the client is seeking a Bank Controller for the greater Streamwood, IL market. This role is responsible for financial reporting to the Board of Directors, regulatory authorities, and internal management, as well as supporting ongoing development of the Accounting Department. The Bank Controller will help ensure compliance with accounting procedures and internal control elements, establish and maintain an accounting system that reflects the bank’s financial position, and support financial consolidation of branches and subsidiaries.
The Bank Controller will oversee and supervise accounting staff while managing core finance functions including financial analysis, financial reporting, cash management, and forecasting. Responsibilities also include approving and monitoring cost control activities, preparing budgets and analyzing budget variances, and providing training and coaching to support staff development and department goals. The role will coordinate the annual budget with department managers and align it with strategic financial goals, support monthly budget variance reviews, and provide financial analysis as needed.
Additional responsibilities include reviewing and analyzing asset/liability management models, product pricing analysis, branch profitability, and peer group comparisons, as well as advising senior management on changes to tax laws or regulations that may affect operations or profitability. The Bank Controller will coordinate internal and external audit document requests and participate in federal or state examinations, monitor daily cash position and loan loss reserve analysis, and ensure accounting policies comply with generally accepted accounting principles. The position requires a bachelor’s degree in Accounting or Finance, with MBA or CPA certification preferred, along with at least 10 years of experience in accounting for a financial institution and experience supervising staff; strong knowledge of GAAP and current financial institution reporting requirements is expected, as well as advanced familiarity with bank policies and procedures, proficiency with Excel and Microsoft Office Suite, and the ability to identify and address financial and compliance priorities.