Manager, Segment Profitability Accounting and Reporting

websteronline; Southington (CT); On-site; USD 97,000 - 105,000; Full time

Benefits offered by this job

Incentive compensation

Job summary

Webster Financial Corporation is seeking an experienced General Accounting and Reporting Lead to manage close processes, cross-functional reconciliations, and financial reporting for the Commercial Bank. The role emphasizes accuracy, SOX controls, and collaboration across teams.

The ideal candidate has a strong accounting background, Excel and Oracle EPM proficiency, and a track record in public or financial services accounting.

Qualifications

• Bachelor's degree in finance or accounting is required.
• CPA licensed or candidate preferred.
• Public accounting experience is beneficial.

Responsibilities

• Oversee monthly general ledger entries and reconciliations for GAAP reporting.
• Manage reconciliations and resolve variances with cross-functional teams.
• Direct account reconciliations and resolve outstanding items with operations and AP.
• Maintain general ledger system setup, cost centers, and hierarchy changes.
• Coordinate annual budgets' consolidation, submission, and reporting.
• Develop standardized monthly/quarterly reporting templates for cross teams.
• Ensure quality of system reports for internal, external, and regulatory needs.
• Oversee internal controls over core lines of business for SOX.

Skills

Attention to detail

Communication skills

Problem solving

Strategic thinking

Education

Bachelor's degree in finance or accounting

CPA licensed or CPA candidate

Minimum of four to seven years of accounting or auditing experience

Tools

Microsoft Excel

Oracle EPM

Job description

If you're looking for a meaningful career, you'll find it here at Webster. Founded in 1935, our focus has always been to put people first--doing whatever we can to help individuals, families, businesses and our colleagues achieve their financial goals. As a leading commercial bank, we remain passionate about serving our clients and supporting our communities. Integrity, Collaboration, Accountability, Agility, Respect, Excellence are Webster's values, these set us apart as a bank and as an employer.

Come join our team where you can expand your career potential, benefit from our robust development opportunities, and enjoy meaningful work!

The primary role of this position is to manage the General Accounting and Reporting functions within the Commercial Bank's Finance department. This involves managing the preparation of all closing journal entries, the research and resolution of associated account reconciliations items, the publication of monthly financial reporting packages, and the consolidation and submission of the long-range financial plan.

The candidate must possess a strong work ethic, established accounting and financial reporting experience, and an ability to manage cross functional business interactions necessary to prepare complex accounting entries. Additionally, the candidate must be details oriented and be motivated by success. The ideal candidate will have several years of experience in financial services, particularly in the Commercial banking space. It is also critical that this person is adapt at managing through rapidly changing and evolving priorities.

Responsibilities

• Oversee preparation and posting of monthly general ledger entries including expense accruals, prepaid deferrals and amortizations, and reclass entries to enable accurate segment profitability and GAAP reporting.
• Manage general ledger and sub-ledger reconciliations and reviews, ensuring variances are resolved in a timely manner in partnership with cross functional stakeholders to meet reporting deadlines.
• Direct account reconciliations efforts and lead research and resolution of outstanding reconciliation items in coordination with cross functional team members as necessary, including operations and accounts payable.
• Manage general ledger system maintenance, including account and cost center setup, hierarchy changes, and cost center closure as needed in coordination with accounting system owners.
• Manage consolidation, submission, and reporting of annual financial budgets.
• Develop standardization of monthly and quarterly financial reporting templates for cross team and business line leverage in monthly and quarterly reporting efforts.
• Collaborate with key stakeholders on the quality and correctness of system reports produced for internal, external, and regulatory reporting needs.
• Oversee effective internal controls over core lines of business accounting and reporting activities in support of Sarbanes Oxley compliance.

Educations, Skills & Experience

• Bachelor's degree in finance or accounting required.
• Minimum of four to seven years of applicable work experience in accounting or auditing.
• CPA licensed or CPA candidate preferred.
• At least 3 years of experience in public accounting preferred.
• Advanced knowledge of Microsoft Excel and Oracle EPM preferred.
• Strong attention to detail and the ability to work independently and prioritize tasks effectively.
• Excellent communication and interpersonal skills with the ability to interact effectively with all levels of the organization.
• Strong problem-solving skills and the ability to think strategically and innovatively.

The estimated base salary range for this position is $97,000 USD to $105,000 USD. Actual salary may vary up or down depending on job-related factors which may include knowledge, skills, experience, and location. In addition, this position is eligible for incentive compensation.

Webster Financial Corporation and its subsidiaries ('Webster') are equal opportunity employers that are committed to sustaining an inclusive environment. All qualified applicants will receive consideration for employment without regard to race, color, religion, age, marital status, national origin, ancestry, citizenship, sex, sexual orientation, gender identity and/or expression, physical or mental disability, protected veteran status, or any other characteristic protected by law.