Assistant Controller Jobs in Worcester, MA (NOW HIRING)

Being a Country Bank team member has a lot of perks! Our competitive total compensation package and comprehensive benefit package include:

• Medical, dental and vision insurance, a 401(k) Plan with a generous employer contribution plus match;
• Income protection benefits;
• Educational assistance and tuition reimbursement benefits;
• Hybrid work and flexible scheduling options;
• Generous total paid time off, and more!

Country Bank is a growing mutual community bank with locations in Hampden, Hampshire and Worcester counties. We are Made to Make a Difference in the lives of our customers, our communities, and for our team members every day since 1850. It is our people that drive our success and create our inclusive and engaging culture. We’re excited to meet you to discuss our career opportunities and how you can make a difference as a part of our growing Finance team!

About the Job:

We're excited to announce an opportunity for the position of Assistant Controller! This position is responsible for functions including investment accounting, allowance for credit loss model, regulatory reporting, preparing journal entries and reconciliations for monthly general ledger close, and preparation and distribution of management reports. This role ensures that all deliverables comply with regulatory guidance and professional standards, and provides assistance to the Controller with external, Federal and State audits. This role also assists with accounting related, general ledger or special management driven projects, and day-to-day departmental operations.

The hiring range for this position is $70,000 to $85,000.

This position is Full Time, 40 hours weekly.

Essential Duties and Responsibilities (Other Duties May be Assigned):

• Responsible for investment accounting, including the coordination of investment buys, monthly processing and monthly reporting on the portfolio.
  
• Prepares and submits regulatory reporting including, but not limited to the quarterly call report, FR Y-9SP, and other FDIC and State mandated reporting.
  
• Assists in the preparation and coordination of the monthly ACL calculation and maintenance of the Sageworks model and modifies and maintains ad-hoc reports using various reporting tools, including administration of such applications.
  
• Maintains schedule of liquidity, borrowings and other funding needs for use by management and operating lease portfolio and responsible for accounting for any new leases under ASC 842.
  
• Participates in the month end close process including journal entries, research of variances, etc. Assists in preparation of month end financial statements and monthly Board package.
  
• Serves as the General Ledger administrator and core system subject matter expert for the Accounting department. Responsible for General Ledger System Admin changes within the Phoenix core system and participates in the process of building and testing of new products.
  
• Participates in the annual budget process; includes budget model setup and maintenance, coordinating the process for budget preparers, providing necessary training for department and management personnel, researching and analyzing variances, importing and reconciling monthly actuals from the core into the budget model and creating a file of the final budget for import to the core system.
  
• Assists with annual external audit, federal and state examinations. Completes requested materials. Assists in preparing assigned schedules for the annual and interim audits.
  
• Reconciles various general ledger accounts on a daily and/or monthly basis, including all research and follow up necessary to clear outstanding items. This requires knowledge of all the procedures and workflow of the various areas involved in the processing of transactions flowing through the accounts and interaction with areas within the Bank responsible for the transaction processing
  
• Assists with wire processing, verifying changes in PayPlus, resetting passwords, and answering various end-user and customer questions. Investigates unusual variances in balance sheet and income statement accounts, ensuring account balances and transactions are properly reflected
  
• Responsible for building long-lasting relationships with customers, community and colleagues through the embodiment of our Core Values: Integrity, Service, Teamwork, Excellence and Prosperity.
  
• Other job duties, as assigned.

Knowledge and Skills

It is required that the employee in this position can solve problems and work independently with minimal up-front guidance, interpreting ideas and facts, while also analyzing and interpreting federal and state laws and/or regulations. This employee should have strong written communication skills and exceptional verbal and numerical aptitudes. Knowledge of Mutual Holding Company structure preferred.

This position requires intermediate knowledge of the Microsoft Office Suite, including Excel and Word. Basic knowledge of Microsoft Power Point and Outlook is also necessary. Strong knowledge of Finastra core platform, Sageworks ALLL, Phoenix GL, and BankBI systems is preferred. Knowledge of Generally Accepted Accounting Principles (GAAP) and the ability to research them is required.
Education and Work Experience

A bachelor’s degree in accounting, along with four years of related work experience in a financial institution, or equivalent combination of education and work experience, is required.
Working Conditions/Physical Requirements

This position is in an office environment, which means the physical surroundings are generally pleasant and comfortable with minimal exposure to injury or other hazards, with a moderate level of noise. Prolonged periods of sitting and looking at a computer screen with freedom of movement on a regular basis is expected. Minimal physical effort is required but could include: repetitive motion of wrists and fingers; talking and hearing; and handling of light materials and supplies.
Country Bank is an Equal Opportunity Employer. Diverse applicants encouraged to apply.