Controller & Finance Department Manager

Citizens Bank - Oregon•Corvallis, OR

6d•Onsite

About The Position

The Controller is responsible for leading, directing and providing support to all members of the Finance Department. The individual is responsible for developing and implementing effective internal control over financial and regulatory reporting, and ensuring compliance with Bank policies, procedures, generally accepted accounting principles (“GAAP”), laws and banking regulations. The Controller will establish and maintain the Bank’s fiscal record-keeping system, ensuring the timely, complete and accurate recording of all financial transactions.

Requirements

Bachelor’s degree in accounting, finance, or another business-related field, with a master’s degree preferred (or equivalent experience).
Six to ten years of progressively responsible accounting or finance experience, preferably with small- to mid-sized financial institutions.
Advanced knowledge of US GAAP, state and federal banking laws and regulations, federal, state and local tax laws, and common accounting policies and procedures in the banking industry.
Advanced skills in developing, monitoring, and maintaining effective internal control over financial reporting under FDICIA and/or the Sarbanes-Oxley Act. Extensive documentation of accounting strategies and procedures consistent with Board approved policies is required.
Advanced skills related to overseeing the financial statement close process, including consolidation and reporting of Bank financial and operational results. This includes regular reporting to state and federal regulatory bodies, as well as other stakeholders.
Advanced data mining skills required with advanced skills using Microsoft Excel to manipulate and summarize data.
Working knowledge of human resource practices and relevant labor laws.
Excellent organizational and time management skills, with the ability to provide leadership, supervision and training for one or more employees using positive supervisory techniques to ensure maximum productivity; demonstrated ability in organization and delegation skills.
Ability to work independently while performing duties.
Exceptional verbal, written and interpersonal communication skills with the ability to apply common sense to carry out instructions and instruct others, train personnel, write reports, correspondence and procedures, speak clearly to customers and employees.
Ability to address complex problems involving multiple facets and variables in non-standardized situations.
Exhibit a professional, business-like appearance and demeanor.
Ability to clearly speak, hear, see, and communicate with co-workers, vendors and other stakeholders.
Ability to stand or sit for extended periods of time.
Ability to perform repetitive finger, hand, and arm movements.

Nice To Haves

Certified Public Accountant (CPA) preferred.

Responsibilities

Design, establish, and maintain effective internal control over financial reporting.
Monitor and maintain the general ledger daily, ensuring the timely, complete and accurate recording of all financial transactions in accordance with GAAP. Oversee the reconciliation and certification of all balance sheet accounts.
Consolidate Citizens Bancorp (the “Company”) and Citizens Bank financial statements monthly, ensuring proper elimination of intercompany transactions.
Oversee preparation of the Company’s monthly Board financial reporting package, including supporting documentation describing capital adequacy, shareholder activity, Bank liquidity, contingency funding, and other reports as desired by the Board. Produce the Company’s annual audited financial statements, including all notes to the financial statements.
Oversee the preparation and filing of all required regulatory reports, including the quarterly call report, annual summary of deposits, bank holding company reports, public funds, collateral pledging certifications, and other reports as assigned.
Develop, enhance, and oversee the Bank’s annual budgeting process, providing material support to each branch and department. This process includes the gathering and combining of branch and department budgets into a comprehensive, Bank-wide budget. Provide monthly reporting to branches and departments to support accountability to the budget.
Oversee the independent audit of financial statements and act as the primary point of contact for financial statement auditors. Coordinate the development, preparation, gathering and remittance of all supporting documents.
Provide material support for periodic regulatory examinations and internal audits including the development, preparation, gathering, and remittance of supporting documents.
Oversee the calculation and recording of the monthly and annual tax provisions, including the calculation, assessment, and recording of all deferred tax assets and liabilities.
Gather, review, and submit documentation to third-party tax accountants supporting quarterly estimated tax payments. Remit estimated tax payments. Review and approve all income tax returns, as provided by the Bank’s third-party tax accountants.
Manage and pay property taxes on all bank-owned property.
Prepare an annual Capital Plan for review and approval by the Board, monitoring both financial and regulatory measures of capital adequacy. The Capital Plan must include robust capital stress testing.
Monitor and certify the Bank’s daily liquidity position, tracking both the Bank’s asset-based and contingent liquidity positions. Maintain multiple secured and unsecured borrowing lines, testing those lines regularly, consistent with the Board-approved Contingency Funding Plan.
Support the Chief Financial Officer and the Chief Credit Officer in calculating and validating the allowance for credit losses.
Coordinate the quarterly preparation of the Bank’s internal ERM analysis by gathering information from key stakeholders about critical risks and management’s efforts to avoid, reduce, mitigate, and manage risk.
Work with a third-party vendor to prepare and analyze the Bank’s quarterly Asset Liability Modeling (ALM). Assess key assumptions driving modeling results and make changes where appropriate. Analyze the Bank’s predicted exposure to net income and the economic value of equity under various interest rate scenarios, making strategic recommendations to mitigate those risks.
Actively manage relationships with certain third-party vendors, supporting the Bank’s Third-Party Risk Management Policy and procedures.
Oversee the Accounts Payable process, ensuring that internal control is maintained to minimize the risk of fraud and errors.
Ensure proper review and approval of all invoices prior to payment and sign all Accounts Payable checks.
Provide support to the Bank’s Stock Transfer Agent, meeting with shareholders as appropriate.
Assist Executive Management and the Board in managing shareholder relations.
Assist in the preparation and mailing of the annual proxy statements, the aggregation and reporting of shareholder votes. Provide support with the dividend declaration and payment process, and review documentation supporting dividends declared and paid.
Oversee the Bank’s primary cash balances at the Federal Reserve, Federal Home Loan Bank and other correspondent banks, managing relationships with key individuals at each institution. Monitor daily balancing of cash accounts and maintenance of borrowing lines.
Provide support to Finance employees in maintaining appropriate Board communications, including the development and posting of all Board materials.
Provide leadership, training, guidance, and direct supervision to the employees of the Finance Department.
Ensure strict adherence to applicable Bank policies, procedures, accounting principles, laws and banking regulations. Maintain absolute discretion and confidentiality with all shareholder and Board information.
Build, develop, and maintain positive working relationships with executives, managers and employees throughout the Bank.
Responsible for completing all training courses assigned.
Serve on the Bank’s Management 401(k) Committee.
Assume responsibility for special projects and other duties as assigned.