Controller

Mascoma Bank • White River Junction, VT

38d • Hybrid

About The Position

The Controller is a key leader within the Finance function that is responsible for ensuring financial information is accurate, timely, and compliant with regulatory and accounting standards. This role oversees all aspects of the Bank’s accounting functions, including general ledger management, technical and product accounting, the monthly close process, accounts payable, fixed assets, and taxes. The Controller also oversees the Bank’s internal control framework and partners closely with internal auditors, external auditors and various internal stakeholders.

The Controller reports to the CFO and directly supervises the accounting team. The role requires deep technical expertise in banking accounting, strong leadership of cross functional teams, and the ability to balance operational precision with continuous improvement.

Requirements

• Minimum of Bachelor's degree in accounting and 10+ years of related experience, including supervisory responsibilities.
• Strong knowledge and understanding of GAAP and FASB
• Ability to understand complex accounting issues, such as internal software development, derivatives and portfolio layer accounting, and subsidiaries and subsidiary consolidation.
• Able to review accounting guidance and implement controls and processes that adhere to GAAP and FASB standards.
• Extensive experience with general ledger and account reconciliation systems, as well as report building software; strong knowledge of excel.
• Strong computer skills.
• Good interpersonal communication; ability to manage people in a hybrid or remote capacity.
• Able to maintain confidentiality and privacy
• Professional appearance; grooming and dress consistent with Mascoma Bank appearance policy

Nice To Haves

• CPA or Master’s Degree
• Experience with FDICIA internal controls
• Experience with regulatory reporting and compliance requirements

Responsibilities

• Manages all aspects of the general ledger, including GL account creation, mapping, and maintenance.
• Oversees the daily balancing of the Bank’s account at the Federal Reserve Bank, as well as all other correspondent banks. Ensures end of day balancing with CDARs and ICS.
• Manages the month-end close process, including coordination with all stakeholders to ensure a timely and accurate month-end close.
• Oversees the accounting for the Bank’s subsidiaries, including consolidation and intercompany eliminations are accurate and in accordance with GAAP.
• Oversees the preparation of all accounting accruals, ensuring entries are recorded to the GL in an accurate and timely manner.
• Oversees the accounting for the Bank’s primary products and activities including loans, deposits, investment securities, BOLI, and derivatives.
• Oversees the accounting for the Bank’s leases in accordance with GAAP.
• Manages the daily and monthly reconciliation process to ensure all reconciliations are complete and accurate. Follows up on variances and out-of-balances to ensure timely resolution. Acts as a subject matter expert for balancing that occurs throughout the Bank.
• Manages the Bank’s Fixed Asset system including supervising the maintenance, accounting and reporting of all fixed assets.
• Oversees the Accounts Payable function including the timely and accurate recording, distribution and payment of invoices. Supervises the maintenance of vendor records for tax reporting.
• Manages the Bank’s corporate insurance policies, including coordination with brokers for renewals and claims.
• Coordinates internal and external audits of the Finance function, ensuring timely receipt of deliverables and follow-ups.
• Oversees the Bank’s FDICIA internal control framework and partners with control owners across the Bank to ensure controls are appropriately documented.
• Coordinates with the Bank’s external income tax subject matter experts to ensure timely and accurate income tax accounting and reporting.
• Maintains and updates policies and procedures for the accounting function.
• Supervises an accounting team, committing time to develop team members and ensuring necessary back up and coverage.
• Performs additional duties or analyses as requested.

Benefits

• Competitive compensation.
• Flexible work environment with onsite, remote and hybrid opportunities.
• Career development and internal career mentorship.
• Comprehensive health care, dental care, and vision.
• 401(K) Program: 4% safe harbor employer match on top of 5% non-elective contributions following one year of service.
• Generous PTO starting at 22 days per year, not including 11 paid holidays and 16 hrs. of Volunteer Time Off.
• Tuition Reimbursement.
• Student Loan Paydown and so much more!

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level