Accountant

Job Description

Key Accountabilities
 Maintains the general ledger and prepares monthly, quarterly and annual management
accounts and financial statements in accordance with IFRS, regulatory requirements and
Credit Union policies.
 Prepares and posts monthly journal entries, accruals, prepayments and adjustments, and
coordinates the month-end and year-end close to ensure timely and accurate reporting.
 Prepares the IFRS 9 loan loss provisioning calculation, using delinquency information
supplied by Operations, and the dividend and interest rebate calculations, for review by the
General Manager.
 Prepares financial reports and analysis for Management and the Board of Directors, assists
with the financial statements for the Annual General Meeting, and attends Board or
Committee meetings when required.
 Monitors daily cash and liquidity positions across both branches, prepares cash flow
forecasts and liquidity reports, and maintains investment portfolio records for reporting to the
General Manager and the Investment Committee.
 Reconciles bank accounts, member share and deposit accounts, loan control accounts, inter-
branch accounts and other key balance sheet accounts, and investigates and resolves
discrepancies.
 Reviews cash balancing, vault and teller reconciliations at both branches to ensure
compliance with approved cash handling procedures.
 Maintains the Fixed Asset Register, including depreciation calculations and periodic asset
verification.
 Applies and monitors accounting policies, procedures and internal controls, and reports
control weaknesses or irregularities to the General Manager with recommended corrective
action.
 Assists the General Manager in preparing the annual operating and capital budgets, and
prepares monthly budget variance reports and financial forecasts as required.

 Prepares and submits statutory and regulatory returns, including PAYE, NIS, Health
Surcharge, Green Fund Levy and returns to the Commissioner for Co-operative
Development, by their due dates, and advises the General Manager on changes in accounting
standards and tax requirements.
 Prepares audit schedules, working papers and supporting documents, acts as the main contact
for the external auditors on these, assists with resolving audit recommendations, and keeps
financial records audit-ready at all times.
 Supervises, coaches and evaluates the Accounts Department staff, and ensures the
department follows established policies, procedures and internal controls.
 Complies with CCCU’s bye-laws, policies and procedures and applicable legislation,
including the Co-operative Societies Act, the Financial Intelligence Unit of Trinidad and
Tobago Act, 2009, the Proceeds of Crime Act and the Financial Obligations Regulations,
2010, each as amended; reports suspicious activity to the designated Compliance Officer and
completes AML/CFT training annually.
 Maintains accounting records and documentation securely, in accordance with the Credit
Union’s privacy and confidentiality policies.
 Performs any other duties and responsibilities reasonably assigned by the General Manager,
consistent with the nature and level of the position.

Minimum Job Requirements
 Bachelor’s degree in Accounting, Finance or a related discipline, or ACCA Level 2.
 Minimum of three (3) years’ accounting experience, including at least one (1) year in a
supervisory role.
 ACCA Level 3, CPA or an equivalent professional qualification would be an asset.
 Experience in a credit union or other financial institution, including core banking or credit
union accounting systems and regulatory reporting, would be an asset.

Knowledge, Skills and Abilities
 Sound working knowledge of IFRS, including IFRS 9, and of credit union accounting
processes and internal controls.
 Working knowledge of Trinidad and Tobago statutory filing requirements, the Co-operative
Societies Act and AML/CFT obligations.
 Knowledge and application of the Credit Union’s bye-laws, policies and procedures.
 Strong attention to detail and commitment to accuracy, quality and timely reporting.
 Ability to prepare and review reconciliations, financial statements and financial reports
accurately and on time.
 Strong organisational and planning skills, with the ability to manage multiple priorities and
meet month-end, year-end and statutory deadlines.
 Ability to supervise, coach and develop staff and focus team effort on results.
 Good written, verbal and interpersonal communication skills, including the ability to explain
financial information clearly to staff, Management and the Board.
 Sound judgement, integrity and discretion in handling confidential member and financial
information.
 Advanced proficiency in MS Excel and proficiency in MS Word and MS PowerPoint.