Controller, Finance & Banking, Financial Compliance

Description

Headquartered on the Outer Cape in Provincetown, Massachusetts and with approximately $500M in assets, Seamen’s Bank just celebrated its 175th birthday. While we honor our past that is rich with history and success, we now look to our future with confidence and ambition.

Seamen’s Bank is currently seeking an experienced financial professional for the position of Controller.

The Controller is responsible for managing the Bank’s accounting and financial reporting functions. This role ensures accurate financial records, effective internal controls, compliance with regulatory requirements, and timely reporting to management, auditors, and regulators. The Controller supports the President/CEO in driving financial discipline, process efficiency, and risk management across the organization.

This strategic role is specifically structured for upward mobility, with the explicit intention for the successful candidate to develop and ultimately hold the responsibilities of the Treasurer and the Asset/Liability Management Committee (ALCO).

Oversees Accounting staff, Accounts Payable, Financial Reporting.

• Oversee the preparation of monthly, quarterly, and annual financial statements in accordance with GAAP and regulatory standards.
• Ensure the accuracy, integrity, and timeliness of the Bank’s general ledger and financial reporting processes.
• Prepare Board and management financial reports, providing analysis and commentary on performance.
• Prepare regulatory filings, including Call Reports and other required submissions.

• Maintain a strong internal control environment to safeguard assets while ensuring compliance with accounting standards and banking regulations in order to mitigate risk.
• Coordinate internal and external audits, ensuring timely and accurate responses.
• Implement, monitor, and enforce accounting policies and procedures consistent with regulatory expectations and best practices.

• Support the President/CEO in the preparation of annual budgets and forecasts.
• Monitor performance against budget, providing variance analysis and recommendations.

• Provide financial data and analysis to support ALCO activities including Interest rate Risk Modeling and Liquidity/Cash Source and Use Modeling.
• Assist in liquidity modeling, funding, and investment portfolio reporting as needed.
• Cash and liquidity, investment portfolio, and risk management with proficiency.
• With progression, serve as ALCO chair and financial decision maker in cooperation with President/CEO.

• Asset/Liability Committee
• IT Steering Committee
• Senior Management Committee (as needed)

• Lead and mentor accounting staff, fostering a culture of accuracy, accountability, and professional development.
• Streamline processes and leverage technology to improve efficiency and effectiveness within the accounting function.

This job description is not intended to be all-inclusive. Priorities can quickly shift, depending on the needs to the Bank. Candidates should have a high tolerance for pressurized situations and thrive in a fast-past environment that is both challenging and rewarding.

Requirements

• Bachelor’s degree in Accounting, Finance, or related field required; 5+ years of progressive accounting/finance experience, with at least 3+ years in banking or financial services.
• Experience in community banking, regulatory reporting, and financial controls preferred.
• Must have valid US driver’s license and access to reliable transportation.

• Strong knowledge of GAAP, banking regulations, and regulatory reporting…