Accounting Manager

About This Role  

Midland Federal Savings is a federally chartered mutual savings institution serving the Chicagoland community. We are looking for an Accounting Manager to own the month-end close, accounts payable operations, and general ledger reconciliations. You will report to the VP Controller. 

This is a hands-on role at a regulated financial institution. If you are a Senior Accountant ready to step into a leadership position with direct ownership of the close process, this is your opportunity. 

Responsibilities

Month-End Close 

• Lead the full month-end close cycle, including preparation and posting of all recurring and variable journal entries.
• Prepare prepaid expense amortization schedules. Review new invoices, classify treatment, and maintain the prepaid inventory.
• Prepare investment-related entries and coordinate with the investment custodian and broker for monthly source data.
• Prepare financial statements, trial balance review, and variance analysis.

Accounts Payable

• Own the full AP cycle: invoice receipt, coding, approval routing, entry, and payment processing.
• Manage vendor relationships, W-9 collection, and annual 1099 reporting.
• Review invoice coding against the chart of accounts and ensure proper classification of prepaid vs. operating expenses.
• Process check runs and wire payments. Maintain the AP aging schedule.
• Resolve vendor discrepancies, duplicate payments, and missing documentation

Reconciliations 

• Perform monthly GL reconciliations: bank accounts, investment accounts, accrued interest, prepaid assets, and accrued liabilities.
• Investigate and resolve reconciling items. Maintain organized documentation for audit support.
• Support quarterly CECL documentation and coordinate with external consultants.

Regulatory and Audit Support

• Support quarterly Call Report preparation with accurate GL-to-schedule mapping.
• Prepare workpapers for the annual PCAOB audit and respond to regulatory examination requests.

Qualifications  

Required 

• Bachelor's degree in Accounting, Finance, or related field.
• 3 to 5 years of accounting experience including month-end close, journal entries, and GL reconciliations.
• Strong understanding of U.S. GAAP and accrual-basis accounting.
• Advanced Excel skills: formulas, pivot tables, multi-tab workbook design.
• Detail-oriented with a commitment to accuracy and traceability
• Ability to work independently and manage the close calendar.

Preferred 

• Experience in banking or financial institution accounting.
• Experience with Call Report preparation or investment accounting

What We Offer

• A seat at the table with visibility into regulatory reporting, audit, and executive leadership.
• Opportunity to build and improve accounting systems and controls.
• Competitive salary and benefits pack