The #1 Site for Finance Jobs - search all Finance jobs.
I2w0r45yq2d1764hhzk

Comptroller

Description

This position works closely with the Chief Financial Officer (CFO) and is responsible for assisting the CFO in ensuring that the Banks Accounting Department runs smoothly and that the accounting and finance related reporting and activities are met within the strict daily, weekly, monthly and quarterly deadlines and in compliance with applicable Bank policies and regulations. This position is characterized by a high degree of working knowledge and understanding of generally accepted accounting principles and utilizing that knowledge in the daily processing, monitoring and control of the Banks accounting and finance related activities, being detailed-oriented, having a positive attitude, excellent communication and organization skills, and a strong knowledge of Microsoft Office suite including Outlook, Word and Excel.

SUMMARY OF JOB RESPONSIBILITIES
Responsible for directing the Bank's accounting functions which include establishing and maintaining the Bank's accounting principles, practices, procedures, and initiatives. Under general supervision and following established policies and procedures, the Controller is responsible for managing all accounting activities including financial and regulatory reporting, general ledger, investment, human resources, interest rate risk, liquidity, mortgage accounting, and Federal and State tax.
ESSENTIAL FUNCTIONS AND JOB RESPONSIBILITIES
Reviews and reconciles various data and accounts contained in the Banks general ledgers and various other financial reports to ensure accuracy and reasonableness of recorded financial transactions and that the transactions booked meet Banks policies/procedures, regulatory requirements and IRS guidelines. Manages the month-end, quarter-end and year-end closes. Acts as the liaison between the accounting department and other departments to resolve problems and/or responds to inquiries regarding general ledger and/or accounting related questions. Oversees and reviews work and provide support and direction to the accounting staff. Prepares the Banks monthly financial statement packages and other financial related reports for Board of Directors. Manages and processes daily liquidity activity. Calculates Federal income tax and State taxes for month-end close, book the general ledger entries and maintain the deferred tax asset inventory. Manages and prepares the investment entries, maintenance and reconciliation of the Banks investment portfolio between the general ledger and investment statement. Coordinates the preparation and filing of the quarterly tax payment estimates and annual tax returns. Manages accounts payable process which includes overseeing the weekly check run process, verifying that transactions comply with financial policies and procedures, overseeing the issuance of appropriate year end documentation and documenting procedures as required. Prepares the interest rate risk reporting, including assumption updates and review of reports. Oversees the preparation and filing of the Banks quarterly call reports, which includes preparing reports and processes and providing direction for accounting staff to assist with preparing assigned schedules. Manages and processes the relationship profitability system setup, updates and reporting. Oversees the accounting and documentation for mortgage related items, which includes preparing reports and processes and providing direction for accounting staff to assist with necessary entries. Prepares financial related investor relations reports and documents. Assists CFO in the preparation of the Banks budget. Assists CFO in preparing the Banks annual report and proxy statement. Responds to inquiries from the Banks management team, outside auditors and regulators regarding data contained in financial/accounting/treasury related reports and statements. Coordinates and prepares documentation for finance, accounting, treasury related audits. Acts as the primary contact and responsible for the day-to-day operations for items related to Call Report, human resources, ASC 310/accounting guidance, investment, loans/TDR/ALLL/Unfunded Reserve, and relationship profitability system, audits, financial and ALCO reporting, general ledger, interest rate risk, liquidity, mortgage and Federal and State taxes. Assists with Accounting department projects as needed. Perform related duties as assigned or as the situation dictates.

SKILLS/EQUIPMENT
1. Strong understanding of accounting concepts (GAAP) and control requirements, especially for transactions of financial institutions.
2. High degree of accuracy and attention to detail.
3. Experience working with general ledger, human resources/payroll, fixed asset and investment accounting systems.
4. Some experience with corporate income tax accounting and tax form preparation and filing.
5. Excellent verbal and written skills in order to communicate effectively and tactfully at all levels of Bank staff, as well as with outside auditors and regulators.
6. Strong knowledge of Excel and general knowledge of Microsoft Office programs such as Outlook and Word.
7. Ability to organize and prioritize in situations where dramatic changes frequently occur to meet set deadlines.
8. Ability to learn quickly and apply concepts to different related areas of work.
9. Ability to recognize and analyze problems, and develop solutions.
10. Ability to work well in a team-oriented environment and willingness to assist where necessary to meet goals of the Accounting Department and the Bank.

TRAINING/PREPARATION REQUIRED
1. Comply with all requirements, policies and procedures of the Bank Secrecy Act (BSA) and attend all mandatory BSA training as needed for this position. Additionally, required to complete all required compliance and regulatory training, not limited to BSA.
2. Technical knowledge as acquired through bachelors degree in accounting or other related financial field. Professional certification preferred but not required.
3. Minimum of five years of banking accounting experience.

