Career Opportunities | Southern Maine Credit Union - Trademark FCU
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Career Opportunities

 

VOLUNTEER OPPORTUNITY

SUPERVISORY COMMITTEE JOB DESCRIPTION

The job of the Supervisory Committee is to make sure that policies are established according to law and carried out faithfully.

Primary Responsibilities

  • Make sure the Credit Union maintains its sound financial condition
  • Ensure the internal controls necessary for operating the credit union’s business are in place
  • Ensure that financial reporting objectives have been met
  • Ensure that practices and procedures safeguard Member assets

Necessary Knowledge and Skills

  • Understand the Credit Union philosophy and the desire to better the financial lives of Members
  • Able to understand basic financial statements, additional training will be provided
  • Able to understand auditing procedures and internal controls
  • Have a knowledge of accounting

Specific Responsibilities

  • Make sure the Credit Union adheres to pertinent laws, regulations, and sound business practices
  • Make sure the Credit Union maintains sound financial conditions and that the Credit Union’s assets are protected against unauthorized or illegal acts
  • Hire and work with external auditors
  • Attend monthly Board meetings or review Board minutes
  • Complete the annual audits
  • Review internal controls
  • Conduct a verification of Member accounts
  • Work with internal auditor on at least a quarterly basis
  • Review examination and audit findings and follow up to ensure corrective action is taken
  • Research Member complaints
  • Review policies and ensure policies are implemented

Come be a part of our team!