Assisted Controller

SUMMARY

Midland Federal Savings & Loan Association is seeking an Assistant Controller to support the Controller across accounting, reporting, and regulatory functions. As a community bank, the accounting department covers a wide range of responsibilities, and this role touches several of them and operations. The position suits an experienced community bank professional who is comfortable working hands-on across loan accounting, general ledger reconciliation, liquidity and interest rate risk reporting, investment accounting, audit support, management reporting and operations.

PRIMARY RESPONSIBILITIES

1.  Mortgage Loan Accounting

•       Record revenue recognition for each loan, including gain on sale, fees, and related items, in accordance with established policy.

•       Reconcile loan-level funding worksheets to the general ledger each month, loan by loan.

•       Research and resolve discrepancies and escalate non-standard transactions to the Controller before booking.

2.  General Ledger Reconciliation and Month-End Close

•       Prepare assigned general ledger account reconciliations and supporting schedules.

•       Maintain fixed asset schedules, including additions, disposals, and depreciation.

•       Prepare recurring close entries and supporting documentation for Controller review.

•       Investigate and clear reconciling items on a timely basis.

3.  Asset / Liability Management, Liquidity, and Interest Rate Risk

•       Prepare monthly and quarterly ALCO reporting, including liquidity analysis, stress testing, capital stress testing, financial ratios, trend and variance reporting, and large depositor monitoring.

•       Monitor the bank's daily liquidity and cash position and report on funding needs.

•       Prepare interest rate risk modeling and reporting.

•       Serve as the primary contact for the third-party ALM model provider and for model validation reviews.

4.  Investment Portfolio Accounting

•       Reconcile the investment portfolio to third-party portfolio accounting reports each month.

•       Prepare monthly investment accounting entries, including amortization, accretion, and income accruals, for Controller review.

•       Support the analysis and monitoring of fixed income holdings.

5.  Audit and Regulatory Support

•       Coordinate and prepare documentation for internal audits, the external financial statement audit, and regulatory examinations.

•       Prepare requested schedules and workpapers, and track open items through resolution.

•       Assist with updates to accounting and finance policies and procedures.

6.  Budget, Forecasting, and Management Reporting

•       Assist in the preparation of the annual budget and periodic forecast updates.

•       Prepare variance and trend analysis for management.

•       Prepare recurring reporting packages for management, ALCO, and the Board of Directors.

PREFERRED QUALIFICATIONS

•       10 or more years of experience in a community bank finance, accounting, or treasury function.

•       Hands-on experience with general ledger reconciliation, investment accounting, and fixed assets.

•       Experience preparing ALCO and board-level reporting, including liquidity and interest rate risk analysis.

•       Experience supporting internal audits, external audits, and regulatory examinations.

•       Loan operations or loan servicing background preferred.

•       Bachelor's degree in accounting, finance, or a related field. Advanced degree or professional certification a plus.