Regulatory Reporting - Financial Specialist

Job Description

Job Description

Founded in 1937, Advancial is one of the oldest and largest credit unions in the country. We are an established and proactive full-service financial institution providing personal, convenient and advanced financial services to individuals and select group partners. Our mission is to create lasting value for our members through superior service, quality products, and innovative solutions.

At Advancial, we always strive to provide the best service and products to our members because we love what we do. We work together to build a culture that promotes a positive employee experience. We’ve been named a Best Company to Work for in Texas for nine consecutive years and a Best and Brightest Company to Work For nationally and locally because we’re serious about building fulfilling careers and not just day jobs.

We invite you to learn more about this position and what Advancial has to offer by completing our online application.

Advancial Federal Credit Union participates in the Electronic Employment Verification process. Please click here for more information.

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SUMMARY

The Regulatory Reporting Financial Specialist is responsible for compiling, analyzing, and reporting financial data to ensure compliance with regulatory requirements. This role will involve generating various regulatory reports as mandated by federal and state agencies while maintaining the integrity and accuracy of financial information.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. In addition, other duties may be requested / assigned.

Prepares, reviews, and submits timely regulatory reports, ensuring they meet compliance standards and internal policies.

Conducts detailed analyses of financial data to identify trends, variances, and ensure accuracy in reporting.

Collaborates with accounting and finance departments to gather necessary data for comprehensive regulatory reporting.

Monitors changes in regulations to ensure compliance and accuracy in all reports provided to regulatory bodies.

Assists in the preparation and filing of quarterly and annual reports, as well as other ad-hoc regulatory reports as required.

Maintains thorough documentation supporting all reporting processes to facilitate audits and inquiries.

Responds to inquiries from regulatory agencies regarding submitted reports and data.

Provides support during audits by preparing required documentation and explanations of financial data.

Participates in ongoing training to remain updated on regulatory changes and industry best practices.

Ensures compliance with all internal controls and policies related to the reporting process.

Performs special assignments or projects as requested by finance leadership.

Maintains proficiency with reporting software and financial systems necessary for performing job duties.

The base range for this position is $75,000 / yr. - $95,000 / yr. based on experience, plus up to 8% incentives.

Requirements

EDUCATION and / or EXPERIENCE

Bachelor's degree (B.S.) in Finance, Accounting, or a related field, with at least three years of experience in financial reporting, regulatory compliance, or a similar role. Strong proficiency in Excel and reporting tools is strongly desired.

OTHER KNOWLEDGE, SKILLS AND ABILITIES

In-depth knowledge of federal and state regulatory reporting requirements applicable to credit unions and financial institutions.

Strong analytical skills with the ability to interpret complex financial data and generate insightful reports.

Proficient in financial reporting software and tools, with a keen understanding of accounting principles.

Excellent attention to detail and ability to maintain accuracy while working under tight deadlines.

Strong communication skills, both written and verbal, to interact effectively with regulatory agencies and internal teams.

A proactive approach to identifying issues and implementing solutions related to regulatory compliance.

Ability to adapt to a rapidly changing regulatory environment and to foster a culture of compliance within the organization.

Commitment to maintaining a positive workplace culture and promoting respectful and collaborative relationships with all stakeholders.