Vice President, Financial Reporting
Vice President, Financial Reporting
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$ 192000 - 236160
1 Vacancy
Job Description
Benefits Overview
A career at CoBank can offer you the opportunity to make a personal impact on the people and communities where we do business. In order to be the best we hire the best!
Remarkable Benefits Offered by CoBank
- Careers with a purpose
- Time-Off Packages 20 days of vacation 10 paid sick days and 11 paid holidays
- Competitive Compensation & Incentive
- Hybrid work model: flexible arrangements for most positions
- Benefits Packages including Medical Dental and Vision coverage Disability AD&D and Life Insurance
- Robust associate training and development with CoBank University
- Tuition reimbursement for higher education up to $10K
- Outstanding 401k: up to 6% matching and additional 3% non-elective contribution
- Community Impact: United Way Angel Day Volunteer Day and Associate Directed Contribution
- Associate Resource Groups: creating a culture of respect and inclusion
- Recognize a fellow associate through our GEM awards
Job Description
Leads the Banks financial reporting to shareholders regulator and other key external stakeholders. Ensures financial reporting adheres to Generally Accepted Accounting Principles (GAAP) and relevant regulatory requirements. Directs all activities staff processes and systems of the financial reporting department to ensure the accurate complete and timely delivery of all financial and regulatory reports. Works closely with various groups in the bank to obtain the data required for financial reporting. Supports preferred stock offerings earnings press releases and ratings agency and investor presentations.
Essential Functions
- Manages the preparation and review of quarterly and annual financial statements and reports to shareholders in accordance with GAAP.
- Manages the preparation and review of quarterly call reports and other regulatory reports to the banks independent regulator the Farm Credit Administration (FCA).
- Manages the preparation and review of monthly quarterly and annual reports to the banks funding agent the Farm Credit System Funding Corporation (Funding Corporation).
- Oversees internal control over financial reporting (ICFR) documentation execution of internal controls and certifications related to financial reporting processes.
- Manages the quarterly GAAP update process and documentation published to senior management.
- Leads and/or participates in projects to enhance automate and digitize financial reporting systems and business processes. Ensures the development of streamlined processes with well-developed internal controls to minimize operational risks and maximize staff efficiency.
- Provides technical accounting and reporting expertise for complex transactions and new accounting pronouncements. Manages the financial reporting quarterly change management process documentation and meetings.
- Prepares/reviews earnings press releases ratings agency and investor presentations. Provides support for preferred stock offerings and environmental social and governance (ESG) reporting.
- Participates in the Banks Disclosure Committee the ICFR Steering Committee and the Farm Credit System Accounting Standards Workgroup.
- Responsible for review of benefit plan financial statements covering the banks defined contribution and defined benefit pension plans.
- Supports the Banks independent external audit and interfaces with external and internal auditors on a regular basis.
- Manages staff. Sets performance standards manages workflow grants authorities evaluates performance and recommends personnel actions within delegated authorities. Consults with Human Resources as appropriate.
Education
- Bachelors Degree in accounting finance or relevant discipline required
Work Experience
- 10 years of relevant accounting and financial reporting experience preferably in banking financial services or a related industry required
- 5 years in a leadership role over a medium to large financial reporting team required
Physical Exertion Details
Sedentary Exerting up to 10 pounds of force occasionally (Occasionally: activity or condition exists up to 1/3 of the time) and/or a negligible amount of force frequently (Frequently: activity or condition exists from 1/3 to 2/3 of the time) to lift carry push pull or otherwise move objects including the human body. Sedentary work involves sitting most of the time but may involve walking or standing for brief periods of time. Jobs are sedentary if walking and standing are required only occasionally and all other sedentary criteria are met.
Travel Requirement Details
Occasional Travel occurs infrequently (typically once a month or less).
About CoBank
The typical base pay range for this role is between $192000 - $236160. Compensation may vary based on individual job-related knowledge skills expertise and experience. This position is eligible for a discretionary annual incentive program driven by organization and individual performance.
The listed salary other compensation and benefits information is accurate as of the date of this posting. This job will be posted for a minimum of five (5) business days or until the position is filled. CoBank reserves the right to adjust compensation for all positions and to modify or discontinue benefits programs at any time in its sole discretion subject to applicable law.
CoBank is a cooperative bank serving vital industries across rural America. The bank provides loans leases export financing and other financial services to agribusinesses and rural power water and communications providers in all 50 states. The bank also provides wholesale loans and other financial services to affiliated Farm Credit associations serving more than 76000 farmers ranchers and other rural borrowers in 23 states around the country. CoBank is a member of the Farm Credit System a nationwide network of banks and retail lending associations chartered to support the borrowing needs of U.S. agriculture rural infrastructure and rural communities. Headquartered outside Denver Colorado CoBank serves customers from regional banking centers across the U.S. and also maintains an international representative office in Singapore.
REASONABLE ACCOMMODATION
We are committed to ensuring that our online application process provides an equal employment opportunity to all applicants including qualified individuals with disabilities. If you are an applicant with a disability or are assisting an applicant with a disability and require accessibility assistance or would like to request a reasonable accommodation for any aspect of the application process including completing an application interviewing or otherwise participating in the employee selection process please submit a request by emailing Include your contact information and specific details about your requested accommodation.
Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment visa at this time.
CoBank is an Equal Opportunity Employer.
All qualified applicants will receive consideration for employment without regard to race color religion sex sexual orientation national origin disability or status as a protected veteran.
Required Experience:
Chief
Employment Type
Full-Time
