Director of Finance and Accounting

JOB SUMMARY

The Director of Finance and Accounting will oversee and be actively involved in the preparation of internal and external financial reporting, including filings with the Securities and Exchange Commission, ensuring compliance with SEC requirements and associated regulations and reporting standards.  Responsible for direction and oversight of the functions related to the finance and accounting department. Assists the Chief Financial Officer (CFO) with financial modeling, asset/liability management, liquidity, investments, the rate setting process, bank’s annual budget and other assignments.

ESSENTIAL DUTIES AND RESPONSIBILITIES

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Provides leadership, direction, and management of Bank’s Accounting department, including internal and external financial and accounting operations, reporting, regulatory and audit compliance.
• Development and maintaining of programs, policies, and procedures for liquidity, budgeting, investments, interest rate risk, derivatives, fixed assets, payables, etc. to ensure appropriate internal controls and to maximize efficiency.
• Serves as member of the Bank’s Management ALCO Committee and Board ALCO Committee.
  • Prepares documentation, report packages, and presents to Management and Board Committees
  • Manages assumptions and facilitates modeling for interest rate risk, and liquidity stress testing
  • Models impact of rate changes to net income
  • Makes recommendations to Management ALCO Committee regarding balance sheet structure, new product offerings, and pricing.
• Management of assumptions, calculations for loan/capital stress testing, and the CECL model for allowance for credit losses, and related policies
• Lead the preparation and review of 10-K, 10-Q, 8-K, and other SEC filings, ensuring compliance with SEC regulations and reporting standards
• Prepare and analyze supporting schedules, disclosures, MD&A, footnotes, and other external reporting components
• Oversight of internal report production and maintenance for Board and Departmental reporting.
• Remain current on SEC, PCAOB and other regulatory updates; assess changes and communicate impacts to Bank leadership
• Research, interpret, and document complex accounting issues, including new or evolving GAAP standards
• Lead the implementation of new accounting pronouncements
• Provide technical accounting guidance to internal business partners and senior leadership
• Responsible for the implementation and monitoring of internal controls over financial reporting in compliance with SOX and/or FDICIA requirements, as applicable
• Partner with internal and external audit partners, prepare audit support packages, and respond to audit inquiries
• Liaison with Bank auditors and examiners
  • Ensures timely and accurate information relayed
  • Ensures appropriate implementation of internal controls
• Make recommendations to leadership regarding additions or amendments to bank policies to ensure compliance with regulatory requirements
• Collaborate cross-functionally with Accounting, Operations, and Risk Management teams to ensure data accuracy and reporting consistency
• Cultivate a high-performance, continuous-improvement mindset within the team and cross-functionally
• Responsible for compliance within area of responsibility
• Function and perform other duties as assigned to best serve the company

• Bachelor's degree in Accounting or Finance
• Active CPA license
• 5 years of banking experience or relative experience preferred
• Strong working knowledge of U.S. GAAP, SEC reporting requirements, and financial institution regulations, with SEC/Edgar reporting experience preferred
• 8 – 10 years of accounting/financial reporting experience required; including a demonstrated understanding of GAAP
• Strong communication, analytical, and organizational skills
• Perform with a high level of accuracy under tight time constraints
• Understand complex accounting literature and apply to the business/specific transactions
• Advanced proficiency with Microsoft Excel, Word, and accounting software packages