Financial Reporting Manager

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Description

POSITION SUMMARY:

The Financial Reporting Manager will work with the Chief Accounting Officer on the timely and accurate financial reports of the holding company and all affiliates including each structure individually and on a consolidated basis, along with other financial matters. The individual will be required to research new Accounting Standard Updates (ASUs), prepare accounting memos and compile the associated documentation for reporting. This role requires an individual with strong organizational and communication skills coupled with being detail oriented, ability to effectively multi-task and meet deadlines in a fast-paced environment.

OBJECTIVES OF THIS ROLE:

• Serve internal customers by managing documents, information, and financial transactions successfully and in an organized, efficient, and secure manner
• Build awareness of new accounting rules - GAAP, SAS and SEC, determining applicability and recommending updates for procedures and adoption timelines.
• Accurate reporting and documentation of transactions - at Bank, Bancorp, other companies and on a consolidated basis.
• Work as a team within the accounting department to complete daily tasks, demonstrating respect and professionalism, being prompt, and supporting management with special requests as needed.
• Help our customers and employees realize their best lives.
• Complete assigned projects in a timely manner and attend training as requested.

RESPONSIBILITIES:

• GAAP Compliance: Responsible for implementation of new accounting standards and assuring proper supporting documentation for reporting.
• Valuations - attest to documentation and fairness.
• Tax compliance: Maintains awareness and conformity with all federal, state, local and corporate laws and policies. Prepares returns with assistance from external accountant.
• Completes monthly tax calculation, quarterly deferred tax calculation and annual franchise tax calculation.
• Remittance of all federal (income and 945), state (income, sales and use tax) and local filings.
• Consolidated annual and quarterly SEC financial reporting: Prepare footnote disclosures and management discussion and analysis (MD&A) sections utilizing Active Disclosure. Must have knowledge of iXBRL format and concepts.
• Disclosure checklists: Completes SEC and GAAP checklists to ensure compliance.
• Managing ledger and financial accounts: Audits accounts for errors and corrects any inconsistencies. Monitor the general ledger accounting for compliance with generally accepted accounting principles (GAAP), other industry best practices and company guidelines.
• SOX: Reviews with an emphasis on internal controls and ensures identified self-audits in the accounting department are completed.
• Documentation: Reviews financial details from past, present, and forecasted operations; identifies development opportunities and improvements that can be made.
• Collaborates with external auditors to provide information needed for the audits.
• Collaborates with external regulators to provide information needed for the annual audit.
• Profitstar: Assists with interest rate risk shocks and liquidity risk scenarios.
• Advisor: Advises business units on and assists with implementation of accounting policies.
• Acquisition Accounting: Serves on acquisition team and ensures transaction is recorded correctly.
• Assure correct merger of account information.
• Establish fair values, accretions and amortizations.
• Complete FDICIA Section 36 filing annually.
• Complete FR Y-6 filing annually.
• Other duties as assigned.

LEADERSHIP:

• Promote and encourage F&M culture and values; promotes a highly engaged and productive work environment, where employees feel comfortable speaking up about issues and can realize their best lives.

Requirements

QUALIFICATIONS: Education and/or Experience:

• Bachelor's degree in accounting or business administration required, Master's degree preferred.
• 10-15 years or more of related experience required.
• CPA designation required.
• Prior public accounting experience with SEC clients.
• SEC reporting experience required with financial institution emphasis a plus.

Required Skills/Abilities:

• Excellent verbal and written communication skills.
• Excellent and highly accurate math and accounting skills.
• Ability to work on a team and lead initiatives when requested.
• Excellent organizational skills and attention to detail.
• Excellent time management skills with a proven ability to meet deadlines.
• Proficient with Microsoft Office Suite or related software, and specialized accounting software used by the organization.

ADDITIONAL REQUIREMENTS: Certificates and Licenses

• Valid Driver's License
• CPA

COMPLIANCE:

• As generally applicable to F&M Bank and commensurate with these job functions, this job role includes accountabilities for following Bank policies and related procedures, as well as regulatory requirements involving federal and state laws, regulations, and related guidance.
• Compliance with Bank Secrecy Act (BSA), including accurate completion of Currency Transaction Reports (CTR) when applicable, Anti-Money Laundering Act (AML), Office of Foreign Asset Control (OFAC) and the USA PATRIOT Act. Adhere to Customer Identification, Customer Due Diligence and reporting of suspicious activities to the BSA Department.

LEADERSHIP COMPETENCIES:

• Managing Conflict: Listens well, diffuses conflict before it starts, finds solutions to problems in a constructive manner, handles difficult people.
• Agility: Ability to respond to changing conditions quickly with mechanisms in place to manage, mitigate, and minimize disruption.
• Leading Change: Champions organizational change initiatives. Assesses and adjusts to changing situations, implementing innovative solutions to make organizational improvements.
• Leading People: Designs and implements strategies that maximize employee potential in meeting the organization's vision, mission, and goals. Provides an inclusive workplace that fosters the development of others to their full potential.