Bank Controller - Square Financial Services

  • Holladay, UT, United States
  • Employees can work remotely
  • Full-time
  • Alternate Location: New York, United States

Company Description

Block is one company built from many blocks, all united by the same purpose of economic empowerment. The blocks that form our foundational teams — People, Finance, Counsel, Hardware, Information Security, Platform Infrastructure Engineering, and more — provide support and guidance at the corporate level. They work across business groups and around the globe, spanning time zones and disciplines to develop inclusive People policies, forecast finances, give legal counsel, safeguard systems, nurture new initiatives, and more. Every challenge creates possibilities, and we need different perspectives to see them all. Bring yours to Block.

Job Description

Square Financial Services, Inc. (the "Bank" or "SFS") was approved for an industrial bank charter by the Utah Department of Financial Services ("UDFI") and deposit insurance from the Federal Deposit Insurance Corporation ("FDIC") in March 2020. The Bank opened in March 2021 as a Utah corporation and has since been delivering on Block's mission of economic empowerment by helping small business owners and underserved communities across the United States.

SFS has launched a search for a Bank Controller ("Controller"), reporting to the CFO of Square Financial Services. You will manage the accounting and control activities and financial reporting to the Bank's Board of Directors, parent company, bank regulators and to external constituents. You will report directly to the CFO and will lead the Bank's growing accounting team and aid in the career development of the staff through coaching and by providing feedback. You will also provide operational and technical accounting expertise to ensure compliance with GAAP, company policies, rules, bank regulation and laws.

This position can sit in any Block office or be full-time remote from any US state with the exception of Alaska. 

You Will:

  • Establish a well documented (auditable) financial accounting and reporting framework to ensure compliance with US GAAP and Regulatory Reporting Requirements.
  • Develop standard operating processes for the financial close process, including procedures for manual journal entries, reconciliations, controls and other important financial activities.
  • Design, deploy and maintain a financial control environment including proper documentation with a focus on Bank specific accounting and reporting controls and Sarbanes-Oxley ("SOX") controls.
  • Prepare standalone financial statements and disclosures for the Bank legal entity, compliant with US GAAP and statutory reporting requirements.
  • Oversee the preparation of the Bank's Call Report and other required regulatory filings in compliance with Federal Financial Institutions Examination Council's ("FFIEC") statutory requirements.
  • Support corporate accounting teams by preparing financial schedules and footnote disclosures about the Bank for the consolidated Block, Inc. U.S. Securities and Exchange Commission ("SEC") reporting and disclosure filings.
  • Oversee the research and implementation of technical accounting and reporting requirements for all products and features.
  • Review and monitor key account reconciliations and reconciliations procedures.
  • Assist us with compliance issues related to banking regulations (Regulation W, Sections 23A & 23B)
  • Help plan, budgeting and studying bank financial results that impact all business decisions.
  • Partner with cross functional teams and partners (i.e. Bank Treasury, Corporate Finance and Strategy, Operations, Data Science, Capital Markets, etc.).
  • Collaborate with product managers and engineering teams to establish automated subledger accounting rules and to design necessary system reporting.
  • Manage deliverables and audit and exam requests from internal and external auditing functions and work with auditors and bank regulatory examiners.
  • Recruit and lead a team of accounting professionals in the day-to-day execution of accounting policies and controls.


You Have:

  • Bachelor's degree in Finance, Accounting, Economics, or related; MBA or CPA preferred.
  • 12 or more years of progressive accounting experience in financial services or a related industry.
  • Detailed understanding and implementation of a control environment including SOX controls experience.
  • Experience preparing financial statements and related disclosures.
  • Experience with BlackLine and Oracle Financials or similar ERP.
  • Public Accounting experience.
  • Public company SEC reporting experience.
  • Technical accounting knowledge and public company best practices.
  • Bank start-up experience.
  • FFIEC regulatory reporting preparation experience.
  • Direct experience with bank regulatory examiners.

Additional Information

We’re working to build a more inclusive economy where our customers have equal access to opportunity, and we strive to live by these same values in building our workplace. Block is a proud equal opportunity employer. We work hard to evaluate all employees and job applicants consistently, without regard to race, color, religion, gender, national origin, age, disability, pregnancy, gender expression or identity, sexual orientation, citizenship, or any other legally protected class. 

We believe in being fair, and are committed to an inclusive interview experience, including providing reasonable accommodations to disabled applicants throughout the recruitment process. We encourage applicants to share any needed accommodations with their recruiter, who will treat these requests as confidentially as possible. Want to learn more about what we’re doing to build a workplace that is fair and square? Check out our I+D page

Additionally, we consider qualified applicants with criminal histories for employment on our team, and always assess candidates on an individualized basis.


We want you to be well and thrive. Our global benefits package includes:

  • Healthcare coverage
  • Retirement Plans
  • Employee Stock Purchase Program
  • Wellness perks
  • Paid parental leave
  • Paid time off
  • Learning and Development resources

Block, Inc. (NYSE: SQ) is a global technology company with a focus on financial services. Made up of Square, Cash App, Spiral, TIDAL, and TBD, we build tools to help more people access the economy. Square helps sellers run and grow their businesses with its integrated ecosystem of commerce solutions, business software, and banking services. With Cash App, anyone can easily send, spend, or invest their money in stocks or Bitcoin. Spiral (formerly Square Crypto) builds and funds free, open-source Bitcoin projects. Artists use TIDAL to help them succeed as entrepreneurs and connect more deeply with fans. TBD is building an open developer platform to make it easier to access Bitcoin and other blockchain technologies without having to go through an institution.

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