Accounting Analyst

Mutual Security Credit Union is a financial cooperative owned by the members it serves through its branches in Danbury, Norwalk, Shelton, Bridgeport, and Watertown. Headquartered in Shelton, Connecticut, MSCU has been servicing Fairfield, New Haven and Litchfield counties for over 70 years and takes pride in a total membership of over 28,000 and assets over $350 Million.

Join our Team and be a part of a movement that is fostering change and making a meaningful impact every day.

Our employees, regardless of their role, share a passion, a focus, and the dedication to create prosperity and success in everyone's well-being in our communities. Join us in supporting our mission and elevating your personal growth and advancement by embracing this rewarding career opportunity.

GENERAL FUNCTION

Plays a vital role in optimizing team performance by overseeing day-to-day operations of all Credit Union financial record keeping; ensures accuracy of records; prepares monthly financial and statistical reports.

MAJOR RESPONSIBILITIES

• Embrace the movement to foster change and make a meaningful impact within the Community by exhibiting our corporate values of Integrity, Empowerment, Respect and Commitment in an effort to promote professional growth and prosperity within the organization and the neighborhoods that we serve.
• Ensure the accounting records of the Credit Union are maintained accurately.
• Responsible for completing the month-end process : report / data gathering, journal entries, and reporting.
• Retrieve and review visa reports through PSCU for debit card and credit card reward liability and post accruals each month that depend on how many points have been redeemed and earned. Ensure credit card principal balances to GLs are in balance and accrue interest for days in the month outside of the statement period.
• Complete all deferred loan cost analysis (FASB) monthly.
• Enter bank transaction data, keep track of branch / ATM cash orders, and outgoing mortgage wire funding to determine if overnight borrowing is needed.
• Complete and maintain Rent Schedule notifying senior management of upcoming deadlines. Responsible for maintaining leases through our lease accounting software.
• Assist the Accounting Specialist in all monthly General Ledger Reconciliations.
• Complete daily Eascorp balance and projections to ensure Credit Union has sufficient cash for main operating account and communicate this to the CFO.
• Complete all Property & Real Estate Taxes quarterly and annually where applicable. File Property Tax Declarations for Credit Union locations annually.
• Review monthly reports from the broker dealer for investments and post accrued interest, premium / discount amortization, unrealized gains / losses, realized gains / losses for the CDA, and changes in FMV. Post any principal / interest payments that we receive through FHLB.
• Complete annual UBIT filings on a timely basis.
• Maintain Charge Off & Recovery records and balance monthly.
• Works with Credit Union auditors and regulatory agencies (NCUA & DOB), providing them with assistance in performing their reviews of the Credit Union operations.
• Review certain expense GLs to make sure that bills are being paid correctly and move out transactions that should hit an accrual or another GL, have a prepaid sub account, or have a fixed asset depreciation sub account.
• Processes payroll (staff) general ledger transactions and performs a verification of quarterly and annual tax information.
• Processes IRA and Backup Tax withholdings (government payments and reporting) in accordance with Connecticut and Federal requirements.
• When necessary, assist in initiating outgoing wires with a secondary approval by another authorized user.
• Creates and maintains Vendor records within the Credit Union's in-house system, keeping in compliance with the IRS 1099 reporting requirements. Work with Operations to complete 1099 filing annually.
• Be a backup for pre-paid records and documentation within the Credit Union's in-house system.
• Responsible for entering fixed assets into the system, setting up depreciation sub accounts, scrapping, and making sure fixed assets are in balance.
• Maintains accrual records and documentation within the Credit Union's in-house system.
• Maintains online postage account, postage meter records, and balancing for each Branch; funds accounts when necessary and manages leases.
• Abides by all federal, state, and local laws including but not limited to : The Bank Secrecy Act, including the Office of Foreign Assets Control (OFAC) and Financial Crimes Enforcement Network (FinCEN); Uniform Commercial Code (UCC); Federal Reserve Bank; and National Credit Union Administration (NCUA).
• Cross train and provide back-up for the NCUA quarterly 5300 report.
• Assist Controller & CFO in annual budgeting process as well as financial audit.

NOTE : The list of essential functions is not exhaustive. It may be supplemented as necessary from time to time.

POSITION REQUIREMENTS

PHYSICAL AND MENTAL ABILITIES

DISCLAIMER

The above information on this description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned.

WHY MUTUAL SECURITY CREDIT UNION!

In addition to a competitive salary and lucrative benefits package, employees receive generous vacation and personal time off and delight in a variety of company sponsored events throughout the year. Our comprehensive benefits package includes :

Medical, Dental, Vision Plans

Life and Accidental Death and Dismemberment Insurance (100% employer paid)

Accident and / or Illness Disability Insurance (100% employer paid)

401(k) Plan with Company Contribution

Vacation, Holiday and Personal Time Off Pay

Birthday PTO Day

Mental Health PTO Day

Volunteer Day - One paid day a year to support the causes that matter to you!

Gym Membership Stipend

Employee Referral Program

Education Assistance Program

Employee Wellness Program

Leadership and Employee Development Training Programs

Interested candidates please submit your resume with salary requirement.

MSCU is an equal opportunity employer and is committed to fostering an inclusive and diverse workplace where everyone feels valued, respected, and empowered. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, protected veteran status, or any other characteristic protected by law.