- Under the primary direction of the Supervisory Committee, audits the various books, records and operations of the credit union to evaluate compliance with sound business and financial practices, regulatory requirements, accounting standards, and internal policies.
- In conjunction with Supervisory Committee, develops a comprehensive risk-based audit plan schedule covering laws, regulations, policies, procedures, practices and internal controls.
- Performs operational and compliance audits and prepares reports for the Supervisory Committee and management concerning scope of audit, conditions found, and any recommended corrective measures.
- Maintains audit work papers to evidence the audit work performed and the material facts supporting the conclusions reported. Conducts regular audit procedures and activities for all credit union branches and departments, including accounting, operations, and lending procedures. Conducts independent audits and examination of credit union records to ensure compliance with laws and regulations.
- Assist the Supervisory Committee with carrying out their responsibilities, duties, and tasks as noted in the NCUA Rules and Regulations.
- Conducts spot reviews of financial data and supporting records regarding material assets, net worth, liabilities, income, required allowance for loan loss balance and expenditures to determine the reliability and integrity of such data. Periodically conducts surprise counts of branch cash on hand and negotiable instruments to determine the accuracy of related records
- Develops and implements new or revised internal audit policies, methods, and procedures.
- Cooperates with the External Auditors and Examiners, assisting as appropriate, in the conduct of their audits and examinations.
Knowledge of finance, accounting, audit and regulatory compliance with the ability to read and interpret all basic financial statements required. Ideal candidates will have working knowledge of budgeting, forecasting, investments, loan reserves and balance sheet risk management. Basic understanding of the information technology needs within the credit union environment and a conceptual grasp of systems, networks, and hardware is essential.
Extensive knowledge of the fundamentals of banking, including an understanding of the Federal Reserve System, payments processing, and the legal aspects of negotiable instruments is strongly preferred.
Knowledge of the Federal Credit Union Act, plus bylaws and regulations that apply to federally-chartered credit unions, best practice internal controls in a financial institution is desirable.
Excellent oral and written communication skills with the ability to read, understand and interpret complex documents, follow oral and written instructions, perform math calculations and general ledger reconciliations is essential. Ability to collect, analyze and interpret financial data, strong analytical/problem solving skills along with knowledge of spreadsheet and word processing software is vital to the position.
Bachelor’s degree in accounting, finance, or related field with 3 years of financial institution experience in the area of auditing, finance or accounting is required.
Certification such as CFSA or CIA along with 5+ years of financial institution experience in the area of auditing, finance or accounting is preferred.
Excellent compensation and benefits package. Please include salary history on resume or cover letter.
Apply online at www.firstcomcu.org; e-mail resume to email@example.com; fax to 610-807-3040; or mail to HR Dept, P.O. Box 20450, Lehigh Valley, PA 18002-0450. EOE.
**We will only accept resumes/applications that specifically mention the position in which you are interested.