• Controller

    Location US-IL-Downers Grove
    Category
    Accounting
    Type
    Regular Full-Time
  • Responsibilities

    Summary:  Manages the bank’s investment portfolio and conducts various financial analyses including asset/liability risk modeling.  Prepares various reports and financial statements of the bank’s accounting and financial activities and presents results to the Board of Directors, and external auditors.  Manages various accounting and administrative staff.

     

    Essential Functions:

    Reasonable accommodations may be made to enable individuals with disabilities to perform the following essential functions.

    • Manages and directs the work for the accounts payable, associate controller, and administrative staff. Evaluates and records staff performance and provides day-to-day supervisory support. Manages all personnel in areas of hiring, promotion, salary administration, disciplinary actions, career development, performance appraisals, and terminations.
    • Analyzes records of present and past operations, trends and costs, estimated and realized revenues, administrative commitments and obligations incurred to project future revenues and expenses. Determines how to allocate cost and growth items.  Summarizes data in Budget and Profitability Analysis Reports.
    • Creates month-end financial statements including balance sheet, income statement, interest margin, and budget variance for the bank and its subsidiaries for distribution to Senior Management and the Board of Directors. Addresses questions regarding the financial statements as needed.
    • Maintains general ledger structure, determines accounts to be added or deleted, and where/how certain items should be posted according to business needs. Researches and resolves escalated discrepancies and changes general ledger descriptions as necessary.
    • Retrieves and manipulates data for use in creation of various financial reports as well as for use in various accounting software applications.
    • Develops and maintains the bank’s Asset/Liability Management Model, comparing market and bank data to ensure an accurate representation of the Bank’s interest rate risk. Runs scenarios based on economic projections and analyzes data to prepare Asset/Liability Management Reports.  Presents findings to the Board of Directors.
    • Prepares portions of the annual report and works on a team to review entire annual report for accuracy.
    • Responsible for the management of the bank’s investment portfolio. Analyzes performance of the investment portfolio, researches opportunities for purchases and sales, and makes investment decisions to best support the bank’s earnings and liquidity goals. Evaluates individual securities for Other-Than-Temporary Impairment.
    • Serves as the primary contact for external auditors and bank regulators regarding the bank’s accounting functions as well as the bank’s investment portfolio.
    • Analyzes, monitors, and reports on the bank’s Troubled Debt Restructurings, Impaired loans, and levels of Allowance for Loan Losses.
    • Responsible for the accounting activities of the bank’s subsidiaries.
    • Responsible for the creation of the bank’s annual budget.
    • Oversees special projects such as merger and acquisition activities as needed.
    • Serves as Secretary to the Board of Directors. Interacts regularly with senior management, directors, and executive committee.
    • All other reasonable duties as assigned.

    Qualifications

    Required Education and Experience:

    • Excellent computer skills. Proficiency in Microsoft Office Suite;
    • Excellent verbal and written communication skills;
    • Minimum of 10 years related banking and/or finance experience including extensive knowledge of Interest Rate Risk;
    • CPA (Certified Public Accountant)
    • Knowledge of GAAP guidelines;
    • Proven ability to research regulations such as GAAP;
    • Proven ability to manage employees and direct projects;
    • Bachelor’s degree in Accounting and/or equivalent work experience.

     

    Preferred Education and Experience:

    • General knowledge of finance regulations and compliance;
    • Proven ability to work with regulators.

     

    Requirements for performing Essential Functions:

    On the job the employee may physically be required to bend, sit, walk, use finger movements, and/or handle objects (manual dexterity).  On the job the employee must mentally be able to read/comprehend, write, perform calculations, communicate orally, reason, and analyze.       

     

    JT17         

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