Accounting & Financial Reporting Analyst

Job Description

Job Description

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 

We are looking for an Accounting & Financial Reporting Analyst to join our team. In this role, you will support 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 will work closely with management, regulators, external auditors, and other members of the team to prepare accurate and timely financial information. You will also contribute to continuous improvement initiatives by leveraging technology, automation, and process enhancements to improve efficiency, strengthen internal controls, and enhance the quality and timeliness of financial reporting.

Primary responsibilities include:

• Prepare inputs into the monthly, quarterly, and annual consolidated financial statements and related disclosures for SEC and regulatory reporting.
• Prepare journal entries, account reconciliations, supporting schedules, and other accounting analyses.
• Assist with the implementation of US GAAP accounting policies.
• Support internal and external audits and regulatory examinations by preparing requested documentation and responding to information requests.
• Assist with the development, documentation, and maintenance of SOX 404 internal controls over financial reporting.
• Utilize Sage ERP and other reporting tools to prepare financial reports, validate accounting data, and improve reporting capabilities.
• Analyze financial data and investigate variances, trends, and unusual transactions to ensure accuracy and completeness of financial reporting.
• Identify opportunities for process improvements, automation, and standardization that enhance efficiency while maintaining strong governance and compliance standards.
• Assist with accounting, financial reporting, regulatory reporting, and other special projects as assigned.

What we look for:

• Bachelor's degree in Accounting, Finance, or related field.
• CPA designation or progress toward CPA certification preferred.
• 3–6 years of accounting or financial reporting experience, preferably with a financial institution, public accounting firm, or publicly traded company.
• Experience preparing or supporting US GAAP financial statements and related disclosures preferred.
• Experience preparing Statements of Cash Flows preferred.
• Experience supporting bank or bank holding company reporting preferred.
• Advanced Microsoft skills.
• Strong analytical, organizational, and problem-solving skills.
• Strong written and verbal communication skills.
• Ability to manage multiple priorities while maintaining exceptional attention to detail.
• Ability to work independently and collaboratively in a deadline-driven environment.

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

Location

This position will be based at VersaBank’s Minneapolis, Minnesota office location.

Benefits

We offer excellent career advancement opportunities, an informal, positive work environment, and a very competitive compensation package including medical, vision and dental coverage, and life, AD&D and disability insurance. VersaBank USA employees also enjoy participation in a 401(k) plan, and time off policies as well as annual incentive awards.

EEO Statement

VersaBank USA is an equal opportunity employer committed to diversity, equity, and inclusion. We believe that we grow as we actively search for new ideas and welcome different perspectives. We also recognize that the best way we can serve our diverse communities is to have those communities represented in our workforce. VersaBank USA doesn't discriminate against, nor tolerate harassment by any person, including co-workers, supervisors, or third parties, based on any Protected Characteristics. Creating an inclusive and professional environment where employees feel comfortable, safe, and free from inappropriate and disrespectful conduct allows our employees to flourish and effectively collaborate.

Disclaimer

Applicants may be subject to a background check. Employees in this position must be able to satisfactorily perform the essential functions of the position. If requested, VersaBank USA will make every effort to provide reasonable accommodations to enable employees with disabilities to perform the position’s essential job duties. As markets change and the Bank grows, job descriptions may change over time as requirements and employee skill levels evolve. With this understanding, the Bank retains the right to change or assign other duties to this Operations & Administrative Coordinator position.

Application Deadline

VersaBank USA accepts applications on a rolling basis. Even if your qualifications don’t match our criteria exactly, we welcome you to apply if you have an interest and feel you would be able to succeed in this position. We have found that people with a diversity of backgrounds and variety of experiences in our workforce creates a more rewarding, dynamic, and effective work life.