Job Description

Date Active

Dec 17, 2021 11:49:37 AM

Requisition #

21-1605

Hours Per Week

40

Location

Two Stamford Plaza-FF773

City

Stamford

State

Connecticut

Job Description/ Requirements

Since 1935, Webster Bank has been helping individuals, families and businesses meet their financial goals. As a leading regional bank, Webster’s strong foundation is built on our core values of responsibility, respect, teamwork, trust, and commitment to our communities. Webster bankers remain our most valuable asset, and we pride ourselves on our diverse, equitable and inclusive work environment. Come join our team!

 

The VP of Accounting Policy is responsible for researching, maintaining and communicating accounting policies, and serves as a key technical accounting and research specialist at the organization. This individual will monitor and proactively play a leadership role, internally and externally, in new accounting standards and its impact on the organization. This person will play a critical role in reviewing SEC and other regulatory filings to ensure accurate and policy compliant filings.

 

He/she will also be an important business partner with deal teams and senior executives on new business transactions and other opportunities to ensure appropriate consideration of technical accounting ramifications and impact on the firm’s financial statements.

 

Moreover, this person will work with key stakeholders to ensure accounting process risks have been identified, assessed, and documented in accordance with SOX requirements.

 

Key Responsibilities:

  • Responsible for developing consistent and reliable accounting policies and procedures to prevent accounting risks from developing. Present new accounting policies and changes to the organization’s critical accounting policies to executive management as necessary.  
  • Assist / lead implementation efforts for new accounting standards.
  • Provide technical position papers, research, and memos for the organization in connection with significant non-routine transactions as well as any new products and services.
  • Monitor current accounting and regulatory developments and provide updates to senior management on the impact that new developments may have on the organization. 
  • Consult with business units and external auditors on technical accounting matters and the application and development of accounting policies. Ensure all new products and services are US GAAP complaint.
  • Assist with the preparation of certain financial reporting disclosures (MD&A and Footnotes) for completed transactions and work closely with the financial reporting team to support the filing of quarterly and annual SEC and bank regulatory reports to ensure appropriate disclosures are made in accordance with US GAAP and regulatory disclosure rules and requirements. 
  • Provide training to management and staff on accounting policies. 
  • Assist in representing the organization externally on matters affiliated with accounting policies by taking active part in industry-wide relationships and associated organizational meetings.

Education, Experience, Skills:

  • Bachelor's Degree in Accounting and CPA Preferred
  • Minimum of 5 years of accounting experience
  • Ability to effectively communicate with all levels of management.

Work Location can be Stamford, CT or Waterbury CT with expectation of periodic travel to alternate site(s)

 

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Application Instructions

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