What are the responsibilities and job description for the Vice President, Comptroller position at Presidential Bank?
The Comptroller, VP is responsible for overseeing the preparation and reporting for all of the Bank's fiscal operating results, utilizing Generally Accepted Accounting Principles (GAAP) and regulatory accounting principles. Manage preparation of a variety of reports including but not limited to budgets, analysis, periodic regulatory agency, government reports, results from operations, and other reports as requested by the Chief Accounting Officer (CAO) and/or executive management. He/she will present and interpret financial reports to senior management and the Board of Directors; ensure adherence to tax laws and regulatory compliance to properly reflect the financial position of the Bank and to safeguard Bank assets. Assist the CAO with the leadership of the Finance/Accounting Department, providing financial management expertise and support. Serve as a business partner in the areas of strategic planning, financial analysis, and decision-making support to all business lines.
Major Duties and Responsibilities:
Position Requirements:
Presidential Bank, FSB is an equal opportunity/affirmative action employer. We consider applicants without regard to race, color, religion, creed, gender, national origin, age, disability, genetic information, marital or veteran status, or any other category protected by federal, state, or local law.
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Major Duties and Responsibilities:
- Review accounting policy, procedures, and systems and recommend appropriate changes.
- Implement and coordinate changes with other affected divisions; monitor practices for compliance with approved procedures.
- Direct preparation of various financial statements and operating reports, for both internal and external purposes; responsible for overall accurate and timely financial reporting, including Regulatory Reporting, SEC Reporting, and other internal and external reports; review results, report findings, and submit appropriate comments and recommendations to management.
- Coordinate the review, interpretation, and implementation of current accounting (FASB, AICPA) and regulatory directives.
- Develop and maintain reports and files for tax related entries and required tax filings.
- Coordinate with independent auditors, examiners, tax auditors and other regulatory and governmental agency examiners.
- Assist Internal Audit Department in connection with examinations/audits by such agencies.
- At direction of CAO, oversee management and profitability reporting to support business managers and provide them with the tools to assess business line profitability and segment contribution to overall corporate profitability.
- Lead and support the Finance/Accounting Department in delivering pro-active financial analysis and decision-making support to business area/department managers.
- Assist with strategic planning efforts with regard to the asset/liability management function of the company to support the objective of full deployment of capital. This includes developing strategies for loan portfolio and loan servicing asset management that seeks to maximize profitability, within the desired level of risk.
- Provide leadership and general management to the Finance/ Accounting Department to ensure accurate, timely financial reporting and compliance with GAAP and regulatory accounting requirements.
- Initiate and develop the scope of reporting requirements and spectrum of GAAP and Regulatory filing proforma documents.
- Produce procedures to support the preparation of periodic filings.
- Manage the production and issuance of consolidated quarterly and annual financial statements as well as all regulatory filings.
- Participate in the development and implementation of key strategies and initiatives related to internal controls compliance.
- Maintain the corporate policies, procedures, and methodologies for effective internal control compliance.
- Work with business managers to help ensure that internal control documentation is current, complete, and accurate.
- Participate in the design decisions and other support-related matters for the system which supports the creation, maintenance and testing of internal controls.
- Coordinate with internal and external auditors regarding internal control compliance testing, and issue resolution.
- Work collaboratively with all business partners to foster cooperation that will enhance profitability and customer service.
- Other projects and/ or duties as assigned.
Position Requirements:
- Bachelor’s degree in accounting or finance or equivalent work experience. CPA preferred.
- Minimum of 10 years management experience in finance/accounting at a bank or other financial institution regulated by the FDIC.
- 6 years of experience with thrift and/or commercial banking.
- Knowledge of single-family mortgage lending financials statements.
- Develop and maintain reports and files for tax related entries and required tax filings.
- Thorough knowledge of SEC / Regulatory reporting requirements.
- Excellent leadership skills, including strategic planning, the ability to envision, articulate and manage change, and the ability and desire to work with persons of diverse perspectives.
- Proven ability to manage department organization and staffing levels to meet long and short term plans consistent with high customer service standards and efficient use of corporate resources.
- Proficient management skills, including those pertaining to selection, coaching, performance appraisal, compensation review and conflict resolution.
- Proven ability to identify, evaluate and develop management talent within the business unit.
- Demonstrated excellent communication skills to include verbal, written and presentation skills.
- Ability to accept and facilitate change, whether indicated by corporate needs, market, or regulatory requirements.
- Able to work as part of a team, as well as independently, and with people of diverse backgrounds.
- Demonstrated personal commitment to values held important by Presidential Bank including integrity, long-term commitment, responsiveness, effectiveness, and respect for others.
- Detail oriented with strong organizational skills. Strong skills in Excel, Word, and PowerPoint.
Presidential Bank, FSB is an equal opportunity/affirmative action employer. We consider applicants without regard to race, color, religion, creed, gender, national origin, age, disability, genetic information, marital or veteran status, or any other category protected by federal, state, or local law.
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Salary : $115,000 - $146,000
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