Accounting & Financial Reporting Manager

VersaBank is a North American bank, federally chartered in Canada and the United States through its wholly owned subsidiary, VersaBank USA National Association.

Operating with a branchless, business-to-business model, VersaBank uses proprietary, leading-edge technology to address underserved segments of the financial industry with exceptional efficiency and a strong focus on risk mitigation.

VersaBank obtains the majority of its deposits and conducts most of its lending electronically through financial intermediary partners.

This model provides significant operating leverage, enabling exceptional efficiency and returns on common equity.

In 2024, VersaBank launched its Structured Receivable Program funding solution for point-of-sale finance companies, which has been highly successful in Canada for over 15 years, to the US market, bringing an innovative funding solution to this sector.

VersaBank's common shares trade on Nasdaq and the Toronto Stock Exchange under the symbol VBNK.

For more information on VersaBank, please visit our website at www.versabank.com .

We are looking for an Accounting & Financial Reporting Manager to join our team.

In this role, you will be responsible for the US GAAP accounting and consolidated financial reporting function of VersaBank while ensuring compliance with US GAAP, SEC reporting requirements, applicable banking regulations, and internal control standards.

You will work in direct partnership with management, regulators, and external auditors.

In addition, you will champion continuous improvement by leveraging technology, automation and process enhancements to improve efficiency, strengthen internal controls, and enhance the efficiency of financial reporting without sacrificing accuracy.

Primary responsibilities include:

• Lead preparation and review of monthly, quarterly, and annual consolidated financial statements (SEC and other Regulators) including disclosures.
• Lead preparation of the Consolidated US GAAP Statement of Cash Flows.
• Review journal entries, balance sheet reconciliations and supporting schedules prepared by accounting staff.
• Develop, maintain and document US GAAP accounting policies and accounting position papers.
• Coordinate with external auditors and regulators and serve as the primary US GAAP accounting contact during audits and examinations.