Witt/Kieffer
EOE Statement We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, age, genetic information, national origin, citizenship, disability status or any other characteristic protected by law. The Savings Bank will make reasonable accommodations for qualified individuals with disabilities unless doing so would result in an undue hardship. If you are interested in applying for employment and feel you need a reasonable accommodation pursuant to the ADA, you are encouraged to contact us at 781-486-5238.
Overview General Overview:
The Savings Bank is a community-focused, Wakefield financial institution dedicated to delivering exceptional service and sound financial solutions. We are seeking an experienced and strategic
Vice President, Controller
to lead our accounting and financial reporting functions as we continue to grow. The role requires strong leadership, analytical skills and a deep understanding of accounting principles and the banking industry.
The Controller is responsible for overseeing all aspects of financial reporting, accounting operations, internal controls, and regulatory compliance. This role will ensure accurate, timely, and transparent financial information to support decision making across the organization.
Essential Functions
Team Management – lead and mentor team of accounting professionals
Internal Controls – establish and maintain internal controls to safeguard the organization’s assets and ensure the integrity of financial reporting
Manages the daily operation of the accounting department to ensure accurate and timely posting to the general ledger, accounts payable, fixed assets and investments.
Oversees daily cash position and branch settlement including daily reconcilement of official check accounts.
Manages month-end financial closing.
Collaborates with CFO to produce monthly ACL calculations and quarterly ALM reporting.
Collaborates with CFO to produce Budget projections.
Maintains and creates Prologue Financial Reports as needed.
Develops and implements policies to streamline the Bank’s accounting procedures and maximize efficiency.
Interacts with other departments to implement new products and manage accounting errors.
Prepares all regulatory reports.
Serves as backup to the CFO in Bank’s funding and borrowing needs.
Prepares payroll entries.
Serves as an administrator for wire exchange software.
Serves as an administrator for Enterprise Source capture for all capture channels which scans customer, back office and teller paperwork.
Creates reports for senior management as needed.
Qualifications
Bachelor’s degree in accounting or related field.
8-10 years of banking experience.
Knowledge and understanding of Federal and State banking laws, regulations and GAAP.
Salary:
$87,062 - $115,342 - $143,622
Full-Time/Part-Time: Full-Time
Location: Main Location
About the Organization The Savings Bank, founded in 1869, is one of the oldest banks in the United States, and serves local communities and families. The Bank was initially chartered to provide the community with a safe place to deposit their money, get a loan to buy or build a house, or secure money for a small business. The Savings Bank has remained independent since opening in 1869, serving customers and not shareholders, and making decisions locally.
The Saving Bank's mission today is to provide the personalized delivery of innovative financial services by committed employees, coupled with an unwavering loyalty towards community relationships. The Bank employs approximately 120 people across a variety of areas to carry out this mission. The Bank is headquartered in Wakefield, Massachusetts, and provides personal banking and business banking services through branch locations in Wakefield, Lynnfield, Methuen and North Reading and through online and mobile banking. In addition to traditional bank products and services, such as consumer and commercial deposits and loans, The Savings Bank's subsidiary, First Financial Trust, N.A., offers wealth management and estate planning. The Bank operates two charitable foundations: TSB Charitable Foundation (supporting the poor, the homeless, the elderly, and family services) and the Donald E. Garrant Foundation (supporting financial literacy in public and private schools [K-12] and non-profits).
This position is currently accepting applications.
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Overview General Overview:
The Savings Bank is a community-focused, Wakefield financial institution dedicated to delivering exceptional service and sound financial solutions. We are seeking an experienced and strategic
Vice President, Controller
to lead our accounting and financial reporting functions as we continue to grow. The role requires strong leadership, analytical skills and a deep understanding of accounting principles and the banking industry.
The Controller is responsible for overseeing all aspects of financial reporting, accounting operations, internal controls, and regulatory compliance. This role will ensure accurate, timely, and transparent financial information to support decision making across the organization.
Essential Functions
Team Management – lead and mentor team of accounting professionals
Internal Controls – establish and maintain internal controls to safeguard the organization’s assets and ensure the integrity of financial reporting
Manages the daily operation of the accounting department to ensure accurate and timely posting to the general ledger, accounts payable, fixed assets and investments.
Oversees daily cash position and branch settlement including daily reconcilement of official check accounts.
Manages month-end financial closing.
Collaborates with CFO to produce monthly ACL calculations and quarterly ALM reporting.
Collaborates with CFO to produce Budget projections.
Maintains and creates Prologue Financial Reports as needed.
Develops and implements policies to streamline the Bank’s accounting procedures and maximize efficiency.
Interacts with other departments to implement new products and manage accounting errors.
Prepares all regulatory reports.
Serves as backup to the CFO in Bank’s funding and borrowing needs.
Prepares payroll entries.
Serves as an administrator for wire exchange software.
Serves as an administrator for Enterprise Source capture for all capture channels which scans customer, back office and teller paperwork.
Creates reports for senior management as needed.
Qualifications
Bachelor’s degree in accounting or related field.
8-10 years of banking experience.
Knowledge and understanding of Federal and State banking laws, regulations and GAAP.
Salary:
$87,062 - $115,342 - $143,622
Full-Time/Part-Time: Full-Time
Location: Main Location
About the Organization The Savings Bank, founded in 1869, is one of the oldest banks in the United States, and serves local communities and families. The Bank was initially chartered to provide the community with a safe place to deposit their money, get a loan to buy or build a house, or secure money for a small business. The Savings Bank has remained independent since opening in 1869, serving customers and not shareholders, and making decisions locally.
The Saving Bank's mission today is to provide the personalized delivery of innovative financial services by committed employees, coupled with an unwavering loyalty towards community relationships. The Bank employs approximately 120 people across a variety of areas to carry out this mission. The Bank is headquartered in Wakefield, Massachusetts, and provides personal banking and business banking services through branch locations in Wakefield, Lynnfield, Methuen and North Reading and through online and mobile banking. In addition to traditional bank products and services, such as consumer and commercial deposits and loans, The Savings Bank's subsidiary, First Financial Trust, N.A., offers wealth management and estate planning. The Bank operates two charitable foundations: TSB Charitable Foundation (supporting the poor, the homeless, the elderly, and family services) and the Donald E. Garrant Foundation (supporting financial literacy in public and private schools [K-12] and non-profits).
This position is currently accepting applications.
#J-18808-Ljbffr