Financial Controller

First State Bank and Trust
  • Monticello, IL
  • Full-time
  • Quick Apply
30+ days ago

Job Description

Financial Controller FIRST STATE BANK AND TRUSTMONTICELLO, ILThe Financial Controller is responsible for the integrity, accuracy, and timeliness of the Bank's financial reporting and accounting operations. This role oversees the general ledger, financial statement preparation, regulatory reporting support, internal controls, budgeting, audits, and accounting policy compliance. In a community bank setting, the Controller is both a strategic partner to the CFO and a hands‑on leader who ensures compliance with GAAP, regulatory expectations, and internal policies.The Controller plays a critical role in supporting the Bank's financial strength, transparency, and regulatory standing while helping scale financial processes to support growth.Key ResponsibilitiesFinancial Reporting & AccountingEnsure the accurate and timely preparation of monthly, quarterly, and annual financial statements in accordance with GAAP.Oversee general ledger maintenance, account reconciliations, accruals, and closing processes.Review and approve journal entries, balance sheet reconciliations, and variance analyses.Maintain accounting policies, procedures, and documentation to ensure consistency and compliance.Regulatory & External ReportingSupport preparation and review of regulatory reports and holding company financials in coordination with the CFO and external vendors.Serve as a primary liaison for external auditors, regulators, and internal audit engagements.Ensure compliance with FDIC, state banking regulators, and other applicable regulatory requirements.Internal Controls & Risk ManagementDesign, implement, and maintain strong internal controls over financial reporting.Monitor adherence to internal policies and corrective action plans.Identify accounting risks and proactively recommend improvements to controls and processes.Budgeting, Forecasting & AnalysisAssist the CFO in the annual budgeting and strategic planning process.Support forecasting, financial modeling, and management reporting.Provide financial analysis and insights to executive management and the Board as requested.Leadership & Team ManagementLead and develop accounting staff, including mentoring, performance management, and training.Promote a culture of accuracy, accountability, and continuous improvement.Ensure adequate cross‑training and succession planning within the accounting function.Systems & Process ImprovementOversee accounting system integrity and chart of accounts maintenance.Partner with IT, operations, and external vendors on system upgrades, conversions, or new implementations.Drive automation and process improvements to enhance efficiency and scalability.QualificationsEducation & CertificationBachelor's degree in Accounting, Finance, or related field required.CPA or CMA strongly preferred.ExperienceMinimum of 7–10 years of progressive accounting experience, with at least 3–5 years in a banking or financial services environment.Prior experience in a community bank or similarly regulated institution strongly preferred.Experience managing audits, regulatory exams, and financial reporting cycles.Demonstrated people leadership experience.Technical SkillsStrong working knowledge of GAAP and bank‑specific accounting topics.Familiarity with FDIC and Illinois regulatory expectations.Experience with core banking systems and financial reporting software.Strong Excel and data analysis skills.CompetenciesHigh attention to detail with the ability to see the broader financial picture.Strong analytical, organizational, and problem‑solving skills.Clear and professional communication skills, both written and verbal.Ability to manage deadlines and priorities in a fast‑paced environment.High ethical standards and commitment to confidentiality.Physical & Work Environment RequirementsPrimarily office‑based with standard business hours.May require extended hours during month‑end, quarter‑end, year‑end, audits, or examinations.Occasional travel for training, audits, or regulatory meetings.LEARN A LITTLE ABOUT USAt First State Bank and Trust, we're proud to deliver something increasingly uncommon in financial services: a truly independent, 100% employee‑owned community bank. Fewer than a handful of banks nationwide share our ownership structure, and it's the foundation of everything we do. When you work here, you're not just joining a team - you're becoming an owner with a real stake in our long‑term success.We have built a strong reputation as a trusted financial institution serving seven communities across Central Illinois. With $500 million in assets, we offer a full range of retail and commercial banking services, supported by a growing mortgage banking group and a dedicated trust and wealth management department. You'll find us in Monticello, Champaign, Bloomington, Heyworth, Tuscola, Atwood, and Hammond.Equal Opportunity Employer. Member FDIC. Equal Housing Lender

Numbers & Facts

LocationMonticello, IL
Job TypeFull-time

Skills

  • Accountingunmatched
  • Accounting Closeunmatched
  • Accounting Policiesunmatched
  • Accounting Softwareunmatched
  • Analysis Skillsunmatched
  • Auditingunmatched
  • Automationunmatched
  • Balance Sheetunmatched
  • Banking Servicesunmatched
  • Budgetingunmatched
  • Certified Management Accountant (CMA)unmatched
  • Certified Public Accountant (CPA)unmatched
  • Channel Strategiesunmatched
  • Communication Skillsunmatched
  • Community Bankingunmatched
  • Continuous Improvementunmatched
  • Corporate Financeunmatched
  • Corrective Actionunmatched
  • Data Analysisunmatched
  • Detail Orientedunmatched
  • Documentationunmatched
  • External Auditunmatched
  • Federal Deposit Insurance Corp (FDIC)unmatched
  • Financeunmatched
  • Finance Softwareunmatched
  • Financial Analysisunmatched
  • Financial Auditunmatched
  • Financial Controlunmatched
  • Financial Modelingunmatched
  • Financial Regulationsunmatched
  • Financial Reportingunmatched
  • Financial Servicesunmatched
  • Financial Statementsunmatched
  • Forecastingunmatched
  • General Ledger Accountingunmatched
  • Generally Accepted Accounting Principles (GAAP)unmatched
  • Head of Financeunmatched
  • Internal Auditunmatched
  • Journal Entriesunmatched
  • Leadershipunmatched
  • Maintain Complianceunmatched
  • Management Reportingunmatched
  • Mentoringunmatched
  • Microsoft Excelunmatched
  • Organizational Skillsunmatched
  • Performance Managementunmatched
  • Presentation/Verbal Skillsunmatched
  • Problem Solving Skillsunmatched
  • Process Improvementunmatched
  • Reconciliationunmatched
  • Regulationsunmatched
  • Regulatory Complianceunmatched
  • Regulatory Reportsunmatched
  • Regulatory Requirementsunmatched
  • Risk Analysisunmatched
  • Risk Managementunmatched
  • Strategic Planningunmatched
  • Succession Planningunmatched
  • Systems Administration/Managementunmatched
  • Time Managementunmatched
  • Variance Analysisunmatched
  • Writing Skillsunmatched

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