What are the responsibilities and job description for the Managing Director, Corporate Accounting position at Webster Bank?
If you’re looking for a meaningful career, you’ll find it here at Webster. Founded in 1935, our focus has always been to put people first--doing whatever we can to help individuals, families, businesses and our colleagues achieve their financial goals. As a leading commercial bank, we remain passionate about serving our clients and supporting our communities. Integrity, Collaboration, Accountability, Agility, Respect, Excellence are Webster’s values, these set us apart as a bank and as an employer.
Come join our team where you can expand your career potential, benefit from our robust development opportunities, and enjoy meaningful work!
Under the direction of the Corporate Controller the MD Corporate Accounting position will leverage accounting and management skills and understanding of U.S. GAAP to oversee various areas of corporate accounting activities including but not limited to Subsidiary Accounting, broad range on benefit accounting, joint venture accounting, Direct Investments as well as other accounting matters. This position will collaborate with other functional groups across the organization for example Bank Operations, Human Resources, Finance (FP&A), Legal. Participation in special projects and potential M&A transactions on an Ad hoc basis.
Responsibilities
Responsible for Subsidiary Accounting of bank and holding company subsidiaries. Provide critical management and oversight ensuring proper and timely accounting and monthly reporting.
Accounting for Joint Ventures
Manages the processing, accounting entries, reconciliations, analysis and documentation of assigned job areas within the department
Responsible for benefit accounting, pension, SERP, retire medical, Rabbi trust, IBNR and payroll related accounting.
Oversee Accounts Payable function.
Oversight of T&E Policy and Corporate Card program
Improves the effectiveness of the team by making adjustments and/or enhancements to current accounting and/or reconciliation issues in an accurate and timely manner
Oversees Direct Investments functions of the monthly, quarterly, and annual book close cycles, monitoring timely completion and escalating issues for resolution
Researches and applies accounting policy to business issues that arise
Establishes, documents and performs internal control procedures to ensure accurate and timely reconciliations
Understands how data flows through the financial systems to the accounting function in order to identify issues and take action to address them.
Continually assesses the business value and efficiency of the work performed, making suggestions for improvements and collaborating with others in implementing them.
Leads or actively participates in increasingly complex department projects, M&A activities as well as continuous improvement activities.
Ensure team’s compliance with all regulations, policies, and procedures.
Drive high performance and accountability for superior results and employee engagement. Provide staff with timely, candid and constructive performance feedback; develop employees to their fullest potential and provide challenging opportunities that enhance employee career growth; recognize and reward employees for accomplishments.
Education, Experience and Skills:
Bachelor's degree in Accounting, CPA and/or graduate degree preferred
7-12 years of accounting experience or progressively challenging experi ence within an accounting function, financial services preferred
Excellent computer skills -- especially in complex Excel functions to quickly be able to analyze data
Effective written and oral communication skills
Demonstrates the ability to understand and interpret complex accounting issues and processes and to recommend actions to ensure integrity of financial systems and compliance with GAAP.
Works and communicates effectively with management and staff throughout the organization
Demonstrates project management skills with proven success at managing projects to completion with limited supervision
The estimated base salary range for this position is $165,000 USD to $200,000 USD. Actual salary may vary up or down depending on job-related factors which may include knowledge, skills, experience, and location. In addition, this position is eligible for incentive compensation.
#LI-JW1
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.
Come join our team where you can expand your career potential, benefit from our robust development opportunities, and enjoy meaningful work!
Under the direction of the Corporate Controller the MD Corporate Accounting position will leverage accounting and management skills and understanding of U.S. GAAP to oversee various areas of corporate accounting activities including but not limited to Subsidiary Accounting, broad range on benefit accounting, joint venture accounting, Direct Investments as well as other accounting matters. This position will collaborate with other functional groups across the organization for example Bank Operations, Human Resources, Finance (FP&A), Legal. Participation in special projects and potential M&A transactions on an Ad hoc basis.
Responsibilities
Responsible for Subsidiary Accounting of bank and holding company subsidiaries. Provide critical management and oversight ensuring proper and timely accounting and monthly reporting.
Accounting for Joint Ventures
Manages the processing, accounting entries, reconciliations, analysis and documentation of assigned job areas within the department
Responsible for benefit accounting, pension, SERP, retire medical, Rabbi trust, IBNR and payroll related accounting.
Oversee Accounts Payable function.
Oversight of T&E Policy and Corporate Card program
Improves the effectiveness of the team by making adjustments and/or enhancements to current accounting and/or reconciliation issues in an accurate and timely manner
Oversees Direct Investments functions of the monthly, quarterly, and annual book close cycles, monitoring timely completion and escalating issues for resolution
Researches and applies accounting policy to business issues that arise
Establishes, documents and performs internal control procedures to ensure accurate and timely reconciliations
Understands how data flows through the financial systems to the accounting function in order to identify issues and take action to address them.
Continually assesses the business value and efficiency of the work performed, making suggestions for improvements and collaborating with others in implementing them.
Leads or actively participates in increasingly complex department projects, M&A activities as well as continuous improvement activities.
Ensure team’s compliance with all regulations, policies, and procedures.
Drive high performance and accountability for superior results and employee engagement. Provide staff with timely, candid and constructive performance feedback; develop employees to their fullest potential and provide challenging opportunities that enhance employee career growth; recognize and reward employees for accomplishments.
Education, Experience and Skills:
Bachelor's degree in Accounting, CPA and/or graduate degree preferred
7-12 years of accounting experience or progressively challenging experi ence within an accounting function, financial services preferred
Excellent computer skills -- especially in complex Excel functions to quickly be able to analyze data
Effective written and oral communication skills
Demonstrates the ability to understand and interpret complex accounting issues and processes and to recommend actions to ensure integrity of financial systems and compliance with GAAP.
Works and communicates effectively with management and staff throughout the organization
Demonstrates project management skills with proven success at managing projects to completion with limited supervision
The estimated base salary range for this position is $165,000 USD to $200,000 USD. Actual salary may vary up or down depending on job-related factors which may include knowledge, skills, experience, and location. In addition, this position is eligible for incentive compensation.
#LI-JW1
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.
Salary : $200,000
