VP, Controller

Title: VP Controller

FLSA Status: Exempt                                                Employment Status: Full Time

Department: Finance                                                 Location: Marlborough/ Hybrid Work Model Eligible

Reports To: EVP CFO

This is a high-autonomy leadership seat with true ownership of the accounting function and a clear mandate to strengthen controls, streamline processes and modernize reporting and systems. If you are a hands-on accounting leader who wants latitude to build, develop and shape a team while partnering closely with senior leadership, this role is worth a confidential conversation.

Scope and impact include:

• Leading the close and financial statement process while safeguarding financial integrity
• Overseeing regulatory reporting (FDIC Call Report, FR Y-9SP, FR 2900, DIF)
• Owning controls and audit readiness while partnering with auditors and regulators
• Coordinating cross-functionally with senior management to drive consistency and accountability

What you would walk into: a strong, stable institution with a clear mandate for continuous improvement and growth. The close is currently 3 to 5 business days with opportunity to further standardize reconciliations and reduce manual workarounds.

Team and growth: you will lead a team of 2 to 3 including an Assistant Controller with the ability to hire, develop and shape the accounting function. This is a definitive opportunity for growth for someone who wants broader scope and visibility.

SUMMARY:

Reporting to the Chief Financial Officer, the Controller is responsible for planning, organizing and directing the accounting activities of the Bank to ensure establishment and maintenance of effective financial and internal controls, and timely and through financial management reporting.

Responsible for the preparation of annual audited financial statements and footnotes.  Oversees the month end and year end processing of bank and all affiliated companies. Financial liaison to internal and external auditors. Manage the production of documents required by such third parties.

Additionally, this position embraces the established service culture to maximize their contribution to the Bank’s goals.

After successful completion of training and proven abilities, this position is eligible for a hybrid work arrangement with availability expected during core business hours and agreed upon number of days per-week/month on site.

ESSENTIAL DUTIES and RESPONSIBILITIES:

The requirements listed are representative of the knowledge, skill, and/or ability required.

In the performance of respective tasks and duties, the employee is expected to successfully perform quality work within deadlines with or without supervision, interact professionally with other employees, customers and suppliers; work effectively as a team contributor on all assignments and work independently while understanding the necessity for communicating and coordinating work efforts with other employees and organizations.

Maintain a broad oversight of all functions within the accounting department, including but not limited to reconciliations, wire transfers, cash positioning, interfacing, postings, accounts payable and other related responsibilities.  In conjunction with the Assistant Controller, ensures all work of the accounting team is accurate, timely and in accordance with various bank policies.

Financial Reporting & Close Process Leadership:

• Troubleshooting and resolution of complex accounts payable and accounts receivable issues
• On time preparation of month-end reconciliations with supporting documentation for approval.
• Assisting with daily/monthly posting of general ledger
• Maintain the General Ledger chart of accounts
• Become subject matter expert in financial accounting applications i.e. Fixed Assets, GL, AP
• Participate in the daily and monthly closing of the Bank’s general ledger and oversee the production of various internal financial reporting packages.
• Review all monthly general ledger reconciliations and follow up on the resolution of reconciling items.
• Production and review of monthly and annual balance sheet, income statement, and tax reports for various companies including the Holding Companies, subsidiaries, and charitable foundation. 

Regulatory Compliance & External Reporting:

• Oversee submission and review of all regulatory reports including but not limited to, FDIC Call Report, FR Y-9SP, FR 2900, and DIF Report.
• Develops and maintains working relationships with tax accountants, external auditors, regulators/examiners and internal auditors.  Gathers data and reviews information prepared for audits and tax returns. 

Leadership, Talent Management:

• Takes a leadership role while completing high-level duties and assignments, provides guidance, error resolution and support to staff with complex and difficult tasks.
• Develop accounting staff by providing education, training, and special project opportunities.
• Ensures the effectiveness and efficiency of department staff.  Conducts annual performance reviews for directly reporting staff; provides ongoing training, development and coaching to accounting department staff.  Serves as accounting team leader.
• Oversee the day-to-day Accounting activities including: Derivatives/SWAPs, cash monitoring and Investments

Accounting Policy & Technical Expertise:

• Responsible for the accurate implementation of existing policies, procedures and systems
• Research and interpret new accounting and regulatory pronouncements to determine their financial and operational impact on the organization and recommend actions needed to implement them.
• Review and revise accounting policies and procedures when changes are warranted.

Specialized & Ancillary Accounting Functions:

• Lead pension, BOLI and SERP accounting, reviewing supporting data
• Charitable foundation accounting
• Participate in the preparation of the Allowance for Credit Loss
• Develops quarterly tax reports measuring accruals and expenses/benefits. Responsible for timely payment of taxes.

General:

• Effectively use tools and systems to be able to self-manage, organize, and complete work independently, proactively recognizing potential obstacles resolving them before they become an issue, managing to deadlines, creating action plans when not on track, enabling job functions to happen with minimal oversite and meeting conditions of satisfaction. 

