What are the responsibilities and job description for the Assistant Controller AVP position at Norway Savings Bank?
For The Life You Choose, A Career to Match….
Here at Norway Savings Bank, we strive to create a positive, team-based culture that leverages each person’s unique gifts and strengths and offers the support to achieve great things. A place where your unique being shines through.
If this sounds exciting to you, we would love to have you on our team!
We’re seeking an Assistant Controller AVP to join our Finance Team.
Stepping into this role, you will report to our Controller VP, and will be responsible for ensuring that the Bank’s accounting and financial processes meet established accounting and regulatory standards, promoting accurate financial reporting and ensuring an effective control environment.
This position has a key oversight role in the timeliness and accuracy of general ledger account reconciliation and proof activities and is responsible for supporting the preparation of financial statements and regulatory reports that adhere to regulatory and accounting guidelines (GAAP).
You will also play a supporting role in Federal and State Income Tax calculations along with determination of deferred tax assets and liabilities.
Essential Pieces of the Position:
- Responsible for assigned accounting functions related to month-end financial closing, ensuring transactions are properly recorded and reconciled with variances researched and results analyzed. Posts journal entries as needed.
- Completes assigned daily/monthly general ledger reconciliation and proof activities to help ensure that the Bank’s general ledger is complete and accurate.
- Assists in the preparation of month end financial reports and board reporting package.
- Assists Controller VP with calculation of quarterly Federal and State Income tax estimates as well as the calculation of the Deferred Tax Asset and Deferred Tax Liability position.
- Assists with the year-end financial statement and footnote preparation, including preparation of assigned supporting workpapers. Supports completion of year-end financial statement disclosure checklist ensuring compliance with all required disclosures.
- Assists Controller with timely submission of supporting documents for internal and external audits and regulatory exams.
- Assists with accounting process changes and improvements.
- Interacts with and supports branches and departments with accounting related issues.
- Assists with preparation of the quarterly Call Report and other regulatory reporting.
- Assists with subsidiary, real estate management, BOLI, and fixed asset accounting.
- Supports the Investments, Accounting & Treasury Analyst AVP with the calculation, documentation and reporting of the Allowance for Credit Losses and Unfunded Commitments Reserve estimates.
- Actively supports the bank’s FDICIA Internal Controls Program in conjunction with the bank’s Enterprise Risk Management program.
- Maintains working knowledge of core system transaction flow and ensures proper accounting policies and procedures are maintained across all business lines of the Bank.
- Maintains knowledge of sales, use, and property tax compliance issues and regulations as they relate to financial institution products and services.
- Develops and maintains a broad, general knowledge of all company business lines and accounting specialties related thereto in order to recognize issues and to consult with other experts as necessary.
- Cross trained in department responsibilities and provides backup to department personnel as needed.
- Provides a high level of internal and external customer service.
- Ensures that work is in compliance with applicable laws, regulations and guidelines.
Management Committees
- Participates on internal operating committees as appropriate.
- Participates in the Bank’s annual planning and budgeting process.
Outside Activities
- Actively participates in industry trade group meetings and educational programs to remain abreast of current issues and requirements affecting Bank operations, technology and financial performance.
Our Candidate Must Have:
- 4-year business or accounting degree or the equivalent combination of education and work experience.
- 3 to 5 years of progressively more responsible financial and accounting experience.
- CPA designation preferred.
- Knowledge of financial institution accounting policies and procedures preferred.
- Solid knowledge of GAAP (Generally Accepted Accounting Principles).
- Well organized, analytical problem solver who is proactive and can work with others in a tactful way without direct authority.
- Strong communication skills, both verbal and written. Ability to clearly communicate with vendors and other employees for extended periods of time; must have good listening ability and skills.
- Curious and observant with a willingness to investigate processes in order to fully understand assigned areas of responsibility.
- Knowledge of Core Accounting Systems (Fiserv Premier ideally), Microsoft Excel, Microsoft Word, Microsoft Power Point and database reporting applications.
- Must be able to prioritize and organize work flow with good attention to detail; ability to handle multiple jobs/tasks.
Benefits:
- Full suite of insurance benefits
- 160 hours of paid time off per year, increasing with longevity
- 56 hours of paid sick time per year, increasing with longevity
- 11 paid holidays
- 401K with exceptional employer contributions
- Comprehensive Wellness Program
- Tuition reimbursement
- A hands-on team that is dedicated to the growth and success of our employees!
Working Conditions:
Physical surroundings are generally pleasant and comfortable with minimal exposure to injury or
other hazards. Minimal physical effort required; normally seated with freedom of movement on a
regular basis; handling of light materials and supplies.
Potential for hybrid combination remote and on-site work arrangement with some flexibility once fully
acclimated to the role.
**External and internal applicants, as well as position incumbents who are or who become disabled as defined by the Americans with Disabilities Act must be able to perform the essential job functions (as listed) either unaided or with the assistance of a reasonable accommodation to be determined by management on a case by case basis.**
Norway Savings Bank is an Equal Opportunity Employer.
