CityFirst Bank
Controller
CityFirst Bank, Washington, District of Columbia, us, 20022
WHO WE ARE
City First Bank N.A.
is a mission-driven Community Development Financial Institution (CDFI) principally focused on a transformative impact in underserved, urban markets with the highest needs to drive equitable economic development. Our lending activities are purely commercial and focused on the following segments: Multifamily Affordable Housing, Not-for-Profit Finance, and Small Business Finance. As a depository and commercial lending provider with over $1.4 billion in bank assets as of December 31, 2023, our unified organization has over 100 employees in Washington DC and Los Angeles/Inglewood, CA.
ROLE SUMMARY
The position of the Controller is responsible for oversight and management of the Bank's general ledger accounting systems. This role will coordinate the monthly close, and oversee staff responsible for the accounts payable, fixed assets, intercompany and prepaid accounting functions. This position is also responsible for overseeing the reconciliation of key bank accounts and payroll accounts.
ESSENTIAL FUNCTIONS AND RESPONSIBILITIESMaintaining system interfaces, monitoring suspense accounts, and clearing reconciling items. Coordinates with department managers throughout the Bank.Oversees the monthly general ledger account certification processOversees the reconciliation of the Intercompany Due/Payable accounts, insures monthly settlementResponsible for the accounting for benefit plans (ESOP, Long Term Incentive Plan)Oversees the proper recording of payroll entries and accrualsOversees/records month end closing entriesOversees and reviews the reconciliation of the Federal Reserve account, correspondent bank accounts, and internal demand deposit accounts on a monthly basisPrepares complex account reconciliationsRecord monthly closing entries for the Holding CompanyMaintain, manage and analyze financial statementsPrepares the monthly Dashboard fileSupervises and reviews the accounting for accounts payable, fixed assets and prepaid accountsManages the unclaimed property and escheatment processes for Finance/Accounting.Develops H360BI Reports for account analysisAssists with external/ internal audits and regulatory examinationsPrepares applications for corporate insuranceOther duties as assigned.Requirements
EDUCATION & EXPERIENCE
Required Education/Experience:
4-year College Degree required in Accounting, Business, Finance, or related field.10 years' experience in Accounting5 plus years of experience in banking/financial services working with the general ledger, reconciliations, month-end closings, and other general accounting processesExperience with a public company is preferredCERTIFICATIONS
CPA preferredKNOWLEDGE, SKILLS, AND ABILITIES
Required Knowledge & Skills:
Knowledge of state and federal banking regulations and standard bank policies.Proficiency in Microsoft Office with intermediate/advanced skill in Excel.Knowledge of Core processing systems for financial institutions (FIS preferred)Excellent analytical and problem-solving skillsAbility to meet deadlinesGreat work ethic and attention to detail.Strong verbal and written communication skillsPreferred Knowledge & Skills:
Ability to collaborate with other departments throughout the BankStrong leadership/supervisory skillsGreat problem resolution skills.Team player
Salary Description
$123,241 - $156,419 , annually
City First Bank N.A.
is a mission-driven Community Development Financial Institution (CDFI) principally focused on a transformative impact in underserved, urban markets with the highest needs to drive equitable economic development. Our lending activities are purely commercial and focused on the following segments: Multifamily Affordable Housing, Not-for-Profit Finance, and Small Business Finance. As a depository and commercial lending provider with over $1.4 billion in bank assets as of December 31, 2023, our unified organization has over 100 employees in Washington DC and Los Angeles/Inglewood, CA.
ROLE SUMMARY
The position of the Controller is responsible for oversight and management of the Bank's general ledger accounting systems. This role will coordinate the monthly close, and oversee staff responsible for the accounts payable, fixed assets, intercompany and prepaid accounting functions. This position is also responsible for overseeing the reconciliation of key bank accounts and payroll accounts.
ESSENTIAL FUNCTIONS AND RESPONSIBILITIESMaintaining system interfaces, monitoring suspense accounts, and clearing reconciling items. Coordinates with department managers throughout the Bank.Oversees the monthly general ledger account certification processOversees the reconciliation of the Intercompany Due/Payable accounts, insures monthly settlementResponsible for the accounting for benefit plans (ESOP, Long Term Incentive Plan)Oversees the proper recording of payroll entries and accrualsOversees/records month end closing entriesOversees and reviews the reconciliation of the Federal Reserve account, correspondent bank accounts, and internal demand deposit accounts on a monthly basisPrepares complex account reconciliationsRecord monthly closing entries for the Holding CompanyMaintain, manage and analyze financial statementsPrepares the monthly Dashboard fileSupervises and reviews the accounting for accounts payable, fixed assets and prepaid accountsManages the unclaimed property and escheatment processes for Finance/Accounting.Develops H360BI Reports for account analysisAssists with external/ internal audits and regulatory examinationsPrepares applications for corporate insuranceOther duties as assigned.Requirements
EDUCATION & EXPERIENCE
Required Education/Experience:
4-year College Degree required in Accounting, Business, Finance, or related field.10 years' experience in Accounting5 plus years of experience in banking/financial services working with the general ledger, reconciliations, month-end closings, and other general accounting processesExperience with a public company is preferredCERTIFICATIONS
CPA preferredKNOWLEDGE, SKILLS, AND ABILITIES
Required Knowledge & Skills:
Knowledge of state and federal banking regulations and standard bank policies.Proficiency in Microsoft Office with intermediate/advanced skill in Excel.Knowledge of Core processing systems for financial institutions (FIS preferred)Excellent analytical and problem-solving skillsAbility to meet deadlinesGreat work ethic and attention to detail.Strong verbal and written communication skillsPreferred Knowledge & Skills:
Ability to collaborate with other departments throughout the BankStrong leadership/supervisory skillsGreat problem resolution skills.Team player
Salary Description
$123,241 - $156,419 , annually