What are the responsibilities and job description for the Controller position at New Edge Associates a Talent Acquisition Firm?
Summary:
The Controller is accountable for overseeing the accounting operations of the bank and holding company. This includes the production of periodic financial reports, the maintenance of an adequate accounting records system, and the implementation of controls designed to mitigate risks, enhance the accuracy of financial reporting, and ensure compliance with SEC regulations, Generally Accepted Accounting Principles (GAAP), and FDIC/OFR regulatory requirements.
Duties and Responsibilities:
- Oversee and manage the financial functions of the bank and holding company.
- Evaluate, organize, train, and develop the accounting staff to ensure effective team performance.
- Lead and manage the month-end close process, ensuring timely and accurate month-end reporting for both the bank and holding company.
- Prepare and present monthly financial reports to the Board of Directors and senior management.
- Oversee the preparation and submission of quarterly CALL Reporting to the FDIC, as well as all other periodic Federal Reserve Bank (FRB) reporting.
- Maintain the annual budget, providing detailed monthly updates, and report the bank’s financial performance to the Board of Directors.
- Manage quarterly state estimated income tax payments and ensure accuracy.
- Assist with regulatory compliance, including safety and soundness assessments and internal/external examinations on their respective cycles.
- Support the CFO in identifying, measuring, monitoring, and managing the models for ACL estimation, CECL calculation, and overall credit loss outlook.
- Oversee the annual insurance renewal process, ensuring coverage is appropriately maintained.
- Manage and supervise the bank’s and holding company’s accounts payable processes.
- Oversee the accounting and reporting of the bank’s investment portfolio.
- Continuously seek and implement process efficiencies through technology and automation, where applicable and beneficial.
- Maintain and implement accounting and finance policies for the bank and holding company, ensuring they align with regulatory and internal standards.
- Perform other related duties as required to support the accounting and financial operations of the organization.
Salary : $100,000 - $150,000
