Accounting & Financial Reporting Analyst

About the Role

VersaBank is a North American bank, federally chartered in Canada and the United States through its wholly owned subsidiary, VersaBank USA National Association. Operating with a branchless, business-to-business model, VersaBank uses proprietary, leading-edge technology to address underserved segments of the financial industry with exceptional efficiency and a strong focus on risk mitigation. VersaBank obtains the majority of its deposits and conducts most of its lending electronically through financial intermediary partners. This model provides significant operating leverage, enabling exceptional efficiency and returns on common equity. In 2024, VersaBank launched its Structured Receivable Program funding solution for point-of-sale finance companies, which has been highly successful in Canada for over 15 years, to the US market, bringing an innovative funding solution to this sector. VersaBank's common shares trade on Nasdaq and the Toronto Stock Exchange under the symbol VBNK.

We are looking for an Accounting & Financial Reporting Analyst to join our team. In this role, you will support the US GAAP accounting and consolidated financial reporting function of VersaBank while ensuring compliance with US GAAP, SEC reporting requirements, applicable banking regulations, and internal control standards. You will work closely with management, regulators, external auditors, and other members of the team to prepare accurate and timely financial information. You will also contribute to continuous improvement initiatives by leveraging technology, automation, and process enhancements to improve efficiency, strengthen internal controls, and enhance the quality and timeliness of financial reporting.

Responsibilities

• Prepare inputs into the monthly, quarterly, and annual consolidated financial statements and related disclosures for SEC and regulatory reporting.
• Prepare journal entries, account reconciliations, supporting schedules, and other accounting analyses.
• Assist with the implementation of US GAAP accounting policies.
• Support internal and external audits and regulatory examinations by preparing requested documentation and responding to information requests.
• Assist with the development, documentation, and maintenance of SOX 404 internal controls over financial reporting.
• Utilize Sage ERP and other reporting tools to prepare financial reports, validate accounting data, and improve reporting capabilities.
• Analyze financial data and investigate variances, trends, and unusual transactions to ensure accuracy and completeness of financial reporting.
• Identify opportunities for process improvements, automation, and standardization that enhance efficiency while maintaining strong governance and compliance standards.
• Assist with accounting, financial reporting, regulatory reporting, and other special projects as assigned.

Qualifications

• Bachelor's degree in Accounting, Finance, or related field.
• CPA designation or progress toward CPA certification preferred.
• 3–6 years of accounting or financial reporting experience, preferably with a financial institution, public accounting firm, or publicly traded company.
• Experience preparing or supporting US GAAP financial statements and related disclosures preferred.
• Experience preparing Statements of Cash Flows preferred.
• Experience supporting bank or bank holding company reporting preferred.
• Advanced Microsoft skills.
• Strong analytical, organizational, and problem-solving skills.
• Strong written and verbal communication skills.
• Ability to manage multiple priorities while maintaining exceptional attention to detail.
• Ability to work independently and collaboratively in a deadline-driven environment.

Location

This position will be based at VersaBank's Minneapolis, Minnesota office location.

Benefits

• Excellent career advancement opportunities
• Informal, positive work environment
• Very competitive compensation package including medical, vision and dental coverage, and life, AD&D and disability insurance
• Participation in a 401(k) plan
• Time off policies
• Annual incentive awards