Assistant Controller- Trust
Assistant Controller- Trust
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$ 120000 - 140000
1 Vacancy
Job Description
Amalgamated Bank seeks a dedicated Assistant Controller for Trust at Amalgamated Bank serves a pivotal role in ensuring the financial integrity regulatory compliance and operational efficiency of the banks Trust operations. This position is designed to bridge the gap between the Trust Department and the broader financial management framework of the bank ensuring that Trust activities and revenue are accurately reflected in financial statements and strategic decision making including the budgeting process. The Assistant Controller within Trust will ensure that all fiduciary responsibilities are met with the highest standards of professionalism and ethical conduct. Other responsibilities include ensuring integrity accuracy and timeliness of financial statements and business projections both revenue and expense; provide technical expertise on significant accounting issues; monitor and strengthen internal controls and related documentation; ensure policy compliance. This is a hybrid role reporting onsite to our NYC headquarters 3 days a week.
By joining our team youll be joining a Bank that believes that maintaining a diverse and inclusive workplace where everyone feels valued and respected is essential for us to grow as a company. We are dedicated to building a more equitable world in our everyday practices by embracing the values of our employees and customers
Essential Job Functions:
- Oversee the preparation and review of financial statements captions for trust operations ensuring accuracy and compliance with GAAP and regulatory requirements.
- Oversee the Trust Departments billing and revenue processes to ensure accurate business line reporting and projections.
- Develop and implement robust internal controls to safeguard trust assets and ensure the integrity of financial reporting for trust operations.
- Collaborate with the Trust Operations group to ensure timely and accurate processing of trust transactions including income distributions principal disbursements and fee calculations.
- Monitor and analyze Trust financial performance providing insights and recommendations to senior management.
- Ensure compliance with all applicable laws and regulations including fiduciary responsibilities and trustspecific requirements.
- Assist in the development and implementation of policies and procedures to enhance operational efficiency and effectiveness.
- Participate in the annual audit processes coordinating with external and internal auditors and addressing any findings or recommendations.
- Support the banks commitment to social responsibility by integrating sustainable practices into trust operations and promoting ethical decisionmaking.
- Serve as liaison between trust and finance.
- Participate in adhoc projects as necessary.
Knowledge Skills and Experience Requirements:
- Bachelors degree in Accounting Finance or a related field; CPA or equivalent certification and MBA preferred.
- Minimum of 710 years of experience in trust accounting financial reporting or a related field within the banking industry.
- Strong knowledge of GAAP regulatory requirements and fiduciary responsibilities.
- Proven experience in developing and implementing internal controls and process improvements.
- Excellent analytical problemsolving and decisionmaking skills.
- Excellent interpersonal and communication skills
- Proficiency in MS Excel and accounting software packages is desirable; Axiom preferred
- Exceptional communication and interpersonal skills with the ability to effectively interact with senior management auditors and regulatory agencies.
- Detailoriented and highly organized with the ability to manage multiple priorities and meet deadlines.
- Demonstrated commitment to social responsibility and ethical banking practices.
Our job titles may span more than one career level. The starting base salary for this role is between $120000.00 $140000.00. The actual base pay is dependent upon many factors such as: training transferrable skills work experience business needs and market demands. The base pay range is subject to change and may be modified in the future.
Amalgamated Bank is anEqual Opportunity and Affirmative Action Employer Minorities / Females / Individuals with Disability / Veterans.AmeriCorps Peace Corps and other national service alumni are encouraged to apply. View ourPay Transparency Statement. Submission of a resume or any information regarding your qualifications does not constitute a promise or offer of employment. At Amalgamated Bank we consider an applicant to be someone who has interviewed at least once in person with the hiring manager. Amalgamated Bank does not sponsor applicants for work visas.
Effective February 18 2025 employees in officebased positions will be working a Hybrid work schedule consisting of three days or more onsite per week Monday Thursday although the specific days may vary by site or organization with Friday designated as a remoteworking day unless business critical tasks require an onsite presence. This Hybrid work model does not apply to and daily inperson attendance is required for the contact center branch service roles and general services where the work to be performed is located at a Company site; positions covered by a collectivebargaining agreement (unless the agreement provides for hybrid work); or any other position for which the Company has determined the job requirements cannot be reasonably met working remotely. Please note this Hybrid work model guidance does not apply to roles that have been designated as remote.
Amalgamated Bank does not accept unsolicited assistance from search firms for employment opportunities. All CVs / resumes submitted by search firms to any employee at our company without a valid written search agreement in place for the position will be deemed the sole property of our company. No fee will be paid in the event a candidate is hired by our company as a result of an agency referral where no preexisting agreement is in place. Where agency agreements are in place introductions are position specific. Please no phone calls or emails.
Employment Type
Full Time
