Management Reporting Director

Sumitomo Mitsui Banking Corporation•Charlotte, NC

3d•Hybrid

About The Position

The Director of Compensation Accounting at SMBC is a senior leadership role responsible for end-to-end ownership of accounting, reporting, controls, and governance over all personnel-related expenses (payroll, bonus, benefits, deferred compensation). This role leads a team within the Controller/Finance organization and partners closely with HR, Payroll, FP&A, and senior management to ensure accurate financial reporting, robust controls, and strategic insights into compensation costs.

Requirements

Bachelor’s degree in accounting, Finance, or related field.
10–15+ years’ experience in Compensation and/or Equity Based Accounting leadership, ideally within banking or financial services.
Knowledge of financial reporting, balance sheets and general accounting practices including U.S. GAAP and IFRS
Experience with financial statements including footnotes and working with external auditors
Experience with general ledger functions and the month-end/year close process
Strong analytic and problem- solving skills
Strong organizational skills, detail oriented with ability to manage multiple assignments concurrently
Strong communication and interpersonal skills
Extensive Excel experience required

Nice To Haves

Oracle Cloud GL and Alteryx knowledge a plus
CPA preferred

Responsibilities

Lead the Compensation Accounting function across SMBC Americas.
Oversee a team responsible for Payroll accounting, Bonus and incentive compensation accounting, Benefits and deferred compensation.
Set the vision, strategy, and operating model for compensation accounting.
Own the month-end, quarter-end, and year-end close for all personnel expense accounts.
Review and approve journal entries for payroll, bonus, and accruals.
Ensure financial statement disclosures related to compensation align with US GAAP / IFRS / J-GAAP requirements.
Oversee complex accrual methodologies, including Bonus pools and incentive plans, deferred compensation and retention awards.
Provide executive-level analytics on Compensation trends, Variance drivers vs. budget/forecast.
Partner with FP&A to ensure accurate forecasting of personnel costs.
Design, implement, and enhance internal controls framework over compensation accounting.
Ensure compliance with SOX controls, internal policies and global standards.
Oversee audit readiness and remediation of control deficiencies.
Ensure integrity of compensation-related balance sheet accounts, including Accrued payroll, bonus liabilities, benefits payables.
Review and challenge account reconciliations and aging items.
Serve as key point of contact for External auditors, Internal audit and Regulatory exams.
Oversee preparation of supporting schedules, disclosures and documentation.
Ensure adherence to regulatory expectations in a large global banking environment.
Drive automation and optimization across Payroll and HRIS integrations and General ledger systems.
Lead initiatives to standardize processes, improve data quality and reporting timeliness.
Leverage technology and advanced Excel / data tools to enhance efficiency.
Act as senior finance partner to HR / Compensation & Benefits, Payroll and Senior Finance leadership.
Provide insight into compensation strategy impacts on financials.
Support executive decision-making on compensation structures and cost optimization.