Senior Accounting Manager - Commercial Credit

Truist Bank•Charlotte, NC

4d•Onsite

About The Position

The position involves performing a variety of more complex accounting and reporting activities. This includes the development, design, implementation, and ongoing management of assigned accounting and reporting processes. The role provides training and guidance on understanding, recording, and reporting 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, adhering to GAAP, management, and regulatory requirements. A key aspect of the 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, reviewing, and approving journal entries and monitoring assigned account activity to ensure accurate recording of financial transactions in accordance with GAAP and internal accounting policies.
Ensuring that supporting documentation is maintained.
Reviewing and approving reconciliations for assigned general ledger accounts in accordance with corporate reconcilement policies and standards.
Researching and resolving items as necessary.
Designing, implementing, and documenting more complex accounting and reporting process workflows and controls for assigned accounts and subsidiary accounting systems, including reconcilement and monitoring processes and controls.
Effectively implementing control refinements as products, processes, GAAP, regulatory reporting requirements, or corporate policies change.
Designing, preparing, 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.
Ensuring prompt remediation of any issues identified.
Ensuring the submission of required schedules, reports, or filings for assigned areas of responsibility to the designated reviewer, department, or regulatory authority in a timely and accurate manner.
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, as well as specialized product, expense, volume, variance, valuation, system use, account activity, or trend information for management reports or regulatory filings.