Business and finance computerized accounting

1. Business and financecomputerized accounting Christine Stroh, Computerized Accounting Coastline ROP

2. POWERPOINT OVERVIEW • Purpose of Externship • SchoolsFirst Federal Credit Union • What is a credit union • Background • Interview with Comptroller • Education and Job Description • Job Description • Interview with Human Resource Analyst • Education and Job Description • Organizational Chart • Interview with Human Resource Recruiter • Education and Job Description • Careers with College Degrees: Financial Analyst, Manager Membership Development, Manager Payroll • Careers with High School Diplomas: Accounting Rep, Members Service Rep, Telephone Service Rep • How to Get Hired: the resume, the Interview, tests, and training • Interview with Vice President of Branches • Education and Job Description • Wisdom for my students • Summary--My thoughts • Abilities and skills taught in Accounting class • Employment opportunities after high school graduation • Personal skills required • Thank you

3. Career technology education community collaborative grant • Purpose of Externship • The Career Technology Education Community Collaborative Grant mission is to bring Community Colleges, K-12, ROP and local community business partners together in order to collaborate on career technology education. • To learn about Organization of industry Career and job opportunities How to obtain employment Employer/employee expectations Educational expectations Experience or additional requirements

4. Business partnerSchoolsFirst federal credit union • SchoolsFirst Federal Credit Union • A not-for-profit organization rooted in the credit union philosophy of “People Helping People,” • Built on traditional values of commitment to service, respect for the individual, and fiscal responsibility. • Hold themselves to the highest standard of integrity, professional ethics, cooperation, and team spirit.

5. What is a credit union • Credit unions are not-for-profit financial cooperatives created to encourage savings and provide a source of credit for individuals of limited and moderate means. • Credit unions were founded on the principle of "not for profit, not for charity, but for service." The philosophy of "people helping people" is the cornerstone of our movement. • Credit union Members share ownership of their credit union, and have democratic control (one Member, one vote). They elect from their midst a volunteer Board of Director.

6. What is a credit union • Credit unions, like other financial institutions, are closely regulated. The National Credit Union Share Insurance Fund, administered by the National Credit Union Administration, an agency of the federal government, insures deposits of credit union members at more than 11,000 federal and state-chartered credit unions nationwide. Deposits are insured up to $250,000. • A credit union differs from a bank or savings and loan because it operates as a financial cooperative. Rather than paying stockholders dividends, all credit union excess earnings are passed along to its Members in the form of competitive rates, additional products and services, and lower fees.

7. SchoolsFirstbackground • Founded in 1934 when a group of 126 school employees pooled together $1200 to form a financial cooperative. • Their philosophy • Not for profit, not for charity, but for service • Now serves more than 2000 times the number of members • One of the best capitalized credit unions in the country. • Serves 28 locations throughout Riverside, San Bernardino, Los Angeles, and Orange counties and over 915 Teammembers.

8. Externship Sites Interview With Robin Patino SchoolsFirst Comptroller

9. Robin patino, comptroller • Comptroller since 2004 • Responsibilities include managing the financial department for SchoolsFirst. • Oversees financial reports within the organization and audits conducted from outside public accounting firms • Certified Public Accountant • A certified public accountant is licensed by the state. • In California, you are required to demonstrate knowledge and competence by passing an exam, meeting high educational standards, and you must complete a specified amount of general accounting experience. • Auditor in public accounting firm in Boston • Accountants help to ensure that firms are run efficiently, public records kept accurately, and taxes paid properly and on time. • They analyze and communicate financial information for various entities such as companies, individual clients, and Federal, State, and local governments. • They provide information to clients by preparing, analyzing, and verifying financial documents—many accountants also offer budget analysis, financial and investment planning,

10. Comptroller • Job Description • Basic Function: The comptroller position is accountable for the accounting operations of the company • includes the production of periodic financial reports • maintenance of an adequate system of accounting records and comprehensive set of controls and budgets designed to mitigate risk • enhance the accuracy of the company's reported financial results, and ensure that reported results comply with generally accepted accounting principles or international financial reporting standards.

11. Externship Sites Interview With Matt Weiss Human Resource Analysts

12. MATT WEISS, Human resource analyst • Education • Bachelors degree in Economics from University of California, Santa Cruz • Worked in SchoolsFirst Accounting department for several years • Job Description • Performs professional analysis in recruiting and testing, classification, compensation, and other areas of human resources management • Gathers, evaluates, and analyzes a wide variety of data and information; and performs related duties as required.

