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Financial Analyst II

East Cambridge Savings Bank



East Cambridge Savings Bank’s Accounting Division is actively recruiting for a Financial Analyst II



Under the general direction of the Assistant Controller, provides a variety of financial data maintaining and updating corporate financial models and plans. Manages a variety of duties pertaining to the Bank’s financial reporting functions in accordance with established Bank policies, procedures and strategic goals.


We are looking for candidates with:

  • Bachelor’s degree in business, accounting or finance or equivalent through specialized coursework and training.
  • At least five years of experience in accounting or finance, banking preferred.
  • At least two years of experience with financial reporting and analysis which includes knowledge of generally accepted accounting principles (GAAP) in a banking environment
  • Experience with interest rate risk management and investment securities, preferred
  • Proficiency in Microsoft Word and Excel
  • Solid analytical, problem-solving, and organizational skills
  • Strong attention to detail accompanied by ability to manage large quantities of detailed information with high levels of accuracy
  • Good written and oral communication skills – can articulate clearly with all levels of employees
  • Demonstrated ability to work independently and meet deadlines


Essential Job Functions:

  • Assists with gathering data, analyzing, understanding and producing balance sheet and net interest income forecasts and related interest rate risk in an effort to meet profitability objectives. Coordinates the asset/liability modeling and generates various analyses in conjunction with external vendor.
  • Prepares reports required by external auditors, tax department advisors and agencies such as the Federal Reserve Bank, Depositors Insurance Fund, Massachusetts Banking Commissioner, Federal Deposit Insurance Company, and the Internal Revenue Service., timely and accurately. Assists with performing accounting and regulatory related research regarding various subject matters as needed.
  • Assists with month-end, quarter-end, and year-end close for assigned functional areas. Participates in budget process as needed. Researches and prepares variance analysis and explanations.
  • Assists with the preparation and development of the Bank’s operating and capital budgets. Analyzes the Bank’s operating budget on a monthly basis and provides reports to the Assistant Controller identifying areas for improvement.
  • Assists with the preparation of the quarterly Liquidity Stress Testing. Works with lending staff to coordinate credit stress testing analysis, as needed.
  • Analyzes current and past financial data and performance for the Bank in comparison to peer and reports findings to management. Analyzes pricing and yield components of loans, investment, deposit, and borrowings. Prepares and presents to management the monthly analysis of the Bank’s investment securities portfolio.
  • Performs profitability and other financial analyses for existing and proposed products, services, programs, and departments. Completes an analysis of any new brokers that will provide investment services to the Bank and completes an annual review of existing brokers.
  • Prepares the calculation of the monthly provision for credit losses and related Allowance for Credit Losses on Loans (“CECL”) work. Works closely with the lending staff to ensure timely and accurate information. Prepares a comprehensive quarterly report documenting the reasons for the provision and the related environmental impacts on the provision and overall allowance.
  • Develops and maintains effective controls, systems and procedures within scope of position.
  • Researches and analyzes Bank activities, reports on fiscal conditions, and recommends actions.
  • Keeps abreast of accounting, regulatory, tax, audit and industry developments. Assesses impact on accounting and financial management operations and participates in decisions regarding these developments.
  • Assists in developing reports to be used in the analysis and evaluation of potential acquisitions for East Cambridge Savings Bank and the Mutual Holding Company.
  • Generates various financial and regulatory reports pertaining to the Bank’s investment portfolio, overall budget and financial performance on a daily, monthly and quarterly basis. As needed, researches and extracts relevant information from various internal and external sources such as the Bank’s CPA firm.  Prepares quarterly preparation of the qualified collateral report for submission to the FHLB.



Contact our Human Resources Division or visit for more details and to apply.


Or submit your resume to:

Email: Fax: 617-252-6877 Phone: 617-354-7700


East Cambridge Savings Bank, Attn: Human Resources

344 Cambridge Street Cambridge, MA 02141


East Cambridge Savings Bank is an Equal Opportunity Employer/Veterans/Disabled