Corporate Controller

Job Description

Job Description

Northeast Bank is a full-service community bank and a national commercial real estate lender with offices in Maine, Massachusetts, New York, and California. We are looking for motivated and talented individuals who want to make an impact in a growing company that cares about its employees, customers, and the communities it serves. Northeast Bank provides competitive compensation and benefits, generous PTO, and a hybrid work environment dependent on the role. If you are looking for a growing organization that prioritizes its employees, we encourage you to apply.

POSITION SUMMARY : Responsible for the accounting policy, all internal and external financial reporting, internal accounting, financial reporting controls, and the Bank’s profitability measurement.

RESPONSIBILITIES :

• Formulate and administer the monthly financial close process, including review of the Board financials and monitoring of monthly, quarterly, and annual results to budget, as well as preparation of the monthly Board and Loan and Investment Committee packages.
• Maintain the integrity of the general ledger.
• Perform ad hoc analysis.
• Coordinate the compilation and filing of FDIC reports (Forms 10-Q, 10-K, Proxy Statement, 8-K, 3, 4, & 5) and other regulatory reporting
• Oversee the preparation of investor presentations and analytics for quarterly investor earnings calls.
• Oversee the review of proposed loan modifications for compliance with generally accepted accounting principles.
• Oversee the SBA 7(a) loan sale and reporting process, including review of sale summary, booking gain on sale, and recording monthly income and loan activity.
• In conjunction with the Assistant Controller, prepare the Allowance for Credit Losses on a quarterly basis.
• Review the SBA servicing asset valuation on a quarterly basis to record impairment or recovery on servicing asset.
• Perform monthly analysis, review of purchased loan pools and purchase account reconciliations.
• Coordinate annual Proxy Statement process, including annual meeting and related filings.
• Manage the stock-based compensation process, including coordination with the transfer agent and plan administrator, including issuances, vesting, and forfeitures of awards, etc.
• Assist in answering questions that arise in the preparation / review of the quarterly Call Report for consistency with financial statements.
• Maintain strong internal controls over financial reporting and assist in SOX 404 compliance. Act as a resource and provide training to line areas on internal control activities.
• Assist with the preparation of items requested by internal and external auditors as part of their on-going audit processes, including coordinating internally with other departments.
• Monitor, review and assess impact of relevant FASB, SEC and other regulatory guidance to ensure compliance. Work with external accounts, internal auditors, legal counsel, and regulators.
• Oversee the quarterly and annual preparation of the income tax provision, quarterly estimated tax payments, and handling of state notices.
• Assist in the oversight of accounts payable, general ledger, reconciliations, and fixed assets.
• Assist in the oversight of investments, liquidity, and interest rate risk to ensure timely and accurate communication, monitoring and reporting.
• Assist in the preparation of the Bank’s annual budget.
• Successfully pass technical and regulatory examinations required by the Bank.

KNOWLEDGE, SKILLS AND ABILITIES :

PHYSICAL DEMANDS AND CONDITIONS :

Northeast Bank is an equal employment opportunity and affirmative action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity and expression, national original, veteran status and any other classification protected by Law. We celebrate diversity and are committed to creating an inclusive environment for all employees.