Performs a variety of accounting and financial control functions in conformance with established Bank strategies, policies and procedures. Assists in the management of the accounting and finance functions within a mutual holding company corporate infrastructure
PRIMARY ACCOUNTABILITIES / RESPONSIBILITIES:
All managers of BankNewport are expected to support Bank wide efforts designed to understand, measure, monitor, reduce, control and report risk in the most efficient and cost-effective manner. Risk management includes but is not limited to compliance risk, credit risk, liquidity risk, market risk, operations risk and systems risk as well as attention to physical building safety and security.
Performs any functions necessary, within scope of authority and expertise, to provide the highest level of service and responsiveness to customers.
Supervision and development of two direct reports. Conducts periodic performance reviews. Provide training, advice, and guidance as needed.
Responsible for monthly financial report analysis, month-end and year-end close for the MHC, BankNewport, and OceanPoint Insurance. Prepares reports for senior management and Board of Directors.
Oversee general ledger accounting, fixed assets and accounts payables. Prepare, review and approve general ledger account entries and month end reconciliations.
Research and implement new and changes to FASB accounting standards and accounting control procedures.
Responsible for all general ledger maintenance: e.g., open new accounts, update custom reports, maintain interfaces.
Review of regulatory reporting, including but not limited to the weekly FR2900, quarterly Call Report and semiannual Y-9 report.
Responsible for creating or modifying internal controls and related policies/procedures and quarterly testing of the operating effectiveness of department’s key internal controls.
Liaison to internal and external auditors. Responsible for the preparation of annual audited financials.
Assists with preparing certain budget items (i.e. depreciation forecasts, prepaid/accrual forecasts, rent schedule).
Prepare ad-hoc reports by collecting, analyzing and summarizing information and trends
Prepare quarterly and year-end tax accrual analysis for external tax advisor.
Assists with the documentation of procedures and policies within the accounting department.
Assists with system conversions.
Serves on various BankNewport committees.
Performs related and unrelated duties as may be required.
Direct Reports: 2
Establishes own work plan and performs work independently within scope of established guideline and practices. Generally refers specifics problems to manager were clarification of policies and procedures is needed.
BANKNEWPORT CORE VALUES:
We celebrate individuality
We empower employees to be creative problem solvers
We invest and take the time to really get to know our customers
We commit to serving the financial needs of Rhode Islander’s
Any physical demands or work conditions described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
OceanPoint and BankNewport are committed to a policy of Equal Employment Opportunity and will not discriminate against an applicant or employee on the basis of race, color, religion, creed, national origin or ancestry, sex, age, physical or mental disability, veteran or military status, genetic information, sexual orientation, gender identity or expression, pregnancy, childbirth or related medical conditions, military service, marital status, or any other legally recognized protected basis under federal, state or local laws, regulations or ordinances.
No third party recruiting agency solicitations
Bachelors Degree in Accounting or Finance. Seven to ten years related experience with a minimum of three years in a bank accounting management position. Knowledge of various financial accounting systems and software applications. Good communications, organizational and analytical skills. Problem solving and reasoning skills are essential. Must observe confidentiality, handle multiple concurrent tasks and deal with interruptions. Able to use various office equipment including computer terminal.
BankNewport has enjoyed tremendous growth since first opening our doors in 1819. Yes, that’s almost 200 years ago, and through it all, we have remained true to a core set of values, which includes a strong commitment to BankNewport employees. BankNewport careers are rewarding as well as challenging. By giving BankNewport employees the resources and guidance to develop the careers of their dreams, we will continue to grow together.