Accounting/Finance

Department:              Executive

Reports To:                President/CEO

Supervises:                 Accounting

 SUMMARY

Direct financial and accounting activities of the financial institution

 ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.

Coordinate the preparation of financial statements including IOQ and IOK, annual report and audited financial statements

Maintain bank Investments financial records

Oversees the Federal Reserve reporting which includes: call report; Y8; Y9; weekly reports and various other reports

Oversee the asset and liability software model monthly and prepare Board Reports and ALCO reports including financial reports, cash management and forecasting reports

Coordinate the provision of information to external auditors and internal auditors for the annual audit and exams

Responsible for coordinating with external tax accountants for income tax preparation and auditors who prepare internal audits

Negotiating lines of credit and vendor agreements, as well as reviewing all financial contracts, financing agreements and insurance policies

Oversees accounts payable function, including reviewing and approving all invoices to be paid

Maintain a system of controls over the company’s accounting and financial procedures and ensure that they are in compliance with generally accepted accounting principles

Oversee all accounting and finance functions

Prepare budget

Handle regulatory exams in finance and accounting areas

Ensure compliance with local, state, and federal government reporting requirements and tax filings

Establish policies and procedures for finance and accounting areas

SUPERVISORY RESPONSIBILITIES

Directly supervises employee(s) in the Accounting Department and carries out supervisory responsibilities in accordance with the organization’s policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.

EDUCATION and/or EXPERIENCE 

Master’s degree (M.A.) from four-year college or university; or five to ten years related experience and/or training in banking finance, accounting, bank operations and technology; or equivalent combination of education and experience.

BANK SECRECY ACT

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 all other regulatory, security and bank policies.

COMPANY CONFORMANCE

In the performance of respective tasks and duties, the employee is expected to successfully perform quality work within deadlines with or without supervision, interact professionally with other employees, customers and suppliers; work effectively as a team contributor on all assignments and work independently while understanding the necessity for communicating and coordinating work efforts with other employees and organizations.

Job Description

Requirements

DIRECTOR OF SEC REPORTING

SUMMARY

The position of SEC Reporting Director is responsible for documenting the SOX control environment and the coordination and preparation of information included in earnings releases, annual report, Form 10-K, Form 10-Q, S-1 and other SEC filings. Providing support to external auditors during audits and interim reviews. Coordinate requests and manage the flow of information and documentation and lead the preparation/filing of all SEC filings, manage ongoing SOX related activities and support special projects as needed.

ESSENTIAL DUTIES

1.   Upholds, at all times, the Bank’s Core Values of: Integrity, Respect, Positive Attitude, Empowerment, Accountability, and Excellence.
2.   Delivers on the Bank’s tagline of “Your Best Banking Experience – Ever!” by reinforcing the application of superior customer service through own example along with appropriate follow through with involved customers and employees.
3.   Prepare and document the SOX control environment to be compliant with PCAOB standards.
4.   Lead the preparation of financial statements, MD&A, and disclosures to meet the company’s quarterly and annual SEC reporting requirements, as well as, to meet the company’s statutory reporting requirements
5.   Responsible for reporting and managing all equity-based transactions.
6.   Responsible for reporting equity compensation.
7.   Work with various personnel and departments to collect information and input into the above referenced reports; coordinate, review and collect comments on the various drafts; prepare support files; challenge the appropriateness of disclosures; complete all relevant disclosure checklists and reporting questionnaires.
8.   Assist in the drafting of new footnote requirements.
9.   Monitor the development and applicability of emerging accounting and reporting rules being deliberated by the SEC, US GAAP, PCAOB, or other regulations.
10.   Assist with establishment, documentation, and maintenance of company accounting policies.
11.   Draft MD&A ensuring explanations provided accurately explain the reason for changes in the business and are in the appropriate order of magnitude.
12.   Technical research on accounting issues and new accounting standards impacting the SEC reporting process.
13.   Provide support to external auditors during audits and interim reviews. Coordinate requests and manage the flow of information and documentation.
14.   Process improvement efforts related to accounting and financial reporting.
15.   Assist with the annual goodwill impairment analysis.
16.   Draft of accounting policies and assistance with acquisitions and divestitures.
17.   Other duties as assigned.

SUPERVISORY RESPONSIBILITY

The position Director of SEC Reporting will be responsible for the supervision of employee(s).

MENTAL DEMANDS

This position requires the ability to accommodate reading documents or instruments, detailed work, problem solving, customer contact, reasoning, math, language, presentations, verbal and written communication, analytical reasoning, stress, multiple concurrent tasks, and constant interruptions.

