Lowell Five: Assistant Controller (Full Time)
Full Time
Tewksbury, MA
POSITION SUMMARY
The Assistant Controller, reporting to the Controller at our Headquarters in Tewksbury, MA, will be
responsible for ensuring accuracy in data and reporting, and compliance with established accounting standards
and procedures. Responsibilities will include but are not limited to review of journal entries, reconciliation of
general ledger accounts and transactions, financial and regulatory reporting, maintenance of internal controls,
and support for internal and external audits.
ABOUT LOWELL FIVE
With nearly $1.7 billion in assets, over 200 employees and 15 banking center locations throughout the
Merrimack Valley and Southern New Hampshire, Lowell Five is honored to play a vital role in the economic
vitality of the region. We provide support of, and our employees are engaged in, a myriad of leadership roles
for numerous community boards and organizations. We are proud of the longevity of our employees, and we
are committed to finding new talent for our team. We offer career development and educational programs to
support personal and professional growth along with a benefit package that supports each employee’s best life.
For more information, please visit www.lowellfive.com.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Reporting
• Assists with the period-end closing process of the general ledger by compiling and processing related entries
• Ensures fixed asset and other prepaid accounts are set up, amortized, and rolled forward monthly; verifies
that all fixed asset back-up documentation is complete and accurate
• Prepares assigned internal and external regulatory reports, including but not limited to the quarterly FDIC
Call Report
• Prepares Forms 1099-NEC and 1099-MISC
• Aides in monthly, quarterly, and yearly financial statement analyses to ensure accuracy and compliance with
GAAP, FDIC, and all other standards, procedures, regulations, and internal controls
Operations
• Monitors general ledger balance sheet accounts daily for usual or incorrect postings
• Assists with maintenance to the general ledger chart of accounts and interface table
• Reviews reconciliations performed by staff accountants or other departments within the Bank; identifies,
researches and resolves issues requiring explanation
• Oversees the Bank’s corporate credit card program
• Partners with the Controller to utilize accounting systems to meet the informational needs of the Bank, such
as budgeting, data warehouse, profitability etc.; resolves system issues with software providers as necessary• Evaluates effectiveness of existing Bank procedures cross-functionally; focuses on process improvement
and creating efficiencies, develops and implements modifications and enhancements as needed across
departments
• Assists with the preparation of the quarterly allowance for credit loss calculation
Compliance
• Supports internal and external audits as well as state and federal regulatory inspections; provides
information to auditors, regulators, senior management, and other members of Bank as requested
• Completes annual reviews related to vendor and system access for critical accounting systems
• Provides technical advice and guidance to staff accountants
Please note this job description is not designed to cover a comprehensive listing of activities, duties, or
responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may
change over time.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential
functions.
REQUIREMENTS
• BA/BS in Accounting, Finance, Business Administration or related field
• 3-5 years of accounting and banking experience preferred, including strong knowledge of US GAAP
• Detail-oriented, analytical with the ability to provide solutions to complex problems
• Organized, ability to multi-task, and work effectively under time constraints; adaptable to changing needs
• Strong verbal and written communication skills
• Ability to build and maintain relationships, team player
• Proficient with Microsoft Office, including Excel
• Experience with Fiserv DNA and Prologue preferred
Equal Opportunity Employer / Protected Veterans / Individuals with Disabilities
All applicants can apply directly on our website – https://www.lowellfive.com/about/careers/