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AC
American Commercial Bank & Trust
Financial Controller
Career Insights for Controller (General)
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Based on Illinois data
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What they do
A Controller directs and oversees the treasury of a government, private corporation or non-profit organization, and may oversee the investment of funds. Supervises the quality of accounting and financial reporting within an organization, and directs preparation of reports that show the financial position of an organization.
$152,686 / year median in Illinois
+6% projected growth
Job Description
American Commercial BankTrust, NA Financial Controller - on site in Schaumburg, IL American Commercial BankTrust is currently seeking an experienced Financial Controller to support a growing national bank with approximately $2+ Billion in assets. This role is responsible for the leadership, management and oversight of all accounting, financial reporting, regulatory reporting, internal controls, and financial operations. This role ensures the integrity of financial information, compliance with applicable banking regulations and accounting standards, and supports executive leadership in achieving strategic and financial objectives. The Financial Controller serves as a key member of the Finance team, providing insight, managing accounting operations, developing staff and enhancing and maintaining a strong internal control environment. Key job duties and responsibilities include the following: Directs all accounting operations, including general ledger, accounts payable, fixed assets, accruals and reconciliations. Oversee the preparation and timely issuance of monthly, quarterly and annual financial statements, Ensure compliance with U.S. GAAP, regulatory accounting requirements and Bank policies. Manage month-end and year-end close processes, ensuring accuracy and timeliness. Prepare and review management reports, financial analyses, and Board reporting packages. Support the preparation of annual budgets, forecasts and strategic financial plans. Oversee the preparation and submission of all regulatory reports, including Call Reports and other filings required by federal and state banking regulators. Maintain compliance with accounting pronouncements, regulatory guidance and banking industry standards. Coordinate regulatory examinations and respond to examiner requests. Ensure adherence to internal policies, procedures and controls. Establish and maintain a robust internal control framework over financial reporting. Evaluate accounting processes and recommend improvements to increase efficiency and reduce risk. Collaborate with Internal Audit, Compliance and Risk, and external auditors. Ensure proper segregation of duties and control procedures are maintained throughout the accounting function. Lead and participate in the implementation of process improvements, new technology, forecasting models, accounting and finance policies and control designs across the organization. Design and implement policies across revenue recognition, lease accounting, and other technical accounting processes and enhancements. Assist with the design, implementation and ongoing enhancement of board-level reporting and KPI dashboards for senior management and board level audiences. Participate in incentive system design, implementation and upgrades. Directly supervisor accounting and finance staff. Develop, mentor and retain high-performing finance personnel. Foster a culture of accountability, collaboration, continuous improvement and customer service. Serve as trusted advisor to CFO and executive leadership team. Provide financial analysis and recommendations supporting strategic initiatives. Participate in Asset Liability Committee (ALCO), management committees and Board presentations as required.