SEC Reporting-Lead Financial Accountant

Career Developers•Manhattan, NY

7d•$125,000 - $135,000•Hybrid

About The Position

The SEC Reporting-Lead Financial Accountant supports external reporting, including the company’s SEC filings (10-Q and 10-K) and reports filed with bank regulators. The role researches technical accounting and reporting matters and may take on special projects assigned by the Manager or Senior Manager of Financial Reporting. It also plays a significant role in implementing a new trade accounting subledger. The position supports internal financial accounting, reporting, reconciliations, management reporting, and financial statements. It leads or contributes to system design and implementation, including configuration, integrations, and user acceptance testing for the trade accounting subledger. The role manages quarterly and annual SEC filings and supports financial statements and MD&A, reviews disclosures and XBRL tagging, monitors and implements FHFA reporting requirements, and leads annual Form 1042 filings with the IRS. It also maintains accounting policies and procedures in conformity with SOX requirements and oversees compliance with those policies. The Financial Accounting team handles daily, weekly, monthly, and quarterly accounting and reconciliations and reporting to the SEC and FHFA. The role is based in Manhattan, NY, with four days per week in the office. Compensation is $125,000–$135,000 plus a 10% bonus.

Requirements

Four to eight years of experience.
Bachelor’s degree in accounting.
Strong organizational, analytical, critical-thinking, and problem-solving skills.
Ability to balance multiple tasks and priorities.
Outstanding work ethic and sense of urgency.

Nice To Haves

Experience preferably including a mix of public and private experience in banking or financial services, with an emphasis on SEC reporting.
Big Four public accounting experience is a plus.
CPA preferred.
Credentials listed: CPA, CFA, Series 7.

Responsibilities

Support implementation of the new trade accounting subledger, including configuration, integrations with other bank applications, and UAT testing.
Support accounting reconciliations and reporting functionality for fixed income products, including mortgage loans.
Prepare quarterly Statements of Cash Flows for regulatory and SEC reporting.
Prepare quarterly variance analyses for senior management and research variances between trading subledgers and the general ledger.
Review and approve daily settlement-break summaries.
Sign off on controls governing DDA cash balances, the general ledger, the mortgage provider’s database, and in-house mortgage loan application proofs; follow up on and resolve exceptions promptly.
Review and approve monthly analysis of Real Estate Owned property to ensure activities are appropriately recorded in the general ledger.
Streamline the month-end account analysis process.
Design accounting and reporting specifications for systems and manage relationships with third-party vendors.
Prepare periodic management reports and financial statements.
Take a leadership role in system design and implementation projects related to financial reporting.
Manage quarterly and annual SEC filings, including 10-Q and 10-K filings, and compile supporting documentation.
Supervise production of financial statements and support for MD&A in 10-Q and 10-K filings.
Collaborate across departments to ensure proper accounting for fixed income trading products, including mortgage loans.
Research accounting and reporting issues, trends, and policies applicable to transactions and SEC filings.
Review 10-Q and 10-K disclosures for accuracy and initiate changes to streamline SEC reporting.
Manage preparation and accuracy of the Statement of Cash Flows.
Review and research vendor-prepared XBRL tagging for compliance with SEC guidelines and work with vendors to correct tagging errors.
Monitor, understand, and implement FHFA regulations and financial reporting requirements, ensuring compliance through reporting systems CRS and FRS.
Lead annual Form 1042 filings with the IRS.
Research new FASB accounting pronouncements and assist with implementing changes.
Prepare, maintain, and update accounting policies and procedures in conformity with SOX requirements.
Oversee Financial Accounting’s compliance with policies and procedures.
Work with internal stakeholders including Internal Audit, SOX, Legal, Corporate Real Estate, HR, Senior Management, Risk Management, Capital Markets, and Information Technology, and external stakeholders including FHFA examiners, external auditors, and the Office of Finance.