VP Chief Accounting Officer

Company: HarborOne Bank
Location: Brockton
Posted on: September 16, 2020

Job Description:

VP Chief Accounting Officer in Brockton, Massachusetts | Careers at HarborOne Bank Skip Branding VP Chief Accounting Officer in Brockton, Massachusetts | Careers at HarborOne Bank Skip to Main Content Please Enable Cookies to Continue Please enable cookies in your browser to experience all the personalized features of this site, including the ability to apply for a job. Welcome page Returning Candidate? Log in! VP Chief Accounting Officer Job Location US-MA-Brockton Job ID 2020-2647 Position Type Officer Full-Time Department Finance [006000] Overview Reporting directly to the Chief Financial Officer, this professional will provide leadership, management, and direction for the Accounting Department. The CAO will ensure the Bank and its subsidiaries remain in compliance with GAAP, SEC rules/regulations, other federal and state regulations/statutes, and applicable internal Bank policies/procedures. The CAO will oversee a well-controlled and efficient Accounting process. This will include compliance with SOX; the proper disclosure of required financial, operational, and management information; and the control and safeguarding of the Bank's assets.

Responsibilities Include the following. Other duties may be assigned.

Key Priorities:

Enhance the Accounting infrastructure to support an increasingly complex legal and financial structure required for continued profitable growth. This will include the updating and documenting of Accounting processes and procedures.

Foster learning and sharing of industry best practices to help develop team members while maintaining a strong control environment.

Ensure systems are utilized to their fullest potential. This will include the implementation of a new financial reporting package (i.e. General Ledger system for Accounts Payable and Fixed Asset reporting) and the enhanced use of data.

Collaborate with Risk Management to effectively implement CECL.

Management/Leadership:

Lead/manage a team of professionals, including VP – Controller.

Attract and develop talent in order to maintain effective staff expertise to accomplish corporate objectives. Conduct periodic performance reviews. Coach, mentor, and provide advice and counsel to promote individual development and unit proficiency.

Promote a collaborative, team-oriented environment of learning and sharing of best practices.

Promote effective communications among department employees and between Bank departments, customers, and vendors.

Serve as a member of the Risk and Loan Loss Committees.

Accounting/Financial Reporting :

Direct the timely, efficient, and accurate preparation, analysis, and disclosure of financial information for the Holding Company, the Bank, and subsidiaries (including the mortgage company). This includes the monthly and annual financial statements, management overviews, Tax returns, Call Reports, SEC filings, and other regulatory requirements for management, the Board, auditors, regulators, the SEC, and the investor community.

Ensure appropriate application of GAAP and accounting regulations adopted by state and federal regulatory agencies to all Accounting and Financial reporting matters.

Ensure the Accounting team consistently delivers financial information and analysis that supports the managerial decision process and fulfills legal requirements.

Present relevant information and trends that impact the Bank’s financial results and are accurate, concise, insightful, and “tell the story.”

Assist with ongoing monthly data generation and report production. Direct the preparation of financial reporting packages and presentations for management, the Board of Directors, Board Committees, and Investors.

Enhance Board and Investor Relations reporting packages and dashboard reports that focus on shareholder value-oriented metrics and data.

Lead technical Accounting support for strategic initiatives and non-routine transactions.

Financial/Analytical/Data Analysis:

Evaluate appropriate analytic tools to assess the Bank’s performance against internal strategic objectives, peer groups, and regulatory standards.

Stay current on financial reform issues that affect banks. Remain ahead of the curve and be proactive about what is on the horizon that the Bank should act upon.

Regulatory/External Relationships:

Serve as the financial liaison with regulatory authorities (i.e. FDIC, SEC, Federal, State, etc.), external auditors, and tax advisors.

Assist with the internal and external audit function. Coordinate and collaborate with external auditors in the planning and preparation of year-end financial reports and statements.

Keep informed of developments in banking/finance through attendance of industry meetings, conferences, and participation in association activities.

Controls, Compliance, and Regulatory Policies :

Stay abreast of all regulations and rules of supervisory and regulatory agencies pertaining to the Accounting function. This includes FDIC guidelines and other regulations to ensure the Organization’s Accounting procedures and documentation comply with GAAP, applicable laws, regulations, Accounting standards, and internal policies.

Research and interpret new Accounting regulatory pronouncements. Determine their impact on the Organization and work collaboratively to develop, update, document, and implement new Accounting policies/procedures, as required.

Educate Management, the Board of Directors, and staff on emerging Accounting issues and their impact on the business and processes.

Oversee the FDICIA program, Accounting for Problem Loans and Loan Loss Reserve, and the calculation of the monthly loan loss reserve.

Participate in quarterly Loan Review meetings with the Lending and Credit Department

Provide Accounting guidance in the treatment of non-accrual, impaired, trouble-debt restructures, and real estate owned, if/when needed.

Develop Accounting procedures for new products and services in compliance with new regulations. Communicate all financial and procedure changes affecting the Bank.

Ensure staff completes all relevant compliance training and have an understanding of procedures related to their position.

Systems/Process Improvement:

Maintain a very strong control environment and oversee the documentation of the Bank’s systems of internal control.

Ensure the integrity of the financial information systems and drive efficiencies.

Ensure the Accounting systems are appropriate for the Bank’s size and complexity.

Drive innovation and identify system capabilities to ensure the Company’s financial functions make the most efficient use of its people, processes, and technology.

Partner with the CFO to drive strategic initiatives and improve processes, tools, and resource allocation to optimize the efficiency of the Accounting organization.

Assist with Financial and Accounting integrations/conversions.

Continue to enhance COSO internal control process to include increased management involvement and improved Board reporting.

Enhance and support Enterprise Risk Management process relative to establishing and monitoring key metrics and Board reporting.

Collaborate with the department, and other functional areas, related to SOX, budgeting, and forecasting processes.

Taxes :

Provide technical guidance for establishing the Bank’s tax position, tax planning, and the filing of all tax returns.

Work with external tax advisors in the preparation of Company tax returns.

Ensure that all federal and state tax reports and forms are prepared and filed on a timely basis and that all related payments are made timely.

Oversee the team that prepares quarterly tax estimates, tax withholding filings, and federal and state tax accruals.

Qualifications To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

An experienced financial executive with a demonstrated performance record in proactively and creatively managing an Accounting organization.

Financial analysis/analytical skills including core GAAP accounting and SEC reporting.

Financial Services experience is preferred. Public company experience is required.

Exposure to/experience with Tax would be highly valued preferred.

Proven leadership, organizational, communication, and interpersonal skills. A track record of managing a professional staff and promoting operational efficiency.

HarborOne Bank is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, marital status, national origin, disability status, protected veteran status, or any other characteristic protected by law.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

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Keywords: HarborOne Bank, Brockton , VP Chief Accounting Officer, Other , Brockton, Massachusetts