MINIMUM REQUIREMENTS

•   License/Certification/Education: Requires a bachelor’s degree in Accounting or Finance w/8+ years of relevant experience and/or training; or the equivalent combination of education and experience.  Work related experience should consist of a financial institution accounting or financial background.
•   Certified Public Accountant
•   Minimum of 8-10 years of relevant work experience, including Big 4 public accounting experience and SEC reporting experience with a large publicly traded company.
•   Strong technical knowledge of U.S. GAAP and SEC accounting and reporting requirements
•   Excellent communication skills, both written and verbal
•   Demonstrated knowledge and experience researching and documenting disclosure guidance and the accounting treatment of issues
•   Ability to effectively facilitate and present in group meetings
•   Strong analytical, problem-solving, and strategic-thinking skills with a forward-looking focus
•   Teamwork is essential to the group, so it is critical that the candidate interact with other team members and managers collaboratively and effectively
•   Excellent time management, organizational, and project management skills with experience in working toward tight deadlines
•   Experience with SOX 404 and internal control over financial reporting
•   Advanced proficiency with Workiva (formerly Webfilings) and XBRL
•   Demonstrated professional commitment, initiative, accountability, and ownership of assignments
•   Driven to add value and continuously seek opportunities for improvement both individually and as a team
•   Comfortable working in a fast-paced environment and adept at handling change.
•   Advanced math skills; calculate interest and balance accounts; add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions, and decimals; locate routine mathematical errors; count currency, coin, and negotiable instruments in a timely manner.
•   Effective verbal, written and interpersonal communication skills with the ability to apply common sense to carry out instructions, interpret documents, understand procedures, write reports and correspondence, and speak clearly to customers and employees.
•   Ability to deal with difficult problems involving multiple facets and variables in non-standardized situations.
•   Ability to work with minimal supervision while performing duties.
•   Must be able to sit for long periods of time, operate a computer, and telephone.
•   This position requires writing, typing, speaking, listening, lifting (up to 50 pounds), driving, carrying, seeing (such as close, color and peripheral vision, depth perception and adjusted focus), sitting, pulling, walking, standing, squatting, kneeling, and reaching.
•   Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Controller

Job Description

 Reports to: VP of Accounting & Finance

 Summary:

Analyze financial status by collecting, monitoring and studying data, recommending actions. To perform various financial and budget analyses in the areas of profit planning, capital expenditures and cash flow. Prepare accounting reports and regulatory filings.

Essential Job Functions:

• Prepare, verify, and ensure accuracy of the following reports but not limited to:
  • Quarterly Call Report
  • Branch profitability reports
  • Monthly financial reports
  • Various board reports
• Write procedures, maintain spreadsheet templates, gather all required report data for quarterly Call Reports from various departments and create reports in accounting system.
• Reconciles transactions by comparing and correcting data.
• Recommends actions by analyzing and interpreting data and making comparative analysis.
• Planning, directing and coordinating all accounting operational functions
• Assists with the gathering of reports for external auditors.
• Assessing current accounting operations, offering recommendations for improvement and implementing new processes
• Evaluating accounting and internal control systems
• Evaluating the effectiveness of accounting software and supporting database, as needed
• Developing and monitoring business performance metrics

Competency:

The competency of the individual in the Controller position will be evaluated on an on-going basis by the VP of Finance & Accounting.  Competency will also be measured by the results of the examinations of the FDIC, Texas Department of Banking, the bank’s accounting firm, and the bank’s internal auditing firm.

Qualifications:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Job Requirements:

Bachelor’s Degree in accounting or finance and 3 years financial reporting and analysis experience.

Must possess the ability to handle and execute multiple tasks simultaneously and exercise good judgment and maintain confidentiality. Must possess exceptional analytical skills and advanced Microsoft Office and accounting and finance system skills. Ability to interact favorably, promote and maintain a positive image of the bank with staff.

Language and Communication Ability:

The individual must have the ability to read, analyze, and interpret technical and financial reports, laws and regulations, and legal documents.  The individual must have the ability to respond and communicate effectively to common inquiries or complaints from customers, regulatory agencies, shareholders, Board of Directors, members of the community or others. The individual must also have the ability to prepare and deliver either in writing or speech to the above-mentioned entities proposals, audit responses, reports or other information.

Reasoning Ability:

The individual must have the ability to define problems, collect data, establish facts, and draw valid conclusions. The individual must have the ability to interpret an extensive variety of technical instructions and deal with abstract and concrete variables.

Computer Skills:

To perform this job successfully, an individual should have knowledge of word processing and spreadsheet software.