Assistant Controller, Officer

POSITION SUMMARY The Assistant Controller, reporting to the Controller at our Headquarters in Tewksbury, MA, will be responsible for ensuring accuracy in data and reporting, and compliance with established accounting standards and procedures. Responsibilities will include but are not limited to review of journal entries, reconciliation of general ledger accounts and transactions, financial and regulatory reporting, maintenance of internal controls, and support for internal and external audits. ESSENTIAL DUTIES AND RESPONSIBILITIES Reporting Assists with the period-end closing process of the general ledger by compiling and processing related entries Ensures fixed asset and other prepaid accounts are set up, amortized, and rolled forward monthly; verifies that all fixed asset back-up documentation is complete and accurate Prepares assigned internal and external regulatory reports, including but not limited to the quarterly FDIC Call Report Prepares Forms 1099-NEC and 1099-MISC Aides in monthly, quarterly, and yearly financial statement analyses to ensure accuracy and compliance with GAAP, FDIC, and all other standards, procedures, regulations, and internal controls Operations Monitors general ledger balance sheet accounts daily for usual or incorrect postings Assists with maintenance to the general ledger chart of accounts and interface table Reviews reconciliations performed by staff accountants or other departments within the Bank; identifies, researches and resolves issues requiring explanation Oversees the Bank's corporate credit card program Partners with the Controller to utilize accounting systems to meet the informational needs of the Bank, such as budgeting, data warehouse, profitability etc.; resolves system issues with software providers as necessary Evaluates effectiveness of existing Bank procedures cross-functionally; focuses on process improvement and creating efficiencies, develops and implements modifications and enhancements as needed across departments Assists with the preparation of the quarterly allowance for credit loss calculation Compliance Supports internal and external audits as well as state and federal regulatory inspections; provides information to auditors, regulators, senior management, and other members of Bank as requested Completes annual reviews related to vendor and system access for critical accounting systems Provides technical advice and guidance to staff accountants Please note this job description is not designed to cover a comprehensive listing of activities, duties, or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change over time. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. REQUIREMENTS BA/BS in Accounting, Finance, Business Administration or related field 3-5 years of accounting and banking experience preferred, including strong knowledge of US GAAP Detail-oriented, analytical with the ability to provide solutions to complex problems Organized, ability to multi-task, and work effectively under time constraints; adaptable to changing needs Strong verbal and written communication skills Ability to build and maintain relationships, team player Proficient with Microsoft Office, including Excel Experience with Fiserv DNA and Prologue preferred Equal Opportunity Employer / Protected Veterans / Individuals with Disabilities

Created: 2024-11-05