Senior Accountant - Regulatory Reporting

The Washington Trust Company; Westerly (RI); On-site; USD 140,000 - 180,000; Full time

Job summary

The Washington Trust Company is seeking an experienced accounting professional to join its Corporate Financial Accounting and Reporting team in Rhode Island. The role focuses on regulatory reporting, including FFIEC Call Reports and Bank Holding Company filings, with emphasis on accuracy, documentation, and timely submissions.

The candidate will serve as a subject matter expert for regulatory reporting, help document and improve processes, and support internal and external audits.

Qualifications

• Bachelor's degree in accounting or finance; CPA preferred.
• 3–5 years of experience preparing FFIEC Call Reports and Bank Holding Company reports.
• Experience with regulatory reporting software and Excel-based analytics.
• Strong understanding of accounting guidance and regulatory requirements.
• Experience communicating with regulators and auditors.

Responsibilities

• Prepare and file quarterly Call Reports and Bank Holding Company reports within deadlines.
• Coordinate regulatory reporting process and supporting schedules.
• Monitor evolving regulatory requirements and implement changes to processes.
• Research regulatory instructions and document methodologies.
• Assist with inquiries from regulators and auditors.
• Perform reconciliations between regulatory reports and general ledger.
• Support internal management reports and analyses.
• Lead process improvements and automation to strengthen controls.

Skills

Analytical skills

Regulatory reporting expertise

Attention to detail

Communication skills

Education

Bachelor's degree in accounting or finance

CPA preferred

Tools

Regulatory reporting software

Excel

Data analytics tools

Reporting automation technologies

Job description

Washington Trust is seeking an experienced accounting professional to join its Corporate Financial Accounting and Reporting team. This position is primarily responsible for the preparation, analysis, and timely filing of regulatory reports, including the Consolidated Reports of Condition and Income (Call Report), Bank Holding Company regulatory filings, and other regulatory reporting requirements.

The successful candidate will serve as a key subject matter expert for regulatory reporting matters, and will play an important role in documenting, improving, and maintaining the Bank's regulatory reporting processes and controls.

Essential Duties and Responsibilities

Regulatory Reporting

• Prepare and file quarterly Call Reports and Bank Holding Company regulatory reports, ensuring accuracy and compliance with regulatory reporting requirements, within prescribed deadlines.
• Coordinate the regulatory reporting process and ensure timely completion of all supporting schedules and deliverables.
• Monitor evolving regulatory reporting requirements, assess their impact on the organization, and lead the implementation of required changes to processes, controls, systems, and regulatory reports.
• Research and interpret regulatory reporting instructions, accounting guidance, and regulatory pronouncements.
• Document reporting methodologies, assumptions, and conclusions supporting regulatory report preparation.
• Assist with responses to inquiries from regulatory agencies, internal auditors, and external auditors.

Analysis and Reconciliations

• Research, analyze, and prepare internal reports and reconciliations supporting regulatory reporting requirements.
• Perform detailed reconciliations between regulatory reports, the general ledger, and supporting systems.
• Investigate and resolve reporting variances and data quality issues.
• Analyze fluctuations in reported balances and prepare supporting commentary and explanations.
• Ensure reporting support is complete, accurate, and maintained in accordance with departmental procedures.

Accounting and Reporting Support

• Participate in accounting and reporting activities as assigned.
• Support the preparation of internal management reports and special analyses.

Process Improvement and Data Governance

• Identify opportunities to improve the efficiency, accuracy, and effectiveness of regulatory reporting processes.
• Partner with business lines, operations and MIS to enhance data quality and reporting capabilities.
• Enhance and maintain reporting procedures and internal controls.
• Lead automation initiatives and reporting enhancements designed to reduce manual processes and strengthen the control environment.
• Maintain comprehensive process documentation and facilitate knowledge transfer to support business continuity.

Qualifications

• Bachelor’s degree in accounting or finance, CPA preferred
• Minimum of 3-5 years of experience preparing FFIEC Call Reports and Bank Holding Company reports, including FR Y-series filings.
• Experience with regulatory reporting software and strong Excel-based analytical and reporting skills; familiarity with data analytics tools and reporting automation technologies, preferred.
• Experience researching and applying complex accounting and regulatory guidance.
• Strong understanding of bank accounting and financial statements.
• Strong analytical, organizational, and problem-solving skills.
• Excellent written and verbal communication skills.
• Ability to manage multiple priorities and meet strict regulatory filing deadlines.

Key Competencies

• Technical accounting and regulatory reporting expertise.
• Exceptional attention to detail and accuracy.
• Sound professional judgment and critical thinking.
• Ability to research and interpret complex guidance independently.
• Strong collaboration and relationship-building skills.
• Continuous improvement mindset with a focus on automation and process enhancement.
• Ability to work effectively with all levels of management.

Compensation: A good‑faith, reasonable estimate of the base salary range for this role is $140,000 to $180,000 per year and the actual offer will depend on factors such as experience, skills, training, certifications, and education.

This base salary reflects one component of our competitive compensation package. This position may be eligible for an annual bonus and includes a comprehensive benefits package.