Assistant Controller
Company: Eastern Bank
Location: Lynn
Posted on: January 11, 2021
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Job Description:
The Assistant Controller working under the direction of the
Controller is responsible for complex accounting areas of the
Company in accordance with U.S. GAAP. This position will have
contact with senior-level employees which requires strong
interpersonal communication skills both written and verbal. This
position will work closely with the Company---s external and
internal auditors to ensure compliance with accounting standards
and Company policies. This position will work closely with the
Company---s Accounting Policy Director to implement procedures
related to new transactions and the adoption of new accounting
standards. This position will also work closely with the Financial
Reporting Manager to ensure the accounting practices provide the
necessary information required to make the proper financial
reporting disclosures. Ensuring compliance with U.S. GAAP requires
a great deal of decision making. This position is responsible for
understanding these requirements. Problem solving skills and
experience must be drawn upon as unforeseen issues and events
arise. 1. Perform technical accounting functions including: a.
Support mergers and acquisitions activity including due diligence
and preparation of purchase accounting entries b. Review of Eastern
Insurance Group purchase accounting activities c. Account for stock
options and other equity-based compensation d. Account for the
Company---s pension plans, including but not limited to ESOP &
defined benefit pension plan e. Account for equity method
investments f. Account for goodwill and intangible assets: i)
Annual goodwill impairment analysis including identification of
reporting unit ii) Assist with quarterly qualitative assessment of
impairment for goodwill and intangible asset iii) Quarterly
evaluation of remaining useful life of intangible asset g. Account
for the Company---s derivatives, including but not limited to
interest rate swaps and mortgage-banking derivatives h. Annual
evaluation of revenue recognition streams for proper accounting
treatment under ASC 606 i. Assist with the annual budgeting for
corporate-wide items j. Fund capital contributions for tax-credit
investments as necessary 2. Support month-end and year-end closing
activities a. Perform fluctuation analysis and other
month-end/year-end activities as needed 3. Work with the
Company---s external auditors Education and Experience Bachelor's
degree or higher in Accounting CPA with at least 3 years of public
accounting and/or corporate accounting experience Excellent
knowledge of U.S. GAAP is required Skills/Knowledge Strong
analytical and problem-solving skills Thorough understanding of
U.S. GAAP Strong communications, documentation and presentation
skills Proficiency in Microsoft Excel and Word is essential This
individual will report to the Controller. Job Grade:34 CB2
Keywords: Eastern Bank, Lynn , Assistant Controller, Accounting, Auditing , Lynn, Massachusetts
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