Controller

F&M Bank•Timberville, VA

6h•Onsite

About The Position

The Controller is responsible for the overall integrity, accuracy, and timeliness of the Bank’s accounting and financial reporting functions. This role oversees general ledger operations, financial statement preparation, regulatory reporting support, internal controls, and accounting policy compliance. The Controller ensures adherence to GAAP, banking regulations, and internal governance standards while supporting strategic financial planning and operational decision-making. Essential Duties: Financial Accounting & Reporting Direct and manage the Bank’s general ledger, month-end, and year-end close processes. Prepare and review accurate and timely financial statements in accordance with GAAP. Ensure consistency and accuracy across internal and external financial reports, disclosures and related analyses. Oversee accounting for loans, accounting for credit losses, investments, deposits, borrowings, fixed assets, equity, and share-based compensation. Regulatory & Compliance Support Support preparation and review of regulatory financial schedules and call report data. Ensure accounting practices align with applicable federal and state banking regulations. Partner with Compliance and Risk Management to address examiner inquiries related to accounting and financial reporting. Internal Controls & Governance Maintain and enhance internal accounting controls to safeguard Bank assets. Ensure compliance with internal control frameworks and audit standards. Document and maintain accounting policies and procedures. Audit & Examiner Coordination Serve as a primary liaison for internal and external auditors related to accounting matters. Coordinate audit schedules for the department, provide required documentation, and respond to audit findings. Support management’s remediation of audit and examination issues. Leadership & Team Management Lead, coach, mentor, and develop accounting staff to ensure operational excellence and succession planning. Promote a culture of accountability, accuracy, and continuous improvement. Evaluate staffing levels, workflows, and systems to optimize efficiency. Strategic & Operational Support Partner with the CFO on budgeting, forecasting, and financial analysis. Provide accounting guidance on new products, services, and strategic initiatives. Support system conversions, process improvements, and automation efforts. Supervisory Responsibilities: Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws to include recruitment and hiring, coordinating training for new hires, assigning and directing managers as needed, appraising performance, rewarding and disciplining employees, addressing complaints and resolving problems. Other Duties: This job description is not designed to be an exhaustive list of duties. Duties, responsibilities, and activities may change at any time with or without notice.

Requirements

Strong knowledge of GAAP and bank-specific accounting practices.
Knowledge of automated general ledger environment.
Familiarity with regulatory reporting requirements and examiner expectations.
Possess effective interpersonal skills to relate to all audiences.
Proficient organizational skills with ability to function in a flexible work environment.
Excellent pc skills to include MS Office products with experience in Word and Excel.
Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, governmental regulations, and financials.
Ability to communicate effectively orally and/or in writing.
Ability to respond to questions from all audiences.
Ability to calculate figures and amounts for all bank financials.
Ability to respond to sensitive inquiries.
Ability to concentrate for extended periods of time with attention to detail.
Ability to prioritize and meet deadlines.
Ability to work independently with limited supervision.
Ability to work with and maintain confidential information.
Ability to maintain composure under pressure.
Bachelor’s degree in accounting, Finance, or related field.
A minimum of seven years’ related accounting experience or equivalent combination of education and experience.

Nice To Haves

Experience with financial institutions’ audits and preparation of bank regulatory and SEC reports preferred but not required.
Supervisory experience preferred.
CPA license preferred but not required.

Responsibilities

Financial Accounting & Reporting Direct and manage the Bank’s general ledger, month-end, and year-end close processes.
Prepare and review accurate and timely financial statements in accordance with GAAP.
Ensure consistency and accuracy across internal and external financial reports, disclosures and related analyses.
Oversee accounting for loans, accounting for credit losses, investments, deposits, borrowings, fixed assets, equity, and share-based compensation.
Regulatory & Compliance Support Support preparation and review of regulatory financial schedules and call report data.
Ensure accounting practices align with applicable federal and state banking regulations.
Partner with Compliance and Risk Management to address examiner inquiries related to accounting and financial reporting.
Internal Controls & Governance Maintain and enhance internal accounting controls to safeguard Bank assets.
Ensure compliance with internal control frameworks and audit standards.
Document and maintain accounting policies and procedures.
Audit & Examiner Coordination Serve as a primary liaison for internal and external auditors related to accounting matters.
Coordinate audit schedules for the department, provide required documentation, and respond to audit findings.
Support management’s remediation of audit and examination issues.
Leadership & Team Management Lead, coach, mentor, and develop accounting staff to ensure operational excellence and succession planning.
Promote a culture of accountability, accuracy, and continuous improvement.
Evaluate staffing levels, workflows, and systems to optimize efficiency.
Strategic & Operational Support Partner with the CFO on budgeting, forecasting, and financial analysis.
Provide accounting guidance on new products, services, and strategic initiatives.
Support system conversions, process improvements, and automation efforts.
Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws to include recruitment and hiring, coordinating training for new hires, assigning and directing managers as needed, appraising performance, rewarding and disciplining employees, addressing complaints and resolving problems.