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Bank Controller at Mercury | Remote or Multiple Locations

MercurySan Francisco, CA, New York, NY, Portland, OR, or Remote within Canada or United States
Remote Full-time $179.9K/yr - $199.9K/yr

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Experience Level

Mid to Senior

Qualifications

The ideal candidate will possess: A Bachelor's degree in Accounting, Finance, or a related field. A minimum of 5 years of experience in banking or financial services accounting, with a strong focus on regulatory compliance. Proven expertise in financial reporting, GAAP, and regulatory reporting standards. Exceptional analytical skills and attention to detail. Strong leadership abilities and excellent communication skills. Experience with accounting software and financial management systems.

About the job

About Mercury:

Mercury is an innovative financial technology company dedicated to developing cutting-edge banking solutions for ambitious businesses. Since our inception as a startup banking platform, we've evolved significantly, now managing tens of billions in deposits. We are excited to announce our next venture: pursuing a de novo bank charter to operate as a fully licensed bank.

This is a pivotal moment in our journey. As we transition from fintech to a fully operational bank, we are focused on constructing institutional-grade accounting systems from the ground up. This foundational work begins with this role.

Note: Mercury operates as a fintech company and is not an FDIC-insured bank. Banking services are provided through Choice Financial Group and Column N. A., both members of FDIC.

The Role:

As the Bank Controller, reporting directly to the Corporate Controller, you will take charge of the accounting function for Mercury's banking operations. This is a key leadership position where you will establish the policies, processes, systems, and team necessary for Mercury to function as a fully regulated and insured depository institution.

You will be at the crossroads of technical accounting, regulatory compliance, and operational development. This is not a role for those looking to maintain existing functions; it is for those who aspire to architect and innovate while collaborating closely with our Engineering and Product teams.

What You'll Do:

Bank Accounting Infrastructure

  • Craft and implement the Chart of Accounts, general ledger structure, and subledger architecture for the bank entity, ensuring alignment with call report and regulatory reporting requirements.
  • Establish bank-specific accounting policies related to investment securities (ASC 320/326), loan accounting, interest income accruals, ALLL/ACL methodology, and fee recognition.
  • Develop the bank's financial closing processes and reconciliation frameworks.

Regulatory and Call Report Compliance

  • Lead the preparation of FFIEC Call Reports (FFIEC 031/041), FR Y-9C, and other regulatory financial submissions on a quarterly basis.
  • Act as the primary accounting subject matter expert during regulatory examinations (OCC, FDIC, Federal Reserve), addressing examiner queries and managing remediation items.
  • Implement and maintain the bank's accounting policy manual in conformity with GAAP, regulatory guidelines, and safety standards.
  • Collaborate with Treasury on ALM reporting, liquidity coverage ratios, and interest rate risk disclosures.

Financial Reporting and Controls

  • Design comprehensive financial reporting frameworks and monitor internal controls to ensure accuracy and compliance.
  • Oversee the preparation and analysis of the bank's financial statements, ensuring transparency and adherence to regulatory standards.

About Mercury

Mercury is at the forefront of financial technology, revolutionizing the way businesses access banking services. Our commitment to innovation and excellence drives us to create tailored banking products that empower ambitious companies to thrive. With a strong foundation and a clear vision for the future, we are poised to redefine the banking landscape.

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