Job Description

Job Description

Job Description

Position Overview:

The bank controller is a senior-level financial professional responsible for overseeing and managing the daily accounting and financial reporting functions of a bank. This role is crucial in ensuring the accuracy of financial records, maintaining internal controls, and ensuring compliance with regulatory requirements. The controller plays a key role in financial planning, analysis and reporting to senior management and Board of Directors.

Primary Duties:

Financial reporting

• Preparing and publishing accurate financial statements, such as income statements, balance sheets, and cash flow statements, for both internal management and external auditors.
• Prepares financial statements and develops and maintains internal financial controls.
• Prepares and ensures accuracy of monthly reports to be presented to the Board of Directors and senior management

Budgeting and forecasting

• Coordinating the preparation of budgets and financial forecasts, analyzing budget variances, and providing insights to support decision-making and improve financial performance.

Internal controls

• Designing, implementing, and monitoring internal control systems to prevent errors, fraud, and mismanagement of funds. This includes overseeing internal and external audits.

Compliance

• Ensuring adherence to relevant accounting principles, industry regulations, and federal, state, local tax laws. This includes staying updated on changes in tax laws and regulations affecting the bank's operations.
• Provides oversight of tax and accounting issues for the bank and all affiliates.

Financial analysis

• Analyzing financial data to identify trends, potential risks, and opportunities for improvement.
• Makes recommendations relating to budget preparation, profit forecasts and operational changes as needed.
• Assists in analysis of new branch site locations and closing of existing branches.
• Responsible for effective management of capital adequacy and asset/liability management.

Team leadership

• Managing and developing the accounting team, providing guidance and training to enhance their skills and performance.

Education and skills:

• Minimum Bachelor’s degree in Business Administration, Accounting, Finance or related field preferred.
• Minimum of five or more years of experience in an accounting or financial manager role.
• Strong background in a financial institution accounting, auditing and Federal, State and Local tax laws, Federal and State Banking regulations and policies and procedures related to procurement.
• Background in banking preferred.
• High-level analytical and communication skills.
• Excellent computer and spreadsheet skills
• Professional certification, such as CPA (certified public accountant) or CA (chartered accountant)
• Ability to dynamically lead, support and develop the accounting team

Citizens State Bank also offers the following benefits:

• Medical, Dental, Vision, Health Savings account
• Wellness incentives with rewards $$, Health Savings Employer match, Health Reimbursement accounts
• Short and Long Term disability (employer paid after 1 year)
• 401K retirement savings with employer match
• Employee Relief Fund
• Tuition reimbursement
• Employee Assistance Program
• Annual Employee Recognition
• Company Logo Wear
• Paid Holidays, PTO, Volunteer, Bereavement

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