VP-Controller

Socket.dev; Lowell (MA); On-site; USD 106,000 - 135,000; Full time

Job summary

Align Credit Union in Lowell, MA is seeking a VP Controller to provide leadership over accounting, financial reporting, and internal controls. Reporting to the President & CEO, you will collaborate with Risk Management, Lending, Operations, IT, and the executive team to ensure strong financial controls, regulatory compliance, and sound decision-making.

You will serve on the Senior Leadership Team and ALCO and oversee the accounting department.

Responsibilities

• Oversee accounting department activities: general ledger, A/P, reconciliations, month-end/year-end closing, and accuracy of financial records.
• Lead accurate and timely monthly, quarterly, and annual financial statements and regulatory filings (NCUA Call Report and other filings).
• Drive budgeting, forecasting, variance analysis, and financial planning with senior leaders.
• Oversee Allowance for Credit Losses (CECL) in collaboration with Risk Management and Lending.
• Strengthen internal controls, risk monitoring, and escalation of discrepancies.
• Provide financial analyses to support ALCO and balance sheet management and strategy.
• Coordinate financial systems, data integrity, and IT collaboration for reporting.
• Support auditors and regulators, facilitating exams and remediation actions.
• Lead and develop Accounting staff, driving process improvements and efficiency.
• Represent finance in Senior Leadership Team and Board discussions.

Job description

Role:

The VP Controller is a key financial leader responsible for the oversight, integrity, accuracy, and timely completion of the Credit Union's accounting and financial reporting functions. Reporting directly to the President & CEO, the VP Controller provides leadership and oversight of the Accounting Department, works closely with the Risk Management area, and collaborates across Lending, Operations, Information Technology, and other business areas to ensure strong financial controls, accurate reporting, regulatory compliance, and sound financial decision-making.
The VP Controller works closely with the SVP of Finance, who is responsible for cash management and investments, to ensure a coordinated approach to the Credit Union's overall financial management and strategy.
The VP Controller serves as a member of the Senior Leadership Team and Asset Liability Management Committee (ALCO) and provides financial insight, identifies emerging risks and trends, strengthens internal controls, and supports the Credit Union's strategic objectives.

Essential functions & Responsibilities:

Accounting & Financial OversightLead and oversee the Accounting Department, including general ledger activities, accounts payable, reconciliations, month-end and year-end closing, and the accuracy and integrity of the Credit Union's financial records.

Financial & Regulatory Reporting
Oversee the accurate and timely preparation of monthly, quarterly, and annual financial statements, management and Board reporting, the NCUA Call Report, and other required federal and state regulatory financial filings.

Budgeting, Forecasting & Financial Analysis
Lead and support budgeting, forecasting, variance and profitability analysis, and financial planning. Provide the President & CEO and Senior Leadership Team with meaningful analysis of financial performance, trends, and emerging concerns.

Allowance for Credit Losses / CECL
Oversee the calculation, analysis, documentation, and ongoing monitoring of the Allowance for Credit Losses in collaboration with Risk Management and Lending, including credit quality trends, delinquency, charge-offs, concentrations, qualitative factors, and economic assumptions.

Risk Management & Internal Controls
Work closely with the Risk Management area to identify and monitor financial and operational risks, support Enterprise Risk Management, strengthen internal controls and reconciliation processes, and ensure significant discrepancies, exceptions, or control weaknesses are appropriately escalated and resolved.

ALCO & Balance Sheet Management
Serve as an active member of ALCO and provide financial analysis supporting liquidity, interest rate risk, Net Economic Value (NEV), earnings, funding, capital, and overall balance sheet management. Work closely with the SVP of Finance on cash management, investments, liquidity, and related ALCO strategies.

DNA & Financial Systems
Serve as a key financial subject matter expert for DNA and related financial systems, including general ledger interfaces, transaction flows, reconciliations, data integrity, and financial reporting. Collaborate with Information Technology and other business areas on system changes, testing, upgrades, and issue resolution.

Audit, Examination & Compliance Support
Serve as a primary financial contact for internal and external auditors and regulatory examiners. Coordinate requested financial information and work with Risk Management and other areas to ensure findings and corrective actions are appropriately addressed and completed timely.

Senior Leadership & Board Support
Serve as an active member of the Senior Leadership Team, providing financial expertise and strategic insight to support organizational decision-making. Prepare and present financial information, trends, risks, and recommendations to the President & CEO, Senior Leadership Team, and ALCO, as appropriate.

Leadership, Development & Continuous Improvement
Lead, coach, and develop Accounting employees while promoting accountability, cross-training, succession planning, and professional development. Identify opportunities to improve accounting processes, financial reporting, automation, controls, and organizational efficiency while demonstrating the leadership and strategic capabilities necessary for continued professional growth.
Other job-related duties, as assigned.

At Align Credit Union, we believe in pay transparency and are committed to providing our employees and candidates with access to information about our compensation practices. The expected base pay rate offered for this role is $106,000.00 - $135,000.00 annually. Compensation may vary based on relevant experience, skills, competencies, and certifications.

Monday-Friday 8:00AM-5:00PM
40+ hours per week