Job Description

The Accounting Policy Director directs Accounting Policy activities for the bank across the enterprise. This executive is responsible for developing and updating Accounting Policies and performing (and/or leading others in the performance of) highly complex technical, financial regulatory, accounting and reporting research and analysis and serves as a subject matter expert on GAAP and RAAP. This executive leads efforts to assess and communicate the impact of new accounting standards to management. The executive also advises management on the accounting implications of contemplated transactions and/or business decisions and represents company with accounting standard setters and industry groups, helping to influence the outcome of developing accounting and reporting guidance impacting the enterprise.

The primary role of the Accounting Director is to establishing accounting policy for the Company.

We are seeking an Accounting Policy Director to serve as the primary point of contact on accounting policy and serve to aid in the review and creation of external financial reporting matters for various business segments. This executive is responsible for developing and updating Accounting Policies and performing (and/or leading others in the performance of) highly complex technical, financial regulatory, accounting and reporting research and analysis and serves as a subject matter expert on GAAP and RAAP. The Accounting Director will work on issues of a diverse scope where analysis of the issue, business purpose and underlying economics will be crucial to evaluating the appropriate accounting treatment, and translating that information into disclosure and internal policies. Issues tend to be time sensitive, require extensive collaboration with internal accounting and finance staff and business partners, as well as other directors within the Accounting Policy and External Reporting team.

• Provide expert advice and accounting guidance for technical accounting issues related to:

• New accounting guidance issued by standard setters and regulatory agencies;
• Questions arising from Segment Controllers regarding application of the Company's accounting policies and U.S. GAAP to significant and unusual transactions; and
• Assessment of accounting and financial reporting effects of new business initiatives.
• Prepare and/or revise accounting policies and procedures to reflect new accounting pronouncements or guidance, to improve clarity or to respond to changing circumstances.
  • Communicate with Finance personnel regarding accounting changes, new accounting standards, technical accounting topics, and other related business and control issues.
  • Monitor and analyze emerging issues and proposed rule changes; prepare comment letters to regulatory agencies and assist in the implementation of new requirements across affected business areas.
  • Drafting sections of the Company's external financial reports (i.e., 10-K and 10-Qs), and collaborating with the Segment Finance and business personnel on disclosures of business activities, results, and drivers.
  • Aggregating and reviewing financial information provided by the Segments for disclosure in the Company's external financial reports.

Qualifications

• 8+ years of experience, which may include any of the following (or a combination of more than one):
  • Big 4 Public Accounting Firm with experience in the financial services industry with some time spent in a technical accounting advisory capacity (i.e., Capital Markets Advisory group);
  • Technical accounting group at a large financial services organization;
  • Regulatory agency or accounting standard setter (i.e., FASB, SEC); or
  • External Financial Reporting with a public company.
  • Bachelor's degree in Accounting
  • CPA
  • Strong financial aptitude and robust analytical skills
  • Excellent written and verbal communication skills

Preferred Skills

• Knowledge of Banking/Leasing Industry
• Familiarity with new pending FASB rules specifically CECL extremely helpful
• Familiarity with Webfilings and XBRL
  • Ability to work effectively with continuous change and short deadlines
  • Demonstrated business acumen, problem solving skills, intellectual maturity, and relationship management skills

If you'd like to learn more, please contact Barry van Roden 212-387-8171 for more information.

Job Tags

Similar Jobs