Description

Since 1936 PenAir® Credit Union has been the catalyst where community, resources, and impact come together and produce a powerful force for good. We have a unique culture and we're passionate about it. Grown from the values we hold most dear, three guiding principles shape how we see the people we serve, the community around us, and our role within it. These guiding principles are Respect, Service, and Communerosity® and they're woven throughout our culture.

PenAir is where people and community, resources and expertise align with your values to create real impact. Generational impact through strong financial education and support. We care about the things you care about. As the largest and oldest credit union in Pensacola, Florida, with more than $2.5 billion in assets, our purpose is to enhance the lives of those we serve in the Florida Panhandle, Southern Alabama, and Virginia.

Careers
Do you have a passion for helping others?
Currently, PenAir provides access to 12 convenient locations in Baldwin County, AL and Escambia and Santa Rosa Counties in Florida. Join us and become a powerful force for good - after all we live, work, and play here too. 

Join the team. You'll fit right in.
Take control of your future by mapping out a career at PenAir. Working with us means you can shape your professional experience to suit your dreams. We offer valuable resources that provide you the opportunity to build upon and strengthen your skills. Whether it be a career path in advising our members directly on products and services, guiding them through major purchase decisions on a home or vehicle, or even helping build the technology and processes behind the scenes, there is a place for everyone at Pen Air! Success looks different for everyone. Where will your journey take you? 

The PenAir difference.
Just like we strive to be a force for good at work, Pen Air works just as hard to supply employees with a total rewards package that includes competitive salaries and meaningful benefits. 

Holistic Amenities:

Benefits Package Highlights:

The starting wage for this role is $27.07 per hour.

About the role:

The Subsidiary Accountant I is responsible for the full spectrum of accounting operations for the organization's subsidiary companies. This includes accounts payable, accounts receivable, journal entries, expense reports, reconciliations, and financial reporting. The Subsidiary Accountant I will report to the AVP of Subsidiaries & Financial Systems and play a key role as the organization strategically expands its subsidiary portfolio.

Major Duties and Responsibilities:

• Technical Research
  • Conduct research, interpret, analyze, and summarize technical literature to provide recommendations communicated effectively to the appropriate audience. 
  • Stay informed about changes in accounting standards, regulations, legislation, and best practices, and effectively summarize and communicate their impact to relevant stakeholders.
• Financial Analysis 
  • Conduct analysis of the general ledger to ensure accuracy, communicating any discrepancies promptly and updating records diligently. 
  • Assist in maintaining and balancing weekly and monthly General Ledger accounts, facilitating timely corrections and updates.
  • Conduct thorough trend and variance analysis to extract insights from financial data, while interpreting and explaining variances.
• Operations & Reporting 
  • Consistently accomplish all assigned daily, weekly, and monthly tasks with precision. This includes executing journal entries, conducting reconciliations, and generating financial and management reports accurately and promptly. 
  • Assist in the execution of monthly, quarterly, and annual close processes and reporting, ensuring accuracy, completeness, and timeliness. 
  • Manage all operational accounting functions for subsidiary entities, including A/R, A/P, journal entries, and expense reports. 
  • Perform monthly, quarterly, and annual close processes for subsidiaries. 
  • Consolidate subsidiary financials into parent company statements, ensuring accuracy and compliance with GAAP. 
• Special Projects 
  • Successfully and promptly complete intermediate to advance level projects, ensuring adherence to accounting standards, accurate financial reporting, and thorough documentation. 
  • Routinely update required stakeholders on progress, keeping them abreast of updates and key milestones. 
  • Perform ad-hoc projects as assigned by management and leadership. 
• Communications/Presentations
  •  Collaborate with internal teams to ensure seamless integration of new subsidiaries. 
  • Collaborate with stakeholders at all levels, fostering relationships to contribute to organizational cohesion and success. 
  • Craft technical memos, process flows, and presentations adeptly to convey financial results, analyses, and recommendations to stakeholders. Tailor communication to suit the audience, ensuring clarity and relevance in conveying complex financial information. 
• Audits 
  • Thoroughly gather the requisite supporting documentation for audit requests and assist in resolving audit inquiries identified by both internal and external auditors.
• Performs other job-related duties as assigned.

Minimum Qualifications:

• Experience
  • Three years to five years of similar or related experience, including preparatory experience.
• Education/Certifications/Licenses
  • Required: Bachelor's degree in accounting, finance, or related field Preferred: Advanced degree in accounting, finance, or related field and/or Certified Public Accountant (CPA) or Certified Management Accountant (CMA) license.
• Interpersonal Skills
  • A significant level of trust, credibility and diplomacy is required. In-depth dialogue, conversations and explanations with customers, direct and indirect reports and outside vendors can be of a sensitive and/or highly confidential nature. Communications may involve motivating, influencing, educating and/or advising others on matters of significance. Typically, includes subject matter experts as well as first level to middle managers.

Other Skills:

• Strong knowledge and experience in interpreting and applying Generally Accepted Accounting Principles (GAAP) and Financial Accounting Standards Board's (FASB) Accounting Standard Codification (ASC). 
• Strong critical thinking and analytical skills in interpreting complex financial data and drawing conclusions with the ability to make independent decisions and communicate recommendations in an effective manner. 
• Professional verbal and written communication skills. • Proficient in prioritizing tasks, communicating expectations, resolving conflicting requests, while utilizing interpersonal skills to maintain effective working relationships. 
• Proficient in Microsoft Office applications, including, but not limited to Excel, Word, PowerPoint, Teams, and Outlook. 
• Prior experience with Workday is preferred.

This Job Description is not a complete statement of all duties and responsibilities comprising the position.

All qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, religion, national origin, disability, veteran status, age, marital status, pregnancy, genetic information, or other legally protected status

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