Manager, Corporate Reconciliations

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!

Under the direction of the Managing Director, Corporate Reconciliations, this key position will leverage accounting and analytical skills and understanding of U.S. GAAP to oversee various loan accounting activities including but not limited to loan product level accounting, loan reconcilements, analytics, and loan reporting activities. This position will collaborate with functional groups to support the banking centers, Loan Operations and Accounting Departments by managing the team’s specialized accounting duties and assigned day-to-day tasks. Embrace and deliver Webster Bank brand values in everyday interactions.

Key Responsibilities

• Provide critical management and support for various control functions ensuring accurate and timely P&L, balance sheet, and month-end close procedures

• Manages the processing, accounting entries, reconciliations, analysis and documentation of assigned job areas within the department

• Ensure timely clearing and resolution of unresolved items or differences and monitoring and escalation of aged items

• Improves the effectiveness of the team by making adjustments and/or enhancements to current accounting and/or reconciliation issues in an accurate and timely manner

• Oversees loan accounting functions of the monthly, quarterly, and annual book close cycles, monitoring timely completion and escalating issues for resolution

• Researches and applies accounting policy to business issues that arise

• Establishes, documents and performs internal control procedures to ensure accurate and timely reconciliations

• Understands how data flows through the financial systems to the accounting function in order to identify issues and take action to address them.

• Continually assesses the business value and efficiency of the work performed, making suggestions for improvements and collaborating with others in implementing them.

• Leads or actively participates in increasingly complex department projects and continuous improvement activities.

• Ensure team’s compliance with all regulations, policies, and procedures.

• Drive high performance and accountability for superior results and employee engagement.  Provide staff with timely, candid and constructive performance feedback; develop employees to their fullest potential and provide challenging opportunities that enhance employee career growth; recognize and reward employees for accomplishments.

Education, Experience and Skills

• 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

• Excellent computer skills -- especially in complex Excel functions to quickly be able to 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

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.