VP Accounting

About Us

Kitsap Credit Union is a not-for-profit, member-owned financial cooperative with more than 300 employees and 14 branches throughout Western Washington. We have a passion for making a positive difference. As a $2 + billion-asset credit union, we are deeply committed to our members' financial wellbeing and the prosperity and quality of life in the communities we serve. We are proud to be led by individuals with the experience and skills to drive our organization towards our goals for strategic growth and operational excellence. Our KCU Cares Foundation program focuses on providing resources and support for those struggling with homelessness or hunger and improving the financial well-being of the people in our communities. And beyond monetary efforts, we have provided thousands of hours in staff volunteerism and in-kind support.

About The Role

Kitsap Credit Union is in search of a VP of Accounting. The Vice President of Accounting reports directly to the Chief Financial Officer and is responsible for leading and directing Kitsap Credit Union’s (“KCU’s”) Accounting functions, ensuring accuracy, compliance, and strategic financial insight to support KCU’s growth and other key strategic initiatives. Oversees all aspects of financial statement and regulatory reporting in accordance with Generally Accepted Accounting Principles (“GAAP”) and regulatory requirements. Principal Accountabilities:

• Leads & oversees all aspects of accounting including: Financial Reporting; Call Report/5300 Regulatory Reporting; Tax Compliance; Accounts Payable; Loan Loss Accounting; Investment Accounting; Derivatives; Fixed Assets; Payroll; and Audit workflows.
• Delivers regular and ad-hoc reporting to the CFO, Senior Management, the Supervisory Committee, and Board of Directors to provide high-impact financial insights to inform and guide strategic decision-making.
• Architects and leads comprehensive accounting functions, ensuring precision, compliance, and operational excellence.
• Drives the design and execution of financial reporting frameworks to optimize internal and external financial reporting.
• Maintains a strong system of internal controls and accounting procedures.
• Formulates, implements, and optimizes accounting policies and procedures to support business growth while identifying and implementing opportunities for continuous process improvement.
• Identifies and evaluates efficiencies across accounting systems and processes, leading the review, alignment, and optimization of financial tools and technologies to enhance operational effectiveness and ensure alignment with organizational goals.
• Safeguards full compliance with corporate policies and evolving regulatory requirements, including the FASB and NCUA.
• Leads the planning, adoption, and implementation of all new accounting pronouncements in their entirety including project planning, implementation and execution, and ongoing post-implementation review and analysis.
• Leads development, mentoring and coaching of the accounting team by providing feedback and opportunities for exposure, growth, skill advancement, and continuous learning.
• Develops and maintains strong working relationships with outside auditors, examiners (both Washington State DFI and NCUA), industry peers, and other key internal and external constituents.

Required Skills And Abilities

• Strong executive presence with excellent verbal and written communication skills with the ability to present complex financial information to all levels of the organization, including the Board of Directors.
• Strong supervisory and leadership skills and the ability to coach, mentor, and manage diverse teams.
• Role models inclusive leadership behaviors and cultivates belonging within the organization.
• Identifies the underlying causes of complex problems and analyzes them at the functional and cross-functional level.
• Proactively drives, inspires, and communicates through change.
• Demonstrates the ability to think critically organizational-wide; ability to pivot, escalate, and triage.
• Flexible mindset and can adjust their level of thinking in the moment.
• Shows ability to think strategically for the function while still maintaining a solid level operationally.
• Aligns the function with the KCU’s strategic plan.
• Strong process improvement mindset with the ability to enhance financial processes for efficiencies and effectiveness.
• Thorough understanding of GAAP, regulatory requirements (including NCUA), and other accounting-related laws and regulations and financial analysis best practices.
• Thorough understanding of CECL, its components, methods, monitoring and reporting.
• Skilled in financial systems with the ability to optimize and integrate systems.
• Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint).
• Working understanding of ProfitStar, Trintech, and Prologue preferred.
• Understand, model, and represent KCU’s core values.

Qualifications And Education Requirements

• Bachelor’s Degree in Accounting or Finance required.
• 10+ years’ experience in Accounting or Finance required in a financial institution, preferably a credit union.
• 6+ years’ experience in leadership or management role with direct experience with regulators and the audit community.
• CPA strongly preferred.

Supervisory Status

This position supervises others and is responsible for being results oriented, collaborative, delegate effectively, and embrace the organization’s core values, ensuring team effectiveness.

Working Conditions

• The person in this position frequently communicates with peers, supervisors, vendors, and employees to exchange accurate information and answer questions.
• Works in an indoor office environment but expected to attend meetings in buildings that require travel in outdoor weather conditions.