Chief Accounting Officer

The Freedom Bank of Virginia•Fairfax, VA

About The Position

Responsible for the Accounting and Finance Department for Freedom Financial Holdings, and The Freedom Bank of Virginia’s (“FDVA” or the “Bank”) day-to-day activities with respect to the Bank’s general accounting systems, internal and external financial reporting, enterprise-wide control environment, timely/accurate payment processing, and timely/accurate payroll processing, and processing of stock based compensation to include restricted shares grants, vesting, and forfeitures. The CAO manages a department of four or five staff to accomplish the same.

Requirements

Strong understanding of GAAP.
Efficient and effective in conducting research to cite authoritative accounting guidance for various positions taken within the Bank.
Familiar with corporate taxation, including, but not limited to, effective tax rate calculations, quarterly tax provision calculations, conducting state nexus studies, and general tax mitigation strategies.
Familiar with payroll withholding taxes.

Responsibilities

Oversight and maintenance of all general ledger accounts within the consolidated entity.
Ensuring that loan reconciliations are prepared/reviewed timely and appropriately archived.
Assisting in the preparation of the annual budget, forecasting, and subsequent reporting process.
Reviewing all financial reporting to be filed with third party entities.
Ensuring accurate and timely preparation of monthly, quarterly, and annual financial reports including, but not limited to: Call Report, Periodic Equity Reports/Forms 4, 5, Earnings Release/10Q, Annual Report/10K, State and Federal Tax Filings, Regulatory filings with Federal Reserve, Regulatory filings with State Corporation Commission.
Implementing and maintaining an enterprise-wide risk-based control environment within the Bank.
Collaborating with all departments of the Bank to ensure that adequate controls are in place and that they are being appropriately documented.
Writing and updating procedures.
Responding to external and internal audit requests and maintaining the necessary documentation.
Regular attendance of various internal committee meetings including, but not limited to Board, Risk & Audit Committee, Pricing and Investment Committee, CECL Committee, Board ALCO, and other meetings as required.
Ensuring timely preparation of committee documentation and thorough review of committee packages prior to attendance.
Managing/communicating with state and local taxing authorities.
Overseeing the staff responsible for preparation of financial reports used in Asset/Liability Management Operations.
Assisting in the preparation of the annual budget and periodic forecasts.
Recording and settling borrowings, investment purchases and sales and interfacing with Deposit Ops and the Wire Room when necessary to move money.