Corporate Accountant

About Us

Capital Bank N.A. is headquartered in Maryland, and has been serving our communities since 1999. We stand as a publicly traded company (NASDAQ: CBNK) with over $3 billion in assets. We offer commercial and consumer banking services to clients in Maryland, DC, and Northern Virginia, alongside two nation-wide lending brands; Capital Bank Home Loans and OpenSky, a credit card division that offers and services credit cards across all states. Our personalized approach to banking, paired with cutting-edge technology solutions and a comprehensive suite of products and services, fuels our growth, and enables us to support our customers at every stage in their financial journey.

Come join a bank where our employees thrive and are engaged in meaningful work. For the last 5 out of 6 years, Capital Bank was named one of the "Best Banks to Work For" in the U.S. by American Banker.

Position Purpose

This position will be involved in completion of several corporate accounting workflows within the bank, holding company, and its subsidiaries, such as income tax accounting, stock compensation accounting, general ledger (GL) and internal DDA account reconciliation, Loan Accounting System (LAS) data retrieval and related research, and GL and Fiserv Premier data extraction and research. This position will work closely with the Chief Accounting Officer, Controller, and Assistant Controller to help ensure complete, accurate, and timely month-end and quarter-end close and to assist with completion and timely filing of quarterly regulatory reporting.

Position Responsibilities

• Assist with the preparation and/or review of GL and internal DDA reconciliations as required.
• Assist with the research and resolution of complex reconciling items identified within completed GL, internal DDA, and loan clearing reconciliations.
• Complete month-end close tasks and/or post related journal entries as assigned.
• Complete and file assigned quarterly regulatory filings such as FR Y-6, FR Y-8, along with FR Y-10 when a filing is necessary.
• Prepare monthly tax provision for and record resulting journal entries in the accounting system prior to month-end close.
• Understand and work closely with outside tax consultant to perform annual roll forward of deferred tax assets and liabilities.
• Work with outside tax consultant to update effective tax rate (ETR) annually for Capital Bank and related companies once annual budget is completed and approved by the Board of Directors.
• Work closely with external tax preparer to provide necessary documentation to ensure Federal and state income tax return filings are complete and accurate, and related tax payments are processed according to instructions provided by the external tax preparer.
• Respond timely to state and federal tax notices received by Capital Bank and related companies.
• Work closely with Human Resources (HR) to record stock option exercises and Restricted Stock (RSU) vestings timely and accurately.
• Ensure stock compensation expense is set up accurately upon receipt of annual RSU grants and for out of cycle RSU grants.
• Work with HR to update as necessary bonus, incentive, and deferred compensation accruals
• Collaborate with the Controller and Assistant Controller to ensure all accounting policies and procedures are updated at least annually
• Assist in the preparation of schedules/information for internal and external auditors
  
  

Minimum Education & Experience

• Bachelor’s degree in accounting or related field.
• Minimum of 5 years of banking experience
• Minimum10 years’ experience working with income taxes, general ledger reconciliations, stock compensation and month-end closing.
  
  

Technical Knowledge And Skills

• Requires advanced Microsoft Excel and intermediate Word knowledge.
• Advanced problem-solving skills are required to find solutions to problems that are technically complex and require collection, interpretation, and analysis of data from diverse sources. Must have the ability to work independently with little supervision.
• Ability to perform mathematical and financial calculations.
• Excellent oral and written communication skills
  
  

Compensation

• Base Salary Range: $70,000 - $130,000 annually. Final determination of where you are at in the salary range is based on numerous factors such as geographic location, relevant experience, skill set, education, and ability to meet qualifications within the job description.
• Additional Compensation: This role will include a yearly annual target bonus based on individual performance.
  
  

Working Arrangements

• This is a hybrid role expected to work in office Monday, Tuesday, Thursday, and Friday. This person will ideally sit out of our Rockville, MD headquarters location. You will be able to work remotely on Wednesday.
  
  

Why Join Us?

• Join a growing company with a culture that fosters an entrepreneurial spirit
• Comprehensive benefits package including Medical, Dental, Vision, Company Paid Life Insurance, Disability Insurance, and more?
• Company Contributions to your 401k - Regardless of your contribution
• Employee Perks: Paid Parental Leave, Employee Recognition Program, Leadership Program, Tuition Reimbursement Program, Employee Bank Checking Account, and much more!
• Generous Paid Time Off and Paid Holidays - Including Paid Charity Hours to support volunteer opportunities
  
  

Supporting Businesses. Helping People. Strengthening Communities.

Capital Bank, N.A. is an Affirmative Action, E-Verify, and Equal Opportunity Employer.