Manager, Segment Profitability Accounting and Reporting

About the role

Founded in 1935, Webster is a leading commercial bank focused on helping individuals, families, businesses, and communities achieve their financial goals. Our values—Integrity, Collaboration, Accountability, Agility, Respect, and Excellence—set us apart as both a bank and an employer. This position manages the General Accounting and Reporting functions within the Commercial Bank’s Finance department, including closing journal entries, account reconciliations, financial reporting, and long-range financial planning.

The ideal candidate will have a strong work ethic, established accounting and financial reporting experience, and the ability to manage cross-functional interactions to prepare complex accounting entries. This role requires attention to detail and adaptability to rapidly changing priorities.

Responsibilities

• Oversee preparation and posting of monthly general ledger entries, including expense accruals, prepaid deferrals, amortizations, and reclass entries to ensure accurate segment profitability and GAAP reporting.
• Manage general ledger and sub-ledger reconciliations, ensuring variances are resolved in a timely manner in partnership with cross-functional stakeholders to meet reporting deadlines.
• Direct account reconciliation efforts and lead research and resolution of outstanding reconciliation items in coordination with cross-functional teams, including operations and accounts payable.
• Manage general ledger system maintenance, including account and cost center setup, hierarchy changes, and cost center closure in coordination with accounting system owners.
• Oversee consolidation, submission, and reporting of the annual financial budget.
• Develop standardized monthly and quarterly financial reporting templates for cross-team and business line leverage.
• Collaborate with key stakeholders on the quality and correctness of system reports 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.

Requirements

• 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 ability to work independently while prioritizing tasks effectively.
• Excellent communication and interpersonal skills, with the ability to interact effectively at all organizational levels.
• Strong problem-solving skills and the ability to think strategically and innovatively.

Pay

The estimated base salary range for this position is $97,000 USD to $105,000 USD. Actual salary may vary based on job-related factors, including knowledge, skills, experience, and location. This position is also eligible for incentive compensation.