Overview
Position Title: Director, Financial Reporting and Accounting
Locations: Effingham, IL
Time Type: Full time
Req ID: JR1149-Effingham_IL
Midland States Bank is proud to be a little different. We focus on meeting every customer's needs with bright solutions and a heartfelt, personalized approach. For more than 140 years, we have learned by serving customers skillfully with dedication and follow-through, driving our collective success beyond traditional banking. We foster programs that empower communities, invest in our employees, and pursue brighter futures for all. We innovate and optimize our services to stay unique, providing strength you can count on with heart you can feel. We might say we’re unlike any other bank, and you’d be right.
At Midland States Bank, base salary is one component of our Total Rewards program. Exact compensation is determined by factors such as education, skills, internal equity, and experience. This position offers additional compensation in the form of short-term incentives (bonus and/or commission) and may include long-term incentives (stock awards). Benefits include comprehensive healthcare, well-being benefits, paid family leave, generous paid time off, banking perks, an Employee Stock Purchase Plan, a 401K plan with company match, and may include participation in our Non-Qualified Deferred Compensation plan. Incentives and benefits are subject to eligibility requirements.
Salary Range: $125,000-$190,000 annually
Position Summary This position is a key member of the accounting team and the finance group as a whole. The Director of Financial Reporting & Accounting provides oversight and management of internal and external reporting, analyzes and implements new accounting policies and standards as required, monitors and updates existing accounting policies as the Company’s business changes, and oversees accounting operations functions.
Primary Accountabilities People
Manages a team of professionals in a customer-centric culture to excel in a fast-paced environment.
Coaches, develops, and conducts performance management activities with direct and indirect reports.
Identifies high-potential employees for advanced training and development opportunities.
Effectively manages poor performers.
Job Specific
Supports the Chief Accounting Officer in managing external financial reporting, including preparation and review of the annual report, quarterly earnings releases, bank regulatory reports, and legal entity regulatory financial reports.
Prepares initial drafts of financial statements to be included in Form 10-Qs and Form 10-K, including footnotes and MD&A.
Administers and supervises the annual and quarterly preparation process conducted by other accounting personnel.
Supports the finance team in the review of footnote documentation and MD&A information.
Performs a detailed review of the quarterly call report and Federal Reserve reports.
Supports the finance team in the preparation of monthly and quarterly financial reporting packages for management, the audit committee, and the board of directors.
Addresses inquiries from internal and external auditors, providing documentation that supports their needs.
Plans, organizes and coordinates all activities of the general accounting function for the Corporation to ensure accurate and timely recording of accounting entries.
Administers and supervises the month-end close process.
Is responsible for ensuring the accuracy and adequacy of internal control documentation required for enterprise risk management.
Maintains a process to ensure that all balance sheet and internal DDA accounts are reconciled on a periodic basis.
Is responsible for completing annual goodwill and intangible asset impairment assessments.
Stays current with new accounting and financial reporting guidance issued by the FASB, SEC and IASB when applicable.
Other
The role requires occasional travel for training and team meetings, and willingness to travel periodically to locations within market as needed.
May require work in a Midland office to ensure collaboration and support of internal and external customers.
Maintain compliance with all applicable regulations including, but not limited to, the Bank Secrecy Act (BSA).
Other duties as assigned.
Position Qualifications Education/Experience:
Bachelor's degree in accounting.
10+ years of experience with a financial services, multi-company organization.
CPA preferred.
Over seven years of significant bank accounting experience, including SEC reporting/public company experience.
Working knowledge of GAAP accounting issues as they relate to the banking industry.
Excellent oral, written, and interpersonal communication skills with the ability to instruct others, interpret documents, and write reports and correspondence.
Excellent organizational and time management skills.
Ability to deal with complex problems involving multiple facets and variables in non-standardized situations.
Competencies:
Business insight
Cultivates innovation
Drives results
Makes sound decisions
Being a brand champion
Collaborates
Communicates effectively
Customer focus
Being authentic
Emotional Intelligence
Self development
Being flexible and adaptable
At Midland States Bank, we believe that bringing our whole selves to work makes us happier, more comfortable, more confident, and more excited to do great things for our customers, each other, and our company. We are an Equal Opportunity and Affirmative Action employer, and recruit, employ, train, compensate and promote without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status. If you are looking for a place to grow, you belong here.
If you require reasonable accommodation in completing this application, interviewing, completing any pre-employment testing, or otherwise participating in the employee selection process, please direct your inquiries to Midland States Bank Human Resources at HR@midlandsb.com.
Midland States Bank may use automated tools and artificial intelligence (AI) to assist with recruiting, screening, and hiring decisions. In accordance with the Illinois Human Rights Act (effective January 1, 2026), these tools are designed and monitored to be neutral and job-related, and must not be used in a way that discriminates against applicants or employees based on any protected characteristic.
