VP, Controller (75990)

Main Street Bank•Marlborough, MA

3d•$140,000 - $225,000•Hybrid

About The Position

This is a high-autonomy leadership seat with true ownership of the accounting function and a clear mandate to strengthen controls, streamline processes and modernize reporting and systems. If you are a hands-on accounting leader who wants latitude to build, develop and shape a team while partnering closely with senior leadership, this role is worth a confidential conversation. Scope and impact include: Leading the close and financial statement process while safeguarding financial integrity Overseeing regulatory reporting (FDIC Call Report, FR Y-9SP, FR 2900, DIF) Owning controls and audit readiness while partnering with auditors and regulators Coordinating cross-functionally with senior management to drive consistency and accountability. What you would walk into: a strong, stable institution with a clear mandate for continuous improvement and growth. The close is currently 3 to 5 business days with opportunity to further standardize reconciliations and reduce manual workarounds. Team and growth: you will lead a team of 2 to 3 including an Assistant Controller with the ability to hire, develop and shape the accounting function. This is a definitive opportunity for growth for someone who wants broader scope and visibility. SUMMARY: Reporting to the Chief Financial Officer, the Controller is responsible for planning, organizing and directing the accounting activities of the Bank to ensure establishment and maintenance of effective financial and internal controls, and timely and through financial management reporting. Responsible for the preparation of annual audited financial statements and footnotes. Oversees the month end and year end processing of bank and all affiliated companies. Financial liaison to internal and external auditors. Manage the production of documents required by such third parties. Additionally, this position embraces the established service culture to maximize their contribution to the Bank’s goals. After successful completion of training and proven abilities, this position is eligible for a hybrid work arrangement with availability expected during core business hours and agreed upon number of days per-week/month on site.

Requirements

Master’s degree in Accounting, Finance, or related field (CPA strongly preferred)
10+ years of accounting experience, in the banking or financial services industry.
Prior experience participating in acquisition integration, transaction support, or public-company accounting and reporting environments preferred.
Significant progressive accounting leadership experience, preferably in banking or financial services
Deep knowledge of GAAP, regulatory reporting, and banking compliance requirements
Proven experience with general ledger systems and financial reporting platforms.
Demonstrated ability to lead teams, manage complex processes, and influence cross-functional stakeholders
Smart Phone - To enable the MFA (Multi Factor Authentication) facilitating access to MSB systems.
Your physical remote location must provide a dedicated workspace that is free from distraction and provides adequate light to be regularly visible on video calls. You must have access to a reliable internet connection with adequate bandwidth to join Teams and other video calls.
Financial Integrity & Accuracy – Demonstrates strict attention to detail and commitment to high-quality financial reporting
Regulatory & Risk Acumen – Strong understanding of regulatory expectations and control environments
Leadership & Talent Development – Builds high-performing teams and develops future leaders
Strategic Thinking & Execution – Aligns accounting operations with organizational goals
Technical Expertise – Serves as a trusted advisor on complex accounting matters
The person in this position frequently communicates with all departments, customers and vendors about required documentation, and therefore must be able to exchange accurate information in these cases.
They will need to use judgment and discretion in decision making situations, interpret and follow all Bank policies and procedures, write/create correspondence letters to vendors, (Main Street Bank’s standard language is English).
As well as the ability to: Speak and effectively present/communicate information and respond to questions from customers, groups of managers, vendors and other employees.
Define problems, collect data, establish facts and draw valid conclusions.
Read, analyze and interpret a variety of documents such as financial statements, accounting system generated reports and Bank policies and procedures,
Occasionally lift and/or move up to 10 pounds, (i.e. files)
Frequently required to remain in a stationary position, greater than 75% of the time
Occasionally required to stoop and bend
Consistently operate a computer for extended periods of time
Specific vision abilities may be required by this job include close vision, distance vision, peripheral vision, depth perception, and ability to adjust focus
Regular use of office productivity machinery (i.e. a calculator, copy machine, fax machine, computer printer).
Occasionally move throughout the inside the Bank to access resources and individuals
Occasional local travel for bank purposes and/or on behalf of the bank (i.e. training).
The employee must be able to work schedules that meet the needs of the bank, which may include early morning, evening and/or weekend hours.
When in the office, it is a general office environment where the noise level is moderate

Nice To Haves

Prior experience participating in acquisition integration, transaction support, or public-company accounting and reporting environments preferred.

Responsibilities

Maintain a broad oversight of all functions within the accounting department, including but not limited to reconciliations, wire transfers, cash positioning, interfacing, postings, accounts payable and other related responsibilities.
In conjunction with the Assistant Controller, ensures all work of the accounting team is accurate, timely and in accordance with various bank policies.
Troubleshooting and resolution of complex accounts payable and accounts receivable issues
On time preparation of month-end reconciliations with supporting documentation for approval.
Assisting with daily/monthly posting of general ledger
Maintain the General Ledger chart of accounts
Become subject matter expert in financial accounting applications i.e. Fixed Assets, GL, AP
Participate in the daily and monthly closing of the Bank’s general ledger and oversee the production of various internal financial reporting packages.
Review all monthly general ledger reconciliations and follow up on the resolution of reconciling items.
Production and review of monthly and annual balance sheet, income statement, and tax reports for various companies including the Holding Companies, subsidiaries, and charitable foundation.
Oversee submission and review of all regulatory reports including but not limited to, FDIC Call Report, FR Y-9SP, FR 2900, and DIF Report.
Develops and maintains working relationships with tax accountants, external auditors, regulators/examiners and internal auditors.
Gathers data and reviews information prepared for audits and tax returns.
Takes a leadership role while completing high-level duties and assignments, provides guidance, error resolution and support to staff with complex and difficult tasks.
Develop accounting staff by providing education, training, and special project opportunities.
Ensures the effectiveness and efficiency of department staff.
Conducts annual performance reviews for directly reporting staff; provides ongoing training, development and coaching to accounting department staff.
Serves as accounting team leader.
Oversee the day-to-day Accounting activities including: Derivatives/SWAPs, cash monitoring and Investments
Responsible for the accurate implementation of existing policies, procedures and systems
Research and interpret new accounting and regulatory pronouncements to determine their financial and operational impact on the organization and recommend actions needed to implement them.
Review and revise accounting policies and procedures when changes are warranted.
Lead pension, BOLI and SERP accounting, reviewing supporting data
Charitable foundation accounting
Participate in the preparation of the Allowance for Credit Loss
Develops quarterly tax reports measuring accruals and expenses/benefits.
Responsible for timely payment of taxes.
Effectively use tools and systems to be able to self-manage, organize, and complete work independently, proactively recognizing potential obstacles resolving them before they become an issue, managing to deadlines, creating action plans when not on track, enabling job functions to happen with minimal oversite and meeting conditions of satisfaction.
Use discretion in dealing with large amounts of sensitive, confidential information, while adhering to all Bank policies and procedures
Adhere to all company policies, consistently demonstrating our core values and service standards
In the performance of respective tasks and duties, the employee is expected to maintain knowledge of and ensure compliance with Bank Secrecy Act regulations and adheres to compliance procedures and internal/operational risk controls in accordance with all applicable regulatory standards, requirements and policies as well as attending all required training sessions and completing all required on-line training courses.
Regular and consistent attendance is required to ensure a high standard of customer service.
Other duties as assigned, performing similar or related work as directed, required, or as situation dictates.