VP, Controller

About the role

Reporting directly to the Chief Financial Officer, the Controller is responsible for the integrity, accuracy, and effectiveness of the Credit Union's accounting, financial reporting, and control environment. This role leads the accounting function and ensures compliance with GAAP, regulatory requirements, tax obligations, and internal policies, while supporting informed decision-making at the executive and Board level.

Responsibilities

• Directs the timely, efficient, and accurate preparation and submission of accounting, regulatory, and tax reports for the credit union, including monthly and annual financial statements, board reports, call reports, tax returns, and other regulatory reporting requirements.

• Leads and carries out period-end (e.g., monthly, quarterly, and yearly) financial closing processes in a precise and timely manner, including accounts payable, automated and manual accounting entries, accrual adjustments, and monthly G/L reconciliations.

• Ensures appropriate and accurate application of GAAP and accounting regulations adopted by federal and state regulators and internal policies.

• Leads technical accounting policy support for strategic initiatives and non-routine activities.

• Oversees Current Expected Credit Losses (“CECL”) policy and manages all aspects of the monthly and quarterly CECL calculation.

• Participates in the decision-making process regarding modifications to borrowers experiencing financial difficulty and provides accounting guidance and treatment required under CECL and other regulatory guidelines.

• Oversees investment portfolio accounting and supports the CFO with required processes such as pre-purchase analysis as stipulated in the Investment Policy, settlement and funding of all investment transactions.

• May manage preparation of Investment Committee presentation materials.

• Acts as liaison officer between credit union and external examiners and auditors, as well as the risk management team, supplying required information in a timely, accurate and efficient manner.

• Prepares Board of Directors presentation materials including but not limited to financial statement review, budget comparison, market analysis, loan and deposit trends, key performance indicator analysis and other analytics.

• Supports the management of the asset/liability risk management function including but not limited to daily liquidity needs and uses, and preparation of Asset Liability Committee presentation materials and calculation of regulatory capital ratios.

• Stays current on financial reform issues affecting credit unions and proactively identifies issues on the horizon.

• Researches and interprets new accounting pronouncements and determines financial and operational impacts on the credit union.

• Controls/Process Improvement & Automation

• Maintains a strong control environment and reviews and revises accounting policies, procedures and controls when changes are warranted.
• Ensures new processes and activities considered have adequate policies, procedures, and internal controls to ensure sound and efficient operations.
• Oversees accounting software administration and reviews.
• Enhances accounting infrastructure to support increasingly complex legal and financial structure.
• Ensures technologies and automation tools are utilized to their fullest potential, including software upgrades, new implementations of financial technologies, and enhanced use of data platforms to ingest data from core systems.
• Led transformation initiatives for the accounting function to increase automation and streamline processes.
• Supports operational projects across the credit union ensuring accounting impacts and changes to processes are appropriately reflected in financial reporting by actively participating on committees and task forces.
• Performs ad hoc projects and analyses, including but not limited to other job-related duties as assigned, to support the credit union.

• People Management

• Leads the accounting team and keeps everyone connected across the department.

Qualifications

• Demonstrated expertise in all aspects of accounting for a community financial institution.

• Excellent knowledge of budgeting, cost accounting, investments reporting, and operations.

• Highly proficient in state and federal credit union and financial institution regulations.

• Proven knowledge computing skills including general ledger, loan, deposit and related software and experience in MS Office applications.

• Strong organizational and time management skills.

• Strong communication skills with the ability to work effectively with internal and external parties, provide leadership for the department and influence senior level management as needed.

• Strong analytical, planning, problem solving, and project management skills.

• Proven ability to work within a collaborative team environment.

• Demonstrated ability to manage, train, and develop staff.

• Ability to oversee financial reporting, including regulatory, internal, and external reporting.

• Ability to work independently and prioritize departmental responsibilities.

Pay

$150,000 - $200,000 annually

Schedule

Full-time