Financial Controls Reporting Specialist

Job description

**ABOUT US** Coastal is at the forefront of modern banking, combining strong financial infrastructure with cutting-edge Banking-as-a-Service (BaaS) and fintech enablement strategies. We support not only individuals with their personal banking needs; we also empower businesses by integrating modern banking technology that drives growth, flexibility, and innovation. At Coastal, we think and move like entrepreneurs; focused on impact, speed, and continuous improvement. We believe in working smart, collaborating deeply, and building solutions that unlock real potential. If you're someone who thrives in a fast-moving environment, loves solving complex problems, and wants to help shape the future of banking, we’d love to meet you. Check out our video [here](https://www.youtube.com/watch?v=UCWaDxFnla8&ab_channel=CoastalCommunityBank)! **OVERVIEW** The Partner ICFR Analyst will support Coastal’s Partner Internal Controls over Financial Reporting (ICFR) Program by documenting partner controls relevant to Coastal’s financial reporting requirements and performing targeted alternative control testing when gaps in independent assurance have been identified. You will understand the specific control or control objective associated with an identified gap, develop and execute testing procedures under Coastal’s approved alternative testing methodology, evaluate supporting evidence, document exceptions and preliminary conclusions, and support the Fintech Financial Controls Manager in determining whether the identified gap has been adequately addressed. Coastal’s partner risk function is responsible for evaluating SOC 1 Type 2, SOC 2 Type 2/ITGC, and Complementary User Entity Control (CUEC) coverage for fourth-party providers, while the Internal Control Testing Manager III and Analyst team perform routine transaction testing. This role performs targeted testing of control gaps identified through those processes. ***\*\*\*\*The hiring range for this role is $82,678 to $89,568\*\*\*\*\**** The salary range of $82,678-96,457 is posted for compliance reasons. However, we will not be hiring above $89,568. **RESPONSIBILITIES TO INCLUDE** - Obtain and document partner controls relevant to Coastal’s ICFR requirements and map those controls to Coastal’s Partner ICFR Framework. - Maintain partner ICFR control inventories, alternative control testing documentation, gap tracking, and supporting evidence. - Receive identified control or assurance gaps from Financial Controls, Coastal’s partner risk function, or other responsible teams and determine the specific partner control or control objective requiring targeted testing. - Develop and perform targeted alternative testing procedures consistent with Coastal’s approved methodology and the specific financial reporting risk identified. - Perform targeted testing of identified CUEC gaps; this role does not independently determine CUEC applicability or identify CUEC coverage gaps. - Perform walkthroughs of specific controls subject to testing, as needed, to understand control design and how the control operates in practice. - Obtain and evaluate evidence supporting the design and operating effectiveness of the specific controls being tested, including validating testing populations and sample selections when required. - Prepare testing workpapers documenting the control tested, period and population covered, evidence reviewed, testing attributes, results, exceptions, resolution of exceptions, and preliminary conclusions. - Identify control deficiencies, missing evidence, testing exceptions, or insufficient support encountered during testing and escalate concerns to the Fintech Financial Controls Manager. - Track remediation of testing exceptions and perform follow-up testing as assigned. - Support the Fintech Financial Controls Manager in evaluating whether targeted testing adequately addresses the identified control or assurance gap. - Coordinate with Coastal’s Partner Risk and Internal Control testing team when SOC, ITGC, CUEC, transaction, or account-level testing matters require additional assessment or support. - Communicate testing status, exceptions, remediation progress, and potential financial reporting impacts to the Fintech Financial Controls Manager and assist with management and audit reporting as requested. **QUALIFICATIONS** - Strong understanding of internal controls over financial reporting and control testing concepts. - Working knowledge of SOX, ICFR, and the COSO framework. - Working knowledge of SOC 1 and SOC 2 reports, Complementary User Entity Controls (CUECs), IT General Controls (ITGCs), and business process controls sufficient to understand and test identified assurance gaps. - Ability to translate an identified control or assurance gap into practical, risk-based testing procedures. - Experience performing internal control testing, including evidence evaluation, sample-based testing