Assistant Controller (Regulatory)

Assistant Controller (Regulatory) Location : Location US-WA-Seattle Location : Address 425 Pike Street Location : City Seattle Location : State/Province WA ID 2024-3031 Category Accounting and Finance Position Type Full Time Min USD $125,000.00/Yr. Max USD $165,000.00/Yr. Min USD $125,000.00/Yr. Max USD $165,000.00/Yr. Job Summary The Assistant Controller plays a critical role in supporting various members of the Finance/Accounting Management Team. The right individual for this role is a motivated leader with a strong accounting background that is excited to lend their creativity and strong organizational, analytical and problem-solving skills to further enhance the bank's regulatory reporting process. This role is primarily responsible for the supervision, preparation and review of bank regulatory reports filed with various regulatory agencies, as well as implementing regulatory accounting policies to be followed by the bank, performing research and analysis as necessary. This individual would also contribute to various accounting related functions such as the preparation, presentation and interpretation of financial reports; accounting analysis; account reconciliations; financial data analysis; and assist with financial audits. Will direct certain departmental activities; provide leadership, training and supervision; provide a high level of customer relations and service; and ensure compliance with Bank policies and procedures. Along with the key functions listed below, each position will be expected to uphold the value that WaFd Bank places on simply being kind when servicing our co-workers and customers, and living our Corporate Values of Integrity, Ownership, Simplicity, Teamwork, and Service Culture. ESSENTIAL DUTIES AND RESPONSIBILITIES include the following and will be executed under the direction of the Controller. Other duties may be assigned: Obtains and maintains a thorough understanding of the financial reporting and general ledger structure of the Bank, holding company and other subsidiaries and supports preparation of month-end, quarter-end and year-end financial statements. Ensures that record systems and procedures are maintained in accordance with Generally Accepted Accounting Principles (GAAP) and regulatory requirements. Oversees supervision, preparation and reviews the periodic reports for the FDIC, FRB, and other agencies in accordance with regulatory reporting instructions, including quarterly Call, FRY9C, FRYLP, FRY10. Conducts research into new accounting pronouncements and regulatory updates to evaluate new opportunities and changes in bank practices to determine the appropriate application. Coordinates and performs periodic testing and validation of reporting procedures and processes to ensure compliance with internal controls and policies. Reviews or prepares schedules requested by regulatory (e.g. FDIC, FRB), internal, and external auditors. Prepares special reports and analyses as requested by Executive Management. Conducts analysis of source system data with a constant focus on improvement of data quality and reconciliation. Maintains and updates bank policies related to regulatory reporting. Keeps abreast of changes in accounting and regulatory principles, regulations, and laws. Responsible for leading and directing employees assisting with the regulatory reporting process. Assists in managing preparation and support of internal and external audits. Serves as a point of contact for external auditors and bank examiners. Participates in proper filing of SEC reports. Conducts research into new accounting pronouncements, SEC rules, and regulatory updates to evaluate new opportunities a