• Use discretion in dealing with large amounts of sensitive, confidential information, while adhering to all Bank policies and procedures
• Adhere to all company policies, consistently demonstrating our core values and service standards
• In the performance of respective tasks and duties, the employee is expected to maintain knowledge of and ensure compliance with Bank Secrecy Act regulations and adheres to compliance procedures and internal/operational risk controls in accordance with all applicable regulatory standards, requirements and policies as well as attending all required training sessions and completing all required on-line training courses.
• Regular and consistent attendance is required to ensure a high standard of customer service.
• Other duties as assigned, performing similar or related work as directed, required, or as situation dictates.

LEVEL OF RESPONSIBILITY:

• The Controller plays a critical role in safeguarding the financial integrity of the organization, ensuring regulatory compliance, and enabling informed decisions made at the executive and Board level through accurate and timely financial reporting.
• Work is non-routine and relies on prior directly related experience and specific bank policies, and programs.
• Work is not directly supervised, and the role is relied upon to provide subject matter content within the organization. 

SKILLS REQUIRED:

• Master’s degree in Accounting, Finance, or related field (CPA strongly preferred)10+ years of accounting experience, in the banking or financial services industry.
• Prior experience participating in acquisition integration, transaction support, or public-company accounting and reporting environments preferred.
• Significant progressive accounting leadership experience, preferably in banking or financial services
• Deep knowledge of GAAP, regulatory reporting, and banking compliance requirements
• Proven experience with general ledger systems and financial reporting platforms.
• Demonstrated ability to lead teams, manage complex processes, and influence cross-functional stakeholders

EQUIPMENT REQUIRED:

• Smart Phone - To enable the MFA (Multi Factor Authentication) facilitating access to MSB systems.

HYBRID/REMOTE ENVIRONMENT:

• Your physical remote location must provide a dedicated workspace that is free from distraction and provides adequate light to be regularly visible on video calls.
• You must have access to a reliable internet connection with adequate bandwidth to join Teams and other video calls.

COMPETENCIES:

• Financial Integrity & Accuracy – Demonstrates strict attention to detail and commitment to high-quality financial reporting
• Regulatory & Risk Acumen – Strong understanding of regulatory expectations and control environments
• Leadership & Talent Development – Builds high-performing teams and develops future leaders
• Strategic Thinking & Execution – Aligns accounting operations with organizational goals
• Technical Expertise – Serves as a trusted advisor on complex accounting matters

LANGUAGE/COGNITIVE SKILLS: 

Thework skills described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

The person in this position frequently communicates with all departments, customers and vendors about required documentation, and therefore must be able to exchange accurate information in these cases. They will need to use judgment and discretion in decision making situations, interpret and follow all Bank policies and procedures, write/create correspondence letters to vendors, (Main Street Bank’s standard language is English). As well as the ability to:

• Speak and effectively present/communicate information and respond to questions from customers, groups of managers, vendors and other employees.
• Define problems, collect data, establish facts and draw valid conclusions.
• Read, analyze and interpret a variety of documents such as financial statements, accounting system generated reports and Bank policies and procedures,

PHYSICAL and WORK ENVIRONMENT DEMANDS: 

The physical and work environment demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.

While performing the duties of this job, the employee is required to:

Physical Demands/Efforts:

• Occasionally lift and/or move up to 10 pounds, (i.e. files)
• Frequently required to remain in a stationary position, greater than 75% of the time
• Occasionally required to stoop and bend

Mental & Visual Demands:

• Consistently operate a computer for extended periods of time
• Specific vision abilities may be required by this job include close vision, distance vision, peripheral vision, depth perception, and ability to adjust focus
• Regular use of office productivity machinery (i.e. a calculator, copy machine, fax machine, computer printer).

Work Environment and Hazards:

• Occasionally move throughout the inside the Bank to access resources and individuals
• Occasional local travel for bank purposes and/or on behalf of the bank (i.e. training).
• The employee must be able to work schedules that meet the needs of the bank, which may include early morning, evening and/or weekend hours.
• When in the office, it is a general office environment where the noise level is moderate

AMERICANS WITH DISABILITIES ACT

Main Street Bank complies with all aspects of the Americans with Disabilities Act (ADA) and state disability laws. This means that we will not discriminate against qualified individuals with a disability in any phase of the employment relationship including application for employment, hiring, promotions and/or advancement opportunities, termination, compensation, training and any other conditions or privileges of employment.

The completion of this Application for Employment does not assure a position with Main Street Bank and any offer of employment is conditioned on the satisfactory completion of a background and credit review as determined by the sole discretion of Main Street Bank. Neither this Application for Employment nor any document constitutes a contract of employment for a specific term and that any employment relationship that may be established will be 'at-will' and if hired, may be terminated at any time, for any reason, by the applicant or Main Street Bank.

Massachusetts Law - It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

Massachusetts General Laws c. 151B prohibits employers from (1) terminating or refusing to hire individuals on the basis of genetic information; (2) requesting genetic information concerning employees, applicants, or their family members; (3) attempting to induce individuals to undergo genetic tests or otherwise disclose genetic information; (4) using genetic information in any way that affects the terms and conditions of an individual’s employment; or (5) seeking, receiving or maintaining genetic information for any non-medical purpose.

Main Street Bank is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, pregnancy, genetic information, disability, status as a protected veteran, or any other protected category under applicable federal, state, and local laws.