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Director of Financial Reporting - 8816

Accounting/FinancePosted 27 days 6 hours 29 minutes ago. Viewed: 44 times.

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Job Description: Commercial banking subsidiary of one the world’s leading financial services companies is looking for a Senior Financial Executive to report to the US CFO.Detailed Description:The Director of Financial Reporting has five critical areas of responsibility:• The design and preparation of the external and internal financial reporting including annual audited financial statements, Call Reports and Thrift Financial Reports, and board financial packages (FR 2900, etc). • Oversight and management of annual internal control self assessment of the two banks as required by the Federal Deposit Insurance Corporation Improvement Act and the Sarbanes Oxley Act. • Design and control of the banks’ chart of accounts and hierarchies used to facilitate meeting our reporting responsibilities.• Plan and direct technology development efforts to facilitate timely, reliable, and useful delivery of financial information. • Oversight of the US Bank Group’s account reconciliation and control processes and tools.The Director of Financial Reporting will also research reporting requirements for new bank products or resulting from new guidance. Working with the Corporate Accounting Policy Group, the Director of Financial Reporting will advise the US Banking Group’s CFO, and the individual bank CFO’s, on accounting and reporting matters relevant to the banks. The position also manages the Bank Group’s line of business reporting and analysis. The Director of Financial Reporting has a staff of seven to assist in achieving the group’s objectives in these areas of responsibility. In addition, the Director of Financial Reporting leverages the work of over 150 accountants across numerous legal entities and geographic areas in successfully achieving the group’s objectives.   QUALIFICATIONS Mandatory Minimum Qualifications - Must Have: • Bachelor’s degree and CPA certification are required. • Controller or Reporting Manager experience in a financial services company, or senior manager experience in public accounting serving financial services companies. • At least 12 years experience working in the financial services industry, or auditing financial services companies. • Strong knowledge of: o Technical accounting literature as it applies to banking activities, especially accounting for all aspects of loans, sales of financial instruments, accounting for investments and derivatives, securitizations accounting, and accounting for the allowance for loan and lease losses. o SEC and regulatory reporting requirements and practices of large insured depository institutions. o Key safety and soundness laws and regulations applicable to banks, especially those applicable to risk-based capital and qualified thrift lender requirements.o Bank operations, especially internal controls typical of complex banking organizations, as well as SOX and FDICIA internal control assessment and reporting requirements. o Applications of technology to bank accounting and reporting activities. • Ability to convey a clear course and sense of direction and understand the environment in which they operate. • Ability to work in a diverse team environment, build consensus, and enlist support across business lines in an advisory capacity. • Outstanding leadership and management skills with the ability to attract, develop, and mentor high caliber performers and to build and inspire a high performing organization. • Ability to work with a high energy level in an unstructured, fast-paced, and often ambiguous work environment, and navigate organizational structures with sensitivity and finesse. • Results driven, ensuring short-term team goals are achieved that support long-term organizational goals with an appropriate sense of urgency. • Excellent presentation and communication skills. • Strong analytical skills focused on problem solving and process improvement. • Innovative and creative thinking required to develop solutions to myriad challenges and situations. • Positive influencing skills, both verbally and through preparation of written materials.   Education: Bachelors   Certifications: None   Licenses: None


Industry: Financial Services
Discipline: Corp Fin & Strat Planning
Experience: 15+ Years
Level: Director
Compensation: $300K+
Company: Global Financial Services Company

Contact information

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