sources and uses.
• Adhere to protocols ensuring timely payments for expenditures via check, ACH, or wire transfers.
• Review protocols to ensure Accounts Receivable (AR) and Accounts Payable (AP) functions are up to date and accurately managed.
• Review and monitor fixed asset and PPD registers.

Borrowing Strategies

Assist in assessing borrowing needs for daily liquidity management.

Maintain familiarity with debt reports and available borrowing resources.

Banking Relationships

• Monitor all banking and cash relationships of the credit union.
• Participate in ongoing bank statement and trial balance reviews.
• Conduct regular third-party cash statement reviews.
• Monitor account balances and overall cash positions with other financial institutions and entities where Telhio has investments or interests.
• Maintain awareness of other financial institutions’ stability in the marketplace.

Vendor Management

• Monitor banking and cash relationships related to vendors.
• Update resources such as insurance, contracts, and collateral reporting.
• Annually update assigned vendors in Vendor Point.
• Review and approve all related banking or third-party billing invoices.

Staff Development

• Mentor and develop a team of Accounting Service Representatives and Accounts Payable Specialists.
• Manage work allocations, systems training, performance evaluations, and teamwork.
• Ensure internal control systems are developed and adhered to.
• Align daily workflow with business day needs.
• Ensure prompt completion of staff evaluations.
• Guide cross-divisional teams for projects as needed.

Accounting Operations

• Assist with collecting data for call reports and preparation of monthly financial statements.
• Support preparation of audit schedules and maintain data for various regulatory reports.
• Apply strong research skills to support operational efficiency and provide financial analysis.
• Analyze large data sets from various sources; create and update complex spreadsheets.
• Design and build reports within accounting software; prepare and maintain reports summarizing and forecasting business activity and financial position.
• Act as a department liaison to facilitate data collection and collaboration across the organization.
• Ensure all reconciliations are submitted and reviewed monthly for accuracy and legitimacy.
• Manage complex reconciliations and support complex transactions using GAAP principles.
• Balance and audit general ledger accounts; prepare accounting entries as needed.
• Become familiar with all accounting positions’ tasks and responsibilities to resolve complex issues and provide backup support as needed.
• Lead staff meetings, attend trainings, stay current on accounting regulations, and recommend changes as necessary.
• Ad Hoc Reporting and Duties
• Ensure prompt submission of reports and certifications to entities such as FHLB, ESI, Call Report, FRB 2900, FRB BIC, State and Federal 945, etc.
• Ensure completion and accuracy of weekly and monthly reports required by the Federal Reserve Bank and Federal Home Loan Bank.
• Maintain a strong internal control environment within the department.
• Collaborate with department heads to ensure smooth operations between frontline and accounting personnel.
• Ensure department records comply with established record retention procedures.
• Complete independent testing of accounting procedures.
• Assist department staff in remaining current on compliance matters.
• Collaborate directly with auditors and examiners for independent testing of accounting procedures.
• Monitor CRM ticketing and work with departments to reduce declined ticket submissions.
• Work with supervisors on mapping projects across multiple system applications.
• Monitor mapping and transaction reporting in multiple reporting systems to ensure accuracy.
• Community and Industry Involvement
• Participate in local charities.
• Maintain visibility in the communities served.
• Promote Telhio as a community partner.
• Bachelor's degree in Finance, Accounting, Business, Economics, Business Administration, Management, or Statistics. (Required)
• 3-5 years of experience with Prologue. (Required)
• 3-5 years of accounting experience in the banking industry. (Required)
• 3-5 years interpreting financial data. (Required)
• 1-3 years of leadership experience. (Required)
• Knowledge, Skills, and Abilities
• Understanding of banking systems and ability to translate among multiple user systems.
• Knowledge of credit union core banking products.
• Strong knowledge of Accounting Principles, Payables, and Compliance.
• Analytical thinking skills.
• Expert written, oral, and interpersonal communication skills.

What you will earn

• Competitive pay
• Opportunity to earn incentive and bonus
• Benefits: medical, dental, vision, life and disability insurance
• 6% matching and immediately vested 401(k) plan
• Generous Paid Time Off and Paid Holidays
• Opportunity for personal career growth, continued education and mentorship programs
• Volunteer opportunities impacting the local community

Physical Demands

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

While performing the duties of this job, you will need to have good manual dexterity as well as speaking and hearing ability. This position requires sitting; some reaching; standing; some stooping or kneeling. The employee must occasionally lift and move up to 50 pounds. It is expected that the employee will read, compile, compute and record numerical and statistical data. Must drive occasionally.

This is a Non-Collective Bargaining Unit

Telhio is an Equal Opportunity Employer