East Cambridge Savings Bank’s Accounting Division is actively recruiting for a Director of Accounting.

Function:

Under the guidance of the Senior Vice President-Senior Finance Officer/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 seven 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. 
• Manages tax compliance for the Bank. 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. 
• Manages completion and review of management, board, and regulatory reports in accordance with generally accepted accounting principles, regulatory requirements and Bank policies. 
• Responsible for managing accounting 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. Maintains knowledge of developments and trends in finance, tax and audit requirements applicable to the Bank.
• Facilitates implementation of new finance systems and modifications of existing systems to reduce downtime and works with external vendors and internal stakeholders as needed.
• Evaluates, develops, implements, and monitors regulatory compliance issues. Coordinates audit related tasks with the Senior Finance Officer/Controller, ensuring audit and exam requests are addressed in a timely manner. 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.
• Supervisory Scope: 2 direct reports

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.

Contact our Human Resources Division or 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, MA 02141

East Cambridge Savings Bank is an Equal Opportunity Employer/Veterans/Disabled