Controller at Mascoma Bank

White River Junction, Vermont, United States -

Full Time

Start Date

Immediate

Expiry Date

11 Jun, 26

Salary

132384.0

Posted On

13 Mar, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

General Ledger Management, Technical Accounting, Product Accounting, Monthly Close Process, Accounts Payable, Fixed Assets, Taxes, Internal Control Framework, GAAP, FASB, Auditing, Consolidation, Intercompany Eliminations, Accruals, Reconciliation, Leadership

Industry

Banking

Description

Description Position Summary The Controller is a key leader within the Finance function that is responsible for ensuring financial information is accurate, timely, and compliant with regulatory and accounting standards. This role oversees all aspects of the Bank’s accounting functions, including general ledger management, technical and product accounting, the monthly close process, accounts payable, fixed assets, and taxes. The Controller also oversees the Bank’s internal control framework and partners closely with internal auditors, external auditors and various internal stakeholders. The Controller reports to the CFO and directly supervises the accounting team. The role requires deep technical expertise in banking accounting, strong leadership of cross functional teams, and the ability to balance operational precision with continuous improvement. Essential Functions Manages all aspects of the general ledger, including GL account creation, mapping, and maintenance. Oversees the daily balancing of the Bank’s account at the Federal Reserve Bank, as well as all other correspondent banks. Ensures end of day balancing with CDARs and ICS. Manages the month-end close process, including coordination with all stakeholders to ensure a timely and accurate month-end close. Oversees the accounting for the Bank’s subsidiaries, including consolidation and intercompany eliminations are accurate and in accordance with GAAP. Oversees the preparation of all accounting accruals, ensuring entries are recorded to the GL in an accurate and timely manner. Oversees the accounting for the Bank’s primary products and activities including loans, deposits, investment securities, BOLI, and derivatives. Oversees the accounting for the Bank’s leases in accordance with GAAP. Manages the daily and monthly reconciliation process to ensure all reconciliations are complete and accurate. Follows up on variances and out-of-balances to ensure timely resolution. Acts as a subject matter expert for balancing that occurs throughout the Bank. Manages the Bank’s Fixed Asset system including supervising the maintenance, accounting and reporting of all fixed assets. Oversees the Accounts Payable function including the timely and accurate recording, distribution and payment of invoices. Supervises the maintenance of vendor records for tax reporting. Manages the Bank’s corporate insurance policies, including coordination with brokers for renewals and claims. Coordinates internal and external audits of the Finance function, ensuring timely receipt of deliverables and follow-ups. Oversees the Bank’s FDICIA internal control framework and partners with control owners across the Bank to ensure controls are appropriately documented. Coordinates with the Bank’s external income tax subject matter experts to ensure timely and accurate income tax accounting and reporting. Maintains and updates policies and procedures for the accounting function. Supervises an accounting team, committing time to develop team members and ensuring necessary back up and coverage. Performs additional duties or analyses as requested. Requirements What You'll Need Minimum of Bachelor's degree in accounting and 10+ years of related experience, including supervisory responsibilities. Strong knowledge and understanding of GAAP and FASB Ability to understand complex accounting issues, such as internal software development, derivatives and portfolio layer accounting, and subsidiaries and subsidiary consolidation. Able to review accounting guidance and implement controls and processes that adhere to GAAP and FASB standards. Extensive experience with general ledger and account reconciliation systems, as well as report building software; strong knowledge of excel. Strong computer skills. Good interpersonal communication; ability to manage people in a hybrid or remote capacity. Able to maintain confidentiality and privacy Professional appearance; grooming and dress consistent with Mascoma Bank appearance policy What's a Plus CPA or Master’s Degree Experience with FDICIA internal controls Experience with regulatory reporting and compliance requirements Physical Demands/Working Conditions Varied work with a normal expenditure of energy and little or no unusual physical effort? May involve incidental business machine operations Work involves intermittent periods of stationary positioning and traversing Working conditions include well-lit and well-ventilated areas Core Competencies BEING RESILIENT - Rebounding from setbacks and adversity when facing difficult situations. COLLABORATES - Building partnerships and working collaboratively with others to meet shared objectives; understanding how interactions with colleagues ultimately impact the customer. COMMUNICATES EFFECTIVELY – Communicating clearly and in a way that supports the needs of different audiences. COURAGEOSLY CHALLENGES AND QUESTIONS - Challenging the status quo by asking questions and challenging existing processes; seeking out diverse opinions and ideas. BUILDS EFFECTIVE TEAMS - Building strong teams that apply their diverse skills and perspectives to achieve common goals. DIRECTS WORK - Providing direction, delegating, and removing obstacles to get work done FINANCIAL ACUMEN – Understanding and applying knowledge of key performance indicators to make better business decisions. DECISION QUALITY- Making data-driven decisions; striving for balance between risk and reward to seize opportunities that keep the organization moving forward. PLANS AND ALIGNS- Planning and prioritizing work to meet commitments aligned with organizational goals. TECHNICAL COMPETENCE – Using technology comfortably in daily operations and adopting new software or hardware systems that support a continually changing environment. EMPOWERED- Having the knowledge, confidence, means, and ability to act or make decisions for oneself. YES APPROACH – Approaches customer interactions from a “yes” mindset - being open minded when fulfilling customer needs; uses “Yes, AND…” over “Yeah BUT” when collaborating with colleagues to discover the best path forward. Why Mascoma Bank? Strong culture of belonging with a team that values creativity, new perspectives and innovation. Community first minded. We care about our employees and the communities we serve. Competitive compensation. Flexible work environment with onsite, remote and hybrid opportunities. Career development and internal career mentorship. Comprehensive health care, dental care, and vision. 401(K) Program: 4% safe harbor employer match on top of 5% non-elective contributions following one year of service. Generous PTO starting at 22 days per year, not including 11 paid holidays and 16 hrs. of Volunteer Time Off. Tuition Reimbursement. Student Loan Paydown and so much more! Background and Credit Check As part of our commitment to maintaining a secure financial institution, all final candidates will be required to successfully complete background and credit screenings as part of the hiring process. These screenings will be conducted in accordance with applicable laws and industry regulations. Please note: Having a record on a background or credit report does not automatically disqualify you. We evaluate results on a case-by-case basis, taking into account their relevance to the role and any regulatory requirements. Our Commitment to Belonging! The communities served by Mascoma Bank consist of individuals from diverse backgrounds. Our employees likewise bring unique perspectives, experiences, and approaches to the bank. We strive to create a safe and welcoming environment for all who pass through our doors and a workplace that actively demonstrates mutual respect and trust, one of our core values. A truly inclusive culture leads to a sense of belonging and support for all team members and inspires innovation and creativity. We are committed to recruiting and retaining a diverse talent pool, increasing team member engagement through professional development and community outreach activities, and offering personal growth workshops and team-building opportunities. By embracing diversity, equity, and inclusion, we strengthen our communities and ourselves. Mascoma Bank is proud to be an Equal Employment Opportunity and Affirmative Action employer. We do not discriminate based upon race, ethnicity, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, veteran status, status as an individual with a disability, or other applicable legally protected characteristics. To request reasonable accommodations, please contact careers@mascomabank.com. Mascoma Bank is an Affirmative Action and Equal Opportunity Employer, M/F/D/V.

Responsibilities

The Controller leads the Finance function, ensuring financial information is accurate, timely, and compliant, overseeing all accounting aspects including general ledger, month-end close, and internal controls. This role manages the accounting team, partners with auditors, and oversees specific banking activities like correspondent bank balancing and subsidiary accounting.