Accounting Manager I

Eastern Bank • Wakefield, MA

5d

About The Position

The Accounting Manager I will be responsible for administering and directing all steps necessary to maintain a constructive working environment which will allow the department to continually develop and achieve consistent operating efficiencies. Completes staff evaluation(s). On the job training and outside formal training will be provided in order to ensure this candidate has a firm understanding of the technical knowledge required.

Requirements

• A Bachelor of Science Degree in Accounting or equivalent work experience is required.
• Supervisory experience is required.
• Proficiency in Microsoft Excel and Word is essential.
• Ability to explain concepts and delegate responsibilities effectively.
• Strong communication and inter-personal skills.

Nice To Haves

• Banking industry experience is preferred.
• Previous work with Oracle Fusion is preferred but not required.

Responsibilities

• Manage day-to-day accounting operations:
• Oversee general ledger staff and accounts payable staff
• Making employment decisions, reviewing performance, and making salary recommendations.
• Assigning work, providing training, guidance and advice to subordinates when necessary.
• Resolving personnel problems, including disciplinary action and termination.
• Review and approve journal entries, invoice batches, ACH payment batches, and other work prepared by accounting operations staff
• Post journal entries upon review of completeness by comparing detailed journal entry listing to the Oracle posting screen
• Tie in General Ledger account combinations, using discernment to know when a combination should not be valid.
• Develop useful metrics to monitor department activities and volumes.
• Coordinate the monthly close of the Accounts Payable and General Ledger systems. Perform and supervise month-end and year-end accruals.
• Assist with month-end closing procedures:
• Record and accrete dealer flat fees.
• Updating and Maintaining of Chart of Accounts.
• True up of certain accruals including:
• Janitorial Services
• Electrical Services
• Security
• NYCE Interchange Fee Income
• Off-BS credit exposure reserve
• Other
• Work with VP, Accounting Operations Manager to coordinate testing and implementation of system enhancements and upgrades.
• Maintain policies, procedures and standards for the group that ensure a strong control environment and periodically test the controls to ensure adherence.
• Ensure department compliance with applicable tax laws including, but not limited to, Use tax, 1099-MISC and 1042 reporting. Coordinate periodic reporting and filing.
• Assist auditors with General Ledger and Accounts Payable inquiries.
• This position will need to make accounting and operational decisions with regards to day-to-day general ledger and accounts payable functions under the direction of the Accounting Operations Manager. Problem solving skills and experience must be drawn upon as unforeseen issues and events arise.

Benefits

• comprehensive compensation plans
• benefits program called Total Rewards that includes medical, dental, vision, life and disability insurance, retirement, vacation and tuition reimbursement

What This Job Offers

• Job Type: Full-time
• Career Level: Manager