VP Director of Accounting

Purpose:

The Vice President of Accounting (the “VP of accounting”) is responsible for ensuring Fin Wise books and records capture all activities and transactions of the Bank accurately, timely and adequately supporting the management and reporting needs of the organization. The VP oversees the accounting and regulatory reporting functions of the Bank. This includes all transactions and activities captured in the financial books and records, the general ledger account reconciliations, and key accounting estimates.

In addition, the VP of Accounting is responsible for coordinating with the Bank’s consultant and ensuring the accurate recording of all tax impacts

The VP of Accounting supports the CAO in preparing the annual and quarterly SEC financial filings and other reports for the Board of Directors, oversees preparation of the quarterly Call Reports as well as other regulatory reports due to the Federal Reserve. Ensures timely and accurate financial information is provided to both internal and external stakeholders.

The specific tasks which the VP of Accounting performs or oversees the performance of includes:

Tasks:

Managing the Accounting team in performing their duties.

Ensuring the books and records are maintained in accordance with US generally accepted accounting principles and regulatory accounting guidelines.

Timely closing of the books and records each month including analysis of variances from prior periods and expectations, and identifies and reports unusual or unexpected activity to the CAO and CFO.Estimating the allowance for credit losses with Credit.

Responsible for the tax accrual and monitoring the work performed by the selected third-party tax advisor.

Oversees and maintains revenue recognition practices and policies throughout the Bank.

Preparing the Call Report and financial reports submitted to the Federal Reserve.

Guiding financial decisions by establishing, monitoring, and enforcing policies and procedures.

Protecting assets and helping ensure all transactions are captured and reflected accurately in the accounting records by establishing, monitoring, and ensuring compliance with internal controls over financial reporting.

Supporting the annual financial statements audit and quarterly reviews, by providing and coordinating the provision of financial information to the independent public accountant.

Preparing special reports by collecting, analyzing, and summarizing information and trends.

Complying with federal, state, and local legal requirements by studying existing and new legislation and advising management on needed actions.

Providing effective supervision by planning work, coaching, counseling, disciplining employees, and appraising performance.

Protects operations by keeping financial information and plans confidential.

Knowledge, Skills, and Abilities:

US GAAP and regulatory accounting guidance typical of banks and financial institutions.

Regulatory financial reporting requirements.

Use of the general ledger to support management needs and SEC and regulatory reporting requirements.

Knowledge and skill in managing accounting processes.

Knowledge of accounting and financial software.

Proficient in using financial software.

Ability to develop accounting and internal control standards.

Skill in auditing.

Knowledge of corporate finance.

Skill in tracking budget expenses.

Skill in analyzing information.

Skill in performance management.

Strong verbal and written communication skills.

Required Education / Experience / License:

Bachelor’s degree in accounting, finance, or related field from an accredited college or university.
10 or more years of accounting experience.

Management experience.

Preferred Education /Experience / License:

CPA and/or advanced degree.

Proficiency in Microsoft Office (Word, Excel, PowerPoint).Strong interpersonal and analytical skills.

Minimum Essential Requirements:

Sit or stand at a computer for extended periods of time and look at a computer screen for several hours a day.

Work at an assigned Fin Wise office location.

Communicate with others in person, on the phone, virtual meeting, and email.

Maintain confidentiality.

Lift 20 lbs.

Maintain regular and punctual attendance.

Work…