Assistant Controller

Overview

This role involves serving as the Assistant Controller for a community bank, overseeing daily accounting activities and ensuring financial statements comply with Generally Accepted Accounting Principles (GAAP) and regulatory requirements. The position includes managing and supervising accounting staff, providing escalation support, and driving process improvements to enhance efficiency and accuracy. Independent judgment is required for complex accounting issues and partner program agreements. The role requires working a standard Pacific Time Zone schedule, including occasional late days or evenings.

Responsibilities

• Ensure all daily accounting activities and financial statement data comply with GAAP and regulatory agency requirements.
• Manage and supervise assigned staff, providing guidance and escalation support.
• Review and approve staff accounting entries for accuracy and completeness.
• Assist with accounting systems implementation, including software for general ledger, travel and expense, reconciliation tools, accounts payable, and others as needed.
• Participate in the review, interpretation, and clarification of technical accounting issues such as leases, taxes, income and expense recognition, and cutoff.
• Develop streamlined processes for accounting entries, including allocations between company segments, branches, and partners.
• Supervise specific areas including daily cash position, CD investments, security investments, fixed assets and prepaids, accounts payable, monthly certification of general ledger, borrowings, leases, payroll, and stock equity award accounting.
• Oversee daily accounting processes such as journal entries, intercompany clearing, posting callbacks, and monitoring daily balance sheet and income statement activity.
• Supervise month-end close process and general ledger personnel.
• Prepare or supervise preparation of regulatory reporting including FR2900, Reg W, FHLB or other collateral safekeeping and audits, and assist with Call Report or FR Y-9 reporting.
• Provide accounting assistance to business partners throughout the company.
• Perform monthly analysis of revenue, expense, and actual/budget variances, identifying reasons for differences.
• Assist with preparation of financial schedules for internal auditors, external auditors, and regulators.
• Prepare or supervise preparation of state and local taxes and the monthly and quarterly income tax provision.
• Assist with preparation of quarterly federal tax payments and corporate tax returns.
• Ensure department compliance with internal policies, procedures, and regulatory rules.
• Establish and maintain working relationships with internal and external teams.
• Develop and implement efficient accounting policies, procedures, and best practices.
• Own, maintain, and oversee department procedures, recommending process improvements to management.

Qualifications

• Proven ability to manage and supervise staff, ensuring accountability and performance.
• Excellent analytical, problem-solving, and organizational skills.
• Ability to manage multiple priorities and deliver results in a fast-paced environment.
• Certified Public Accountant (CPA) preferred.
• Advanced skills in Microsoft Excel and proficiency with Microsoft Office Suite.
• Prioritizing and multitasking skills in a demanding environment.
• Previous banking experience preferred.
• Experience with Oracle ERP and Fusion General Ledger preferred.

Education and Experience

• Bachelor’s degree in Accounting, Finance, or a related field, or an equivalent combination of education and relevant experience.
• Minimum of 7 years of relevant accounting experience, including experience with accounting in a bank.
• At least 3 years of supervisory experience managing staff and providing escalation support.
• Strong knowledge of accounting principles, GAAP, and regulatory requirements.

Compensation and Benefits

• Salary range: $141,462 - $169,755.
• Medical coverage with multiple plan options.
• Health Savings Account (HSA) with employer contributions for eligible plans.
• Flexible Spending Accounts (FSA) for healthcare and dependent care expenses.
• Dental and vision insurance plans.
• Company-paid basic life insurance with options to purchase additional coverage.
• Long-term and short-term disability income protection.
• Supplemental benefits including hospital indemnity, accident insurance, and critical illness coverage.
• 401(k) retirement plan with company matching.
• Generous paid time off including vacation, sick leave, and 11 paid holidays annually.

Physical Demands

• Ability to sit or stand for extended periods.
• Perform repetitive finger, hand, and arm movements.
• Use electronic office equipment such as computer keyboard, mouse, ten key, and telephone.
• View and read computer screens for extended periods.
• Occasionally stoop, kneel, crouch, or crawl.
• Occasionally lift or move up to 10 pounds.

Additional Information

This job description is not exhaustive and may be updated or changed at any time without notice. The role requires discretion, independent judgment, and the ability to adapt to changing priorities and processes.

Location

• Must work a standard Pacific Time Zone schedule, including occasional late days or evenings in the Pacific time zone.