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.
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