Financial Reporting & Analysis Manager (ID:45013)
Critical Financial Reporting Manager opportunity within a large and exciting community bank!
The Financial Reporting & Analysis Manager is responsible for the creation and preparation of a variety of financial reporting and analysis documents including, but not limited to, regulatory Call reports and form Y-9 filings, and annual Audited Financial Statements (including footnotes).  Administers the Profitstar reporting system and prepares internal monthly financial reports from this system that are provided to executive management and bank office presidents.  This role also provides support to the Controller with the preparation of reports for the Asset/Liability Committee (ALCO).  Performs bonus/incentive calculations, and maintains documentation related to the same.

Roles & Responsibilities:
  • Responsible for monthly financial reporting process on Profitstar; run and balance monthly downloads, create and validate reports for reporting groups and distribute within 5 business days after each month-end.  Reporting will include monthly income/expense, balance sheet, ratio reporting, branch allocation information, profitability statements for bonus calculation and accrual purposes, goal tracking, interest margin analysis, and other reports as requested.
  • Prepare the annual audited financial statements, including all footnotes, and work with Controller to coordinate review of the same by internal and external audit teams.
  • Prepare and file the trust tax returns (Form 1041) for the Bank’s trust preferred securities (TRUPs).  Ensure compliance and proper filing of all requirements for TRUP covenants.
  • Prepare quarterly tax dividend estimate calculations.
  • Coordinate the review/approval and ACH payment process.
  • Prepare quarterly Call and Y-9 reports and file timely with regulatory authorities.
  • Serve as secondary resource in the FMS financial close.
  • Administer the maintenance of FMS general ledger chart of accounts and updating FMSR reports.
  • Calculate and distribute monthly and quarterly bonuses for the Bank and Holding Company employees.  Provide quarterly loan origination reports to bankers for analysis/approval of incentive payouts to lenders.  Complete proper analysis and documentation to confirm regulatory compliance with lender incentive pay rules.
  • Maintain loan records and incentive calculations for commissioned mortgage lenders.
  • Direct internal financial reporting for the Financial Investment Services (FIS) line of business.  Track FIS commissions, generate income/expense postings, calculate incentive payments for investment reps.  Provide reporting as needed to FIS program manager and CEO.  Reconcile Insurance Services DDA for General Agency outside (non-LPL) business.
  • Review and post trust referral income earned by the offices.  Monitor trust fee income accrual and fee payments.
  • Manage salary and space allocations for shared charter staff.
  • Coordinate with the Human Resources department the calculations and posting of employee payroll and related benefits.
  • Post bi-weekly payroll entries, review payroll entries, reconcile Payroll DDA.
  • Maintain records on Bank-owned life insurance policies (BOLI).  Process income/expense accruals and reconcile balances to external reporting.
  • Prepare bi-weekly Funds Management & Investment Committee (FMIC) reports and quarterly Asset/Liability Committee (ALCO) reports. Coordinate with third-party on updates to the interest rate risk model (IRRM).
  • Provide support to Controller and CFO in merger and/or bank office expansion activities (new/relocation/closure), including application filings with regulatory agencies.
  • Author/update certain Bank policies assigned to the Accounting Department on an annual basis for presentation by the CFO to the Best Practices Committee and the Board of Directors.
  • Performs other responsibilities and projects as assigned.

Required Skills & Experience:
  • CPA license preferred, a Bachelor’s degree in accounting and/or finance.  A minimum of five years of progressive work experience, preferably in bank accounting. 
  • Language Skills: Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations.  Ability to write reports, business correspondence and procedure manuals.  Ability to effectively present information and respond to questions from groups of managers, clients, customers and the general public.
  • Mathematical Skills:  Ability to calculate figures and amounts such as discounts, interest, commissions, and percentages.  Ability to apply concepts of basic algebra.
  • Software Skills:  An advanced understanding of Microsoft Office products, especially Excel, Word, and Outlook. Ability to perform/create complex equations, linked spreadsheets, and custom reporting using Excel.
  • Reasoning Ability:  Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.  Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.

About Versique:
Versique is a high-performance recruiting firm based in Minneapolis, MN specializing in interim solutions, direct hire, and executive leadership search. We believe people are the ultimate business advantage. Our experienced functional recruiting teams work within a variety of areas of expertise (HR, Finance & Accounting, Demand Generation, IT, and Engineering) and broad industries (Healthcare, Banking, Consumer Packaged Goods, Manufacturing, Private Equity, and Family-Owned). Voted as a “Star Tribune Best Places to Work” three years in a row by our employees, Versique is one of the largest and fastest growing staffing and recruiting firms in the Midwest. The Versique brand represents a powerful combination of “versatile” and “unique” as it hints at the concept of “search” in its pronunciation: ver-seek.
Versique is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability, or veteran status, among other factors.



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Financial Reporting & Analysis Manager (ID:45013)

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