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Corporate Controller
$265k-369k (estimate)
Full Time | Banking 1 Month Ago
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Meriwest Credit Union is Hiring a Corporate Controller Near San Jose, CA

 
 
 
 

Corporate Controller

Accounting Department

Position Summary

The Corporate Controller directs the establishment and maintenance of the organization’s accounting principles, practices, controls and procedures for the maintenance of its fiscal records, the preparation and audit of financial reports related to all consolidated entities and the preparation of regulatory reports. Directs payroll, pension accounting, accounting and reporting of participation loans, accounts payable functions. Directs CECL loan loss reserve accounting and forecasting. The Corporate Controller will also be responsible for assisting the VP with the development of internal control policies, procedures, and financial planning as needed.

Essential Duties and Responsibilities

  • General accounting operation - Manage all aspects of accounting; billing, financial statements, general ledger, cost accounting, payroll, accounts payable, accounts receivable, ATM balancing, budgeting, tax compliance, inventory accounting, cost accounting, revenue recognition, and various special analyses. 
  • Responsible for organized and accurate monthly closing of accounting records of all consolidated entities. 
  • Responsible for all accrual entries including loan loss allowances and pension liability.
  • Reviews the status of cash and all other balance sheet reconciliations periodically as assigned and direct research/corrections necessary. Coordinates preparation of annual corporate tax returns. 
  • Financial accounting and reporting - Directs the development and monthly review of financial records utilized for input into financial statements, to assure accurate and timely financial information is provided to management and the Board of Directors. 
  • Responsible for financial statement preparation and related audits of retirement benefit plans.. Prepares and/or oversees the production of various monthly, quarterly and annual reports including Quarterly Call Reports. Responsible for preparations and responses to questions related to the annual independent audit. 
  • Collaborates with auditors/examiners on various comprehensive audits and strives for clean audit results.
  • Responsible for promoting a strong internal control structure within the company. Responsible for formulating and promoting strong accounting policies and conformity with GAAP. 
  • Promotes all aspects of Accounting department and other department projects and allocates financial and talent resources appropriately. 
  • Reviews operational procedures to obtain optimum efficiency and reduced costs. 
  • Manages and trains direct reports to maximize productivity, efficiency, and the potential of the human assets of the department, including: hiring, directing job assignments, monitoring staff performance, coaching, counseling, training, assuring compliance with regulatory requirements, and organizational mission, values, policies, and work rules. Appraises performance and provides recommendations for staff compensation, promotion, and termination, as appropriate.
  • Responsible for accurate allowance for loan loss calculations and forecasts. Reviews reports and analysis provided to the Loss Mitigation Committee. Responsible for allowance projection for the annual budget.
  • Responsible for accurate and timely payroll preparation. Prepares salaries, payroll taxes, insurance costs to incorporate into the annual budget and provides general support the company budgeting process. Prepares and manages the Accounting Department budget.

Must comply with all company policies and procedures, applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.

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

Minimum Qualifications

  • Minimum of 7 years of accounting and financial management experience, with at least 3 years in a managerial role, preferably in the banking or credit union sector.
  • Proven ability to manage a team in a fast-paced environment and lead process improvement initiatives.
  • A bachelor’s degree in accounting, Finance, Economics with relevant prior work experience. A CPA or MBA is strongly preferred.
  • Advanced knowledge with accounting software and Microsoft Excel required. 
  • Knowledge of GAAP, applicable State and Federal regulations, with primary emphasis on accounting for loan losses.
  • Knowledge of tax regulations and related activities.

Do you want to be valued as an employee?

Employees are Meriwest’s most valuable resource. We provide competitive wages and a supportive environment that promotes career advancement. Meriwest utilizes a grading system to determine salary ranges for all positions. Each grade is assigned a salary range which consists of a minimum, midpoint, and maximum rate. The Corporate Controller position is a Grade 16. 

  • Salary Range: $175,349.25 to $244,236.45
  • Target Range: $175,349.25 to $219,186.56

*The target range for entry in a new position is between the minimum and midpoint of the range, depending on experience and qualifications.

We also offer an excellent, fully comprehensive benefits program, including:

  • Medical/Dental/Vision on the first day of employment for full-time employees
  • Free Long Term Care Insurance for employees
  • Tuition Reimbursement/Student Loan Repayment Plan
  • Pension Plan/401K
  • Bonus and incentive potential
  • Generous Paid Time Off (PTO)/Holiday program
  • Career growth support and planning programs
  • In-house fitness center
  • Discounts on new Mortgage after 6 months of employment

Meriwest is an equal opportunity employer that is committed to inclusion and diversity. All qualified applicants will receive consideration for employment. We do not discriminate based upon race, religion, color, national origin, sex (including pregnancy, childbirth, reproductive health decisions, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, genetic information, political views or activity, or other applicable legally protected characteristics.

Job Summary

JOB TYPE

Full Time

INDUSTRY

Banking

SALARY

$265k-369k (estimate)

POST DATE

04/15/2024

EXPIRATION DATE

07/17/2024

WEBSITE

meriwest.com

HEADQUARTERS

SAN JOSE, CA

SIZE

200 - 500

FOUNDED

1961

CEO

JOHN SOUZA

REVENUE

$50M - $200M

INDUSTRY

Banking

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About Meriwest Credit Union

Meriwest Credit Union delivers financial value to individuals and small businesses in the Greater Bay Area of California and Tucson, AZ. We provide to those who are seeking above market rates on deposits, low loan rates, lower fees, product options and an experience that makes you feel confident about your decision to do business with us. If you need a reference, just ask our members! More than one-third of our new members are referred from members who consistently rate us high in service and have rated the interaction with our employees as their greatest source of satisfaction. Meriwest membe ... rs enjoy the security of banking with an organization that's established, financially sound and has a strong local heritage. Our 1st Time Home Buyers Assistance program allows home buyers the opportunity to find their perfect first home. With online approvals in just a short time, they enjoy the peace of mind of knowing exactly what they can afford and have been approved for. Meriwest's FLOW account helps teens and young adults manage money through an individual experience. Meriwest's Business Banking brings a personalized banking experience to local small businesses through benefits scarcely offered such as: Free business checking Premier business interest checking CRE and Commercial Loans Meriwest offers the convenience and comfort of banking where you will always receive a welcoming experience. Our members enjoy banking at financial centers that feel more like home as we feature: Complimentary Peet's coffee No teller lines Financial news and offers Access to a cybercaf Mobile Banking Because Meriwest is networked with other credit unions you can conduct your transactions at a location convenient to you. Or if you prefer, you can use our Online or Mobile banking services for anytime account access. All good reasons to break free from your bank and join the move to Meriwest. Find a Financial Center: www.meriwest.com/locations More
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If you are interested in becoming a Corporate Controller, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Corporate Controller for your reference.

Step 1: Understand the job description and responsibilities of an Accountant.

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Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.

Career tips from people on Corporate Controller jobs

Attend Accounting & Bookkeeping, CFO, Financial Controller Leadership training.

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Acquire Specific Skills and Competencies.

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Meet Licensing, Certification, and Registration Requirements.

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The financial controller must strive for greater business efficiency.

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Controllers need to have a proficient understanding of how to use these types of applications, as many of their daily tasks depend on the use of technology.

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Step 3: View the best colleges and universities for Corporate Controller.

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