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Position Title: Director, Financial Reporting and Accounting
Locations: Effingham_IL
Time Type: Full time
Req ID: JR1149-Effingham_IL
At Midland, we’re proud to be a little different. You can see it in our bright orange signs-but there’s more to it than that. With our heartfelt and personalized approach, we’re focused on meeting every customer’s needs with the brightest solutions.
For more than 140 years, we’ve learned by serving customers skillfully with dedication and follow-through, we can brighten every interaction to drive our collective success. And this goes beyond traditional banking.
We foster programs that empower our communities, continuously invest in our employees, and actively pursue brighter futures for all.
Our humble ambition keeps us growing, giving back, and looking ahead. We’re innovating and optimizing our services to ensure we stay unique - providing strength you can count on with heart you can feel.
You might say we’re unlike any other bank.
And you’d be right."
At Midland States Bank, base salary is one component of our Total Rewards program. Exact compensation is determined by factors such as (but not limited to) education, skills, internal equity, and experience. This position offers additional compensation in the form of short-term incentives (i.e. bonus and/or commission) and may include long-term incentives (i.e. stock awards). Benefits for this role include comprehensive healthcare, well-being benefits, paid family leave as well as generous paid time off. Total Rewards also include banking perks, an Employee Stock Purchase Plan, 401K plan with company match and may include the opportunity to participate in our Non-Qualified Deferred Compensation plan. Incentives and benefits are subject to eligibility requirements.
Salary Range: $125,000-$175,000/annually
Position Summary
This position is a key member of the accounting team and the finance group as a whole. The Director – Financial Reporting & Accounting provides oversight and management of internal and external reporting, analyzes and implements new accounting policies and standards as required, monitors and updates existing accounting policies as the Company’s business changes, and oversees accounting operations functions.
Primary Accountabilities
People
- 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.
Job Specific
- 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.
Other
- 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.
Position Qualifications
Education/Experience:
- Bachelor’s degree in accounting.
- 10+ years of experience with a financial services, multi-company organization.
- CPA preferred.
- 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.
Competencies:
- Business insight
- Cultivates innovation
- Drives results
- Makes sound decisions
- Being a brand champion
- Collaborates
- Communicates effectively
- Customer focus
- Being Authentic
- Emotional Intelligence
- Self development
- Being flexible and adaptable
At Midland States Bank, we believe that when we can bring our whole selves to work each day, we become happier, more comfortable, more confident and more excited to do great things for our customers, each other and our company. We’re proud to be an Equal Opportunity and Affirmative Action employer. At Midland, we recruit, employ, train, compensate and promote without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status. If you are looking for a place to grow, we encourage you to apply at Midland States Bank, because you belong here.
If you require reasonable accommodation in completing this application, interviewing, completing any pre-employment testing, or otherwise participating in the employee selection process, please direct your inquiries to Midland States Bank Human Resources at HR@midlandsb.com.
THIS JOB DESCRIPTION DOES NOT CONSTITUTE A CONTRACT FOR EMPLOYMENT
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