Corporate Controller & Principal Accounting Officer

The Arrow Financial Corporation Family of Companies is seeking dynamic, authentic individuals to join our amazing team!  Currently, we are looking for an experienced professional to join the Finance team as:

Corporate Controller & Principal Accounting Officer

This opportunity may be perfect for you if you have experience in:

> Operational Accounting

> Financial Reporting

About this position:

Oversee the Company’s operational accounting and financial reporting functions, including Sarbanes-Oxley Act of 2002 (SOX)/internal control related aspects, Securities and Exchange Commission (SEC) filing requirements, regulatory (call report, FRY 9, etc.) reporting. Determine and develop accounting methodologies/policies based on interpretation of United States Generally Accepted Accounting Principles (US GAAP) in relation to the Company’s circumstances. Oversee the monthly/quarterly/annual closing process and develop efficient processes and enhancements to drive accuracy and efficiency. 

Essential Job Functions

> Manage, coach, and counsel the reporting and operational accounting teams to meet department goals and achieve performance standards; encourage continuous improvement for career development.

Operational Accounting

> Oversee day-to-day accounting operations and implementation of new accounting standards, including:

> Understand intercompany transactions.

> Research complex accounting transactions and understand/trace transactions through core accounting system.

> Manage/oversee the monthly general ledger (GL) account reconciliation process.

> Design and implement efficient accounting processes to limit manual journal entries to GL and ensure that accounting sub-processes are accurately reflected.

> Ensure that all accounting sub-processes (Allowance for Loan and Lease Losses (ALLL)/Current Expected Credit Losses (CECL), Financial Accounting Standards Board (“FASB 91”) process and documentation, Accounts Payable (A/P), Fixed Assets, Prepaids, Expense Accruals, Loans, Deposits, Pension, Other Comprehensive Income (OCI), Taxes, share buy-backs, dividends etc.) are understood, documented and controlled.

> Document /monitor the interaction of GL with subsidiary modules and integrated software.

> Oversee the timely and accurate closing of the books, consolidation process and preparation of financial statements.

Reporting

> Lead the preparation of the annual Proxy Statement.

> Oversee the SOX program and liaison between Internal Audit, Finance, and control owners to mitigate risk and streamline processes.

> Prepare, review, and maintain supporting documentation for regulatory and financial reports; prepare financial statements, board reports and cash flow statements.

> Manage the quarterly and annual SEC and other regulatory reports including:  Form 4s, 8-K, 10-K/10-Q including Statements, Management’s Discussion and Analysis, Footnotes, and Overview – Risks, S-3, S-1, Proxy, Call Reports, United States Housing and Urban Development Reports, and Office of the Comptroller of the Currency (OCC)/Federal Deposit Insurance Corporation (FDIC) reporting. 

What you will need to thrive in this role:

In addition to your work and life experiences, as well as your passion and excitement for the profession, you would benefit from having: 

Education/Certifications:

> Bachelor’s degree in accounting or related field required

> Certified Public Accountant designation preferred

> 10 years of experience in an SEC registrant financial institution accounting department or with a Certified Public Accounting firm required

> 5 years supervisory experience preferred

> Experience in banking industry preferred

Skills/Knowledge:

> Detail oriented and extremely organized with strong prioritization and time management skills to successfully achieve objectives

> Demonstrated ability to analyze and manage large and complex data sets

> Proficient in Microsoft Office Suite: Word, Excel, Outlook; advanced knowledge of Excel, general ledger applications and experience with complex software applications

> Proficient in or strong ability to learn intricacies of complex software applications, including Fixed Assets, Stock Options, A2i, Adobe Professional, and XBRL

> Understanding of SOX requirements and risk management principles          

> Flexibility to meet critical deadlines

Physical Demands

> Prolonged periods sitting at a desk and some brief periods of walking/standing        

> Repetitive use of telephone, computer, computer mouse, and keyboard

> Must be able to lift up to 15 lbs. at times

What we will bring to the table:

We believe in investing in our employees and helping them grow their career with us.  We offer a pleasant, inclusive work environment, career development opportunities, and competitive compensation.  Through our total rewards program, we offer a comprehensive benefits package featuring:

>    Competitive compensation including potential bonus and incentives as well as paid vacation, sick time, and holidays

>    Medical, Dental, and Vision Insurance and Flexible Spending Plan

>    Multiple retirement plans including: 401(k), Pension, and Employee Stock Ownership

>    Education and Tuition Reimbursement

>    Employee Assistance Program for our employees and their immediate family members

We are an Equal Opportunity Employer. Our philosophy and practice are to provide equal opportunity to all employees and applicants for employment without regard to race (including traits historically associated with race), color, religion, creed, gender, sex, pregnancy (including childbirth and related conditions), sexual orientation, gender identity or expression, status of being transgender, national origin, age, disability, genetic information, predisposing genetic characteristics or carrier status, marital status, familial status, amnesty, status as a victim of domestic violence, reproductive health decision making, citizenship or immigration status, prior convictions or arrests, military status, status as a protected veteran, known relationship or association with any member of a protected class, or any other federal, state, or local legally protected classes. As a multi-bank holding company, Arrow Financial Corporation has over $4 billion in assets. Through our subsidiaries we provide a broad range of banking and insurance services across northeastern New York, including online and mobile banking, wealth management, money market and deposit accounts, and mortgage, consumer and commercial loans.

We are committed to delivering value for our shareholders, our customers, and our communities. Our conservative business model and strategy of steady growth have resulted in many recognitions from the nation’s leading publications and bank-rating firms.

The salary range for this position is $170,000 - $200,000 per year commensurate with experience and education.

Additional compensation may be earned through the Company’s annual bonus program, subject to individual and company performance.