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Financial Risk Manager Jobs in Cumberland Center, ME

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... consistently Risk Management, Compliance, and Governance * Work with Legal/Compliance to ensure partner offerings and our sales practices align with applicable consumer finance requirements ...

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Financial Risk Manager information

See Cumberland Center, ME salary details

$52.5K

$113.8K

$173.4K

How much do financial risk manager jobs pay per year?

As of Sep 3, 2026, the average yearly pay for financial risk manager in Cumberland Center, ME is $113,759.00, according to ZipRecruiter salary data. Most workers in this role earn between $91,800.00 and $131,500.00 per year, depending on experience, location, and employer.

What does a financial risk manager do?

A Financial Risk Manager (FRM) is responsible for identifying, analyzing, and mitigating financial risks within an organization. Their work involves assessing threats related to credit, market, operational, and liquidity risk, and developing strategies to minimize potential losses. FRMs use quantitative analysis, financial modeling, and risk assessment tools to advise decision-makers on risk exposures. They play a vital role in ensuring that a company remains compliant with financial regulations and maintains financial stability.

What are the key skills and qualifications needed to thrive as a financial risk manager?

To thrive as a Financial Risk Manager, you need a strong background in finance, quantitative analysis, and risk assessment, typically supported by a relevant degree and certifications like FRM or CFA. Expertise in risk modeling software, statistical tools such as SAS or R, and financial reporting systems is highly valued. Exceptional analytical thinking, attention to detail, and effective communication skills set top performers apart in this role. These skills and qualities are crucial for accurately identifying, assessing, and mitigating financial risks to protect organizational assets and ensure regulatory compliance.

What are some common challenges financial risk managers face when working with cross-functional teams?

Financial Risk Managers often collaborate with departments such as treasury, compliance, and IT to identify and mitigate risks. One common challenge is aligning risk management strategies with diverse departmental goals, which may sometimes conflict with each other. Effective communication and negotiation skills are essential to ensure all stakeholders understand the risk implications of their decisions. Additionally, adapting to rapidly changing regulations and market conditions can create pressure to quickly update risk models and processes.

What is the difference between Financial Risk Manager vs Credit Analyst?

AspectFinancial Risk ManagerCredit Analyst
CertificationsFRM, CFAFitch, CFA
Work EnvironmentFinancial institutions, banks, investment firmsBanks, lending institutions, credit agencies
Primary FocusAssessing and managing overall financial risksEvaluating creditworthiness of borrowers
Industry UsageRisk management departments, trading floorsLoan departments, credit risk units

While both roles involve financial analysis, a Financial Risk Manager focuses on identifying and mitigating broad financial risks across an organization, often requiring advanced certifications like FRM or CFA. A Credit Analyst specializes in assessing individual borrowers' creditworthiness to inform lending decisions. Both roles are vital in financial institutions but serve different strategic purposes.

Do financial risk managers make good money?

Financial risk managers typically earn competitive salaries that vary by industry, experience, and location. According to industry data, median annual pay often exceeds $100,000, with senior roles and certifications like FRM or CFA increasing earning potential. They also benefit from bonuses and other incentives based on performance and risk management success.

Is it hard to become a financial risk manager?

Becoming a financial risk manager typically requires a strong background in finance, economics, or related fields, along with relevant certifications such as the FRM or CFA. The role involves developing analytical skills, understanding financial models, and often gaining experience in risk analysis or financial analysis, which can take several years of education and work experience to achieve.

Is risk management in finance a good career?

A career as a financial risk manager involves analyzing and mitigating financial risks for organizations, often requiring strong analytical skills, knowledge of financial instruments, and certifications like FRM or CFA. It offers opportunities in banking, investment firms, and corporations, with a focus on quantitative analysis and regulatory compliance. The role can be rewarding for those interested in finance and risk assessment, with a stable job outlook and competitive salary potential.

What job categories do people searching Financial Risk Manager jobs in Cumberland Center, ME look for?

The top searched job categories for Financial Risk Manager jobs in Cumberland Center, ME are:

Infographic showing various Financial Risk Manager job openings in Cumberland Center, ME as of June 2026, with employment types broken down into 2% As Needed, 68% Full Time, 25% Part Time, and 5% Contract. Highlights an 90% Physical, 3% Hybrid, and 7% Remote job distribution, with an average salary of $113,759 per year, or $54.7 per hour.

Accounting Manager - GL Team

Connecticut Water Service

Saco, ME โ€ข On-site

Full-time

This job post hasย expired today.ย Applications are no longer accepted.


