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Midland States Bank · 2 hours ago

Director, Financial Reporting and Accounting

Effingham, IL

Full-time

Onsite

Senior Level, Lead/Staff

$125K/yr - $190K/yr

10+ years exp

Midland States Bank is a unique financial institution focused on personalized customer solutions and community empowerment. The Director of Financial Reporting and Accounting will oversee internal and external reporting, manage accounting operations, and ensure compliance with accounting standards. This role involves leadership responsibilities, including coaching a team and preparing financial statements for regulatory reporting.

BankingFinanceFinancial ServicesWealth Management

Responsibilities

Manages a team of professionals in a customer-centric culture to excel in a fast-paced environment

Coaches, develops, and conducts performance management activities with direct and indirect reports

Identifies high-potential employees for advanced training and development opportunities

Effectively manages poor performers

Supports the Chief Accounting Officer in managing external financial reporting, including preparation and review of the annual report, quarterly earnings releases, bank regulatory reports and legal entity regulatory financial reports

Prepares initial drafts of financial statements to be included in Form 10-Qs and Form 10-K, including footnotes and Management’s Discussion and Analysis (MD&A)

Administers and supervises the annual and quarterly preparation process conducted by other accounting personnel

Supports the finance team in the review of footnote documentation and MD&A information

Performs a detailed review of the quarterly call report and Federal Reserve reports

Supports the finance team in the preparation of monthly and quarterly financial reporting packages for management, the audit committee and the board of directors

Addresses inquiries from internal and external auditors, providing documentation that supports their needs

Plans, organizes and coordinates all activities of the general accounting function for the Corporation to ensure accurate and timely recording of accounting entries

Administers and supervises the month-end close process

Is responsible for ensuring the accuracy and adequacy of internal control documentation required for enterprise risk management

Maintains a process to ensure that all balance sheet and internal DDA accounts are reconciled on a periodic basis

Is responsible for completing annual goodwill and intangible asset impairment assessments

Stays current with new accounting and financial reporting guidance issued by the FASB, SEC and IASB when applicable

The role requires occasional travel for training and team meetings, and willingness to travel periodically to locations within market as needed

May require work in a Midland office to ensure collaboration and support of internal and external customers

Maintain compliance with all applicable regulations including, but not limited to, the Bank Secrecy Act (BSA)

Other duties as assigned

Qualification

CPAGAAP accountingSEC reportingFinancial reportingAccounting policiesCommunication skillsOrganizational skillsProblem-solvingTeam managementEmotional intelligence

Required

Bachelor's degree in accounting

10+ years of experience with a financial services, multi-company organization

Over seven years of significant bank accounting experience, including SEC reporting/public company experience

Working knowledge of GAAP accounting issues as they relate to the banking industry

Excellent oral, written, and interpersonal communication skills with the ability to instruct others, interpret documents, and write reports and correspondence

Excellent organizational and time management skills

Ability to deal with complex problems involving multiple facets and variables in non-standardized situations