Chief Accounting Officer

About the position

John Marshall Bank has an immediate opening for a Chief Accounting Officer. The Chief Accounting Officer will oversee accounting policies, procedures, controls, and implementation thereof. The successful candidate will collaborate with cross-functional teams with accurate and timely financial reporting and analysis to support and enable strategic decision-making. This position reports to the Chief Financial Officer and works closely with the executive management team to support the strategies and goals of the bank and holding company. The Chief Accounting Officer is responsible for leading, managing, planning, and coordinating the accounting and external financial reporting functions of the company, to include but not limited to, the production of periodic financial reports, maintenance of an appropriate system of accounting records, and a comprehensive set of controls designed to mitigate risk, manage cost, enhance the accuracy of the company's reported financial results, and ensure that reported results comply with generally accepted accounting principles and regulatory and financial reporting standards.

Responsibilities

• Manage the bank's and holding company's accounting and external financial reporting process by maintaining appropriate internal controls, planning and directing activities of staff, and ensuring the availability of timely and accurate financial data.
• Produce timely and accurate financial reports for various users, including but not limited to executive management, auditors, and regulatory authorities.
• Supervise the management of daily accounting processes including investment security accounting, accounts payable, fixed assets, prepaid expenses, accrued expenses and other accounts.
• Manage production of monthly financial reports, forecasts, and variance analyses.
• Maintain best-in-class risk, audit, and compliance practices.
• Manage and maintain the general ledger system and other accounting systems.
• Collaborate with the CFO on strategies related to Asset Liability Management (ALCO), liquidity, budgeting, financial and profitability analysis.
• Provide leadership over the processes and reporting of the annual operating budget process and bank's performance. Monitor and analyze financial results relative to budget and/or other metrics.
• Coordinate the accurate and timely filing of tax returns (state and federal) and the preparation of tax provisions for the proper recognition of tax-related amounts in the general ledger and financial statements.
• Demonstrate leadership and resourcefulness in all interactions with employees, colleagues, and internal and external customers.
• Analyze transactions to determine the appropriate accounting treatment and ensure that financial reports are prepared in accordance with GAAP, regulatory requirements, and/or other regulatory guidelines. Provide accounting guidance, leadership, and directions to the company's departments.
• Oversee the preparation of FDIC, Federal Reserve and Virginia Bureau of Financial Institutions periodic reports.
• Own primary responsibility for the company's views on technical accounting matters.
• Monitor and research new accounting pronouncements and developments. Implement accounting policies, procedures, standards, pronouncements, and principles, as promulgated by authoritative bodies (FASB, AICPA, SEC, FDIC, etc.). Identify actual and probable financial impact(s) of the new pronouncements.
• Maintain proficient knowledge of and ensure bank activities applicable to assigned areas of oversight are performed in compliance with all state and federal banking laws, regulations, and internal policies.
• Provide direct reports with proper tools and authority to execute their assigned functions. Develop skills of staff through goal setting, coaching, problem resolution, delegation, training, counseling, and performance management.
• Complete on-going courses to maintain required continuing education requirements.

Requirements

• Professional credential as a Certified Public Accountant (CPA)
• Bachelor's degree in Business, Finance, Accounting or relevant discipline- required.
• At least 5 years SEC reporting experience
• A minimum of 10 years of recent progressively responsible accounting/finance experience in a leadership role - banking industry experience- desired.
• Strong leadership and managerial skills - Demonstrated ability to ensure the development of a high-performing group by leading, inspiring and coaching a team professionals, facilitate cooperation and motivate team members to accomplish individual and group goals.
• Exceptional Customer Service skills for internal and external customers
• Advanced use and understanding of MS Office products (Word, Excel, Outlook), with the ability to learn and adapt to new technologies quickly.
• Advanced knowledge of finance, GAAP accounting, and SEC reporting.
• Strong communication skills, including effective questioning strategies and presentation skills and the ability to communicate effectively, clearly and persuasively in a variety of settings, formats, and audiences.
• Ability to translate complex financial concepts to individuals at all levels including finance and non-finance members.

Nice-to-haves

• Unquestionable integrity in handling sensitive and confidential information required.
• Strategic approach to decision-making with proven ability to analyze information, develop strategies and deliver results; demonstrated ability to develop and maintain strong working relationships to achieve strategic objectives.
• Advanced quantitative and analytical skills are required to analyze statistical information, demonstrating proficiency performing data analysis to support business decisions through financial modeling, graphical presentation, and analytical writing.
• Strong problem-solving, attention to detail, organizational, data review and time management skills, with the ability to accurately manage multiple assignments, goals, reporting requests and staffing schedules, ensuring priorities are set and commitments and deadlines are met, with minimal oversight and direction.
• Ability to understand and apply principles, procedures, compliance requirements, state/federal regulations, and policies related to assigned area of oversight.

Benefits

• Medical
• Dental
• 401K Retirement Plan w/ an Employer Match (4% match on 5% contributions - this is highly competitive compared to other organizations)
• Vision
• Employee Assistance Program
• Flexible Spending
• Transit Reimbursement
• Dependent Day Care
• Long Term Care
• Paid Time Off
• Life and Disability Coverage