Controller

ABOUT US

Coastal is at the forefront of modern banking, combining strong financial infrastructure with cutting-edge Banking-as-a-Service (BaaS) and fintech enablement strategies. We support not only individuals with their personal banking needs; we also empower businesses by integrating modern banking technology that drives growth, flexibility, and innovation.

At Coastal, we think and move like entrepreneurs; focused on impact, speed, and continuous improvement. We believe in working smart, collaborating deeply, and building solutions that unlock real potential. If you're someone who thrives in a fast-moving environment, loves solving complex problems, and wants to help shape the future of banking, we’d love to meet you.

Check out our video here!

OVERVIEW

This position will direct the overall accounting activities of the Bank, which includes the supervision of accounting department staff and the administration of accounting policies and directives. This position will also assist with the development of corporate policies and procedures. The Controller will provide leadership to full cycle accounting activities for both Bank segment, including GL, payroll, AP, fixed assets, leases, stock compensation, account reconciliations, accounting systems control and maintenance, business combination accounting, preparing or reviewing technical memos, and preparation of GAAP financial statements.

RESPONSIBILITIES TO INCLUDE

• Responsible for conducting a SOX-compliant financial close process, including overseeing timely and accurate reconciliations, responsible for month-end task list and sign offs; monitoring journal entries, income recognition, and expense accruals and cutoff; reviewing trend analysis for reporting anomalies, propriety of GL mapping and interfaces, and identifying posting errors and managing a timely resolution; and analyzing cost of funds and net interest margin.

• Compile and/or review monthly financial reports for senior management.

• Oversee the corporate operational accounting team that is responsible for accounts payable, expense reimbursements, fixed assets, estimated tax payments, B&O tax preparation, sales and use tax, daily cash balancing, regulatory reporting like FR2900, FR 2644, FR-Y8, etc.

• Oversee the financial accounting functions that include for lease accounting, tax provision, period-end close entries, investment securities accounting, GL reconciliations, month-end analytical reviews, and Reg W compliance.

• Oversee the Bank’s Allowance for Credit Losses modeling, calculation and controls, collaborating with Credit and Risk teams to ensure appropriate CECL technical documentation and governance including rational for selected models, key assumptions, model changes and overlays, qualitative factors, model validation, and own review of CECL results, ensuring consistency with accounting standards and regulatory expectations.

• Oversee the Accounting Department’s compliance with SOX, strengthening internal controls for accounting policy and documentation and technical accounting conclusions.

• Partner with internal and external auditors to support formal close audit readiness and response to requests, including over CECL, as well as serve as a liaison with regulatory examiners.

• Assist CCBX controller in resolving issues with partners, reconciliations, accounting for new products, loan modification accounting, yield analysis, and review of reports (month-end and/or credit-related, as needed).

• Either create or review recurring accounting memos, including quarterly tax provision, Reg W invoicing between Holdco and Affiliates, new accounting pronouncements, acquisition memos, loan sale or purchase memos, etc.

• Manage CCB and CFC tax provision and deferred taxes.

• Support stock compensation administration and accounting.

• Oversee the Internally Developed Software process, including vendors included in capitalization, working with Product and Development staff on time studies, and timely placing projects in service.

• Assist in annual budget process and assist year-long in the forecasting/budgeting variance review, including evaluation and reclasses as necessary.

• Review Bank and Company SEC and regulatory reporting, as needed, including the Form 10-K, Form 10-Q, and Call Reports and FR-Y9 series.

• Support the SEC Reporting team on complex disclosures, footnotes, and regulatory findings (10-K, 10-Q).

• Management responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; and addressing complaints and resolving problems.

QUALIFICATIONS

• Strong analytical skills necessary to prepare analytics, reporting, and determine trends in a given marketplace.

• Strong technical accounting skills to assess and incorporate new products, accounting pronouncements, and complex accounting concepts.

• Excellent interpersonal, verbal, and written communications skills.

• Ability to resolve complex problems with minimal guidance.

• Ability to manage multiple tasks/projects and deadlines simultaneously.

• Ability to effectively present information and respond to questions from board of directors, senior management, employees and stockholders.

• Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.

• Thorough knowledge of spreadsheet software, banking systems software, word processing software, and ability to learn and utilize new software.

EDUCATION/EXPERIENCE

• Degree from four-year College or university; or equivalent combination of education and experience in accounting.

• A minimum 8–10 years of progressive accounting experience.

• 5 years in leadership within the accounting space

• CPA designation strongly preferred.

• 5+ years of experience in consolidation, technical accounting research, and complex GAAP compliance.

• Previous banking experience in as a Controller or Assistant Controller required.

HOW YOU’LL THRIVE AT COASTAL

• Be the Best – Communicate effectively, pay close attention to detail, and prioritize your personal development.

• Be Relentless – Thrive in a goal-oriented environment exercising both patience and persistence. Advocate for our customers and team members and strive to promote the Coastal Difference.

• Be Un-Bankey – Be a forward thinker with a creative mindset. Build long-lasting relationships promoting the Coastal Difference, built on a foundation of integrity, honesty, and trust.

• Embrace Gray Thinking – Use sound judgment while decision-making and problem-solving. Think outside the box.

• Stay Flexible – Organize and strategize effectively while always being prepared to adapt on the fly. Seek efficiencies for Coastal to work smarter, not harder.

• Take Care of Each Other – Understand what it means to be a true team player and have your teammate's back. Practice self-awareness and build your emotional intelligence.

BEING YOU AT COASTAL

Coastal is an equal opportunity employer. We are committed to providing a workplace free from discrimination and harassment. All employment decisions are based on merit, qualifications, and business needs. We do not discriminate on the basis of race, color, religion, sex, national origin, age, disability, veteran status, or any other protected status under applicable laws.

BENEFITS WE OFFER

We’re proud to offer a comprehensive benefits package designed to support your health, financial well-being, and work-life balance. Our offerings include:

• Medical Coverage: Choose from three competitive medical plans to find the coverage that best fits your needs and lifestyle.

• Health Savings Account (HSA): Available with eligible medical plans, offering tax advantages and employer contributions.

• Flexible Spending Accounts (FSA): Options for healthcare and dependent care expenses to help you save on out-of-pocket costs.

• Dental and Vision Insurance: Plans to keep you and your family smiling and seeing clearly.

• Life Insurance: Company-paid basic life insurance with options to purchase additional coverage for yourself and your dependents.

• Long-Term /Short-Term Disability (LTD): Income protection in the event of a long-term illness or injury.

• Supplemental Benefits: Including Hospital Indemnity, Accident Insurance, and Critical Illness coverage to provide extra financial support when you need it most.

• 401(k) Retirement Plan: A competitive retirement savings plan with company matching to help you plan for the future.

• Paid Time Off: Generous vacation and sick leave policies to support your time away from work.

• Holidays: Enjoy 11 paid holidays throughout the year.

Check out our benefits on our careers site!!

PHYSICAL DEMANDS

The physical demands described below are required to perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee must be able to:

• Sit for extended periods of time.

• Stand for extended periods of time.

• Perform repetitive finger, hand, and arm movement.

• Use electronic office equipment such as a computer keyboard, mouse, ten key, telephone, etc.

• View and read computer screens for extended periods.

• Occasionally stoop, kneel, crouch, or crawl.

• Occasionally lift or move up to 10 pounds.

OTHER DUTIES

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.