VP Controller

POSITION SUMMARY:

Coordinates and manage day-to-day operations and personnel of accounting department. Oversee the daily operations of all accounting functions. Performs direct assignments from the CFO; Responsible to determine that the Bank complies with laws and regulations applicable to financial matters Responsible for all regulatory reporting requirements

DUTIES AND RESPONSIBILITIES:

The duties listed below are intended only as illustrations of the various types of work that may be performed. The omission of specific statements of duties does not exclude them from the position if the work is similar, related or a logical assignment to this position.

· Directs the general accounting group and is responsible for maintaining a system to account for the financial activities of the Bank and Holding Company.

· Responsible for managing the Accounts Payable process, Liquidity Management, General Accounting areas to ensure that each area is functioning appropriately and that reports are produced are accurate and prepared on a timely basis.

· Provide assistance to other corporate departments regarding accounting related matters.

· Responsible for managing the Accounts Payable process and Cash Management and ensuring the accuracy and timeliness of these processes.

· Responsible for the managing and overseeing the monthly general ledger certification process.

· Responsible for the daily review and oversight of the daily changes to the balance sheet and income statement and report significant changes to management

· Responsible for the handing the accounting for bank-owned life insurance “BOLI”.

· To maintain legal cash liquidity as required; and make recommendation to CFO to invest excess cash and liquidity funds, considering optimum return and safety of investment; to sell or redeem liquidity funds to provide cash; to recommend borrowing from the Federal Home Loan Bank

· Responsible for preparation and review of the quarterly FDIC Call Report and other regulatory reports related to the Holding Company such as the FRY reports.

· Responsible for reviewing the preparation of the financial statements for the Asset/Liability and Board of Directors and preparation and delivery of the financial highlights.

· Coordinate the audit of the accounting area (accounting, accounts payable and fixed asset areas) and providing requisite information for the accounting area for regulatory examinations and external auditors.

· Responsible for the general ledger closing process and ensuring all entries are recorded in compliance with Generally Accepted Accounting Principles.

· Preparing annual performance reviews for all staff within the accounting area.

· Updating and maintaining accounting policies and procedures and ensuring that they are approved on an annual basis.

· Coordinates the training of department personnel on bank compliance policies and procedures.

· Implements research and/or analysis of accounts, process and systems as directed by the CFO.

· Performs other duties or assignments as requested by management.

Job Type: Full-time

Pay: $100,000.00 - $120,000.00 per year

Benefits:

• 401(k) matching
• Dental insurance
• Employee assistance program
• Flexible spending account
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Physical Setting:

• Office

Schedule:

• 8 hour shift

COVID-19 considerations:
All employees are required to be vaccinated

Ability to commute/relocate:

• West Covina, CA 91792: Reliably commute or planning to relocate before starting work (Preferred)

Experience:

• CPA: 10 years (Required)
• Banking: 5 years (Preferred)

Work Location: One location