MIDLAND FEDERAL SAVINGS AND LOAN ASSOCIATIONVerified Source

Assistant Controller Midland Federal Savings and Loan Association

70K–85K
Onsite · Chicago, Illinois
Posted August 12, 2026
payroll

Overview

The Assistant Controller will support the Controller across accounting reporting and regulatory functions at a community bank. This hands‑on role involves loan accounting general ledger reconciliation liquidity risk reporting investment accounting audit support and management reporting. It is ideal for a seasoned community bank professional who thrives in a collaborative environment.

What You'll Do15

  • 1Record revenue recognition for each mortgage loan including gain on sale fees and related items in line with policy
  • 2Reconcile loan level funding worksheets to the general ledger each month loan by loan
  • 3Research and resolve discrepancies escalating non standard transactions to the Controller before booking
  • 4Prepare assigned general ledger account reconciliations and supporting schedules
  • 5Maintain fixed asset schedules including additions disposals and depreciation
  • 6Prepare recurring close entries and supporting documentation for Controller review
  • 7Investigate and clear reconciling items on a timely basis
  • 8Prepare monthly and quarterly ALCO reporting including liquidity analysis stress testing capital risk trends and variance reporting
  • 9Monitor daily liquidity and cash position reporting funding needs
  • 10Prepare interest rate risk modeling and reports serving as primary contact for third party ALM model provider
  • 11Coordinate documentation for internal audits external financial statement audits and regulatory examinations
  • 12Prepare requested schedules and workpapers tracking open items through resolution
  • 13Assist with updates to accounting and finance policies and procedures
  • 14Contribute to budget forecasting and management reporting preparing variance and trend analysis for management
  • 15Prepare recurring reporting packages for management ALCO and the Board of Directors

Requirements7

  • 15+ years building ETL pipelines with Spark and Airflow
  • 210 or more years in a community bank finance accounting or treasury function
  • 3Hands-on experience with general ledger reconciliation investment accounting and fixed assets
  • 4Experience preparing ALCO and board level reporting including liquidity and interest rate risk analysis
  • 5Loan operations or loan servicing background preferred
  • 6Bachelor's degree in accounting finance or related field
  • 7Advanced degree or professional certification a plus

Salary Insight

$70 - $85k per year

Location

Typeonsite
LocationChicago, Illinois

Required Skills

Mortgage Loan AccountingRevenue RecognitionGeneral Ledger ReconciliationFixed Asset AccountingALCO ReportingLiquidity AnalysisInterest Rate Risk ModelingInvestment Portfolio AccountingAudit SupportRegulatory Examination SupportBudgetingForecastingManagement Reporting
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