Requirements

 

Job Snapshot

Location US-PR-Guaynabo
Employment Type Full-Time
Pay Type Year
Pay Rate N/A
Store Type Accounting, Finance, Other
Apply

Company Overview

Creative Financial Staffing

CFS is a leading, employee-owned staffing firm—the largest one founded by CPA firms. With more than two decades of experience helping companies locate, attract and hire exceptional accounting, finance & IT professionals, CFS has unique resources to better understand hiring needs, attract higher-caliber candidates and assess candidate potential. Established in 1994, CFS today operates 30+ offices across 21 states and the Caribbean. Serving most major U.S. markets and beyond, CFS connects companies with candidates, from entry-level to executive level, temporary to direct hire and project support to interim management. Learn More

Contact Information

US-PR-Guaynabo
Snapshot
Creative Financial Staffing
Company:
US-PR-Guaynabo
Location:
Full-Time
Employment Type:
Year
Pay Type:
N/A
Pay Rate:
Accounting, Finance, Other
Store Type:

Description

This position works closely with the Chief Financial Officer (CFO) and is responsible for assisting the CFO in ensuring that the Banks Accounting Department runs smoothly and that the accounting and finance related reporting and activities are met within the strict daily, weekly, monthly and quarterly deadlines and in compliance with applicable Bank policies and regulations. This position is characterized by a high degree of working knowledge and understanding of generally accepted accounting principles and utilizing that knowledge in the daily processing, monitoring and control of the Banks accounting and finance related activities, being detailed-oriented, having a positive attitude, excellent communication and organization skills, and a strong knowledge of Microsoft Office suite including Outlook, Word and Excel.

SUMMARY OF JOB RESPONSIBILITIES
Responsible for directing the Bank's accounting functions which include establishing and maintaining the Bank's accounting principles, practices, procedures, and initiatives. Under general supervision and following established policies and procedures, the Controller is responsible for managing all accounting activities including financial and regulatory reporting, general ledger, investment, human resources, interest rate risk, liquidity, mortgage accounting, and Federal and State tax.
ESSENTIAL FUNCTIONS AND JOB RESPONSIBILITIES
Reviews and reconciles various data and accounts contained in the Banks general ledgers and various other financial reports to ensure accuracy and reasonableness of recorded financial transactions and that the transactions booked meet Banks policies/procedures, regulatory requirements and IRS guidelines. Manages the month-end, quarter-end and year-end closes. Acts as the liaison between the accounting department and other departments to resolve problems and/or responds to inquiries regarding general ledger and/or accounting related questions. Oversees and reviews work and provide support and direction to the accounting staff. Prepares the Banks monthly financial statement packages and other financial related reports for Board of Directors. Manages and processes daily liquidity activity. Calculates Federal income tax and State taxes for month-end close, book the general ledger entries and maintain the deferred tax asset inventory. Manages and prepares the investment entries, maintenance and reconciliation of the Banks investment portfolio between the general ledger and investment statement. Coordinates the preparation and filing of the quarterly tax payment estimates and annual tax returns. Manages accounts payable process which includes overseeing the weekly check run process, verifying that transactions comply with financial policies and procedures, overseeing the issuance of appropriate year end documentation and documenting procedures as required. Prepares the interest rate risk reporting, including assumption updates and review of reports. Oversees the preparation and filing of the Banks quarterly call reports, which includes preparing reports and processes and providing direction for accounting staff to assist with preparing assigned schedules. Manages and processes the relationship profitability system setup, updates and reporting. Oversees the accounting and documentation for mortgage related items, which includes preparing reports and processes and providing direction for accounting staff to assist with necessary entries. Prepares financial related investor relations reports and documents. Assists CFO in the preparation of the Banks budget. Assists CFO in preparing the Banks annual report and proxy statement. Responds to inquiries from the Banks management team, outside auditors and regulators regarding data contained in financial/accounting/treasury related reports and statements. Coordinates and prepares documentation for finance, accounting, treasury related audits. Acts as the primary contact and responsible for the day-to-day operations for items related to Call Report, human resources, ASC 310/accounting guidance, investment, loans/TDR/ALLL/Unfunded Reserve, and relationship profitability system, audits, financial and ALCO reporting, general ledger, interest rate risk, liquidity, mortgage and Federal and State taxes. Assists with Accounting department projects as needed. Perform related duties as assigned or as the situation dictates.

SKILLS/EQUIPMENT
1. Strong understanding of accounting concepts (GAAP) and control requirements, especially for transactions of financial institutions.
2. High degree of accuracy and attention to detail.
3. Experience working with general ledger, human resources/payroll, fixed asset and investment accounting systems.
4. Some experience with corporate income tax accounting and tax form preparation and filing.
5. Excellent verbal and written skills in order to communicate effectively and tactfully at all levels of Bank staff, as well as with outside auditors and regulators.
6. Strong knowledge of Excel and general knowledge of Microsoft Office programs such as Outlook and Word.
7. Ability to organize and prioritize in situations where dramatic changes frequently occur to meet set deadlines.
8. Ability to learn quickly and apply concepts to different related areas of work.
9. Ability to recognize and analyze problems, and develop solutions.
10. Ability to work well in a team-oriented environment and willingness to assist where necessary to meet goals of the Accounting Department and the Bank.

TRAINING/PREPARATION REQUIRED
1. Comply with all requirements, policies and procedures of the Bank Secrecy Act (BSA) and attend all mandatory BSA training as needed for this position. Additionally, required to complete all required compliance and regulatory training, not limited to BSA.
2. Technical knowledge as acquired through bachelors degree in accounting or other related financial field. Professional certification preferred but not required.
3. Minimum of five years of banking accounting experience.

Requirements

 
MoneyJobs Advice

For your privacy and protection, when applying to a job online: Never give your social security number to a prospective employer, provide credit card or bank account information, or perform any sort of monetary transaction.Learn More

By applying to a job using moneyjobs.com you are agreeing to comply with and be subject to the workinretail.com Terms and Conditions for use of our website. To use our website, you must agree with theTerms & Conditionsand both meet and comply with their provisions.
Comptroller Apply now