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Vice President, Assistant Controller

Company: East Boston Savings Bank
Location: Peabody
Posted on: September 12, 2020

Job Description:

Tracking Code 2020105 Job Description Position Summary

Responsible for assisting the Controller in the accounting and financial reporting performed by the Finance department and participating in ad-hoc projects undertaken by the department. Responsible for the management and supervision of four or more members of the accounting staff and ensuring the regulatory compliance of own duties as well as those performed by supervised employees through the implementation of procedures, supervision and monitoring.

Essential Responsibilities

Manage the accounting staff through overseeing daily workflow, hiring, professional development, coaching, mentoring and completing performance evaluations.

Participate in the preparation and review of the Bank’s quarterly Call Report for filing with the FDIC and FR-Y filings for the Federal Reserve. Assist in maintaining, enhancing and processing internal financial reporting for management and the Board of Directors. Assist with other aspects of the Bank’s financial reporting responsibilities, including with the Securities and Exchange Commission and Massachusetts Deposit Insurance Fund.

Oversee the Bank’s cash management processes, including the reconciliation of internal and due from bank accounts. Also ensure the processing of information and cash reporting from the branches to the general ledger is done accurately and in accordance with the Bank’s policies and procedures.

Oversee the processing of accounts payable and the Finance department’s portion of facilities administration, including cost allocation provisions, the maintenance of purchase and lease documentation, tracking net book value in the fixed assets system, ensuring timely payment of all associated taxes and fees and all other responsibilities related to accounting for fixed assets. Also review the monthly processing of fixed assets and ensure appropriate accounting treatment for each asset.

Assist Controller in serving as principal contacts to internal, external, and regulatory auditors, etc. for coordination of services and informational resources.

Oversee the monthly processing of prepaid and accrued expenses, ensuring accurate recognition of expenses over appropriate periods.

Manage the Bank’s wire transfer function including domestic and foreign transfers for our retail customers, as well as activities related to the Bank’s operations.

Assist Controller in various projects undertaken by the Finance Department – including purchase accounting application, compliance administration, efficiency analysis and profitability studies.

Prepare reconciliations of various general ledger accounts.

Provide back-up assistance to the accounting staff. Assume the authority of the Controller in her/his absence under the direction of the CFO.

Education

H.S. Diploma or equivalent

Bachelor's Degree: Preferably with accounting concentration

Work Experience

7+ years: Directly related experience in accounting

3+ years: Specialized training or experience in financial reporting, bank operations, budgeting, or auditing

3+ years: Supervisory management leadership

Skills

Ability to communicate professionally and effectively in person, on the phone, electronically, or through other means to individuals and groups required.

Multilingual capabilities and/or multicultural perspective preferred.

Financial software required.

Microsoft Office Products (Intermediate) required.

Industry specific software applications and information systems required.

Supervisory skills, including performance management, staffing, and delegation required.

EEO Statement

East Boston Savings Bank is proud to be an Equal Opportunity Employer that values diversity and the strength it creates. The bank recruits and hires qualified candidates without regard to race, color, religion, sex, sexual orientation, gender identity or expression, national origin, ancestry, age, marital status, genetic information, physical or mental disability, pregnancy, pregnancy-related conditions, military service, protected veteran status, or any other class protected by federal, state, or local law.

Job Location Peabody, Massachusetts, United States Position Type Full-Time/Regular

Apply Connect Who do you know at

East Boston Savings Bank

Member FDIC. Member DIF.

Equal Opportunity Lender.

Keywords: East Boston Savings Bank, Peabody , Vice President, Assistant Controller, Other , Peabody, Massachusetts

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