Senior Accounting Manager - Commercial Credit

Truist•Charlotte, NC

5d•Onsite

About The Position

The Senior Accounting Manager - Commercial Credit position involves performing a variety of more complex accounting and reporting activities. This role includes the development, design, implementation, and ongoing management of assigned and more complex accounting and reporting processes. The position provides training and guidance regarding the understanding, recording, and reporting of complex accounting transactions. The Senior Accounting Manager will oversee the accurate and timely compilation and submission of accounting-related reports and filings for their area of responsibility, ensuring compliance with generally accepted accounting principles (GAAP), management, and regulatory requirements. A key aspect of this role is maintaining appropriate internal controls over financial reporting in accordance with the SOX framework and internal policies and standards.

Requirements

Bachelor’s degree in accounting, finance or business administration or equivalent education and related training
Seven years of relevant accounting experience
Good interpersonal skills across organizational levels
Excellent verbal and written communication and presentation skills
Strong analytical, problem solving and decision-making skills
Demonstrated organizational and leadership skills
Ability to prioritize effectively and meet critical deadlines
Ability to work independently and as a productive member of a team
Demonstrated proficiency in computer applications, such as Microsoft Office products, with an emphasis in spreadsheets, word processing and database software
Strong foundation in GAAP concepts

Nice To Haves

Professional designation as a CPA or CMA
Master’s degree in accounting, finance or business administration
Public accounting or regulatory experience specific to area of responsibility
Seven years of financial services accounting experience

Responsibilities

Properly classifying more complex accounting transactions and identifying and explaining general ledger account variances.
Preparing, or reviewing and approving, journal entries and monitoring assigned account activity to ensure accurate recording of Truist’s financial transactions in accordance with GAAP and internal accounting policies, ensuring supporting documentation is maintained.
Reviewing and approving reconciliations for assigned general ledger accounts in accordance with corporate reconcilement policies and standards, and researching and resolving items as necessary, ensuring adequate supporting documentation is maintained.
Designing, implementing, and documenting more complex accounting and reporting process workflows and controls for assigned accounts and subsidiary accounting systems (which may include spreadsheets, databases or applications), including reconcilement and monitoring processes and controls.
Effectively implementing control refinements as products, processes, GAAP, regulatory reporting requirements or corporate policies change.
Designing, preparing or reviewing, submitting and interpreting reports related to financial performance, internal control compliance, budget or forecast variances, etc. for assigned areas of responsibility.
Maintaining a strong knowledge of GAAP and regulatory reporting requirements applicable to assigned areas of responsibility.
Maintaining or updating existing accounting policies or standards related to areas of responsibility.
Reviewing and updating policies and procedures for compliance with governmental regulations and corporate policies and standards.
Developing new accounting processes and procedures as needed.
Assisting in the review of assumptions and calculations employed in significant financial models for consistency with GAAP, industry regulations and corporate policies and standards.
Ensuring that changes to models and assumptions are tested and implemented in conformity with corporate policies and standards.
Ensuring that responses to auditor/examination requests for information are complete and accurate, collaborating with Accounting Policy for external and regulatory requests.
Ensuring prompt remediation of any issues identified.
Ensuring the timely and accurate submission of required schedules, reports or filings for assigned areas of responsibility to designated reviewer, department or regulatory authority.
Monitoring internal and regulatory alerts for changes to filing requirements and deadlines.
Working with assigned line of business operations, administration, data center, and/or IT support to ensure complete and accurate data capture, categorization and summary of transactional and period-end information for management, regulatory, and financial reports and supporting schedules, and specialized product, expense, volume, variance, valuation, system use, account activity or trend information for management reports or regulatory filings.