Controller

At Webster Five, we believe strong financial leadership is essential to delivering on our mission and serving our community. We're seeking a Controller to join our team and play a vital role in ensuring the integrity and strength of our financial operations.

In this key role, you'll lead our accounting functions, safeguard the accuracy of financial reporting and maintain Webster Five's overall fiscal health. You'll manage the preparation of monthly and quarterly financial statements, general ledger reconciliations, and ensure compliance with GAAP and banking regulations.

You'll also contribute to strategic decision-making by supporting budgeting, forecasting, and variance analysis helping to guide financial planning across the organization.

If you're ready to bring your expertise to a team that values integrity, collaboration, and community, head to @Webster Five's careers page and connect with us.

Contribute your talents to a team that values integrity, collaboration, and community by applying through our careers page.

PRINCIPAL RESPONSIBILITIES:

• Manages all accounting functions while continuously enhancing the systems and processes required to fulfill a variety of complex reporting requirements. Ensures compliance with generally accepted accounting principles and regulatory and legal requirements.
• Reviews and approves daily and weekly GL entries, entries to the Federal Reserve Bank (FRB) and the Bank's accounts payable. Researches and directs resolution of discrepancies.
• Oversees GL entries including depreciation of fixed assets, prepaid and accrued expenses. Researches and resolves discrepancies.
• Generates financial statements and monthly budget reports, including the income statement and statement of condition. Ensures integrity of the Bank's corporate financial statements.
• Serves as the primary administrator for all financial processing systems including general ledger, fixed assets, accounts payable, budgeting, and investment modules. Maintains and modifies system parameters, report configurations and user authorizations to support operational workflows.
• Provides quarterly documentation to the Bank's ALCO service provider to support preparation and maintenance of all quarterly ALCO, Liquidity, and Capital Stress Testing. Reviews ALCO output for accuracy and work with third-party consultant to resolve any discrepancies.
• Oversees and participates in the development of the Bank's annual budget.
• Provides direction and leadership to the accounting and finance departments. Develops and mentors staff, conducts performance coaching as well as evaluations of employee performances.
• Assists in all phases of audits by external/internal auditors and various regulatory examiners.
• Chairperson of the Bank's Budget Committee and member of the Asset/Liability Committee (ALCO).

PEOPLE MANAGEMENT: Management of accounting/finance department team.

REQUIRED SKILLS: In-depth knowledge of accounting policies, practices, and systems as well as financial industry regulatory requirements. Excellent analytical, communication and leadership skills. Skilled in adopting and leveraging technologies to enhance efficiency, communication, and task management. Proficient in PC software. Ability to direct projects, set priorities and manage workflow in a deadline driven environment.

WORK ENVIRONMENT AND PHYSICAL DEMANDS: Work is generally performed in an office environment, with frequent interruptions. Willingness to work a flexible schedule. Ability to stay in a stationary position, operate a computer, move inside the workplace and exchange information. This position is eligible for a hybrid work arrangement in accordance with Webster Five's Remote Work Policy.

MINIMUM EDUCATION: Bachelor's Degree in Accounting or Finance.

MINIMUM PRIOR EXPERIENCE: 7 years related experience in Accounting/Finance.

Webster Five is an equal opportunity employer. We are committed to fostering and championing a culture of inclusion, equity, and diversity. Accommodations are available for applicants with disabilities.