What are the responsibilities and job description for the VP / Controller position at Quontic?
Why Work for Quontic?
Quontic Bank is a CDFI federally chartered digital community bank. We have a customer-centric culture built around helping our customers and giving back to local communities. We're making homeownership simpler, faster, and most importantly, more accessible for all communities across the United States.
Who We are
Quontic is the adaptive digital bank that empowers its customers financially while embracing their diverse circumstances. Quontic's mission to break the system for financial empowerment stands in the face of big banks and proves there is a better and more equitable way to put the customer first. We focus on truly understanding and serving the underdogs, entrepreneurs, gig-economy workers, immigrants, and more with a curated banking experience as opposed to a one-size-fits-all banking approach.
What We Live By
Whatever your role, we are bound by a spirit of collective commitment and excellence in all aspects of our work. As an employee of Quontic, the importance of your contributions cannot be overstated. You are an important part of our team!
Your Primary Responsibilities Include :
Establish, coordinate, and maintain an accounting system that accurately reflects the financial position of the organization. Responsible for managing the day-to-day priorities of the Accounting team, overseeing various financial reporting processes, and ensuring compliance with regulatory standards.
Job Responsibilities :
- Ensure accounting procedures comply with GAAP and banking regulations. Oversee monthly, quarterly, and annual financial reports, including Board reports and key performance metrics, ensuring accuracy and timely delivery.
- Provide regular financial analyses, forecasting, and strategic insights to executive leadership to support decision-making and long-term planning.
- Develop and maintain internal controls over financial reporting. Regularly assess and mitigate risks within accounting processes.
- Manage Call reports, federal reserve filings, and allowance for credit loss calculations, ensuring timely and accurate regulatory compliance.
- Lead coordination with external and internal auditors, tax teams, and regulators, ensuring timely and accurate completion of deliverables.
- Lead and mentor the Accounting team, fostering professional growth, team performance, and alignment with organizational goals.
- Oversee budgeting and cost management processes, monitoring performance against budgets and recommending improvements for cost control.
- Identify and implement process improvements, including technology enhancements, to optimize accounting workflows and data security.
- Assist in developing financial strategies to support bank growth and capital requirements, including asset-liability management to balance risk and profitability.
- Produce audited GAAP financial statements and footnotes, support major purchasing and lease decisions, and manage special projects as needed.
- Perform special projects, and additional duties and responsibilities as required.
Requirements
Job Requirements :
Additional Requirements :
The above is merely a description. Responsibilities and duties are not limited to the above. Quontic reserves the right to change job descriptions at any time.
Benefits
This role's annual base salary range is $150,000 - $185,000.
In addition to a fulfilling career, we offer competitive compensation and a comprehensive benefits package that can fuel your financial milestones & keep you well. Full time employees are eligible for :
Salary : $150,000 - $189,000
