Controller

POSITION: CONTROLLER

Summary:

At Cambridge Savings Bank, our purpose is to have a positive impact on our customers, employees, and community's financial well-being. We are committed to exceeding expectations and having a strong commitment to diversity and inclusion. Our Controller will provide leadership and management for the
Accounting department, including compliance with regulatory agencies and FDICIA
internal controls. Oversee and manage the Current Expected Credit Loss ("CECL")
model through credit risk analysis and computation along with maintaining the
software systems supporting the calculations and analysis. Manage the financial
reporting function of the bank and oversee a variety of complex operational
accounting functions relating to the Bank's general ledger and sub-systems. Develop,
recommend and/or execute strategies to improve process efficiencies and reduce
costs. Manage relationship with tax consultants and outside auditors.

Key Result Areas:

• Manage the Accounting team and activities to ensure optimum efficiency and service. Advise team members in their respective functions and areas of responsibility. Assume responsibility for the sound record keeping of the Holding Company, the Bank and its subsidiaries consistent with generally accepted accounting principles and regulatory requirements.
• Effectively partner with outside auditors, tax consultants and regulatory agencies related to key controls and procedures. Examples include regulatory reports (FDIC, DIF, etc.), Annual Report of Financial Statements, tax filings, outside audit work papers.
• Responsible for all processes, documentation, data and reporting needs required to maintain CECL compliance while continuing to develop and maintain a successful CECL model and its components.
• Maintain and update all FDICIA related controls, tests and documentation, ensuring compliance of same. Maintain operating procedures and policies for the Finance Department.
• Serve as a financial project contributor, coordinator or leader as assigned by the CFO to effectively partner with direct department managers, senior management or executive management to successfully achieve project goals.
• Maintain the accounting systems, ensuring proper use and operating efficiencies, including ongoing coordination with software provider for updates and system upgrades.
• Oversee the Disaster Recovery plan for the Accounting department, ensuring that the policy is updated on a regular basis and those employees are familiar with the Bank's overall recovery plan.

• Assist the SVP/CFO with analyzing and recommending improvements for business units of the Bank, developing financial solutions to business challenges, including providing and implementing strategies for product pricing, expense control, capital management, etc.

• Perform additional duties as required.

Qualifications:

• BS in Accounting, Master's degree would be a plus.
• Certified Public Accountant designation.
• Minimum of 7 years' experience in a senior level accounting position
  in the banking industry.
• Banking experience requirement may include audit work in the banking industry performed at a public accounting firm.
• Minimum of 7 years' experience in a supervisory capacity.
• Working knowledge of accounting theory and principles.
• Excellent communication and interpersonal skills.
• Excellent computer skills.

The above description covers the most significant major responsibilities but does not exclude other occasional responsibilities and accountabilities the inclusion of which would be in conformity with the major purpose of this job.

Location:

Waltham, Massachusetts

About Cambridge Savings Bank:

Cambridge Savings Bank is a full-service banking institution with $7 billion in assets. As a mutual bank, CSB is committed to improving the quality of life of our employees, customers, and the communities we serve. One of the oldest and largest community banks in Massachusetts, Cambridge Savings Bank offers a full line of individual and business banking services across a robust Massachusetts-based branch network and through digital banking solutions for commercial, small business and consumer customers. To learn more about how we can meet your needs, visit us at cambridgesavings.com, or better yet, come meet us to help you make the most out of your banking relationship.

Cambridge Savings Bank is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law. We are a VEVRAA Federal Contractor.