East Cambridge Savings Bank’s Accounting Division is actively recruiting
for an Assistant Controller/Accounting Manager.
Function:
Under the general
direction of the Vice President-Controller manages the daily operations of the
Accounting Department and performs a variety of duties pertaining to the
Accounting and Financial Reporting functions in accordance with established
Bank policies, procedures and strategic goals.
We
are looking for a candidate with:
Bachelor’s degree in accounting or
finance
At least five years experience in Bank
accounting and/or financial management and 3-5 years of management experience.
Well developed analytical,
organizational and problem-solving skills.
EssentialJobFunctions:
Assists Controller with managing the evolution of
the Bank’s financial information system and ancillary systems.
Manages the daily operations of the Accounting
Department; cash management activities, daily investment activities,
processing of accounts payable activities, wire transfers, and tax payments.
Conducts periodic performance reviews and provides training and
development for Accounting staff, assisting with completion of assignments
as needed.
Reviews the monthly/quarterly tax provisions and
assists the Tax Provider with tax return preparation. Responsible
for preparing regulatory reports and schedules required by external
agencies such as the Federal Reserve Bank, Depositors Insurance Fund, IRS,
etc. Keeps abreast of accounting, tax and industry developments and
makes recommendations as needed.
Responsible for ensuring the timely and accurate
preparation of monthly/quarterly/periodic management and regulatory
reports in accordance with generally accepted accounting principles,
regulatory requirements and Bank policies for review by Chief Financial
Officer and Controller.
Designs internal controls, compiles accounting
policies and coordinates implementation and testing for accounting regulations
such as CECL.
Reviews, develops and ensures implementation of Bank
policies in accordance with GAAP and accounting procedures.
Recommends, develops and implements procedural changes and new work
methods as necessary.
Analyzes reconciliations and resolves outstanding
items and accounting related issues. Provides technical assistance
to staff and Officers when needed.
Prepares and assists with month end closing entries,
accruals and related reports. Recalculates accrued interest
receivable on a monthly basis and provides a written report to management.
Reviews set up of investment securities activity as
needed to ensure the trades coincide with management’s approved
recommendations.
Generates various financial and regulatory reports
pertaining to the Bank’s investment portfolio, overall budget and
financial performance on a daily, monthly and quarterly basis. As
needed, research and extract relevant information from various internal
and external sources such as the Bank’s CPA firm. Responsible for
quarterly completion of the qualified collateral report for submission to
the FHLB.
Recommends and develops plans to meet the Bank’s
financial goals and objectives.
Evaluates, develops, implements and monitors
regulatory compliance issues. Performs operational audits to ensure
compliance with established policies, policies, laws and regulations in
preparation for external audits and regulatory exams.
Assists in the preparation and development of the
Bank’s operating and capital budgets. Analyzes the Bank’s operating
budget on a monthly basis and provides reports to Controller identifying
areas for improvement.
Maintains knowledge of the Bank Secrecy Act (BSA),
Anti-Money Laundering (AML), Customer Identification Program (CIP), and
Office of Foreign Assets Control (OFAC) regulatory requirements.
Ensures that management and staff members complete BSA related annual
training in a timely manner and that all BSA procedures are followed when
applicable. Identifies and reports compliance related issues and
suspicious activity.
Supportive Functions:
Performs related managerial,
administrative and special projects as required or assigned to ensure the
ongoing effectiveness of the accounting function.
Serves on various committees as
required.
Participates in civic activities
to promote growth and development in the community and a positive image
for the Bank.
Performs related managerial and
administrative functions as may be necessary to ensure the ongoing
effectiveness of the accounting department.
