Controller
Job Details
Management
Mountlake Terrace - Mountlake Terrace, WA
Full Time
4 Year Degree
Day
Accounting
Description

SUMMARY: Responsible for oversight of specific accounting functions and with the preparation of financial reports that summarize and report the Bank’s consolidated financial performance.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following:

  • Collaborates with the Accounting team to prepare and file the Bank’s Forms 10-Q and 10-K, press releases, Call Report and other regulatory reporting requirements, and internal Board of Director financial reporting package.
  • Produces monthly/quarterly financial reporting packages including coordination of reporting across business channels.
  • Coordinates with Prologue (internal accounting software system) manager and Accounting team on developing and producing timely reports from Prologue.
  • Ensures financial information produced by the Accounting Department is accurate and timely.     
  • Ensures accounting is in compliance with regulatory and SEC requirements.
  • Actively participates in Bank and department Sarbanes-Oxley (SOX) requirements.  
  • Responsible for the monthly closing of the general ledger.
  • Monitors the Bank’s performance to budget.
  • Prepares financial statements and reports.
  • Reviews yields and rate/volume variances. 
  • Provides explanations for budget to actual variances.
  • Engaged with all accounting processes, including but not limited to deposits, A/P, payroll, fixed /prepaid assets, borrowings and equity.  
  • Loan accounting oversight including FAS91 reporting, problem loan reporting and working directly with our third-party allowance for loan and lease loss provider.
  • Works with CFO and Accounting team on intercompany and other cost based allocations. 
  • Provides assistance for various audit activities, including all general ledger and financial statement requests related to:
  • External and internal audits.
  • Regulatory examinations.
  • IRS or State/local tax audits.
  • FHLB/FRB collateral audits.
  • Any other audit, as assigned.
  • Assists with journal entry review/approval for the accurate reporting of the financial position of the Bank.
  • Works directly with external tax consultants/auditors to ensure federal and state tax returns are accurate and filed timely.
  • Responsible for preparation/review of the quarterly Call Report, including any supporting schedules and the annual reporting of deposits (FDIC reporting).
  • Provides continuous reviews and recommends improvements related to financial practices and procedures.
  • Plans for continual improvement of the efficiency and effectiveness of the accounting function.
  • Solid, overall business acumen and a strong mindset for continuous improvement including the ability to automate processes where appropriate.
  • Performs other duties as assigned.

OTHER RESPONSIBILITIES  
Involved with managing the accounting financial systems including the general ledger structure, income/expense/asset/liability accounts and promotes ways to automate processes.  Responsible for regulatory reporting including the reporting and coordination of this accounting process and working cross business channels to ensure timely and accurate reporting.  Carries out responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include oversight to daily, weekly, monthly and quarterly ongoing process improvements, assisting with planning, assigning and completing the work of team members and working with other departments to achieve a high level of reporting.  Work in a team oriented environment while identifying and addressing any problems.
 

Qualifications

EDUCATION and/or EXPERIENCE

  • Certified Public Accountant (CPA) preferred.  Bachelor’s degree and six to ten years related experience and/or training, prior banking experience highly desired.
  • Strong Generally Accepted Accounting Principles (GAAP) knowledge and it’s applicability to all areas of reporting and the loan accounting function.
  • SOX knowledge preferred.  A track record of improving internal controls is highly valued.
  • Financial reporting and general ledger and/or systems experience required.  Ability to implement previous workflow processes with a new GL system (if DNA is new to applicant).
  • Work requires verbal communication and interpersonal skills. Ability to motivate team to produce quality documents within tight timeframes during quarter and year end reporting.
  • Comprehensive knowledge and application of federal state banking laws and regulations that pertain to this position. 
  • Knowledge of the Bank Secrecy Act and Anti-Money Laundering policies, procedures and related programs.
  • Thorough understanding of FDIC regulations and call report instructions.

COMPUTER SKILLS

To perform this job successfully, an individual should be proficient in Microsoft Office Products, Fiserv  DNA and Prologue experience is desired.

PHYSICAL DEMANDS AND WORK ENVIRONMENT

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • The employee will operate in a general office environment, using office equipment such as a phone and a computer. The employee must be able to bend and squat occasionally when accessing storage.
  • The noise level in the work environment is usually quiet to moderate as compared to a private office with light foot traffic and office equipment.
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