Job description

H2O America is actively seeking talented, drivenand effective applicants for the position of Accounting Manager - GL Team to join ourdynamic team. We offer a challenging and rewarding work environment along witha competitive salary and an excellent benefits package.
H2O America is the parent organization of thefollowing subsidiary companies: San Jose Water, Connecticut Water, Maine Water,and Texas Water. We sustain life by delivering high-quality water andexceptional service while investing in the health and vitality of thecommunities we serve.
Job Description:
Position Overview:
This role is responsible for managing day-to-day accounting operations to ensure accurate preparation of financial deliverables (e.g. journal entries, reconciliations, reports, close activities) and maintain compliance across multiple jurisdictions within H2O America. This role oversees accounting staff, reviews complex reconciliations and journal entries, and serves as the primary liaison in audit processes with internal departments and external stakeholders. They assist in developing strategies to strengthen accounting processes, enhance internal controls, support forecasting and budgeting, and minimize financial risk while ensuring internal and regulatory policy adherence. This role will balance leadership and tactical responsibilities to enable team success. This role also requires strong leadership, advanced accounting expertise, and strategic thinking to drive operational excellence and compliance.
Team Overview:
This manager will oversee the General Ledger Accounting team. This team records, reconciles, and closes out accounts to prepare accurate financial statement and balance sheets for the to ensure integrity and compliance within the H2O America enterprise. They also manage full-cycle month-end and year-end closing processes (incl. Journal entries, account reconciliations, interdepartmental coordination), while ensuring compliance with various internal and regulatory standards.
Occasional domestic travel may be required for this role to our various reporting locations.
Key Responsibilities:
  • Leads day-to-day accounting operations to ensure accuracy and compliance across jurisdictions.

  • Oversees complex reconciliations and preparations across subsidiary and general ledgers. Acts as escalation point for complex discrepancies and establishes standards for escalation and review.

  • Conducts reviews for complex journal entries, including accruals and adjustments, to ensure accuracy and compliance. Posts journal entries as needed.

  • Directs and schedules month-end, quarter-end, and year-end close processes (incl. general ledger maintenance, reconciliations, adjustments, complex schedules).

  • Manages data requests from external stakeholders (e.g. actuaries, insurance representatives, insurance providers, asset holders).

  • Assists in the accurate and timely completion of regulatory filings (e.g. SEC and the public utility authority in each respective state) as needed.

  • Assists in financial forecasting, modeling, and scenario planning.

  • Manages a team of accounting staff in the production of accounting deliverables. Performs hiring, mentoring, and performance decisions to build high-performing teams.

  • Leads development and review of complex financial reports to support strategic decisions (e.g. cost reports, forecast reviews, revenue projects, grant reporting, audit documentation).

  • Prepares complex accounting deliverables, when needed.

  • Develops strategies to strengthen accounting processes, enhance internal controls, and minimize potential gaps in controls.

  • Supervises complex audit procedures (e.g. developing audit plans, coordinating auditor activities, preparing responses to complex inquiries). Provides analysis and reports and presents data as requested to various groups, including leadership.

  • Verifies cost allocations are made according to company procedures.

  • Serves as primary liaison with internal department and external agencies in order to present information, provide recommendations, and support coordinated fiscal operations.

  • Assists in development of financial strategic plan as needed.

  • Leads O&M budget process and communicates analysis of actual versus budget variances to management.

  • Educates managers in development and analysis of departmental budgets.

  • Provides support in obtaining new long term debt (incl. Responding to inquiries), as needed.

  • Regularly educates stakeholders and senior leaders on complex accounting topics and financial insights to inform strategic decision making.

  • Supports the development and interpretation of company accounting compliance and controls (incl. SOX 404 requirements).

  • Develops and maintains relationships with vendors, staff, and stakeholders to support organizational objectives.

  • Assists in the implementation of software and system upgrades, as needed.

  • Oversees daily data integrations between enterprise accounting systems (e.g. PowerPlant, JDE E1) as needed.

  • Manages organizational cash-management tools, as needed.

  • Performs other treasury and cash management functions (incl. Initiating and/or approving wires) as needed.

  • Makes recommendations for process improvements to increase efficiency.

  • Required to complete occasional evening and weekend work as part of an on-call rotation schedule to meet deadlines or address emergencies as needed.

  • Performs other duties or special projects as required or assigned.

Qualifications:
  • Bachelor's degree and/or 10+ years of relevant professional experience with progressively increased levels of responsibility.

  • Holds relevant certifications required for the team's need or directed by management.

  • Holding a CPA license is a plus.

  • Demonstrated experience leading technical or cross-functional teams.

  • Expertise in GAAP and bookkeeping best practices.

  • Strong expertise in general ledger, journal entries, and account reconciliations.

  • Experience leading audit processes and preparing relevant documentation.

  • Experience in budget development, monitoring, and forecasting.

  • Expertise in financial data analysis and providing actionable insights into complex anomalies.

  • Deep understanding of tax compliance, internal controls (e.g. SOX) and regulatory reporting requirements.

  • Proficiency in Microsoft Office (e.g. Excel).

  • Proficiency in ERP/accounting systems (e.g. Oracle).

  • Strong skills in stakeholder engagement and project management.

  • Strong research, analytical, and organizational skills.

  • Excellent communication and leadership skills.

Location:
This position may report out of any headquarter location of H2O America, listed below:
110 West Taylor Street, San Jose, CA 95110 USA
1399 Sattler Road, New Braunfels, TX 78132 USA
93 West Main Street, Clinton, CT 06413 USA
93 Industrial Park Road, Saco, ME 04072 USA
Salary:
Salary is determined by geolocation. General ranges are listed below:
New England: $101,796 - $183,192
California: $128,112 - $230,622
Texas: $98,861 - $177,972
EEO Statement:
Our company provides equal employment opportunities(EEO) to all employees and applicants for employment without regard to race,color, religion, sex, national origin, age, disability or genetics.