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Accounting Policy & Reporting Compliance Officer

About Us


Are you someone who seeks opportunity and has a true desire to grow your career with an organization that has enriched the lives of its clients and communities in the Greater Washington region for more than 150 years? If so, Sandy Spring Bank may be the perfect fit for you!


Sandy Spring Bank is a growing financial services company focused on creating real experiences for our employees, clients, shareholders and communities. We are proud to have been certified as A Great Place To Work®, recognized by The Washington Post and the Baltimore Sun as a Top Workplace, by Forbes magazine as the #1 Bank in Maryland, as well as by American Banker as a Best Bank to Work For. It is our employees who play an integral role in shaping who we are as a company and upholding what matters most to us: people and relationships.


To help us attract the highest quality individuals, we offer a comprehensive benefits package to those who qualify. We offer competitive market salaries, paid time off, multiple retirement savings options, full health care options, life insurance, health care and dependent care flexible spending accounts, career development opportunities, tuition assistance and volunteer opportunities. We are proud to offer those, and so much more, making Sandy Spring Bank a remarkable place to work and build a career.


About The Job

Sandy Spring Bank is currently recruiting for an Accounting Policy and Reporting Compliance Officer in the Finance Department.  If you are the chosen candidate, you will be responsible for external financial reporting (both annual and quarterly) to the Securities and Exchange Commission (SEC). Primarily responsible for developing accounting and reporting practices and policies under Generally Accepted Accounting Principles, FFIEC and SEC guidelines at the corporate and the subsidiary levels of the Bancorp.  Responsible for monitoring, developing and implementation of new accounting pronouncements as well as applicable software tools.  Consults with senior/executive managers throughout the company on an as needed basis to answer complex accounting questions and provide related guidance and interpretation with respect to new and existing accounting principles. Is actively engaged with the due diligence team during acquisitions of other companies. Reports directly to Accounting Policy and Reporting Compliance Manager.



Areas of focus:

1.     External Reporting

Manages the annual, quarterly, and current reporting to the SEC on forms 10K, 10Q, and 8K utilizing Workiva/WDesk reporting tool.  Responsible for the coordination and preparation of the quarterly earnings press release.  Reviews and provides financial data for any registration statements and supplemental disclosures.  Manages external reporting to ensure an organized and timely process using the most efficient means.  Determines the disclosure requirements for all regulatory filings and compiles the data to satisfy those requirements.  Prepares management’s discussion and analysis of operations and financial condition. Coordinates the preparation of the financial statements, notes and tabular information.  Manages collection of required data from company personnel and from sources outside as necessary.  Is responsible for maximizing the utility of the internal financial reporting system and the integration with the reporting software currently in use by the Company.  Quarterly, conducts review of industry external regulatory filings to determine best disclosure practices and incorporates them into the Company’s external regulatory filings. Manages the review and approval of reports by the company’s executive management, independent auditors, and outside legal counsel.  Responsible for understanding, review and oversight of XBRL process.

2.     Accounting Policies and Practices

Remains current on positions of the SEC, FASB, AICPA, PCAOB and other industry organizations affecting banks and public companies.  Provides critical accounting support in areas of complex accounting application such as the Allowance for credit losses (expected credit losses), derivatives, goodwill impairment, mortgage banking, stock based compensation, earnings per share (dual class method), FDIC accrual assessment and leases.  Functions as a primary contact with the Company’s independent auditors.

3.     Corporate Accounting Policy

Primarily responsible for developing and maintaining the appropriate corporate accounting policies under GAAP and SEC rules and regulations and determining the compliance with that authoritative guidance.  Interprets new accounting pronouncements and regulations and implements such as necessary.  Consults with the management functions of each company and subsidiary regarding the proper operational accounting processes and controls. Conducts research in highly technical accounting areas. Completes written analysis with well supported conclusions.