13. SchoolsFirst ORGANIZATIONAL CHART

14. Externship Sites Interview With Kerry Sipkovich Human Resource Recruiter

15. KERRY SIPKOVICH, Human resource RECRUITER • Background • Degree in Psychology • Worked in London for several years in a employment recruiting office • Job description • Develop and execute recruiting plans. • Network through industry contacts, association memberships, trade groups and employees • Coordinate and implement college recruiting initiatives. • Main job is to match the right candidate with the right position

16. Careers requiring a college degree • Financial Analyst • Analyzes and interprets financial data to help the CFO and senior management • Responsible for monthly reports related to loans • Participates in formulating projected income and expense budgets • Prepares various statistical and financial reports • Education/Experience • College degree in Finance or Accounting • Work experience—2-4 years

17. Careers requiring a college degree • Manager, Membership Development • Oversees daily operational goals to ensure properly allocated resources result in high quality service and maximum productivity. • Manages employees by establishing annual performance goals, allocating resources, assessing annual performance and determining individual merit, and/or promotional increases. • Responds to telephone and written inquiries, researches problems, and provides information to requesting party. Assists employees with Member service conflicts and written correspondence. • Education/Experience • Bachelor's Degree preferred • Work experience--3-5 years and knowledge of educational community preferred.

18. Careers requiring a college degree • Manager, Payroll Services • Oversees daily operational goals to ensure properly allocated resources result in high quality service and maximum productivity. • Manages employees by establishing annual performance goals, allocating resources, assessing annual performance and determining individual merit, and/or promotional increases. • Responds to telephone and written inquiries, researches problems, and provides information to requesting party. Assists employees with Member service conflicts and written correspondence. • Education and Experience • Bachelor's Degree preferred • Work experience--3-5 years and knowledge of educational community preferred.

19. Careers for high school+ graduates • Accounting Representative I • Maintain and reconcile general ledger accounts • Accounts Payable—codes invoices and vouchers • Processes stop payments and cash orders • Maintain records of fixed assets and wire transfers • Balance daily teller cash • Education and Experience • High school diploma • Work experience—1-2 years or some college (Associate Degree)

20. Careers for high school+ graduates • Member Service Representative I • Process member transactions efficiently and accurately with personal care • Performs various file maintenance including processing requests for change of address, check orders, ordering ATM, etc. • Maintains confidentiality of credit union and member records. • Education and Experience • High school diploma • Work experience—0-6 months

21. Careers for high school+ graduates • Telephone Service Representative • Processes member transactions, provides product and service information over the phone. • Informs member of credit union promotions and/or new products and services • Indentifies and corrects member account problems through research and follow-up • Education and Experience • High school diploma • Work experience—1-2 years or some college (Associate Degree)

22. How to Get Hired: the resume, The Interview, tests, and training • The Resume • Keep to one page • No spelling or grammar errors • Be specific; review the job description and address company needs • The Interview • Dress professionally • Practice with friends and family • Be prepared to respond to situational questions such as: • “What would you do if . . . ” • “How would you handle a customer if . . . “ (Continue on next Page)

23. How to Get Hired: the resume, The Interview, tests, and training (continued) • Tests • Basics tests in English, Grammar, Math • Personality tests to see what job you would be suited for • Training • Member Service Representative attend an eight day training to learn the following • How to navigate through the online system • Basics of handling cash • Customer service procedures • Telephone service • Training in specific areas are conducted offsite

24. Externship Sites Interview With Susie Silk Vice President, Branches

25. Susie silk, vice president, branches • Education • Started working at SchoolsFirst after high school • Attended Community College majoring in Business • Attended Chapman University and earned a degree in Business • Throughout the years, SchoolsFirst continued to promote her with the organization. • Currently Vice President in charge of half of the 35 branches • Job Description • Responsible for leading a credit union branch. • Ensure branch staff is providing quality service to members in all areas of branch operations. • Identifying and developing talented employees to become future leaders within the organization. • Provide constant feedback to employees about their performance.  • Supervise Branch Employees • Create and execute the branch business plan. • Sell products and services to members.

26. Wisdom for my students Information Gathered During Externship

27. My thoughts Summary This was a great experience. What I learned confirmed what I was doing in the classroom. I became excited about telling my students that a career in finance is so worthwhile. Able to stress the importance of communication and teamwork because it is so very important. There are many jobs my students can apply for right out of high school with the right training. The more education you have, the better the position, but you can also grow from within. Lifelong learning is vital in the work environment. Technology is essential in today’s workplace. Especially in Microsoft Word and Excel. Employers are looking for people who are able to think critically. I formed a partnership with the people I spent time with and will have them as guest speakers in my classroom.

28. Abilities and skills taught in Accounting class • Necessary skills for a career in finance • A basic understanding of accounting cycle is essential in securing a job in finance • Knowledge of general ledger transactions • Understanding of financial statements • Ability to communicate effectively • To explain financial reporting to managers in written and verbal communication • To work in a team environment • To communicate complicated financial information to customers

29. Employment opportunitiesafter high school graduation • The following jobs require a high school diploma and a few years experience with training in handling cash and customer service • Accounting Representative 1 • Member Service Representative I • Telephone Representative

30. Personal skills required • Ability to work in teams • Communication skills • Ability to solve problems • Critical thinking skills • Ability to work with customers • Knowledge of sales techniques in order to introduce customers to new products • Ability to navigate through technology and to assist customers in their technology needs • Knowledge in basic financial areas covered in a credit union.

31. THANK YOU!!! • Robin Pantino • Matt Weiss • Kerry Sipkovich • Susie Silk For the time you took to teach me about credit unions and careers my students may explore.