BankNewport

  • Accounting Manager

    Job Locations US-RI-Middletown
    Posted Date 3 months ago(8/30/2018 4:57 PM)
    Job ID
    2018-1237
    # of Openings
    1
    Category
    Accounting/Finance
  • Overview

    Performs a variety of accounting and financial control functions in conformance with established Bank strategies, policies and procedures.  Assists in the management of the accounting and finance functions within a mutual holding company corporate infrastructure

    Responsibilities

    All managers of BankNewport are expected to support Bank wide efforts designed to understand, measure, monitor, reduce, control and report risk in the most efficient and cost-effective manner. Risk management includes but is not limited to compliance risk, credit risk, liquidity risk, market risk, operations risk and systems risk as well as attention to physical building safety and security.

     

    In conjunction with risk management, this individual is responsible for the creation, completion, or on-going maintenance of Control Assessment Documents (CAD’s).  This may include creating or modifying internal control policies and procedures, flowcharts, narratives or checklists in an effort to continuously update and improve the CAD’s.  Continuous review of internal controls and identification of risks are expected.

     

     

    Performs any functions necessary, within scope of authority and expertise, to provide the highest level of service and responsiveness to customers.

     

    • Supervision and development of three direct reports. Conducts periodic performance reviews. Provide training, advice, and guidance as needed.
    • Updates and maintains the department’s schedule of daily and monthly rotating tasks, ensuring adequate cross training and fostering an environment of continuous staff development and engagement.
    • Acts as the department system administrator. Responsible for the user access controls, security, maintenance, updates and disaster recovery of said applications. 
    • Works alongside the Assistant Controller on monthly financial statement analysis, month end and year end close for the MHC, BankNewport and subsidiaries.
    • Related to lease accounting, ensures appropriate ledger maintenance, reporting accuracy and payment timing and that the Bank remains in conformance with FASB standard updates.
    • Reviews and approves all monthly and quarterly general ledger account reconciliations prepared by the finance department. 
    • Reviews and approves monthly prepaid, accrual and fixed asset reporting before posting related entries to the general ledger.
    • Responsible for all general ledger maintenance: e.g., opening new accounts, updating custom reports, maintaining interfaces. Contacts servicer for assistance as needed.
    • Assists with the documentation of procedures and policies within the finance department.
    • Serves as a liaison between the Bank and the companies with which the Bank is insured, acting as a central point of contact for the Bank in resolving insurance claim related issues. 
    • Prepares special reports by collecting, analyzing and summarizing information and trends.
    • Assists with system conversions.

     

    OTHER ACCOUNTABILITIES/RESPONSIBILITIES:

     

    • Community involvement.
    • Serves on various BankNewport committees.
    • Performs related and unrelated duties as may be required.

     

    ADDITIONAL ACCOUNTABILITIES/RESPONSIBILITIES:

     

    The following specialized responsibilities may be assigned to a particular position incumbent and not performed by all incumbents:

    • Researches, collects, classifies and studies statistical data. Prepares analytical reports and profitability statements.
    • Assists in the implementation of FASB accounting standards and accounting control procedures.
    • Assists with the information gathering for internal and external auditors.

    Qualifications

    Bachelors Degree in Accounting or Finance. Five to seven years related experience. Knowledge of various financial accounting systems and software applications such as Microsoft Office Excel and Word. Good communication, organizational and analytical skills. Must be adaptable and able to work well in a changing environment. Problem solving and reasoning skills are essential. An innovative and entrepreneurial mindset is a plus. Must observe confidentiality, handle multiple concurrent tasks and deal with interruptions.  Attendance in office during normal business hours (at minimum) may be required in order to effectively coordinate with multiple departments, projects and outside entities.

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