VP, Controller

Job Description

Trustar Bank is a community bank conceived to meet the banking needs of businesses and individuals in the greater metropolitan Washington DC area. The Organizers of the Bank are experienced bankers, bank investors, and business professionals in the Bank’s target market area.

“At Trustar, our mission is to be your partner for financial success, to provide a sound investment for our shareholders, and to support our local community.”

“Our unique approach to financial services and our ‘can do’ attitude sets us apart from our competition. At Trustar, our philosophy is to provide customized banking solutions and top-notch service that truly addresses your individual needs.”

A viable market, sufficient capital, engaged leadership, and strong management are critical success factors for any financial institution. Service differentiates one bank from another. As a community bank, Trustar Bank‘s strategy is to be a personalized alternative to larger, super-regional financial institutions that increasingly dominate the Bank’s primary market. Our mission statement emphasizes personal service, responsiveness, and a willingness to tailor products and services to meet the needs of our customers:

We are so proud to this summer celebrate our 5th Anniversary and we are continuing to grow. Winners of the Washington Business Journals Best Places to Work four (4) years in a row, we want you to join this exciting, hard working team!

Trustar Bank is currently seeking an experienced Controller with a combination of public accounting and private industry banking experience to join our growing Finance and Accounting Team. Currently a team of four, the Controller serves as a key Accounting Officer supporting the Chief Financial Officer in a broad range of accounting duties, in addition to oversight and management of the Staff Accountant and Assistant Controller. Key activities include (but are not limited to) Internal, External and Regulatory Reporting, Daily Accounting Processes, SOX Control Oversight, Interface with Internal and External Auditors and State and Federal Examiners, support of the CEO, CFO, COB and Chairman of the Audit Committee as necessary.

Summary of Job Duties:

Directly responsible for the preparation and/or review of critical financial reporting activities:

Internal reporting, including monthly board reports and department level budget reports.

External Reporting-All SEC Reporting (10-Q, 10-K, Proxy, S filings, others as required).

Regulatory Reporting-All Regulatory Reports (Call Report, Y series, FR2900, others as required).

Investor Presentations-Support the CFO during periodic investor meetings and/or presentations.

Directly responsible for the preparation and/or review of key accounting activities:

Oversee daily accounting operations and identify opportunities to modernize and make improvements and increase the departments efficiency.

Responsibility and oversight of accounts payable, general ledger, month-end close and financial statement preparation, fixed & prepaid assets, etc.

Month end close for Bank, Mortgage subsidiary & consolidated.

Ensure compliance with all internal policy guidelines & regulations.

Review/Analyze: income/expense entries, significant budget variances, analysis of profitability, etc.

Coordinate information requested from outside auditors and regulatory officials as needed.

Reconcile key balance sheet and income statement accounts.

Document, implement and maintain key business controls (“SOX Controls”)

Provide backup and as needed support the CFO on funding and other related matters.

Other duties as assigned.

Requirements:

BS/BA degree in Accounting, Finance or Business Administration is required.

10+ Years of experience in an accounting or finance role in banking is required, at least 5 of which in a leadership capacity managing a team.

CPA is required.

A deep understanding of bank accounting.

SEC filing experience highly preferred.

Outstanding computer skills

Excellent Excel skills

Strong Word and PowerPoint skills

Reporting tools such as Cognos

Typical Bank accounting systems (BankTel a plus)

Trustar Bank has grown rapidly since it's start in 2019. With an all-star team and fast-paced environment, this is an exciting opportunity to help build the Accounting team. We also provide an outstanding benefits package to include a NO Deductible health care plan, a strong 401(k) with discretionary company match, LifeLock premier for all employees, and a generous PTO plan. We are an equal opportunity employer.