Accountant

About Us: United Teletech Financial is a not-for-profit financial cooperative serving our members and their families since 1967. Originally chartered to serve the needs of Bell Labs employees, membership to United Teletech Financial is now open to any person who lives, works, worships, attends school or volunteers in Monmouth and Ocean counties and portions of central Middlesex County. As a consumer, one may be eligible to join through the NJ Consumer Council, a non-profit consumer education organization with over 16,000 members. 

Core Focus:

The Accountant, reporting to the Accounting Manager, is responsible for applying generally accepted accounting principles (GAAP) and procedures to analyze financial information, prepare accurate and timely financial reports, and ensure appropriate accounting controls. This role supports the credit union in maintaining financial integrity, compliance, and operational efficiency.

General Requirements

• Bachelor’s degree in Accounting required;
• Credit Union or Financial Institution work experience preferred
• Strong Excel skills (formulas, pivot tables, macros)
• Strong organizational, analytical, and problem-solving skills
• Ability to work independently and collaboratively within the department
• Strong verbal and written communication skills
• Ability to identify process improvement opportunities and implement solutions
• Knowledge of GAAP, auditing practices, economic principles, and regulatory requirements
• Ability to interface with investment partners, vendors, and other external entities
• Proficiency in MS Office, accounting systems, and financial reporting tools (experience with multi-dimensional loan analytical tool preferred)
• Ability to work flexible hours based on business needs
• Strong analytical and conceptual thinking
• High level of accuracy and attention to detail
• Effective time management and prioritization skills
• Commitment to continuous improvement and process efficiency
• Ability to collaborate and communicate effectively with all stakeholders

General Duties and Responsibilities

1. General Accounting & Reporting

• Prepare, review, and reconcile general ledger accounts
• Ensure proper recording of all transactions according to GAAP and internal policies
• Maintain integrity of financial statements, including balance sheet, profit & loss, and other reports
• Support monthly, quarterly, and annual closing processes
• Prepare and reconcile subsidiary schedules (e.g., fixed assets, prepaids, work in process, allowance calculations)
• Reconcile and monitor key balance sheet accounts

2. Investment Accounting

• Book investment payments and track investment files
• Book purchases and sales of investments
• Manage investment unrealized gains/losses
• Prepare monthly investment files
• Monitor and reconcile daily bank accounts and other investment-related transactions

3. Loan Participation & Lending Support

• Post loan participation payments/remittances and manage loan participation files
• Reconcile loan balances and related accounts
• Prepare monthly loan participation reports for delinquency packages
• Calculate ALLL (Allowance for Loan and Lease Losses)
• Track collateralized loans weekly
• Monitor medallion allowance / complete medallion valuation used for allowance analysis
• Prepare and maintain accounting and reporting on 1st Mortgage and Commercial lending business segment.

4. Accruals, Prepaids, and Fixed Assets

• Book monthly accruals based on budget
• Maintain prepaid tracking and amortization schedules
• Record and reconcile fixed assets and rental adjustments

5. Daily Operations & Cash Management

• Daily ACH, Debit Card, Credit Card, Zelle, Kiosk, Share Draft, Branch Capture and other reconciliations
• Prepare Bank Reconciliations
• End-of-day cash management analysis and recommendations
• Monitor CDs with past maturities
• Manage Non-member CDs

6. Reporting & Regulatory Compliance

• Prepare quarterly shock analysis, cash flow reports, product profitability
• Prepare quarterly CALL report
• Prepare and upload CECL reports into multi-dimensional loan analytical tool
• Support financial audits and regulatory exams with requested documentation
• Ensure compliance with corporate and regulatory policies
• Provide data for financial audit and NCUA exam

7. Vendor & User Management

• Accounts payable management, including investigating unusual or duplicate charges
• Vendor follow-up and management
• Accounts payable system management, including vendor system access and permissions
• Backup AP responsibilities when needed

8. Miscellaneous / Administrative

• Review corporate card and expense vouchers once journalized
• Create, review and revise accounting procedures
• Backup accounting responsibilities for colleagues when out of office
• Record monthly GAAP rental adjustments
• CECL Off-balance sheet credit exposure tracking and entries
• Loan participation month-end remittances and trial balance processing
• ACCOUNTING SQL reports validation and storage
• Work on assigned Adhoc reports

Our Purpose: We Help Members Build a Path to their Dreams

Our 5 Values:

1. We Put People First - We are always mindful of those we serve; delivering with care on our promise.

2. We Instill Trust - We gain the confidence and trust of others by being honest and ethical.

3. We Build Relationships - We commit to meaningful, long-lasting relationships, centered in respect and appreciation.

4. We Walk the Talk - We align our actions with our words and do what we say we’ll do.

5. We Seek Growth- We actively learn and adapt, taking lessons from both successes and failures.

Why Choose to Work with UTF?

United Teletech offers a professional, employee-friendly environment with tremendous opportunities for growth. Our UTF team are what makes this organization thrive. We operate as a family that wants to see each other win. We highlight and celebrate our team member’s successes through our U-CAN spotlights, awards and team celebrations. 

Certified as a Great Place to Work for 5 consecutive years, we provide an environment which encourages a sense of belonging, learning and development and team building.

Salary: $58,600 - $73,300 annually depending upon experience.

Benefits:

• 401(k)
• Medical, dental and vision insurance
• Flexible spending account
• Life insurance
• Generous paid time off

Work Location: Hybrid remote in Tinton Falls, NJ 07724