Lowell Five
Assistant Controller
Lowell Five, Tewksbury, Massachusetts, us, 01876
ABOUT LOWELL FIVE
With nearly $1.7 billion in assets, over 200 employees and 15 banking center locations throughout the Merrimack Valley and Southern New Hampshire, Lowell Five is honored to play a vital role in the economic vitality of the region.We provide support of, and our employees are engaged in, a myriad of leadership roles for numerous community boards and organizations.We are proud of the longevity of our employees, and we are committed to finding new talent for our team.We offer career development and educational programs to support personal and professional growth along with a benefit package that supports each employee's best life.For more information, please visit www.lowellfive.com.
ESSENTIAL DUTIES AND RESPONSIBILITIES
ReportingAssists with the period-end closing process of the general ledger by compiling and processing related entriesEnsures fixed asset and other prepaid accounts are set up, amortized, and rolled forward monthly; verifies that all fixed asset back-up documentation is complete and accuratePrepares assigned internal and external regulatory reports, including but not limited to the quarterly FDIC Call ReportPrepares Forms 1099-NEC and 1099-MISCAides in monthly, quarterly, and yearly financial statement analyses to ensure accuracy and compliance with GAAP, FDIC, and all other standards, procedures, regulations, and internal controlsOperations
Monitors general ledger balance sheet accounts daily for usual or incorrect postingsAssists with maintenance to the general ledger chart of accounts and interface tableReviews reconciliations performed by staff accountants or other departments within the Bank; identifies, researches and resolves issues requiring explanationOversees the Bank's corporate credit card programPartners with the Controller to utilize accounting systems to meet the informational needs of the Bank, such as budgeting, data warehouse, profitability etc.; resolves system issues with software providers as necessaryEvaluates effectiveness of existing Bank procedures cross-functionally; focuses on process improvement and creating efficiencies, develops and implements modifications and enhancements as needed across departmentsAssists with the preparation of the quarterly allowance for credit loss calculationCompliance
Supports internal and external audits as well as state and federal regulatory inspections; provides information to auditors, regulators, senior management, and other members of Bank as requestedCompletes annual reviews related to vendor and system access for critical accounting systemsProvides technical advice and guidance to staff accountantsPlease note this job description is not designed to cover a comprehensive listing of activities, duties, or responsibilities that are required of the employee for this job.Duties, responsibilities, and activities may change over time.
REQUIREMENTS
BA/BS in Accounting, Finance, Business Administration or related field3-5 years of accounting and banking experience preferred, including strong knowledge of US GAAPDetail-oriented, analytical with the ability to provide solutions to complex problemsOrganized, ability to multi-task, and work effectively under time constraints; adaptable to changing needsStrong verbal and written communication skillsAbility to build and maintain relationships, team playerProficient with Microsoft Office, including ExcelExperience with Fiserv DNA and Prologue preferred
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)
With nearly $1.7 billion in assets, over 200 employees and 15 banking center locations throughout the Merrimack Valley and Southern New Hampshire, Lowell Five is honored to play a vital role in the economic vitality of the region.We provide support of, and our employees are engaged in, a myriad of leadership roles for numerous community boards and organizations.We are proud of the longevity of our employees, and we are committed to finding new talent for our team.We offer career development and educational programs to support personal and professional growth along with a benefit package that supports each employee's best life.For more information, please visit www.lowellfive.com.
ESSENTIAL DUTIES AND RESPONSIBILITIES
ReportingAssists with the period-end closing process of the general ledger by compiling and processing related entriesEnsures fixed asset and other prepaid accounts are set up, amortized, and rolled forward monthly; verifies that all fixed asset back-up documentation is complete and accuratePrepares assigned internal and external regulatory reports, including but not limited to the quarterly FDIC Call ReportPrepares Forms 1099-NEC and 1099-MISCAides in monthly, quarterly, and yearly financial statement analyses to ensure accuracy and compliance with GAAP, FDIC, and all other standards, procedures, regulations, and internal controlsOperations
Monitors general ledger balance sheet accounts daily for usual or incorrect postingsAssists with maintenance to the general ledger chart of accounts and interface tableReviews reconciliations performed by staff accountants or other departments within the Bank; identifies, researches and resolves issues requiring explanationOversees the Bank's corporate credit card programPartners with the Controller to utilize accounting systems to meet the informational needs of the Bank, such as budgeting, data warehouse, profitability etc.; resolves system issues with software providers as necessaryEvaluates effectiveness of existing Bank procedures cross-functionally; focuses on process improvement and creating efficiencies, develops and implements modifications and enhancements as needed across departmentsAssists with the preparation of the quarterly allowance for credit loss calculationCompliance
Supports internal and external audits as well as state and federal regulatory inspections; provides information to auditors, regulators, senior management, and other members of Bank as requestedCompletes annual reviews related to vendor and system access for critical accounting systemsProvides technical advice and guidance to staff accountantsPlease note this job description is not designed to cover a comprehensive listing of activities, duties, or responsibilities that are required of the employee for this job.Duties, responsibilities, and activities may change over time.
REQUIREMENTS
BA/BS in Accounting, Finance, Business Administration or related field3-5 years of accounting and banking experience preferred, including strong knowledge of US GAAPDetail-oriented, analytical with the ability to provide solutions to complex problemsOrganized, ability to multi-task, and work effectively under time constraints; adaptable to changing needsStrong verbal and written communication skillsAbility to build and maintain relationships, team playerProficient with Microsoft Office, including ExcelExperience with Fiserv DNA and Prologue preferred
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)