Director, Financial Reporting and Accounting

Director, Financial Reporting and Accounting

Join to apply for the Director, Financial Reporting and Accounting role at Midland States Bank
.

Position Title: Director, Financial Reporting and Accounting
Location: Champaign, IL
Time Type: Full time
Req : JR1149-

For more than 140 years, Midland States Bank has served customers with dedication and follow‑through, fostering programs that empower our communities and investing continuously in our employees. We innovate and optimize our services to remain unique, providing strength you can count on with heartfelt care.

Compensation: $125,000–$190,000 annually plus bonus, stock awards, healthcare, paid family leave, paid time off, Employee Stock Purchase Plan, 401(k) match, and Non‑Qualified Deferred Compensation. Salary range: $125,000–$190,000 per year.

This position is a key member of the accounting team and the finance group, overseeing internal and external reporting, implementing new accounting policies, monitoring existing policies, and managing accounting operations.

• Manage a team of professionals in a customer‑centric culture.
• Coach, develop, and conduct performance management with direct and indirect reports.
• Identify high‑potential employees for advanced training and development.
• Effectively manage poor performers.

• Support the Chief Accounting Officer in managing external financial reporting, including annual report, quarterly earnings releases, bank regulatory reports, and legal entity regulatory reports.
• Prepare initial drafts of financial statements for Form 10‑Q and Form 10‑K, including footnotes and MD&A.
• Administer and supervise the annual and quarterly preparation process conducted by other accounting personnel.
• Review footnote documentation and MD&A information with the finance team.
• Perform detailed review of quarterly call report and Federal Reserve reports.
• Support financial reporting packages for management, audit committee, and board of directors.
• Address inquiries from internal and external auditors with supporting documentation.
• Plan, organize, and coordinate all activities of the general accounting function to ensure accurate and timely recording of entries.
• Administer and supervise the month‑end close process.
• Ensure accuracy and adequacy of internal control documentation required for enterprise risk management.
• Maintain reconciliations of balance sheet and internal DDA accounts periodically.
• Complete annual goodwill and intangible asset impairment assessments.
• Stay current with new accounting and financial reporting guidance issued by the FASB, SEC and IASB when applicable.

• Occasional travel for training and team meetings; willingness to travel within market as needed.
• May require work in a Midland office to support internal and external customers.
• Maintain compliance with applicable regulations, including the Bank Secrecy Act (BSA).
• Other duties as assigned.

• Bachelor’s degree in accounting.
• 10+ years of experience in financial services or multi‑company organization.
• CPA preferred.
• Over seven years of significant bank accounting experience, including SEC reporting/public company experience.
• Working knowledge of GAAP accounting issues relevant to the banking industry.
• Excellent oral, written, and interpersonal communication skills.
• Excellent organizational and time‑management skills.
• Ability to handle complex problems involving multiple facets and variables in non‑standardized situations.

• Business insight
• Cultivates innovation
• Drives results
• Makes sound decisions
• Brand champion
• Collaborates
• Communicates effectively
• Customer focus
• Authentic
• Emotional intelligence
• Self‑development
• Flexible and adaptable

Midland States Bank is an Equal Opportunity and affirmative action employer. We recruit, employ, train, compensate and promote without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

If you require reasonable accommodation in completing this application, interviewing, completing any pre‑employment testing, or otherwise participating in the employee selection process, please direct your inquiries to Midland States Bank Human Resources at

Midland States Bank may use automated tools and artificial intelligence (“AI”) to assist with recruiting, screening, and hiring decisions. In accordance with the Illinois Human Rights Act (effective January 1, 2026), these tools are designed and monitored to be neutral and job‑related, and must not be used in a way that discriminates against applicants or employees based on any protected characteristic.

THIS JOB DESCRIPTION DOES NOT CONSTITUTE A CONTRACT FOR EMPLOYMENT

• Director

• Full‑time

• Accounting / Auditing and Finance
• Industry: Banking

Referrals increase your chances of interviewing at Midland States Bank by 2x.

Apply BELOW