Senior Accountant

U.S. Bank • St. Louis, MO

1d • $81,515 - $95,900 • Hybrid

About The Position

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One. Job Description Maintains adequate accounting and control for various accounting functions. Maintains and reconciles general ledger and subsidiary ledger accounts. Prepares financial statements and reports. Maintains and develops automated accounting systems, controls, and procedures. Prepares and develops reports for management and/or for regulatory authorities. Responds to inquiries regarding accounting policies, procedures, and issues from management, external auditors, and regulatory authorities. Responsibilities include: Prepare journal entries and backup documentation. Entries include: GL Reclasses for revenues and expenses to appropriate business lines in the standalone trust companies. accruals/reversals for Advisory, Custodial, Management, and other Trust Fee revenue, Nonproprietary revenue, Fund Fee revenue, and Tax Fee Revenue. accruals/reversals for expenses such as Outside Data Processing, Publications & Subscriptions, Platform transition, and losses. Monitor Cash GL Accounts and Operating DDAs. Monitor Suspense accounts. Ensure items are accounted for completely and accurately. Participates in Accounting/Finance projects and initiatives for corporate, institutional, and personal trust. Prepares Month End Close files and supporting documents for Trust Companies. Identify and explain variance drivers; partner with Business Lines to understand the ebbs and flows of the Trust business. Prepare/upload commissions data into compensation system and work with Finance, Compensation & Reporting to ensure commissions are forecasted, accrued, and paid. Prepare monthly insurance reports, settlement documents, and reserve for captive companies and supply to the Statutory Accounting Firm. Work with Statutory Accounting Firm and Registered Agent to ensure completion and filing of all annual reports and tax returns. Collaborate with Corporate Accounting, Trust Operations, Treasury, and Reporting partners to validate data quality and resolve issues. Communicate status, risks, and issues clearly and escalate appropriately when needed.

Requirements

• Bachelor's degree in accounting or finance, or equivalent work experience
• Five or more years of experience in financial accounting activities

Nice To Haves

• Proficient computer skills, especially Microsoft Office applications
• Considerable knowledge of Generally Accepted Accounting Principles (GAAP) and other regulations
• Considerable knowledge of accounting, reporting, and analysis
• Ability to identify and resolve exceptions and to analyze data
• CPA or CMA preferred

Responsibilities

• Prepare journal entries and backup documentation.
• Entries include: GL Reclasses for revenues and expenses to appropriate business lines in the standalone trust companies.
• accruals/reversals for Advisory, Custodial, Management, and other Trust Fee revenue, Nonproprietary revenue, Fund Fee revenue, and Tax Fee Revenue.
• accruals/reversals for expenses such as Outside Data Processing, Publications & Subscriptions, Platform transition, and losses.
• Monitor Cash GL Accounts and Operating DDAs.
• Monitor Suspense accounts.
• Ensure items are accounted for completely and accurately.
• Participates in Accounting/Finance projects and initiatives for corporate, institutional, and personal trust.
• Prepares Month End Close files and supporting documents for Trust Companies.
• Identify and explain variance drivers; partner with Business Lines to understand the ebbs and flows of the Trust business.
• Prepare/upload commissions data into compensation system and work with Finance, Compensation & Reporting to ensure commissions are forecasted, accrued, and paid.
• Prepare monthly insurance reports, settlement documents, and reserve for captive companies and supply to the Statutory Accounting Firm.
• Work with Statutory Accounting Firm and Registered Agent to ensure completion and filing of all annual reports and tax returns.
• Collaborate with Corporate Accounting, Trust Operations, Treasury, and Reporting partners to validate data quality and resolve issues.
• Communicate status, risks, and issues clearly and escalate appropriately when needed.

Benefits

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

What This Job Offers

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