• Job Tracking ID: 512448-694442
    • Job Location: Raleigh, NC
    • Job Level: Any
    • Level of Education: BA/BS
    • Job Type: Full-Time/Regular
    • Date Updated: July 25, 2019
    • Years of Experience: 10 - 15 Years
    • Starting Date: ASAP
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Job Description:





The Controller is responsible for recording the Bank’s daily financial transactions and the preparation and interpretation of account reconciliations, financial reports and statements for the Board of Directors, executive management and regulatory agencies.



  • Compiles financial information to prepare entries to accounts.

  • Analyses financial information and prepares balance sheet, profit & loss statement, and other reports.

  • Establishes, modifies, documents, and coordinates implementation of accounting control procedures.

  • Performs month-end close out of accounts, working with the CFO and staff.

  • Oversees the monitoring of the bank’s money at the Federal Reserve daily. Submits or reviews the FR2900 to be submitted to the Federal Reserve weekly.

  • Responsible for all day-to-day investment portfolio accounting including pledging and unpledging bonds as needed to cover sales or to collateralize lines.

  • Assist with preparation of Management, Board and Regulatory reports

  • Directly supervises accounting staff. Responsible for the overall direction, coordination and evaluation of these employees.

  • Responsibilities include interviewing, hiring and training employees; planning, assigning and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.

  • Responsible for the daily operation of the Bank’s accounting department to include the general ledger as well as bank and investment account reconciliations and detailed financial analysis.
  • Responsible for the financial reporting process and bank/branch financial statement consolidations.
  • Ensures that reports conform to GAAP with proper disclosure requirements.
  • Responsible for preparing or reviewing and certifying all reports, reconciliations and cash position statements including, but not limited to: fixed assets, prepaid items, accrued expenses and borrowings.
  • In conjunction with the CFO, responsible for all bank regulatory reporting requirements to ensure all weekly, monthly, quarterly and annual regulatory reports are accurately completed and filed with the Federal Reserve Bank, the Federal Deposit Insurance Corporation and state agencies.
  • Assist executive management with the financial information needed for acquisitions, major facilities renovations, and new bank products.
  • Stay abreast of new accounting rules and recommend appropriate changes in policies and procedures.
  • Manage the Bank’s cash flow. Track and monitor the Bank’s liquidity position.
  • Perform analysis of capital expenditures before projects commence to determine the cost of the project, how to finance, cost of financing, effects on future cash flow, and return of investment. Direct determination of depreciation rates to apply to capital assets.
  • With the assistance of outside account firm tax expertise and the CFO, help to analyze the Bank’s federal and state tax liabilities and coordinate the preparation of federal and state tax returns.
  • Assist with other duties and/or special projects as assigned by the EVP/Chief Financial Officer.




  1. Adheres specifically to all Bank policies and procedures, Federal and State regulations and laws.

  2. Has responsibility for following regulatory requirements including those pertaining to the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Customer Identification Program (CIP), and OFAC to assist in the identification, detection and determent of money laundering or other unlawful activities.

  3. Utilizes outside training opportunities to expand knowledge and experience

  4. Increases shareholder value through teamwork and superior customer service.

  5. Refers products and services to meet customer needs.

  6. Performs other duties as required.

Experience and Skills:


Knowledge Requirements:

Minimum Education/


Bachelor or Masters degree in accounting, business administration, finance or other related discipline or CPA preferred.

Required Knowledge:

Thorough knowledge of accounting principles and bank operations required.

Preferred Knowledge:



Experience Requirements:

Required Experience:

A minimum of 10 years of accounting experience within a financial institution in a senior accounting or financial management role.

Preferred Experience:



Skills Requirements:

Required Skills:

Must have strong interpersonal and communication skills; impeccable analytical and organizational skills; and be self-motivated and self-directed. Proficiency with Windows-based computer systems and various financial-related software is preferred.

Preferred Skills:

Experience with Prologue / Cognos / JHA preferred.


Physical Demands/Work Environment Requirements:

Vision, hearing, speech, movements requiring the use of wrists, hands and/or fingers. Must be able to sit, stand, stoop, and bend. Must have the ability to work the days and hours required to fulfill the essential functions of the position.


Mental Demands:

Must be a creative thinker and proactive problem solver with a history of working efficiently and effectively, meeting deadlines and following projects through to completion. Learning, thinking, concentration, the ability to interact with others, the ability to exercise self-control, and the ability to work under stressful conditions, particularly under a deadline. Must have the ability to make decisions and exercise discretion when necessary.