Hybrid Financial Specialist – Regulatory Reporting

at Advancial Federal Credit Union

• Job title: Financial Specialist – Regulatory Reporting
• Job type: Full Time
• Experience level: Mid level, Senior
• Salary: $75,000 - $95,000 per year
• Degree requirement: Bachelor's Degree
• Location requirements: Hybrid, Dallas, United States

About the role

• Regulatory Reporting Financial Specialist at Advancial responsible for compliance and financial data reporting. Collaborating with departments to generate accurate and timely regulatory reports.

Responsibilities

• 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.

Requirements

• Bachelor's degree (B.S.) in Finance, Accounting, or a related field
• 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
• 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.