Assistant Controller Position Available In Middlesex, Massachusetts

East Cambridge Savings Bank’s AccountingDivision is actively recruiting for an AssistantController.

Function :

Under thegeneral direction of the Senior Finance Officer & Controller manages thedaily operations of the Accounting Department and performs a variety of dutiespertaining to the Accounting and Financial Reporting functions in accordancewith established Bank policies, procedures and strategic goals. We are looking for a candidate with: Bachelor’sdegree in accounting or finance. Atleast six years experience in Bank accounting and/or financial management andminimum of three years of management experience or equivalenteducation/training. Welldeveloped analytical, organizational and problem-solving skills.

Essential Job Functions :

Managesthe daily operations of the Accounting Department; cash management activities,daily investment activities, processing of accounts payable activities, wiretransfers, and tax payments. Conductsperiodic performance reviews and provides training and development for Accountingstaff, assisting with completion of assignments as needed. Managestax compliance for the Bank. Reviews the monthly/quarterly tax provisions andassists the Tax Provider with tax return preparation. Responsible for preparing regulatory reportsand 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 makesrecommendations as needed. Responsiblefor ensuring the timely and accurate preparation of monthly/quarterlymanagement and regulatory reports for review by the Senior Finance Officer& Controller Reviews,develops and ensures implementation of Bank policies in accordance with GAAPand accounting procedures. Recommends,develops and implements procedural changes and new work methods as necessary. Analyzesreconciliations and resolves outstanding items and accounting relatedissues. Provides technical assistance tostaff and Officers when needed. Preparesand assists with month end closing entries, accruals and related reports. Recalculates accrued interest receivable on amonthly basis and provides a written report to Controller. Responsiblefor the calculation of the monthly provision for credit losses and relatedAllowance for Credit Losses on Loans (“CECL”) work. Works closelywith the lending staff to ensure timely and accurate information. Prepares acomprehensive quarterly report documenting the reasons for the provision andthe related environmental impacts on the provision and overall allowance. Responsiblefor analyzing, understanding and producing balance sheet and net interestincome forecasts and related interest rate risk in an effort to meetprofitability objectives. Manages theasset/liability modeling and generates various analyses in conjunction withexternal vendor. Attends Asset-LiabilityCommittee (ALCo) meetings. Analyzescurrent and past financial data and performance for the Bank in comparison topeer and reports findings to management. Analyzes pricing and yield components of loans, investment, deposit, andborrowings. Prepares and presents the monthly analysis of the Bank’s investmentsecurities portfolio. Responsiblefor the preparation of the quarterly Liquidity Stress Testing. Works withlending staff to coordinate credit stress testing analysis, as needed. Performsprofitability and other financial analyses for existing and proposed products,services, programs, and departments. Completes an analysis of any new brokersthat will provide investment services to the Bank and completes an annualreview of existing brokers. Generatesand reviews various financial and regulatory reports pertaining to the Bank’sinvestment portfolio, overall budget and financial performance on a daily,monthly and quarterly basis. As needed,researches and extracts relevant information from various internal and externalsources such as the Bank’s CPA firm. Responsible for quarterly completion of the qualified collateral reportfor submission to the FHLB. Evaluates,develops, implements and monitors regulatory compliance issues. Performs operational audits to ensurecompliance with established policies, policies, laws and regulations inpreparation for external audits and regulatory exams. Assistsin the preparation and development of the Bank’s operating and capitalbudgets. Analyzes the Bank’s operatingbudget on a monthly basis and provides reports to Controller identifying areasfor improvement. Maintains knowledge of the Bank Secrecy Act (BSA),Anti-Money Laundering (AML), Customer Identification Program (CIP), and Officeof Foreign Assets Control (OFAC) regulatory requirements. Ensures that management and staff memberscomplete BSA related annual training in a timely manner and that all BSAprocedures are followed when applicable. Identifies and reports compliance related issues and suspiciousactivity. Contact our Human Resources Divisionor visit https://www.ecsb.com/about-us/careers for more details and to apply.

Or submit your resume to:

Email:

recruit@ecsb.com

Fax:

617-252-6877

Phone:

617-354-7700

East Cambridge Savings Bank, Attn:

Human Resources 344 Cambridge Street Cambridge, MA02141 EastCambridge Savings Bank is an Equal Opportunity Employer/Veterans/Disabled