Manager, Corporate Controllership

Webster Bank - Stamford, CT

Full-time - Mid Level

Stamford, CT

Credit Intermediation and Related Activities

About the position

The Manager, Corporate Controllership at Webster is a pivotal role that combines accounting expertise with analytical skills to oversee a variety of accounting activities. This position is essential for ensuring the accuracy and timeliness of financial reporting, including P&L, balance sheet, and month-end close procedures. The Manager will leverage their understanding of U.S. GAAP to manage product-level accounting, reconciliations, analytics, and reporting activities. This role is not just about managing numbers; it involves improving processes, driving robust controls, and collaborating with various business units to implement new initiatives effectively. In this role, the Manager will provide critical management and support for various control functions, ensuring that all accounting entries and reconciliations are processed accurately and timely. They will be responsible for enhancing the effectiveness of the team by making necessary adjustments to current accounting and reporting processes. The Manager will also partner with the business to drive forth and implement robust controls and new business initiatives, ensuring that all financial activities align with the company's strategic goals. The position requires a proactive approach to problem-solving, as the Manager will need to coordinate across various front and back office support functions to resolve control and reporting issues. They will serve as an analytical and project support resource for product control, advising line of business and finance partners on accounting-related matters, including Current Expected Credit Losses (CECL) and the servicing of financial instruments. Additionally, the Manager will create complex financial statement schedules and audit support schedules, ensuring that all reports are completed in a timely manner. The role also involves establishing and documenting internal control procedures to guarantee accurate financial reporting. The Manager must understand how data flows through financial systems to identify issues and take corrective actions. Continuous assessment of the business value and efficiency of work performed is crucial, as is the ability to lead or participate in complex department projects and continuous improvement activities.

Responsibilities

• Provide critical management and support for various control functions ensuring accurate and timely P&L, balance sheet, and month-end close procedures
• Manage the processing, accounting entries, reconciliations, reporting, analysis, and documentation of assigned job areas within the controllership
• Improve the effectiveness of the team by making adjustments and/or enhancements to current accounting and reporting processes
• Partner with the business to drive forth and implement robust controls and new business initiatives
• Drive coordination across various front & back office support functions to ensure resolution of control and reporting issues in an accurate and timely manner
• Serve as an analytical and project support resource for product control
• Successfully partner with line of business and finance partners to advise on accounting related matters including Current Expected Credit Losses (CECL)
• Create increasingly complex financial statement schedules, audit support schedules and other reports in a timely manner
• Establish, document and perform internal control procedures to ensure accurate and timely financial reporting
• Understand how data flows through the financial systems to the accounting function in order to identify issues and take action to address them
• Continually assess the business value and efficiency of the work performed, making suggestions for improvements and collaborating with others in implementing them
• Lead or actively participate in increasingly complex department projects and continuous improvement activities

Requirements

• Bachelor's degree in Accounting, CPA and/or graduate degree preferred
• 5-8 years of accounting experience or progressively challenging experience within an accounting function, financial services preferred
• Ability to perform detailed variance review and financial analysis
• Excellent computer skills -- especially in complex Excel functions to quickly analyze data
• Effective written and oral communication skills
• Demonstrates the ability to understand and interpret complex accounting issues and processes and to recommend actions to ensure integrity of financial systems and compliance with GAAP
• Works and communicates effectively with management and staff throughout the organization
• Demonstrates project management skills with proven success at managing projects to completion with limited supervision

Benefits

• Incentive compensation based on performance
• Robust development opportunities for career growth