Assistant Controller

Company: Eastern Bank
Location: Lynn
Posted on: January 11, 2021

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