VP Controller

• Location: South LA, California
• $150000 base salary
• Type: Direct Hire
• Job #1661
• Salary: $150,000 - $160,000

Title: VP Controller

Industry: Financial Services – Banking

Location: South LA

Overview: Pacific Executive Search has been engaged on a search for a VP Controller position that offers you the chance to take on significant responsibilities in financial reporting and compliance while leading a dedicated accounting team. Located in South LA, this role provides a unique opportunity to contribute to the financial health of a community-focused institution and engage in strategic initiatives that influence urban economic development. You can expect to grow your career by collaborating closely with senior leadership and leveraging your expertise in banking regulations and financial analysis.

Description:

Responsibilities

• Oversee and ensure the accurate and timely preparation of all financial statements on a monthly, quarterly, and annual basis, adhering to GAAP and regulatory standards.
• Manage the creation and submission of all required regulatory reports, including those for the FDIC and state agencies, ensuring compliance with all deadlines.
• Stay informed about changes in accounting standards and banking regulations, implementing necessary updates to policies and procedures.
• Facilitate internal and external audits, contributing to a seamless auditing process.
• Supervise daily accounting functions, including bank reconciliations, management of Fedline Advantage, accounts payable, and maintenance of the general ledger.
• Establish, implement, and uphold effective accounting policies, procedures, and internal controls to safeguard the institution's assets and ensure data integrity.
• Lead and mentor the accounting team, promoting a collaborative and high-performance work environment.
• Direct the annual budgeting and forecasting processes, collaborating closely with department heads and utilizing Vena Financial Planning and Analysis software.
• Deliver insightful financial analyses, including variance analysis, trend identification, and performance reporting to senior management, leveraging advanced Excel modeling and database queries.
• Support strategic planning efforts by providing detailed financial modeling, projections, and analyses.
• Assist in managing the institution's cash position and liquidity to enhance funds management efficiency.
• Work alongside the CFO on treasury responsibilities, including cash management, monitoring investment portfolios, and managing interest rate risks.
• Provide financial analysis and support for investment decisions, employing advanced Excel and database tools for scenario analysis.
• Collaborate effectively with other departments, including lending, operations, and compliance, to ensure financial accuracy and support organizational objectives.
• Offer financial expertise and support for various initiatives and projects across the institution.

Qualifications

• Bachelor's degree in Accounting or Finance is required; CPA and/or MBA is highly preferred.
• A minimum of 10 years of progressive experience in bank accounting and financial reporting, with at least 5 years in a managerial role overseeing accounting personnel.
• Comprehensive understanding of GAAP, banking regulations, and accounting practices within financial institutions.
• Proven track record in developing and implementing accounting policies, procedures, and internal controls.
• Exceptional analytical, problem-solving, and decision-making abilities, with a keen attention to detail and accuracy.
• Strong oral and written communication skills, capable of presenting financial information clearly to both financial and non-financial stakeholders.
• Excellent collaboration and interpersonal skills, with the ability to cultivate effective working relationships across all organizational levels.
• Demonstrated expert-level proficiency in Microsoft Excel, including advanced formulas, pivot tables, data modeling, and automation (e.g., VBA).
• Significant experience with database management tools (e.g., SQL, Access) for data extraction, manipulation, and reporting.
• Hands-on experience with Vena Financial Planning and Analysis software is strongly preferred.
• Knowledge of investment principles, interest rate risk management, and funds management.
• Proven ability to manage multiple priorities, meet strict deadlines, and perform effectively under pressure.
• Strong project management skills with the capability to lead and execute financial initiatives.