Vice President, Controller at Torrington Savings Bank

Torrington, Connecticut, United States -

Full Time

Start Date

Immediate

Expiry Date

27 May, 26

Salary

0.0

Posted On

26 Feb, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Accounting, Financial Reporting, Internal Controls, GAAP Compliance, Regulatory Reporting, Leadership, Team Development, General Ledger, Accounts Payable, Investment Accounting, Month-End Close, Year-End Close, Audit Liaison, Risk Management, ALM Modeling, Financial Systems

Industry

Banking

Description

Description Why Torrington Savings Bank? Looking to grow your career at a place where community, innovation, and opportunity come together? Torrington Savings Bank offers more than just a job—we offer a supportive environment where your skills and ideas can thrive. As a trusted financial institution with over 150 years of history, we’re committed to serving our local communities while helping our employees reach their professional goals. Whether you're just starting out or looking to take the next step in your career, you'll find a collaborative culture, opportunities for advancement, and a workplace that values work-life balance. Join a team that takes pride in building relationships and delivering personalized banking experiences every day. Current Opportunity Vice President, Controller The Vice President, Controller oversees all accounting and financial reporting functions of the Bank, ensuring accuracy, compliance, and operational excellence. This role leads the Accounting team, maintains strong internal controls and GAAP compliance, and ensures the Bank meets all regulatory reporting requirements. The Controller provides reliable financial information to support decision-making, regulatory reviews, and strategic planning. Primary Responsibilities 1. Leadership & Team Development Lead, mentor, and develop accounting staff to ensure strong performance and professional growth. Oversee daily accounting operations, including the general ledger, accounts payable, investment accounting, and fixed assets. Promote a culture of accuracy, accountability, and continuous improvement. 2. Accounting Operations & Financial Reporting Direct the preparation of monthly, quarterly, and annual financial statements and internal management reports. Ensure compliance with US GAAP, Bank policies, regulatory standards, and internal controls. Oversee month-end and year-end close processes and support management and Board reporting. Assist with budgeting, tax estimates, and annual tax provisions. 3. Regulatory Reporting & Compliance Oversee timely and accurate completion of the quarterly Call Report and related regulatory filings. Monitor regulatory changes and ensure accounting practices and internal controls remain compliant. Support documentation, design, implementation, and testing of internal controls. 4. Audit, Examination & Risk Management Serve as the primary liaison for external audits and regulatory examinations. Maintain strong internal controls across all accounting processes. Oversee business continuity planning for the accounting department. 5. Treasury, ALCO & Additional Responsibilities Support ALM modeling and reporting and participate as a member of ALCO. Manage the corporate credit card program and related policy compliance. Serve as administrator for assigned accounting or finance systems. Lead or support special projects as assigned by the Senior Vice President, Finance. Requirements Position Requirement 5-7 years Financial institution experience required, with strong knowledge of state and federal banking regulations and regulatory reporting. Bachelor’s degree in accounting, finance, or related field required; CPA or master’s degree preferred. Expertise in US GAAP, including standards applicable to financial institutions. Proven leadership skills with experience developing and motivating teams. Ability to perform effectively under pressure and meet tight deadlines. Strong analytical, problem-solving, and communication skills. Proficiency with accounting/finance systems, Microsoft Excel, and PC-based applications. Torrington Savings Bank offers an excellent benefits package which includes medical, dental, and vision coverage. We also offer company paid life insurance, short term disability, long term disability, and a wellness reimbursement program up to $350 per year. Employees are eligible to participate in our 401k plan after 6 months of service which has an employer match up to 3%. Employees may also be eligible for an additional employer match to their 401K following one year of service. Torrington Savings Bank is an equal opportunity employer, dedicated to a policy of non-discrimination in employment on any basis prohibited by law. The Bank considers applicants for all positions without regard to disability, military/veteran status, or any other legally protected status, and is committed to providing equal opportunities in terms of its recruiting and hiring practices. Applicants requiring reasonable accommodation in the application process should notify Human Resources. Torrington Savings Bank participates in e-Verify and will provide the federal government with your Form I-9 information to confirm that you are authorized to work in the U.S.A. EOE/AA/D/V Torrington Savings Bank is a drug free workplace.

Responsibilities

The Vice President, Controller is responsible for overseeing all accounting and financial reporting functions, leading the Accounting team, maintaining internal controls, and ensuring compliance with GAAP and regulatory requirements. This role involves directing the preparation of financial statements, overseeing regulatory filings like the Call Report, and supporting strategic decision-making.