VP, Accounting

Company: Kitsap Credit Union
Location: Bremerton
Posted on: April 4, 2025

Job Description:

About Us

Apply promptly! A high volume of applicants is expected for the role as detailed below, do not wait to send your CV.

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.

At Kitsap Credit Union, our success is built on trust-based relationships and personalized service. We understand our employees are key to our success. They provide the personalized service to our members and contribute to the communities where we live. We are committed to providing a supportive, mission-driven, and inclusive culture where employees can grow their careers. To learn more, visit kitsapcu.org.

About the Role

Kitsap Credit Union is in search of a Vice President of Accounting. This is a brand new role as we continue to grow and scale. The Vice President of Accounting reports directly to the Chief Financial Officer and is responsible for leading and directing Kitsap Credit Union's Accounting functions, ensuring accuracy, compliance, and strategic financial insight to support KCU's growth and other key strategic initiatives. This role will oversee all aspects of financial statement and regulatory reporting in accordance with Generally Accepted Accounting Principles (GAAP) and regulatory requirements.

Principal Accountabilities

Leads and 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, 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
Ensures 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.
10+ years of experience in Accounting or Finance in a financial institution, preferably a credit union.
6+ years of 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.

Quick Facts

Seniority Level: Vice President

Reports to: SVP, Chief Financial Officer

Employment type: Exempt, Hybrid, Salaried, Full-time

Salary Range: $173,633.98 to $210,000 depending on experience

Bonus Target: 15% potential incentive of base pay

Grade: 17BC

Industry: Banking

What We Offer

Not only are we one of the largest credit unions in Washington State, and growing, but we are also a company that cares about its employees. We back that up for our employees by offering competitive pay and a benefits package that helps support you and your family's lifestyle. We value our employees, and we strive to keep our benefits comprehensive and affordable. Some of our benefits include:

Free onsite parking
Annual time off and sick time accrued
11 Paid holidays
1 Personal day
Medical, Dental, Vision, Short- and Long-term Disability, Life and AD&D Insurance
Employee Assistance Program
Choose from a PPO medical plan or a High Deductible with a Health Savings Account
3% KCU funded Safe Harbor Contribution to your 401K
KCU will match up to 2% of your 401K contributions
All 401K contributions are 100% vested
Potential annual incentive in all roles within Kitsap Credit Union
Tuition reimbursement
8 hours of paid volunteer time off
Discounts on KCU's products and services

We believe in the power of belonging - it's in our DNA as a not-for-profit, member-owned cooperative. Our un-bank-like structure ensures that we remain all about people: our members, our employees, and the people in the communities where we live and work. We work hard to provide a collaborative and inclusive environment where you can grow and excel in your career.

We are dedicated to serving our members by providing personalized experiences, convenient access, and highly competitive products and services. But it goes much deeper than that. For more than 86 years, we have been relentless about making a positive difference in our communities. We understand that when our members and communities succeed, we all succeed, and that success can't happen without great employees.

****** Employment is contingent upon satisfactory background and reference checks. Kitsap Credit Union is an Equal Opportunity Employer. All qualified applicants for employment will receive consideration without regard to sex, marital status, race, color, religion, national origin, age, veteran status, disability, genetic information, or any other protected status. ******

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Keywords: Kitsap Credit Union, Seattle , VP, Accounting, Accounting, Auditing , Bremerton, Washington