Controller, Finance & Banking, Chief Financial Officer (CFO)

POSITION

DESCRIPTION:

The Controller is responsible for directing and coordinating all financial accounting of the Bank. Responsibilities include maintaining all accounting systems within the organization to accurately reflect the financial position of the Bank. The incumbent is responsible for accurately recording, and reporting, all financial transactions in accordance with accepted accounting principles and in compliance with applicable laws and regulations. Working with Executive Management and Director of FP&A, the Controller assists in developing the Bank’s annual operating and capital budgets in alignment with the Bank’s strategic plan.

The incumbent is responsible for monitoring department policies and maintain accurate procedures. Additionally, the Controller works with the CFO to create, establish, and implement major departmental goals and objectives. The Controller is the main point of contact for the department internal and external audits, and is responsible to keeping, organizing, and delivering all necessary information. The incumbent serves as the financial liaison to other departments throughout the organization ensuring that all accounting activities are supported and in accordance with established legal, regulatory and board approved policy.

Assigns, directs, and appraises finance staff in an effort to maximize development and productivity.

The position will participate in the development and implementation of Bank objectives and strategies to sustain the bank’s financial condition. These objectives center around maintaining profitable growth as it correlates to the Bank’s annual budget and the Strategic Action Plan. Additionally, the Officer will assess and set department priorities as well as ensure that policies and procedures of the Bank comply with established risk parameters and appropriate laws and regulations.

Serves as a member of Leadership Committee. In this capacity, incumbent participates in all aspects of the leading the Bank and has shared responsibility and accountability for the safety and soundness of the Bank. Assessment factors for the Leadership Team include performance relative to the Bank’s Annual Budget and longer-term Strategic Plan, as well as applicable peer groups. Applicable audit results as well as regulatory ratings for safety & soundness (CAMELS) and compliance also figure prominently.

• In conjunction with the CFO, participates in strategic planning and is instrumental in execution of related goals and objectives. Provides leadership to accounting personnel through training and effective delegation. Responsible for developing and continuous improvement for the entire finance team. Appropriately sets challenging goal and ensures quality communication. Responsible for developing back up and succession planning for the department and conducts performance appraisals as assigned.
• Assists with coordinating and developing the Banks annual operating and capital budgets. Solicits information from all operating departments for that purpose.
• Serves various role within the Bank’s Management Committee structure. Participates in Management ALCO and presents at Board level Investment ALCO committee quarterly.
• Manages all the activities of the accounting function, which includes daily general ledger processing, daily reconciliation of all core processing applications, and reconciliation of correspondent bank accounts, investment ledgers, borrowings, fixed assets, prepaid assets, accrued liabilities and accounts payable.
• Oversees all investment accounting activities, which includes accounting for new purchases, sales, maturities, principal payments, and monthly income accruals.
• Oversees all accounts payable activities, ensuring that expenses are properly approved, recorded, and completed on a timely basis. Enacts sounds controls and procedures to mitigate risks, which include fraud risk, errors and over payments, tax errors etc.
• Oversees the timely preparation of daily, monthly, annual and other periodic financial statements and reports required for use by the Board of Directors and Leadership Committee. Ensures…