where applicable, exception analysis, and workpaper documentation. - Ability to distinguish between missing controls, missing evidence, missing testing, and missing audit coverage. - Strong analytical skills with the ability to evaluate evidence, identify control issues, assess potential financial reporting impact, and develop supportable preliminary conclusions. - Strong written and verbal communication skills with the ability to work effectively with BaaS/Fintech partners, Financial Controls, Risk, testing teams, management, and auditors. - Ability to independently manage multiple partner control assessments and testing assignments within established timelines. - Strong attention to detail and proficiency with Microsoft Excel, Word, Outlook, and other tools used to document and perform control testing. **DESIRED EDUCATION/EXPERIENCE** - Bachelor’s Degree and/or equivalent combination of education and relevant experience. - 5+ years of relevant experience in Internal Controls, SOX/ICFR, Internal Audit, public accounting, financial controls, risk management, or related control testing functions. - Experience performing business process control testing, alternative control procedures, or other risk-based internal control testing preferred. - Experience working with SOC reports, CUEC assessments, or ITGC audit results as inputs to internal control testing preferred. - Fintech, Banking as a Service, financial services, or banking experience preferred. - Working knowledge of GAAP and financial reporting concepts preferred. **HOW YOU’LL THRIVE AT COASTAL** - **Be the Best** – Communicate effectively, pay close attention to detail, and prioritize your personal development. - **Be Relentless** – Thrive in a goal-oriented environment exercising both patience and persistence. Advocate for our customers and team members and strive to promote the Coastal Difference. - **Be Un-Bankey** – Be a forward thinker with a creative mindset. Build long-lasting relationships promoting the Coastal Difference, built on a foundation of integrity, honesty, and trust. - **Embrace Gray Thinking** – Use sound judgment while decision-making and problem-solving**.** Think outside the box. - **Stay Flexible** – Organize and strategize effectively while always being prepared to adapt on the fly**.** Seek efficiencies for Coastal to work smarter, not harder. - **Take Care of Each Other** – Understand what it means to be a true team player and have your teammate's back.Practice self-awareness and build your emotional intelligence. **BEING YOU AT COASTAL** Coastal is an equal opportunity employer. We are committed to providing a workplace free from discrimination and harassment. All employment decisions are based on merit, qualifications, and business needs. We do not discriminate on the basis of race, color, religion, sex, national origin, age, disability, veteran status, or any other protected status under applicable laws. **BENEFITS WE OFFER** We’re proud to offer a comprehensive benefits package designed to support your health, financial well-being, and work-life balance. Our offerings include: - **Medical Coverage**: Choose from three competitive medical plans to find the coverage that best fits your needs and lifestyle. - **Health Savings Account (HSA)**: Available with eligible medical plans, offering tax advantages and employer contributions. - **Flexible Spending Accounts (FSA)**: Options for healthcare and dependent care expenses to help you save on out-of-pocket costs. - **Dental and Vision Insurance**: Plans to keep you and your family smiling and seeing clearly. - **Life Insurance**: Company-paid basic life insurance with options to purchase additional coverage for yourself and your dependents. - **Long-Term /Short-Term Disability (LTD)**: Income protection in the event of a long-term illness or injury. - **Supplemental Benefits**: Including Hospital Indemnity, Accident Insurance, and Critical Illness coverage to provide extra financial support when you need it most. - **401(k) Retirement Plan**: A competitive retirement savings plan with company matching to help you plan for the future. - **Paid Time Off**: Generous vacation and sick leave policies to support your time away from work. - **Holidays**: Enjoy 11 paid holidays throughout the year. Check out our benefits on our [careers site](https://jobs.ashbyhq.com/coastal)!! **PHYSICAL DEMANDS** The physical demands described below are required to perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee must be able to: - Sit for extended periods of time. - Stand for extended periods of time. - Perform repetitive finger, hand, and arm movement. - Use electronic office equipment such as a computer keyboard, mouse, ten key, telephone, etc. - View and read computer screens for extended periods. - Occasionally stoop, kneel, crouch, or crawl. - Occasionally lift or move up to 10 pounds. **OTHER DUTIES** Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.