People Drive Our Success
Are you enthusiastic, highly motivated, and have a strong work ethic? If yes, come join our team at Cathay Bank - we strive to provide a caring culture that supports your aspirations and success. We believe people are our most valuable asset and we proudly foster growth and development, empowering you to achieve your professional goals. We have thrived for 60 years and persevered through many economic cycles due to our team members drive and optimism. Together, we can make a difference in the financial future of our communities.
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GENERAL SUMMARY
The Assistant Controller - Accounting Operations is a key leader within the Finance organization, responsible for overseeing the Cathay Banks core accounting functions and ensuring the accuracy and integrity of the financial close process. This role manages day-to-day accounting operations, leads the general ledger, and drives continuous improvement in processes and controls.
DIRECT REPORTS
The position will manage a team.
ESSENTIAL FUNCTIONS
Lead and manage period-end close processes, ensuring timely, accurate, and well-controlled financial results.
Oversee the general ledger, including review and approval of journal entries, accruals, and reconciliations.
Own the reconciliation framework for key balance sheet accounts, ensuring completeness, accuracy, and timely resolution of discrepancies.
Review and approve accounting activity across operational areas, such as loans, deposits, investments, fixed assets, prepaid assets, and other core financial statement categories.
Oversee subledger integrity and ensure proper integration between operational systems and the general ledger.
Prepare monthly internal financial reporting packages and provide meaningful analysis and insights to management.
Maintain and enhance internal controls over accounting operations, supporting SOX compliance and remediation efforts.
Partner with Treasury, Credit Operations, and Risk teams to ensure accurate accounting for loan activity, deposits, investments, derivatives, and other financial instruments.
Lead monthly lease accounting processes and support CDI and solar ITC impairment analyses.
Oversee accounting and reporting for the Banks subsidiaries, ensuring proper consolidation and documentation.
Support system governance for accounting platforms, including GL configuration, integration, testing, and process automation initiatives.
Identify and implement process improvements to enhance efficiency, accuracy, and control within accounting operations.
Coordinate with internal and external auditors, preparing and reviewing requested documentation.
Lead mentor and develop accounting staff by setting goals, managing performance, and providing ongoing training and support.
Serve as a key backup to the Corporate Controller for operational accounting responsibilities and leadership coverage.
QUALIFICATIONS
Education: Bachelors degree in accounting or finance.
Experience: 7-10 years of progressive accounting experience, including financial close and general ledger oversight. Team management experience required. Banking and/or public accounting experience is highly preferred.
SKILLS
Ability: Advanced knowledge of Excel and experience with PeopleSoft GL and IBS is highly preferred. Must be organized, detail-oriented, be able to plan and prioritize, have strong verbal and written communication skills, and be responsible and self-motivated.
OTHER DETAILS
150k - 190k per year Pay determined based on job-related knowledge, skills, experience, and location.
This position may be eligible for a discretionary bonus.
Cathay Bank offers its full-time employees a competitive benefits package, which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs, which includes coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health savings account (HSA) with company contributions, voluntary coverages, and 401k.
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Cathay Bank is an Equal Opportunity and Affirmative Action Employer. We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex, including pregnancy and related medical conditions, childbirth and breastfeeding, reproductive health decision-making, sexual orientation, gender identity, expression, genetic information or characteristics, disability, or medical condition, military status, or status as a protected veteran, or any other status protected by applicable law.
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