Accounting Associate - Capital Markets

PNC Bank • Pittsburgh, PA

2d

About The Position

At PNC, our people are our greatest differentiator and competitive advantage in the markets we serve. We are all united in delivering the best experience for our customers. We work together each day to foster an inclusive workplace culture where all of our employees feel respected, valued and have an opportunity to contribute to the company’s success. As a Accounting Associate - Capital Markets within PNC's Finance and Capital Markets organization, you will be based in Pittsburgh, PA. In this role, you will provide support within the Broker-Dealer Accounting and FINOP team, including but not limited to: Assist with daily high-volume cash and balance sheet reconciliations (e.g, receivables, payables, and security fails), including exception review and resolution. Perform daily activities such as preparing journal entries, Net Capital computations, and treasury management review. Participate in month, quarter, and year-end close processes, including variance analysis, preparation of financial and regulatory reports, and required FINRA filings (e.g. FOCUS reports and 15c3-3 reserve formula computations). Support internal and external audits, regulatory examinations, and ad-hoc research around accounting, regulatory, and system matters. Contribute to process improvements and control enhancements related to financial, operational, and regulatory reporting. PNC will not provide sponsorship for employment visas or participate in STEM OPT for this position. Job Description Supports the organization's accounting activities, including financial record keeping and reporting. Prepares, analyzes, and maintains records of organization's financial activity in accordance with GAAP, organizational standards, and in compliance with Section 404 of the Sarbanes-Oxley Act. Creates and evaluates reports on financial performance for internal and external use. Interacts with all levels of an organization in determining content and summarizing data for management. Completes month-end, quarter-end, and year-end closing activities including the preparation and review of journal entries and appropriate audit work papers, and the reconciliation of accounts for such activities. These activities may relate to bank accounting, loans and investments, deposits, and tax, including preparing the appropriate audit work papers for such activities. Supports and assists junior accounting staff in the development of their professional skills. PNC Employees take pride in our reputation and to continue building upon that we expect our employees to be: Customer Focused - Knowledgeable of the values and practices that align customer needs and satisfaction as primary considerations in all business decisions and able to leverage that information in creating customized customer solutions. Managing Risk - Assessing and effectively managing all of the risks associated with their business objectives and activities to ensure they adhere to and support PNC's Enterprise Risk Management Framework.

Requirements

• Successful candidates must demonstrate appropriate knowledge, skills, and abilities for a role.
• Roles at this level typically require a university / college degree, with 2+ years of relevant professional experience.
• In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.

Nice To Haves

• Balance Sheets
• Decision Making
• Finance
• Financial Reporting and Analysis
• Generally Accepted Accounting Principles (GAAP)
• Management Reporting
• Tax Analysis

Responsibilities

• Assist with daily high-volume cash and balance sheet reconciliations (e.g, receivables, payables, and security fails), including exception review and resolution.
• Perform daily activities such as preparing journal entries, Net Capital computations, and treasury management review.
• Participate in month, quarter, and year-end close processes, including variance analysis, preparation of financial and regulatory reports, and required FINRA filings (e.g. FOCUS reports and 15c3-3 reserve formula computations).
• Support internal and external audits, regulatory examinations, and ad-hoc research around accounting, regulatory, and system matters.
• Contribute to process improvements and control enhancements related to financial, operational, and regulatory reporting.
• Supports the organization's accounting activities, including financial record keeping and reporting.
• Prepares, analyzes, and maintains records of organization's financial activity in accordance with GAAP, organizational standards, and in compliance with Section 404 of the Sarbanes-Oxley Act.
• Creates and evaluates reports on financial performance for internal and external use.
• Interacts with all levels of an organization in determining content and summarizing data for management.
• Completes month-end, quarter-end, and year-end closing activities including the preparation and review of journal entries and appropriate audit work papers, and the reconciliation of accounts for such activities.
• These activities may relate to bank accounting, loans and investments, deposits, and tax, including preparing the appropriate audit work papers for such activities.
• Supports and assists junior accounting staff in the development of their professional skills.

Benefits

• PNC offers a comprehensive range of benefits to help meet your needs now and in the future.
• Depending on your eligibility, options for full-time employees include: medical/prescription drug coverage (with a Health Savings Account feature), dental and vision options; employee and spouse/child life insurance; short and long-term disability protection; 401(k) with PNC match, pension and stock purchase plans; dependent care reimbursement account; back-up child/elder care; adoption, surrogacy, and doula reimbursement; educational assistance, including select programs fully paid; a robust wellness program with financial incentives.
• In addition, PNC generally provides the following paid time off, depending on your eligibility: maternity and/or parental leave; up to 11 paid holidays each year; 8 occasional absence days each year, unless otherwise required by law; between 15 to 25 vacation days each year, depending on career level; and years of service.
• To learn more about these and other programs, including benefits for full time and part-time employees, visit Your PNC Total Rewards .

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level