East Cambridge Savings Bank
Assistant Finance Manager
East Cambridge Savings Bank, Cambridge, Massachusetts, United States, 02141
Job Description
Job Description
East Cambridge Savings Bank’s Accounting Division is actively recruiting for an
Assistant Finance Manager
Function: Under the general direction of the Senior Finance Officer & Controller, manages a variety of duties pertaining to the Bank's financial reporting functions in accordance with established Bank policies, procedures and strategic goals.
We are looking for candidates with: Bachelor's degree in business, accounting or finance. At least five years of experience in bank accounting and finance. 3 years of experience with financial reporting which includes knowledge of generally accepted accounting principles (GAAP) in a Banking environment. Experience with financial analysis, interest rate risk management and investment securities. Well-developed analytical, organizational and problem-solving skills.
Primary Responsibilities: Responsible for analyzing, understanding and producing balance sheet and net interest income forecasts and related interest rate risk in an effort to meet profitability objectives. Manages the asset/liability modeling and generates various analyses in conjunction with external vendor. Attends Asset-Liability Committee (ALCo) meetings. Responsible for ensuring the timely and accurate preparation of monthly/quarterly management and regulatory reports for review by the Senior Finance Officer & Controller Assists with 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 the Senior Finance Officer & Controller identifying areas for improvement. Responsible for the preparation of the quarterly Liquidity Stress Testing. Works with lending staff to coordinate credit stress testing analysis, as needed. Analyzes current and past financial data and performance for the Bank in comparison to peer and report findings to management. Analyzes pricing and yield components of loans, investment, deposit, and borrowings. Prepares and presents to management the monthly analysis of the Bank's investment securities portfolio. Performs profitability and other financial analysis for existing and proposed products, services, programs, and departments. Completes an analysis of any new brokers that will provide investment services to the Bank and completes an annual review of existing brokers. Responsible for the calculation of the monthly provision for credit losses and related Allowance for Credit Losses on Loans ("CECL") work. Works closely with the lending staff to ensure timely and accurate information. Prepares a comprehensive quarterly report documenting the reasons for the provision and the related environmental impacts on the provision and overall allowance. Develops and maintains effective controls, systems and procedures within scope of position. Researches and analyzes Bank activities, reports on fiscal conditions, and recommends actions. Keeps abreast of accounting, regulatory, tax, audit and industry developments. Assesses impact on accounting and financial management operations and participates in decisions regarding these developments. Assists in developing reports to be used in the analysis and evaluation of potential acquisitions for East Cambridge Savings Bank and the Mutual Holding Company. Maintains knowledge of the Bank Secrecy Act (BSA), Anti-Money Laundering, Customer Identification Program, and Office of Foreign Assets Control regulatory requirements. Ensures that 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.
Other Job Responsibilities: Performs special projects or assignments for Senior Finance Officer & Controller as may be required. 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.
Contact our Human Resources Division or visit
www.ecsb.com/careers
for more details and to apply.
Or submit your resume to
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/Disabled/Veterans
Job Description
East Cambridge Savings Bank’s Accounting Division is actively recruiting for an
Assistant Finance Manager
Function: Under the general direction of the Senior Finance Officer & Controller, manages a variety of duties pertaining to the Bank's financial reporting functions in accordance with established Bank policies, procedures and strategic goals.
We are looking for candidates with: Bachelor's degree in business, accounting or finance. At least five years of experience in bank accounting and finance. 3 years of experience with financial reporting which includes knowledge of generally accepted accounting principles (GAAP) in a Banking environment. Experience with financial analysis, interest rate risk management and investment securities. Well-developed analytical, organizational and problem-solving skills.
Primary Responsibilities: Responsible for analyzing, understanding and producing balance sheet and net interest income forecasts and related interest rate risk in an effort to meet profitability objectives. Manages the asset/liability modeling and generates various analyses in conjunction with external vendor. Attends Asset-Liability Committee (ALCo) meetings. Responsible for ensuring the timely and accurate preparation of monthly/quarterly management and regulatory reports for review by the Senior Finance Officer & Controller Assists with 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 the Senior Finance Officer & Controller identifying areas for improvement. Responsible for the preparation of the quarterly Liquidity Stress Testing. Works with lending staff to coordinate credit stress testing analysis, as needed. Analyzes current and past financial data and performance for the Bank in comparison to peer and report findings to management. Analyzes pricing and yield components of loans, investment, deposit, and borrowings. Prepares and presents to management the monthly analysis of the Bank's investment securities portfolio. Performs profitability and other financial analysis for existing and proposed products, services, programs, and departments. Completes an analysis of any new brokers that will provide investment services to the Bank and completes an annual review of existing brokers. Responsible for the calculation of the monthly provision for credit losses and related Allowance for Credit Losses on Loans ("CECL") work. Works closely with the lending staff to ensure timely and accurate information. Prepares a comprehensive quarterly report documenting the reasons for the provision and the related environmental impacts on the provision and overall allowance. Develops and maintains effective controls, systems and procedures within scope of position. Researches and analyzes Bank activities, reports on fiscal conditions, and recommends actions. Keeps abreast of accounting, regulatory, tax, audit and industry developments. Assesses impact on accounting and financial management operations and participates in decisions regarding these developments. Assists in developing reports to be used in the analysis and evaluation of potential acquisitions for East Cambridge Savings Bank and the Mutual Holding Company. Maintains knowledge of the Bank Secrecy Act (BSA), Anti-Money Laundering, Customer Identification Program, and Office of Foreign Assets Control regulatory requirements. Ensures that 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.
Other Job Responsibilities: Performs special projects or assignments for Senior Finance Officer & Controller as may be required. 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.
Contact our Human Resources Division or visit
www.ecsb.com/careers
for more details and to apply.
Or submit your resume to
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/Disabled/Veterans