Ready to make a difference? At Salem Co-operative Bank, we pride ourselves on offering a work environment where customer service and success are consistently placed front and center. Founded in 1922, we've grown in size, expanded our products and services, and learned to improve from 100 years of experience. Every customer is treated as a unique individual, knowing that not all customers' needs are the same. Our commitment to our community is evident in our philanthropic foundation, Salem Community Benefit, which has contributed over $1.6 million to local organizations. Each year our employees spend many hours volunteering at local organizations in the Salem and Merrimack Valley areas. If you are ready to make a difference professionally, personally, and in the community, we want to meet you!
We are looking for a VP, Controller who will support the Chief Financial Officer in ensuring the smooth operation of the department by performing a range of accounting functions. This is a hands-on position requiring an ability to see the big picture wile using a detailed and task-oriented approach. This person will provide day-to-day leadership for the accounting staff and will act as backup to the CFO.
How you will accomplish this:
- Ensure the general ledger, accounts payable, fixed asset and investment functions are managed appropriately, and internal procedures operate smoothly
- Review the GL for reasonableness of recorded income and expenses. Direct the reconciliation process of the Bank's asset and liability accounts.
- Manage daily funds management to include borrowings and brokered deposits and prepare liquidity reports as assigned
- Oversee month-end closing, including monthly GL accruals
- Prepare monthly internal financial statements and other assigned management reports
- Preparation of the Bank's audited financial statements and associated footnotes while maintaining financial reporting compliance with GAAP
- Assist the CFO with the annual budgeting process
- Prepare regulatory reports as required under federal and state banking regulations, including Call Report
- Coordinate data collection and submission for external audits, regulatory exams and selected internal audits
- Maintain accounting records and file the Annual Report for SCB, Inc, the Bank's wholly owned subsidiary
- Prepare financial statements for Salem Community Benefit, Inc.
- Coordinate security purchase settlements and deliveries
- Remit estimated federal and state tax payments
- Prepare ALCO and Investment meeting packages
- Attend and draft minutes for ALCO and Investment Committee meetings
- Provide backup to VP-Human Resources for payroll submission
- Prepare census reports for annual Director Retirement plans
- Coordinate the payment of director's fees and retirement benefits, including the issuance of Form 1099-NEC
- Perform other duties as needed
What you will bring to the role:
- Bachelor's degree in accounting or finance and 5+ years of related banking or accounting experience; or equivalent combination of education and experience
- Strong knowledge of accounting principles and financial statement preparation
- Knowledge of and experience with state and federal bank regulations and reporting requirements
- Strong analytical and strategic thinking skills
- Knowledge of bank products, services, operations, payroll processing and recordkeeping
- Strong mathematical, organizational, problem solving, technical/computer, and interpersonal skills
- Demonstrated proficiency in Excel, Word, and Adobe Acrobat; experience utilizing Accounting and ALM software preferred
- Strong written and verbal communication skills
- Ability to multi-task in a fast-paced environment while maintaining strong attention to detail and meeting deadlines
- Ability to maintain confidentiality at all times
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Salem Co-operative Bank
Jun 18, 2025