Senior Accountant - Regulatory Reporting

Washington Trust is seeking an experienced accounting professional to join its Corporate Financial Accounting and Reporting team. This position is primarily responsible for the preparation, analysis, and timely filing of regulatory reports, including the Consolidated Reports of Condition and Income (Call Report), Bank Holding Company regulatory filings, and other regulatory reporting requirements.

The successful candidate will serve as a key subject matter expert for regulatory reporting matters, and will play an important role in documenting, improving, and maintaining the Bank's regulatory reporting processes and controls.

Essential Duties and Responsibilities

Regulatory Reporting

• Prepare and file quarterly Call Reports and Bank Holding Company regulatory reports, ensuring accuracy and compliance with regulatory reporting requirements, within prescribed deadlines.
• Coordinate the regulatory reporting process and ensure timely completion of all supporting schedules and deliverables.
• Monitor evolving regulatory reporting requirements, assess their impact on the organization, and lead the implementation of required changes to processes, controls, systems, and regulatory reports.
• Research and interpret regulatory reporting instructions, accounting guidance, and regulatory pronouncements.
• Document reporting methodologies, assumptions, and conclusions supporting regulatory report preparation.
• Assist with responses to inquiries from regulatory agencies, internal auditors, and external auditors.

Analysis and Reconciliations

• Research, analyze, and prepare internal reports and reconciliations supporting regulatory reporting requirements.
• Perform detailed reconciliations between regulatory reports, the general ledger, and supporting systems.
• Investigate and resolve reporting variances and data quality issues.
• Analyze fluctuations in reported balances and prepare supporting commentary and explanations.
• Ensure reporting support is complete, accurate, and maintained in accordance with departmental procedures.

Accounting and Reporting Support

• Participate in accounting and reporting activities as assigned.
• Support the preparation of internal management reports and special analyses.

Process Improvement and Data Governance

• Identify opportunities to improve the efficiency, accuracy, and effectiveness of regulatory reporting processes.
• Partner with business lines, operations and MIS to enhance data quality and reporting capabilities.
• Enhance and maintain reporting procedures and internal controls.
• Lead automation initiatives and reporting enhancements designed to reduce manual processes and strengthen the control environment.
• Maintain comprehensive process documentation and facilitate knowledge transfer to support business continuity.

Qualifications

• Bachelor’s degree in accounting or finance, CPA preferred
• Minimum of 3-5 years of experience preparing FFIEC Call Reports and Bank Holding Company reports, including FR Y-series filings.
• Experience with regulatory reporting software and strong Excel-based analytical and reporting skills; familiarity with data analytics tools and reporting automation technologies, preferred.
• Experience researching and applying complex accounting and regulatory guidance.
• Strong understanding of bank accounting and financial statements.
• Strong analytical, organizational, and problem-solving skills.
• Excellent written and verbal communication skills.
• Ability to manage multiple priorities and meet strict regulatory filing deadlines.

Key Competencies

• Technical accounting and regulatory reporting expertise.
• Exceptional attention to detail and accuracy.
• Sound professional judgment and critical thinking.
• Ability to research and interpret complex guidance independently.
• Strong collaboration and relationship-building skills.
• Continuous improvement mindset with a focus on automation and process enhancement.
• Ability to work effectively with all levels of management.

Compensation: A good‑faith, reasonable estimate of the base salary range for this role is $140,000 to $180,000 per year and the actual offer will depend on factors such as experience, skills, training, certifications, and education.

This base salary reflects one component of our competitive compensation package. This position may be eligible for an annual bonus and includes a comprehensive benefits package.

Our employees enjoy a comprehensive benefits package, which includes health and welfare benefits, paid time-off, work-life program, and a 401(k) plan. We believe employees who are valued, recognized, rewarded and empowered, will achieve personal and professional growth. Apply today and find out why we have been voted one of the Best Places to Work in Rhode Island since 2011!

The Washington Trust Company, and each of its subsidiaries and affiliates are committed to providing equal employment opportunities to all employees and applicants as protected by state and/or federal law.