What are the responsibilities and job description for the Controller position at Bank of Ann Arbor?
Description
Full Time | Onsite
Position Summary
The Bank Controller is a critical leadership role responsible for overseeing all accounting and financial reporting functions of the bank. This position ensures the integrity, accuracy, and timeliness of financial data, adherence to regulatory requirements (GAAP, FDIC, Federal Reserve), and the development and maintenance of robust internal controls. The Controller will play a key role in financial planning, analysis, and strategic decision-making, providing essential insights to senior management and the Board of Directors.
Key Responsibilities
Financial Reporting & Analysis:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the functions.
While performing the duties of this position, the employee is regularly required to talk or hear. The employee frequently is required to use hands or finger, handle, or feel objects, tools or controls. The employee is occasionally required to stand; walk; sit; reach with hands and arms; climb or balance; and stoop, kneel, crouch, or crawl. At times, there could be periods of work induced stress and extended hours.
The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this position include close vision, distance vision, color vision, peripheral vision, and the ability to adjust focus. The noise level in the work environment is usually moderate. Travel and valid driver’s license required; occasional overnight trips may be necessary.
Full Time | Onsite
Position Summary
The Bank Controller is a critical leadership role responsible for overseeing all accounting and financial reporting functions of the bank. This position ensures the integrity, accuracy, and timeliness of financial data, adherence to regulatory requirements (GAAP, FDIC, Federal Reserve), and the development and maintenance of robust internal controls. The Controller will play a key role in financial planning, analysis, and strategic decision-making, providing essential insights to senior management and the Board of Directors.
Key Responsibilities
Financial Reporting & Analysis:
- Direct and manage the preparation of all financial statements, including the call report, regulatory filings (e.g., FDIC, Federal Reserve), and internal management reports, ensuring compliance with GAAP, regulatory pronouncements, and company policies.
- Oversee month-end, quarter-end, and year-end close processes.
- Provide insightful financial analysis, variance explanations, and performance metrics to support strategic planning and operational decision-making.
- Develop and maintain financial models for forecasting, budgeting, and scenario planning.
- Performs other related duties as assigned to support departmental and organizational objectives.
- Manage and supervise the general ledger, accounts payable, accounts receivable, fixed assets, and other accounting functions.
- Ensure accurate and timely reconciliation of all balance sheet accounts.
- Oversee the preparation of various tax filings.
- Implement and maintain efficient accounting processes and systems.
- Design, implement, and monitor a robust system of internal controls over financial reporting to safeguard assets and ensure the accuracy of financial data.
- Ensure compliance with all relevant banking regulations (e.g., FDICIA, Dodd-Frank, BSA/AML as it pertains to financial operations, etc.).
- Coordinate and facilitate external audits, regulatory examinations, and internal audits, serving as a primary point of contact.
- Develop and update accounting policies and procedures to reflect changes in regulations, GAAP, and best practices.
- Support the CFO in managing liquidity, interest rate risk, and capital adequacy.
- Assist with investment accounting and related reporting.
- Lead, mentor, and develop the accounting and finance team, fostering a culture of high performance, accountability, and continuous improvement.
- Collaborate effectively with other departments, including Operations, Lending, Risk Management, and IT.
- Contribute to the development and execution of the bank's financial strategy.
- Provide financial insights and recommendations to support new product development, branch expansion, and other strategic initiatives.
- Bachelor's degree in Accounting, Finance, or a related field.
- CPA designation is highly preferred.
- 10 years of progressive experience in accounting or finance, with at least 5 years in a leadership role, preferably within the banking or financial services industry.
- Strong understanding of Generally Accepted Accounting Principles (GAAP) and financial reporting requirements for financial institutions.
- In-depth knowledge of banking regulations (e.g., FDIC, Federal Reserve, Call Report preparation).
- Proven experience with financial systems and ERP software (e.g., Fiserv, Jack Henry, etc.).
- Excellent analytical, problem-solving, and decision-making skills.
- Strong leadership, communication (written and verbal), and interpersonal skills.
- Ability to manage multiple priorities in a fast-paced environment.
- High level of integrity and professional ethics.
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the functions.
While performing the duties of this position, the employee is regularly required to talk or hear. The employee frequently is required to use hands or finger, handle, or feel objects, tools or controls. The employee is occasionally required to stand; walk; sit; reach with hands and arms; climb or balance; and stoop, kneel, crouch, or crawl. At times, there could be periods of work induced stress and extended hours.
The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this position include close vision, distance vision, color vision, peripheral vision, and the ability to adjust focus. The noise level in the work environment is usually moderate. Travel and valid driver’s license required; occasional overnight trips may be necessary.