Accounting & Financial Reporting Manager

Versa Bank is a North American bank, federally chartered in Canada and the United States through its wholly owned subsidiary, Versa Bank USA National Association. Operating with a branchless, business-to-business model, Versa Bank uses proprietary, leading-edge technology to address underserved segments of the financial industry with exceptional efficiency and a strong focus on risk mitigation.

Versa Bank obtains the majority of its deposits and conducts most of its lending electronically through financial intermediary partners. This model provides significant operating leverage, enabling exceptional efficiency and returns on common equity. In 2024, Versa Bank launched its Structured Receivable Program funding solution for point-of-sale finance companies, which has been highly successful in Canada for over 15 years, to the US market, bringing an innovative funding solution to this sector.

Versa Bank's common shares trade on Nasdaq and the Toronto Stock Exchange under the symbol VBNK. For more information on Versa Bank, please visit our website at

We are looking for an Accounting & Financial Reporting Manager to join our team. In this role, you will be responsible for the US GAAP accounting and consolidated financial reporting function of Versa Bank while ensuring compliance with US GAAP, SEC reporting requirements, applicable banking regulations, and internal control standards. You will work in direct partnership with management, regulators, and external auditors.

In addition, you will champion continuous improvement by leveraging technology, automation and process enhancements to improve efficiency, strengthen internal controls, and enhance the efficiency of financial reporting without sacrificing accuracy.

• Lead preparation and review of monthly, quarterly, and annual consolidated financial statements (SEC and other Regulators) including disclosures.
• Lead preparation of the Consolidated US GAAP Statement of Cash Flows.
• Review journal entries, balance sheet reconciliations and supporting schedules prepared by accounting staff.
• Develop, maintain and document US GAAP accounting policies and accounting position papers.
• Coordinate with external auditors and regulators and serve as the primary US GAAP accounting contact during audits and examinations.
• Develop, document and maintain SOX 404 internal controls over financial reporting, including process narratives, control matrices, risk assessments and remediation plans.
• Utilize Sage ERP to develop financial reports, validate accounting data and improve reporting capabilities.
• Promote a culture of continuous improvement by challenging existing processes, identifying opportunities for automation and standardization, and implementing solutions that improve efficiency while maintaining the highest standards of accuracy, governance and regulatory compliance.
• Mentor, coach and develop team members.

• Bachelor's degree in Accounting, Finance or related field.
• 6–10 years of progressive accounting experience with financial institutions or publicly traded companies.
• Strong knowledge of US GAAP and SEC financial reporting requirements.
• Experience preparing US GAAP Statements of Cash Flows for an international company preferred.
• Experience supporting Bank Holding Company reporting preferred.
• Advanced Microsoft Excel skills.
• Excellent analytical, organizational and problem-solving skills.
• Strong written and verbal communication skills.
• Ability to manage multiple priorities while maintaining exceptional attention to detail.

Please note this list is not designed to cover or contain a comprehensive list of activities, duties, or responsibilities that are required for this job. Duties, responsibilities, and activities may change at any time with or without notice.

This position will be based at Versa Bank’s Minneapolis, Minnesota office location.

We offer excellent career advancement opportunities, an informal, positive work environment, and a very competitive compensation package including medical, vision and dental coverage, and life, AD&D and disability insurance. Versa Bank USA employees also enjoy participation in a 401(k)…