Senior Accountant - Regulatory Reporting
About The Position
Washington Trust is seeking an experienced accounting professional to join its Corporate Financial Accounting and Reporting team. The Senior Accountant is primarily responsible for preparing, analyzing, and timely filing regulatory reports, including Consolidated Reports of Condition and Income (Call Reports), Bank Holding Company regulatory filings, and other required reports. The role serves as a subject matter expert on regulatory reporting and helps document, improve, and maintain the Bank’s reporting processes and controls. The position also supports regulatory reporting analysis and reconciliations, accounting and internal reporting activities, and process improvement and data governance initiatives. It works with business lines, operations, and MIS to improve data quality and reporting capabilities, and leads automation and reporting enhancements to reduce manual work and strengthen controls.
Requirements
- Bachelor’s degree in accounting or finance.
- Minimum of 3–5 years of experience preparing FFIEC Call Reports and Bank Holding Company reports, including FR Y-series filings.
- Experience with regulatory reporting software.
- Strong Excel-based analytical and reporting skills.
- Experience researching and applying complex accounting and regulatory guidance.
- Strong understanding of bank accounting and financial statements.
- Strong analytical, organizational, and problem-solving skills.
- Excellent written and verbal communication skills.
- Ability to manage multiple priorities and meet strict regulatory filing deadlines.
- Exceptional attention to detail and accuracy.
- Sound professional judgment and critical thinking.
- Ability to research and interpret complex guidance independently.
- Strong collaboration and relationship-building skills.
- Ability to work effectively with all levels of management.
Nice To Haves
- CPA preferred.
- Familiarity with data analytics tools and reporting automation technologies preferred.
- Continuous improvement mindset with a focus on automation and process enhancement.
Responsibilities
- Prepare and file quarterly Call Reports and Bank Holding Company regulatory reports, including supporting schedules and deliverables, accurately and by required deadlines.
- Coordinate the regulatory reporting process and ensure timely completion of supporting schedules and deliverables.
- Monitor changes to regulatory reporting requirements, assess their impact, and lead implementation of required process, control, system, and report changes.
- Research and interpret regulatory reporting instructions, accounting guidance, and regulatory pronouncements.
- Document reporting methodologies, assumptions, and conclusions supporting regulatory report preparation.
- Assist with responses to inquiries from regulatory agencies, internal auditors, and external auditors.
- Prepare internal reports and reconciliations supporting regulatory reporting requirements.
- Reconcile regulatory reports with the general ledger and supporting systems; investigate and resolve variances and data quality issues.
- Analyze fluctuations in reported balances and prepare supporting commentary and explanations.
- Maintain complete and accurate reporting support in accordance with departmental procedures.
- Participate in accounting and reporting activities as assigned.
- Support preparation of internal management reports and special analyses.
- Identify opportunities to improve the efficiency, accuracy, and effectiveness of regulatory reporting processes.
- Partner with business lines, operations, and MIS to enhance data quality and reporting capabilities.
- Enhance and maintain reporting procedures and internal controls.
- Lead automation initiatives and reporting enhancements to reduce manual processes and strengthen the control environment.
- Maintain comprehensive process documentation and facilitate knowledge transfer to support business continuity.
Benefits
- Annual bonus eligibility.
- Comprehensive benefits package, including health and welfare benefits, paid time off, a work-life program, and a 401(k) plan.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
