VP, Controller

At Stearns Bank, we’re helping people, entrepreneurs, small businesses, and local communities nationwide reach their full financial potential. Sound like something you want to be a part of? If so, we’re currently looking for a VP, Controller. This is a fully remote position.

Come see how we’re doing business unusual and charting our own path to reimagine a more inclusive financial services and banking ecosystem for all.

Benefits

Stearns Bank understands and respects that everyone is managing unique career, family, and wellness needs. That’s why we offer industry-leading benefits to employees to help them live healthy lives and bring their full selves to work every day. Benefits may vary for part-time positions. Some of those benefits include:

Employee Stock Ownership Plan & 401k Plan 

Healthcare (Medical, Dental, Vision, Telehealth, Life insurance)

12-week Paid Medical Leave

Paid Parental Leave: 21-weeks Primary Care Parent, 14-weeks Secondary Care Parent

$5,000 Family Care Reimbursement: Childcare, Elder Care, Student Loan Debt, Pet expenses, down payment assistance

PTO from 13 to 23 days depending on tenure. Cashout and Carryover options.

10 Days Sick Time

11 Paid Holidays

4 Days Volunteer Time

2 Days Self Allowance Time

Tuition Assistance

For this position, we anticipate an annual range between $150,000 - $190,000.

Final employment offers will be dependent upon the selected candidate’s relevant qualifications and experience.

JOB SUMMARY

Plans and direct the accounting operations of the company.

RESPONSIBILITIES

• Oversees corporate operations of the Finance Department, which include accounts payable/ receivable, internal/external/regulatory financial reporting, and bank/general ledger account reconciliations.
  • Maintains a documented system of accounting policies and procedures; implements a system of internal controls over accounting transactions and works with internal audit to ensure compliance with all accounting FDICIA controls.
  • Oversees the production of periodic financial reports; ensures that the reported results comply with Generally Accepted Accounting Principles in the United States (US GAAP).  
  • Develop and prepare and non-US GAAP ad hoc management reports as requested
  • Assists Chief Financial Officer with financial analysis, with emphasis on mergers & acquisitions, capital planning, and contract negotiations.
  • Prepares accounting and regulatory proformas for potential merger and acquisition targets.
  • Prepares Day 1 purchase accounting entries for acquisitions.
  • Responsible for oversight of the federal and state income tax estimates and tax returns preparation with the company’s CPA firm.
  • Works with internal and external auditors to provide needed information for the annual consolidated financial statement audit, annual U.S. Department of Housing and Urban Development (HUD) audit, and annual employee benefit plans (ESOP/401k) audits.
  • Prepare resolutions for the Board of Directors for dividend approvals, annual FRB daylight overdrafts, and other resolutions as needed.
  • Oversee and manage the annual companywide insurance and fidelity bond renewal process
  • Oversee the financial reporting of all holding company and bank owned non-bank subsidiaries
  • Review and implement any new Accounting Standard Updates (ASU) from the FASB
  • Collect annual Regulation O information and track throughout the year
  • Ensures compliance with local, state, and federal government requirements.
  • Performs other related duties as necessary or assigned. 
  • Loss prevention and security as applicable for this position.
  • Maintain a working knowledge of all legal and regulatory compliance issues as they pertain to this position. 
  • Perform other duties as necessary for the efficient operations of the department and organization.
  • Complete required training.

REQUIREMENTS

• Occasionally lift and/or move up to 25 lbs.  
• Literacy in English.
• Ability to sit for extended periods of time, twist, bend, sit, walk use hands to twist, handle or feel objects, tools or controls, such as computer mouse, computer keyboard, calculator, stapler, telephone, staple puller, etc., reach with hands and arms, balance, stoop, kneel, talk or hear.
• Specific vision abilities required by the job include close vision, distance vision, peripheral vision, depth perception and the ability to adjust focus.

QUALIFICATIONS

• Bachelor’s Degree (B.A.) from a four-year college or university; or seven - ten years related experience in the finance/accounting industry and/or training, or equivalent education and experience.
• Five + year’s management experience.
• CPA accreditation preferred.
• Excellent oral and written communication skills.
• Flexible.
• Detail oriented.
• Strong organizational skills and ability to prioritize multiple tasks.
• Strong computer skills. 

THE COMPANY

Founded in 1912, Stearns Financial Services Inc. (SFSI) is a $3.2 billion, independently owned financial institution with locations in Minnesota, Florida and Arizona, and over 35,000 small business customers nationwide. Specializing in affordable housing financing, USDA and SBA lending, and small business and equipment financing, Stearns Bank is regularly recognized as one of the country’s top-performing banks and “Best Banks to Work For” by American Banker.

As a Star Tribune Top Workplaces award recipient and an award recipient of the Minnesota Business Magazine 100 Best Places to Work in Minnesota, Stearns takes pride in their team and holds their employees in extremely high regard. We offer a competitive salary and benefit package including our Employee Stock Ownership Program-one of the best long-term incentive programs in the nation. To learn more about Stearns Bank, visit www. StearnsBank.com

EQUAL OPPORTUNITY EMPLOYER /AFFIRMATIVE ACTION PLAN

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, or creed, religion, sex, marital status, familial status, sexual orientation, national origin, age, disability, veteran’s status, status with regard to public assistance, or any other class protected by Federal, State, local laws governing nondiscrimination in employment.