Assistant Controller

Position Summary:

The Assistant Controller plays a critical leadership role within the Finance organization, supporting the Controller in overseeing the bank’s accounting operations, and control environment and to a lesser degree financial reporting and regulatory compliance. This role is responsible for ensuring accurate, timely, and GAAP-compliant financial statements while managing accounting areas specific to the banking industry, including loan accounting, allowance for credit losses, derivatives, investment securities, and reporting results to the parent company.

On occasion, this role may include taking on certain responsibilities within the reporting team and work on certain deliverables related to regulatory filings, deliverables for the parent company and segments of the annual financial statements.

The Assistant Controller will also provide leadership and guidance to accounting team members and assist with process improvements to strengthen efficiency and effectiveness across the accounting functions.

Key Responsibilities:

Financial Close Process & Accounting Operations

• Lead and manage the monthly, quarterly, and annual financial close processes, ensuring accuracy, completeness, and timeliness
• Manage day-to-day accounting operations, including general ledger, accounts payable, fixed assets, accruals, prepaids, and reconciliations.
• Review and approve journal entries, account reconciliations, and financial analyses prepared by the accounting team
• Support the preparation and review of financial disclosures, in conjunction with other team members, for the parent company (SEC) regulatory filings, board materials, and internal management reporting
• Oversee the activities of the disbursement department, ensuring the accurate and timely processing of accounts payable, core employee expense reports, and cash movement and control,
• Assistance and participation in the preparation of the budget and financial forecasts and reporting on and understanding variances.

Banking-Specific Accounting & Technical Oversight

• Oversee accounting for loans, deposits, allowances for credit losses (CECL), investments, derivatives, equity method investments, and fair value measurements
• Serve as a technical resource on accounting matters and work with the others in the department as well as the parent company, as needed, assist with the evaluation and documentation of accounting conclusions for new products, transactions, and accounting standard changes (ASC updates)
• Monitor emerging accounting guidance and assess impacts on the bank’s financial information, general ledger and internal controls