Senior Accountant

The Vanguard Group•Malvern, PA

32d•Hybrid

About The Position

The Corporate Senior Accountant Specialist will be part of a highly skilled and dynamic team that performs all of the accounting and regulatory reporting functions for Vanguard Marketing Corporation (VMC). VMC is a Vanguard legal entity which is a registered broker-dealer and provides brokerage services as a self-clearing broker-dealer under the name Vanguard Brokerage Services. VMC also provides marketing and distribution services for the Vanguard funds. Responsibilities: Completes the month end close for the VMC entity. Enters journal entries which include revenue and expense accruals and other entries needed. Prepares Balance Sheet, Income Statement, and a Net Capital calculation for monthly FOCUS reporting to FINRA, a key Broker-Dealer regulator. Conducts monthly meetings with the Financial Operations Principal (FINOP) to review preliminary FOCUS filing data. Prepares the weekly Customer Reserve calculation in accordance with SEC rule 15c3-3 and oversees deposits into and withdrawals from the Customer Reserve bank account in order to properly protect customer assets. Creates quarterly financial statements and prepares a quarterly certification package consisting of full financials, footnotes, and executive summaries of the balance sheet and income statement. Completes VMC account reconciliations in accordance with established deadlines. Identifying reconciling items and proposes plan for resolution. Compiling and organizes all required supporting documentation. Identifies and manages risk pertaining to accounting and regulatory reporting functions. Supports external audit team (PwC) during the annual financial statement audit. Provides support during annual regulatory audits with FINRA and the SEC. This position Works closely with Compliance, Legal, and other business partners to respond timely and accurately to all exam requests within tight deadlines. Participates in special projects and performs other duties as assigned.

Requirements

Undergraduate degree (in accounting or finance preferred).
Minimum 3 years' of related business experience.
Accounting experience preferred.
Strong skills in general ledger reconciliation, journal entry review, internal controls, financial reporting, and cost accounting.
Ability to independently resolve issues and lead improvements.
Broker Dealer reporting or Broker Dealer Operations preferred

Nice To Haves

CPA or MBA preferred or equivalent combination of training and experience.

Responsibilities

Completes the month end close for the VMC entity.
Enters journal entries which include revenue and expense accruals and other entries needed.
Prepares Balance Sheet, Income Statement, and a Net Capital calculation for monthly FOCUS reporting to FINRA, a key Broker-Dealer regulator.
Conducts monthly meetings with the Financial Operations Principal (FINOP) to review preliminary FOCUS filing data.
Prepares the weekly Customer Reserve calculation in accordance with SEC rule 15c3-3 and oversees deposits into and withdrawals from the Customer Reserve bank account in order to properly protect customer assets.
Creates quarterly financial statements and prepares a quarterly certification package consisting of full financials, footnotes, and executive summaries of the balance sheet and income statement.
Completes VMC account reconciliations in accordance with established deadlines.
Identifying reconciling items and proposes plan for resolution.
Compiling and organizes all required supporting documentation.
Identifies and manages risk pertaining to accounting and regulatory reporting functions.
Supports external audit team (PwC) during the annual financial statement audit.
Provides support during annual regulatory audits with FINRA and the SEC.
Works closely with Compliance, Legal, and other business partners to respond timely and accurately to all exam requests within tight deadlines.
Participates in special projects and performs other duties as assigned.