Vast Bank-posted about 21 hours ago
Full-time • Director
Onsite • Tulsa, OK
101-250 employees

Vast Bank is looking to hire an SVP, Director of Accounting! About Vast Bank Since February of 1982, we've been a financial institution that has served customers in Northeast Oklahoma and beyond. Our deep roots in the community and commitment to personal service have enabled us to grow alongside our customers, creating conveniences and solutions to fit unique problems and lifestyles. For over 40 years, we've built a legacy on personal service, flexibility, strength, and integrity. Now, with bold leadership and a renewed commitment to customer-centricity, we're aiming higher for the next 40 years. New ideas, strong partnerships, and modern technology will accompany a winning culture to deliver more control and a surprisingly easy banking experience. We're a company that believes in taking care of the people who make working here possible. In addition to competitive compensation, we offer a leading employee benefit package: Comprehensive benefits package & 401(k) match Professional development- opportunities for advancement! Tuition assistance Transit reimbursement Paid time off & more! Qualifications Summary of Role The Director of Accounting works closely with the CFO and Controller to ensure adherence to Generally Accepted Accounting Principles and compliance with relevant bank regulatory accounting rules and guidance. This role drafts the annual audited financial statements and related footnotes and is responsible for deploying new accounting standards. Reviews reconciliations, journal entries and call report drafts. Prepares monthly financial statements for distribution to the Board of Directors and management. Prepare board reports alongside the CFO. Responsible for the annual budget and capital planning process alongside the CFO. Responsible for the Books and Records and Asset Liability Committee (ALCO) Policy maintenance and adherence.

  • Manage & train direct reports to maximize productivity, efficiency, and the potential of the human assets of the company, including: hiring, directing job assignments, monitoring staff performance, coaching, counseling, training, assuring compliance with regulatory requirements and organizational mission, values, policies and work rules. Appraise performance and provide recommendations for staff compensation, promotion, and termination, as appropriate.
  • Maintain and improve internal controls and processes
  • Prepare monthly financial and board reports.
  • Prepare monthly forecast updates.
  • Prepare and manage the annual budget and capital planning process alongside CFO.
  • Review fixed assets
  • Prepare and/or oversee the production of various quarterly and annual reports (i.e. Quarterly Call Report, ad hoc reports and studies, etc.) and assist in preparations and response to questions tied to the annual audit and exam to support the efficient operations of the company.
  • Work with ALCO provider to produce quarterly ALCO packages and schedule ALCO meetings.
  • Responsible for review of all accrual entries (except tax and general valuation allowances and the establishment of reserves as needed.
  • Assist Controller with review the status of cash account reconciliations weekly; balance sheet reconciliations monthly and direct research/corrections necessary.
  • Promotes all aspects of any department project and allocates financial and talent resources appropriately.
  • Direct the development and monthly review of financial to assure accurate and timely financial information is provided to management and the Board of Directors to effectively manage the operations and be accountable to its customers and regulatory agencies.
  • Review the quarterly credit impairment calculations and provide timely feedback to Credit Risk Management.
  • Must comply with all company policies and procedures, applicable laws and regulations, including but not limited to, the Bank Secrecy Act, the Patriot Act, and the Office of Foreign Assets Control.
  • Minimum 10 years of experience in accounting and finance
  • Bachelor’s Degree in, Accounting, Finance, Economics with relevant prior work experience in related field. A CPA is required.
  • Comprehensive benefits package
  • 401(k) match
  • Professional development- opportunities for advancement!
  • Tuition assistance
  • Transit reimbursement
  • Paid time off
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