Assistant Controller

  • Competitive
  • Boston, MA, USA
  • Permanent, Full time
  • Welch & Forbes
  • 16 Aug 17

Reporting to the Chief Financial Officer, the Assistant Controller is responsible for all corporate accounting functions, including financial reporting to both Welch & Forbes management and their corporate parent, Affiliated Managers Group, Inc. (AMG). This position is charged with ensuring technical compliance with all appropriate accounting standards and reporting regulations. These responsibilities require the ability to work effectively with employees of the business and AMG, outside auditors, and the company’s financial institutions, as required.


  1. Manages and performs a variety of corporate accounting functions to support the business.  Ensures that financial transactions are made accurately and promptly to company records. Interacts with appropriate parties to resolve items.  Research, create and maintain appropriate schedules suitable for appropriate corporate accounting requirements.
  2. Participates in appropriate functions utilized firm wide for corporate accounting functions to support the business.  Develops and maintains appropriate management reporting tools to meet business needs
  3. Evaluates and recommends alternative operational work flows and processes suitable for the corporate accounting process.  Installs, modifies, documents, and coordinates implementation of accounting systems and accounting control procedures
  4. Hands-on responsibility for all aspects of the day-to-day financial management of the company including:
  5. Owns all aspects of the general ledger, including revenue recognition, accounts receivable, expense recognition, accounts payable, and bank reconciliations
  6. Prepares journal entries for entry into the general ledger system by collecting necessary data, analyzing and/or allocating costs and preparing audit trail support for the journal entries.
  7. Analyzes general ledger accounts for accuracy; reviews accrual accounts to ensure proper accruals.
  8. Prepares internal financial statements and other reports to summarize and interpret current and projected company financial position for management and AMG.
  9. Manages the production of the annual budget and forecasts
  10. Coordinates various regulatory financial reporting and filings with Chief Compliance Officer, the SEC, and other regulators as required
  11. Assists with vendor contract management
  12. Ability to independently research and evaluate complex accounting transactions and issues to determine proper accounting treatment and disclosure is essential. Responsible for the implementation of new accounting standards, and disclosures of such standards, as they are released.
  13. Manages relationship with external accounting firm. Coordinates all aspects of external audit including provision of information, preparation of financial statements, review with management, preparation of tax schedules and review of completed tax returns.
  14. Acts as the interface between the trust operations and financial side of the business.
  15. Assumes additional responsibilities, as requested.

Qualifications and Skills:

Knowledge & Skill Set Requirements:

A strong knowledge of US GAAP accounting regulations, corporate accounting policies and internal controls with an unquestioned integrity in the application of such standards. Applies that knowledge to improve the function of the company. Relies on experience and judgment to plan and accomplish goals. 

Ability to work at different levels of detail and be able to concisely summarize complex issues. Strong analytic skills with the ability to communicate financial data to various members of the firm.

Good organization skills and strong sense of client service.  Good interpersonal skills with a positive attitude and approach. Seeks personal technical and industry knowledge and promotes personal development and that of others within the finance department. It will be important to have a demeanor and personality that will fit in the corporate culture.

Education & Experience Requirements:

Bachelor’s degree (BA or BS) degree in Accounting, Finance or equivalent is required. A CPA is preferred.  Candidates should have a minimum of 5 years of hands-on experience working as a Senior Staff Accountant, Corporate Accountant or Assistant Controller in a small to mid-sized company.

Previous experience working for a financial services or trust company is a plus. Hands-on management, knowledge, and utilization of a variety of corporate accounting systems including Quick Books and other related corporate and operational system applications are essential. Knowledge of trust accounting and the AddVantage trust accounting system preferred. Proficient computer skills utilizing Microsoft Office Suite is a must.