Corporate Controller POST NUMBER: 445226
Job Overview: In this role, the Corporate Controller will be responsible for preparing and reviewing monthly, quarterly, and annual financial statements, ensuring that all reports adhere to Generally Accepted Accounting Principles (GAAP). The position requires overseeing the consolidation of financial statements and ensuring timely and accurate reporting to senior management, the Board of Directors, and regulatory agencies. Additionally, the Corporate Controller will perform monthly Current Expected Credit Loss (CECL) accounting and reporting, coordinate the external audit process, and manage day-to-day accounting operations, including accounts payable, fixed assets, taxes, and general ledger reconciliation processes. The Corporate Controller will also develop and maintain accounting policies and procedures to ensure compliance with financial regulations and best practices. This includes overseeing the filing of Federal and State tax returns and monitoring accounting systems to identify and implement improvements. The role demands staying updated on changes in financial regulations and implementing necessary changes in accounting practices to ensure compliance with all relevant financial regulations, including the Federal Deposit Insurance Corporation Improvement Act (FDICIA). Moreover, the Corporate Controller will lead the preparation and execution of the company's annual financial plan and budget, supervise and mentor a team of accounting professionals, and foster a collaborative and high-performance work environment. This position requires effective communication and collaboration with senior management and other departments to support strategic financial planning and decision-making, providing financial insights and analysis to assist in evaluating business opportunities and risks.
Responsibilities
• Prepare and review monthly, quarterly, and annual financial statements, ensuring accuracy and adherence to GAAP.
• Oversee the consolidation of financial statements and ensure timely and accurate reporting to senior management, the Board of Directors, and regulatory agencies.
• Perform monthly CECL accounting and reporting.
• Coordinate the external audit process and provide necessary documentation and explanations.
• Manage day-to-day accounting operations, including accounts payable, fixed assets, taxes, FDICIA, lease accounting, general ledger, and reconciliation processes.
• Develop and maintain accounting policies and procedures to ensure compliance with financial regulations and best practices.
• Oversee the filing of Federal and State tax returns and monthly and quarterly tax provisions with the assistance of Third-Party Tax consultants.
• Monitor and review accounting systems and processes to identify and implement improvements.
• Ensure compliance with all relevant financial regulations, including FDICIA, and other regulatory requirements.
• Prepare and submit regulatory reports and documentation as required by financial regulatory bodies.
• Stay updated on changes in financial regulations and implement necessary changes in accounting practices.
• Develop and enforce internal controls to safeguard company assets and ensure accuracy in financial reporting.
• Conduct periodic audits and assessments of financial processes and controls to identify and address potential risks.
• Lead the preparation and execution of the company's annual financial plan and budget.
• Supervise, mentor, and develop a team of accounting professionals, including accountants and financial analysts.
• Set performance goals, provide feedback, and conduct performance evaluations for team members.
• Foster a collaborative and high-performance work environment.
• Collaborate with senior management and other departments to support strategic financial planning and decision-making.
• Provide financial insights and analysis to assist in the evaluation of business opportunities and risks.
Requirements:
• Bachelor's degree in Accounting, Finance, or a related field.
• A Master's degree or MBA is preferred.
• CPA (Certified Public Accountant) or equivalent certification required.
• Minimum of 10 years of experience as a Controller in the banking or financial services industry.
• Proven experience with accounting and financial reporting, regulatory compliance, and internal controls.
• Strong understanding of financial regulations, accounting principles, and banking operations.
• Excellent analytical and problem-solving skills with attention to detail.
• Proficient in accounting software and Microsoft Office Suite (Excel, Word, PowerPoint).
• Strong leadership and team management abilities.
• Effective communication and interpersonal skills, with the ability to work collaboratively with various stakeholders.
Determining compensation for this role (and others) at Vaco/Highspring depends upon a wide array of factors including but not limited to the individual’s skill sets, experience and training, licensure and certifications, office location and other geographic considerations, as well as other business and organizational needs. With that said, as required by local law in geographies that require salary range disclosure, Vaco/Highspring notes the salary range for the role is noted in this job posting. The individual may also be eligible for discretionary bonuses, and can participate in medical, dental, and vision benefits as well as the company’s 401(k) retirement plan.
Vaco by Highspring values a diverse workplace and strongly encourages women, people of color, LGBTQ+ individuals, people with disabilities, members of ethnic minorities, foreign-born residents, and veterans to apply.
EEO Notice
Vaco by Highspring is an Equal Opportunity Employer and does not discriminate against any employee or applicant for employment because of race (including but not limited to traits historically associated with race such as hair texture and hair style), color, sex (includes pregnancy or related conditions), religion or creed, national origin, citizenship, age, disability, status as a veteran, union membership, ethnicity, gender, gender identity, gender expression, sexual orientation, marital status, political affiliation, or any other protected characteristics as required by federal, state or local law.
Vaco by Highspring and its parents, affiliates, and subsidiaries are committed to the full inclusion of all qualified individuals. As part of this commitment, Vaco by Highspring and its parents, affiliates, and subsidiaries will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact HR@vaco.com .
Vaco by Highspring also wants all applicants to know their rights that workplace discrimination is illegal.
By submitting to this position, you agree that you will be giving Vaco by Highspring the exclusive right to present your as a candidate for the foregoing employment opportunity. You further agree that you have represented information about yourself accurately and have not affirmatively misrepresented your qualifications. You also agree to maintain as confidential, to the fullest extent permitted by law, any information you learn from Vaco by Highspring about the position and you will limit disclosure of information about the position only to the extent necessary to perform any obligations in furtherance of your application. In exchange, Vaco by Highspring agrees to exercise reasonable efforts to represent you through all solicitation, job screening and resume dispersal.
Privacy Notice
Vaco by Highspring and its parents, affiliates, and subsidiaries (“we,” “our,” or “Vaco by Highspring”) respects your privacy and are committed to providing transparent notice of our policies.
- California residents may access Vaco by Highspring HR Notice at Collection for California Applicants and Employees here.
- Virginia residents may access our state specific policies here.
- Residents of all other states may access our policies here.
- Canadian residents may access our policies in English here and in French here.
- Residents of countries governed by GDPR may access our policies here.
Pay Transparency Notice
Determining compensation for this role (and others) at Vaco by Highspring depends upon a wide array of factors including but not limited to:
- the individual’s skill sets, experience and training;
- licensure and certification requirements;
- office location and other geographic considerations;
- other business and organizational needs.
With that said, as required by local law, Vaco by Highspring believes that the following salary range referenced above reasonably estimates the base compensation for an individual hired into this position in geographies that require salary range disclosure. The individual may also be eligible for discretionary bonuses.