THIS JOB DESCRIPTION DOES NOT CONSTITUTE A CONTRACT FOR EMPLOYMENT
PI281536400
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Locations: Effingham, IL
Time Type: Full time
Req ID: JR1149-Effingham_IL
Midland States Bank is proud to be a little different. We focus on meeting every customer's needs with bright solutions and a heartfelt, personalized approach. For more than 140 years, we have learned by serving customers skillfully with dedication and follow-through, driving our collective success beyond traditional banking. We foster programs that empower communities, invest in our employees, and pursue brighter futures for all. We innovate and optimize our services to stay unique, providing strength you can count on with heart you can feel. We might say we’re unlike any other bank, and you’d be right.
At Midland States Bank, base salary is one component of our Total Rewards program. Exact compensation is determined by factors such as education, skills, internal equity, and experience. This position offers additional compensation in the form of short-term incentives (bonus and/or commission) and may include long-term incentives (stock awards). Benefits include comprehensive healthcare, well-being benefits, paid family leave, generous paid time off, banking perks, an Employee Stock Purchase Plan, a 401K plan with company match, and may include participation in our Non-Qualified Deferred Compensation plan. Incentives and benefits are subject to eligibility requirements.
Salary Range: $125,000-$190,000 annually
Position Summary This position is a key member of the accounting team and the finance group as a whole. The Director of Financial Reporting & Accounting provides oversight and management of internal and external reporting, analyzes and implements new accounting policies and standards as required, monitors and updates existing accounting policies as the Company’s business changes, and oversees accounting operations functions.
Primary Accountabilities People
Manages a team of professionals in a customer-centric culture to excel in a fast-paced environment.
Coaches, develops, and conducts performance management activities with direct and indirect reports.
Identifies high-potential employees for advanced training and development opportunities.
Effectively manages poor performers.
Job Specific
Supports the Chief Accounting Officer in managing external financial reporting, including preparation and review of the annual report, quarterly earnings releases, bank regulatory reports, and legal entity regulatory financial reports.
Prepares initial drafts of financial statements to be included in Form 10-Qs and Form 10-K, including footnotes and MD&A.
Administers and supervises the annual and quarterly preparation process conducted by other accounting personnel.
Supports the finance team in the review of footnote documentation and MD&A information.
Performs a detailed review of the quarterly call report and Federal Reserve reports.
Supports the finance team in the preparation of monthly and quarterly financial reporting packages for management, the audit committee, and the board of directors.
Addresses inquiries from internal and external auditors, providing documentation that supports their needs.
Plans, organizes and coordinates all activities of the general accounting function for the Corporation to ensure accurate and timely recording of accounting entries.
Administers and supervises the month-end close process.
Is responsible for ensuring the accuracy and adequacy of internal control documentation required for enterprise risk management.
Maintains a process to ensure that all balance sheet and internal DDA accounts are reconciled on a periodic basis.
Is responsible for completing annual goodwill and intangible asset impairment assessments.
Stays current with new accounting and financial reporting guidance issued by the FASB, SEC and IASB when applicable.
Other
The role requires occasional travel for training and team meetings, and willingness to travel periodically to locations within market as needed.
May require work in a Midland office to ensure collaboration and support of internal and external customers.
Maintain compliance with all applicable regulations including, but not limited to, the Bank Secrecy Act (BSA).
Other duties as assigned.
Position Qualifications Education/Experience:
Bachelor's degree in accounting.
10+ years of experience with a financial services, multi-company organization.
CPA preferred.
Over seven years of significant bank accounting experience, including SEC reporting/public company experience.
Working knowledge of GAAP accounting issues as they relate to the banking industry.
Excellent oral, written, and interpersonal communication skills with the ability to instruct others, interpret documents, and write reports and correspondence.
Excellent organizational and time management skills.
Ability to deal with complex problems involving multiple facets and variables in non-standardized situations.
Competencies:
Business insight
Cultivates innovation
Drives results
Makes sound decisions
Being a brand champion
Collaborates
Communicates effectively
Customer focus
Being authentic
Emotional Intelligence
Self development
Being flexible and adaptable
At Midland States Bank, we believe that bringing our whole selves to work makes us happier, more comfortable, more confident, and more excited to do great things for our customers, each other, and our company. We are an Equal Opportunity and Affirmative Action employer, and recruit, employ, train, compensate and promote without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status. If you are looking for a place to grow, you belong here.
If you require reasonable accommodation in completing this application, interviewing, completing any pre-employment testing, or otherwise participating in the employee selection process, please direct your inquiries to Midland States Bank Human Resources at HR@midlandsb.com.
Midland States Bank may use automated tools and artificial intelligence (AI) to assist with recruiting, screening, and hiring decisions. In accordance with the Illinois Human Rights Act (effective January 1, 2026), these tools are designed and monitored to be neutral and job-related, and must not be used in a way that discriminates against applicants or employees based on any protected characteristic.
THIS JOB DESCRIPTION DOES NOT CONSTITUTE A CONTRACT FOR EMPLOYMENT
PI281536400
#J-18808-Ljbffr