Assistant Controller

About the role

The Assistant Controller serves as a key deputy to the Controller, with broad responsibility for the organization's accounting operations, financial reporting, regulatory compliance, and the small business lending function.

Job duties and responsibilities

• Owns and/or reviews the monthly, quarterly, and annual close; prepares and reviews draft financial statements, budget-versus-actual reports, and other management reports; ensures results are accurate, complete, and GAAP-compliant.
• Prepares and/or reviews the credit union Call Report (NCUA Form 5300) and other regulatory and compliance filings; ensures accurate, timely submission and reconciliation to the general ledger.
• Manages the small business loan function end to end — including loan processing, documentation, funding/disbursement, boarding, and servicing; maintains accurate loan records in the lending database; oversees the loan portfolio, including participated loans, and ensures loan activity is properly recorded and reconciled to the general ledger.
• Implements and monitors sound procedures for all collection methods across locations, including accurate recording in the lending database.
• Reviews and posts transactions prepared by accounting and finance staff, ensuring proper coding, documentation, and support.
• Signs checks and approves wires for the small business lending operation, up to limits approved by the CFO.
• Reviews and prepares all bank statement reconciliations and month-end adjusting journal entries; prepares and/or reviews all transactions related to the small business operation, including participated loan portfolio transactions; investigates and resolves discrepancies.
• Supports and helps lead the design, implementation, and monitoring of sound internal controls throughout the accounting and finance department.
• Supports the audit process, collaborates with the Controller on annual audit preparation, including creation and implementation of processes and schedules, and serves as a primary contact for external auditors.
• Serves as backup for the Controller and other members of the accounting team.
• Continuously evaluates policies, procedures, and practices and proposes ways to increase departmental efficiency.
• Considers compliance at every transaction level, remains alert to the possibility of fraud, and proposes ways to prevent and detect it.
• Performs other duties and responsibilities as required.

Mandatory qualifications

• Active CPA license required.
• Bachelor’s degree in Accounting, Finance, or related field.
• Minimum 7 years of progressive accounting experience, including supervisory/review responsibility.
• Minimum 5 years reviewing, leading, or supervising accounting work.
• Strong knowledge of U.S. GAAP and financial reporting.
• Experience managing month-end close and external audits.

Nice to have qualifications

• Credit union experience, including familiarity with NCUA regulations and share/member accounting.
• Experience preparing the credit union Call Report (NCUA Form 5300).
• Loan operations experience — origination, servicing, documentation, and/or loan portfolio accounting.
• Experience with NetSuite, especially in a multi legal entity environment.
• Experience communicating with and supporting external auditors.
• CDFI (Community Development Financial Institution) experience.
• Small Business Administration (SBA) reporting experience is a plus, but not required.
• Strong Excel skills; strong financial database and reporting skill set; experience with accounting applications a strong plus.
• Superior communication skills and the ability to work effectively with internal and external partners.
• Demonstrated interest in the mission and values of Opportunity Fund.