SVP, Chief Accounting Officer

Capital Bank N.A. is headquartered in Maryland and has been serving our communities since 1999. We stand as a publicly traded company (NASDAQ: CBNK) with over $3 billion in assets. We offer commercial and consumer banking services to clients primarily in Maryland, DC, and Northern Virginia, alongside two nation‑wide lending brands:
Capital Bank Home Loans and Open Sky, a credit card division that offers and services credit cards across all states. Our personalized approach to banking, paired with cutting‑edge technology solutions and a comprehensive suite of products and services, fuels our growth, and enables us to support our customers at every stage in their financial journey.

The Chief Accounting Officer leads the accounting function including general ledger accounting, financial reporting and budgeting. The role partners with the CFO and the Controller to support the organization’s complete accounting needs and coordinates with the Executive Management Team. The role manages change to create efficiency and best practice and drive continuous improvement in the department. The role has accountability to ensure complete/accurate financial, statistical, and accounting records of the Bank and all affiliates as well as formulating and executing on accounting policies, objectives and programs.

This is an in‑office position at the Bank’s Rockville headquarters.

• Leads and manages the accounting team to ensure accurate and timely financial reporting and compliance.
• Leads all aspects of accounting functions including month‑end close, quarter‑end close, including the annual audit process to ensure that financial information is accurate and timely.
• Coordination with the CFO on the preparation of all required SEC filings.
• Ensures a high‑quality corporate governance environment related to accounting and the maintenance of appropriate checks and balances within the accounting functions.
• In partnership with the CFO, serves as the technical accounting decision‑maker for the Bank.
• Manages the accounting budget – establishing the right mix of internal and outside spend and demonstrating innovation in how finance services are delivered.
• Manages the agreed‑upon control structure that complies with SOX.
• Builds efficiencies into all aspects of the accounting team’s functions including how these link to all broader Bank systems that feed financial information and coordination with other departments of the Bank that provide information that impact financial reporting.
• Shortens the close processes, closes financials quarterly and ensures the Bank is in a position to comply with regulatory and SEC rules and laws.
• Ensures compliance with all GAAP and other applicable rules, laws and financial regulations as well as tax compliance.
• Champions and rolls out system enhancements (including AI) and ensures the team is fully functioning as efficiently as possible.
• Provides strategic insights and recommendations to drive financial performance.
• Develops and implements financial procedures, policies, and controls, reporting, and maintenance of corporate accounting and financial records.
• Owns preparation, accuracy and timely filing of all regulatory reports (call report, Y‑9C, FFIEC schedules) and ensures alignment to GAAP and regulatory capital rules.
• Partners closely with the Credit organization to ensure the ACL/CL methodology is robust and well‑documented, including model selection, qualitative factor evaluation and scenario assumptions.
• Partners with IT and Risk to ensure system architecture clearly maps to accounting workflows.
• Works with Treasury and ALCO to ensure securities portfolio accounting is properly recorded, documented and disclosed.
• Leads purchase accounting for acquisitions and portfolio purchases, ensuring accurate valuation of acquired assets and assumed liabilities, fair value marks and related Day 2 accounting.
• Works with risk to oversee enterprise‑wide controls mapping, ensuring accounting control dependencies are reflected in ERM frameworks.
• Responsible for maintaining a complete set of accounting policy manuals, including annual updates, training and board/audit committee…