Financial Reporting Accountant

Cambridge Savings Bank; Waltham (MA); Hybrid; USD 85,000 - 110,000; Full time

Benefits offered by this job

Healthcare benefits

401(k) plan with match

Flexible time off

Performance bonus opportunities

Job summary

Cambridge Savings Bank is seeking a Financial Reporting Accountant to support investments, regulatory reporting, and internal financial reporting. The role focuses on producing monthly statements and coordinating with external regulators, while ensuring accurate intercompany eliminations and year-end audit support.

The position requires a Bachelor's degree in Accounting or Finance and 3+ years of related experience, with strong Excel and analytical skills.

Qualifications

• Bachelor's Degree in Accounting or Finance required.
• 3+ years related experience.
• Ability to work independently and in a team environment; multi-task, organize and prioritize.
• Exceptional attention to detail and problem-solving skills.
• Strong initiative, oral and written communication, and interpersonal skills.
• Strong computer skills including proficient in use of Excel and MS Office, and ability to learn new digital platforms.

Responsibilities

• Contribute to the production of monthly financial reports including income statements, balance sheets, monthly yield analysis and key ratios for presentation to senior management and board of directors for the Bank and Holding Company reporting.
• Prepare quarterly and other periodic reports and schedules for external regulatory agencies including the FDIC, Federal Reserve Bank and the Depositors Insurance Fund.
• Responsible for reconcilement of assigned General Ledger accounts and the subsequent follow-up of all items to ensure timely resolution, for subsidiary companies.
• Process monthly intercompany balance sheet and income statement eliminations and consolidation.
• Process month-end entries as assigned.
• Assist in the processing for investments (purchases, payments, sales, maturities, calls, etc.).
• Assist in the preparation of year end audited financial statements and supporting footnotes.
• Assists in compiling the financial statements for real estate subsidiaries and charitable foundation.
• Assists with the documentation of policies, procedures and FDICIA internal controls, as well as the identification of risks within the Finance Division.
• Participate in special projects related to financial reporting and investments.
• Perform additional duties as backup for department as required.
• Establish and maintain effective working relationships within Finance as well as other areas of the bank.
• Contribute to all bank and department initiatives as requested.

Skills

Attention to detail

Multi-tasking

Team collaboration

Time management

Excellent communication

Excel proficiency

MS Office

Education

Bachelor's Degree in Accounting or Finance

Tools

Excel

MS Office

Job description

POSITION: Financial Reporting Accountant

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. The Financial Reporting Accountant is responsible for a variety of accounting and finance functions related to investments, regulatory reporting, subsidiary and intercompany accounting and internal financial reporting.

Position 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. The Financial Reporting Accountant is responsible for a variety of accounting and finance functions related to investments, regulatory reporting, subsidiary and intercompany accounting and internal financial reporting.

Key Result Areas

• Contribute to the production of monthly financial reports including income statements, balance sheets, monthly yield analysis and key ratios for presentation to senior management and board of directors for the Bank and Holding Company reporting.
• Prepare quarterly and other periodic reports and schedules for external regulatory agencies including the FDIC, Federal Reserve Bank and the Depositors Insurance Fund.
• Responsible for reconcilement of assigned General Ledger accounts and the subsequent follow-up of all items to ensure timely resolution, for subsidiary companies.
• Process monthly intercompany balance sheet and income statement eliminations and consolidation.
• Process month-end entries as assigned.
• Assist in the processing for investments (purchases, payments, sales, maturities, calls, etc.).
• Assist in the preparation of year end audited financial statements and supporting footnotes.
• Assists in compiling the financial statements for real estate subsidiaries and charitable foundation.
• Assists with the documentation of policies, procedures and FDICIA internal controls, as well as the identification of risks within the Finance Division.
• Participate in special projects related to financial reporting and investments.
• Perform additional duties as backup for department as required.
• Establish and maintain effective working relationships within Finance as well as other areas of the bank.
• Contribute to all bank and department initiatives as requested.

Qualifications

• Bachelor's Degree in Accounting or Finance.
• 3+ years related experience
• Ability to work independently and in a team environment; multi-task, organize and prioritize.
• Exceptional attention to detail and problem-solving skills.
• Strong initiative, oral and written communication, and interpersonal skills.
• Strong computer skills including proficient in use of Excel and MS Office, and ability to learn new digital platforms.
• Ability to handle time deadlines and constraints, as well as confidential information in a professional manner.
• 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

Hybrid/ Waltham, MA

Salary Range

$85,000 - $110,000

The reasonably estimated salary for this role at Cambridge Savings Bank ranges from $85,000 - $110,000. Cambridge Saving Bank will determine actual compensation for the role based on factors including, but not limited to, the successful candidate's skills, qualifications, and experience. In addition, Cambridge Savings Bank offers a wide range of comprehensive and inclusive employee benefits for full-time roles including healthcare, parental planning, mental health benefits, performance bonus opportunities, a 401(k) plan and match, flexible time off, and others.

Employee Benefits

• healthcare, parental planning, mental health benefits, performance bonus opportunities, a 401(k) plan and match, flexible time off, and others.

Visa Sponsorship: Cambridge Savings Bank is unable to sponsor or take over sponsorship of an employment visa for this role at this time.

About Cambridge Savings Bank

Cambridge Savings Bank is a full‑service banking institution with over $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. In February 2025, Kroll Bond Rating Agency affirmed CSB's investment‑grade rating, reinforcing the bank's position as a reliable business lender 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. Member FDIC. Equal Housing Lender. NMLS # 543370.

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.