Apply on Employer Site

Berkshire Bank · 1 day ago

Financial Reporting Analyst - Boston, MA - 131 Clarendon St

Boston, MA

Full-time

Hybrid

Mid Level

$61K/yr - $101K/yr

Berkshire Bank is seeking a Financial Reporting Analyst to support the Financial Reporting team within the Company’s Corporate Finance and Accounting group. The role involves producing financial reports, preparing regulatory filings, and ensuring compliance with SEC and banking regulations.

BankingFinancial Services

Hiring Manager

Mark Estrada

Responsibilities

Produces internal monthly and quarterly financial management and board reporting packages:

Prepares Board Package, which cover financial information for the Company and each of the two bank subsidiaries. Financial information included in the Board Package includes balance sheet, income statement, budget-to-actual comparison, key financial ratios, yields and costs calculation, and rate-volume analysis

Coordinates GL data pull during monthly close to populate financial information. Processes data feeds from various departments for reporting purposes. Resolves errors and omissions. Identifies items for further analysis

Writes narrative analyses of monthly and quarterly financial results

Prepares schedules for the quarterly Press Release, 10-Q and annual 10-K for filing with the SEC

Uses knowledge from monthly Board Package to facilitate quarterly SEC disclosures and discussions. Ensures documents are consistent across all financial reporting deliverables, both internal and external

Assists with deliverables and ensures timely submission to facilitate internal and external audit work

Prepares bank regulatory reporting schedules, including but not limited to: Call Report, FRY9C, FRY9LP, FRY10, FRY8, FRY6, FR2900, and FR2644

Prepares daily management reports: Balance Sheet and Deposits

Assists GAAP/SEC/AICPA research and analysis under supervisor’s direction regarding new or revised financial reporting requirements and special reporting projects. Stays informed of SEC, SOx and regulatory changes, interpret those changes into reporting requirements and implements corporate-wide processes to gather and report the data

Interacts with departments outside of Corporate Finance and Accounting. Ensures information and work papers provided by other departments are properly reviewed and signed-off prior to incorporating into the Company’s financial reporting deliverables. Maintains tied-out schedules and work papers for reporting documentation

Looks for opportunities to improve current processes, and collaborates with others in the Financial Reporting Team in the execution of the process improvements

Assumes additional responsibilities as appropriate