Financial Controller

1 day ago


Salem, Massachusetts, United States SFB Full time
About Salem Five

Salem Five is a leading regional financial services organization with a rich history of over 160 years. As an independent bank, we are deeply rooted in the communities we serve and offer our employees successful and rewarding careers.

Job Summary

We are seeking a highly skilled and experienced Financial Controller to join our team. The successful candidate will be responsible for supervising and managing the on-going activities of the accounting staff, providing training and guidance, and overseeing the month-end closing process of the Bank and subsidiaries.

Key Responsibilities
  • Supervise and manage the on-going activities of the accounting staff to enhance productivity and efficiency.
  • Work closely with the Accounting Officer to oversee the month-end closing process of the Bank and subsidiaries.
  • Review the monthly consolidation of the financial records and statements of Salem Five Bancorp, the Bank, and their subsidiaries.
  • Prepare all required reports for the Asset/Liability Management process.
  • Review the Current Expected Credit Loss (CECL) model and model inputs.
  • Review the preparation of the FDIC Call Report at the Bank level and Federal Reserve quarterly and annual regulatory reporting at the Holding company level.
  • Responsible for the preparation of the Annual Audited Consolidated Financial Statements and footnotes in accordance with generally accepted accounting principles.
  • Responsible for the monthly and quarterly Trustees balance sheet and income statement for Senior management, the Executive Committee of the Board, and the Board of Trustees.
  • Responsible for the review of all monthly and quarterly incentive payouts in accordance with corporate incentive plans.
  • Responsible for the quarterly mortgage servicing rights valuation, interest rate swap hedge effectiveness analysis, and quarterly dividend estimate.
  • Responsible for the filing of all annual reports to the Commonwealth of Massachusetts for all corporate entities.
  • Perform required risk management activities for the accounting department.
  • Actively participate in the corporate budgeting process.
  • Assist the Controller with the integration of accounting policies, procedures, and systems of all companies purchased by or merged with Salem Five.
Requirements
  • Four-year Bachelor college degree, with a degree in accounting and/or finance preferable.
  • Master of Science in Accounting and/or Finance and Certified Public Accountant license preferable.
  • Public accounting firm experience preferable.
  • Five to ten years of related experience and/or training; or equivalent combination of education and experience.
Benefits

We offer a competitive salary range, comprehensive benefits package, and opportunities for professional growth and development.



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