4.     Acquisitions

Serves as a member of acquisition due diligence team. Co-leads fair value assessment of acquired assets and assumed liabilities. Conducts review of assumptions used to determine fair value adjustments. Completes a documentation to support management’s conclusions on adequacy of the assumptions used in the fair value analysis. Is primary point of contact for the Company’s external audit team as well as internal audit team. Works directly with the accounting operations team to support the calculation of goodwill and recording of acquisition date journal entries in the general ledger.

5.     Sarbanes Oxley Compliance

Works closely with the Controller, Accounting Manager and Internal Auditor to insure the effectiveness of the design and operation of the Company’s disclosure controls and procedures to adequately support the Company’s internal control over financial reporting as required by the Sarbanes–Oxley Act.

6.     Internal Financial Reporting

Supports monthly closing process by participating in the Allowance for credit losses committee and providing information on earnings per share using a two class method, share dilution, stock based compensation, mortgage banking accounting, OREO accounting and other highly technical areas.  Participates as part of the review process of the periodic internal reporting.  Assist in the design of reporting and controls over the reporting function.

7.     Investor Relations Support

Utilizing information from public and SEC reporting as well as other sources, works closely with the CFO and Corporate Strategist to update the financial data included in presentations for the investor relations process on a continuing basis.

8.     Company Wide Projects

Provides accounting support and advice on critical company wide projects, particularly bank and non-bank acquisitions which require a “big picture” point of view and in-depth prior experience.  Other examples are stock offerings, subordinated debt issuance, stock based compensation, troubled debt restructurings, mortgage banking topics and ALLL/CECL support.  Also provides support to other departments and subsidiary companies on a routine basis on complex accounting issues and modelling whenever requested.


Required Skills:

·       Position requires a master’s degree or Certified Public Accountant certification with 5 to 8 years of experience in the financial services industry.  Knowledge of SEC and GAAP standards necessary. Previous experience in public accounting or banking is preferable. Experience with preparation and/or audit of SEC regulatory filings (i.e. Form 10-Q; Form 10-K, Form 8-K, etc.) is a must.

·       Experience with implementation and/or application of ASC 326 (Financial Instruments – Credit Losses) and ASC 842 (Leases) is preferable. Understanding of derivatives and hedge accounting would be a plus. Experience with acquisition and the related fair value accounting would be a plus.

·       Intermediate to advanced aptitude and skill in computer systems is critical.  Work experience with Microsoft Office applications (Word, Excel, PowerPoint) and complex programs including knowledge of system interfaces for data management required.  Exposure to XBRL and its reporting requirements is preferable. Exposure to accounting software such as Abrigo (CECL), Leasequery (Leases) and Workiva/WDesk (regulatory reporting) is preferable.

·       Advanced problem solving and research skills are required in order to determine solutions to problems that are technically complex and require collection, interpretation, and analysis of data from diverse sources as well as research in finance and accounting literature.

·       Internal and external contacts are necessary with other banks and consultants within the industry. 

·       Ability to complete technical accounting writing and to read and comprehend print communication is necessary. Ability to conduct an accounting research on complex accounting topics is required.

·       Ability to present ideas and concepts to focused audiences (including executive management/ Audit Committee/ external audit team).

·       Ability to understand process and applicable internal controls, structures and design.

·       Ability to design financial modeling for proposed and implemented transactions and financial instruments.

·       Excellent time management, organizational and planning skills.



Sandy Spring Bank is an Equal Opportunity Employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability status, protected veteran status, or any other characteristic protected by law. We maintain a drug-free workplace environment.


Sandy Spring Bank requires COVID-19 vaccination(s) as a condition of employment for all employees.  Submission of Covid-19 Vaccination Card is required if hired.  Accommodations may be available for those who are unable to be vaccinated for medical or religious reasons.


If you require a reasonable accommodation to apply for a position, please call our job line at 1-800-399-5919 and select option 5. Requests are considered on a case-by-case basis.