Managing Director, Accounting - Corporate Functions
Charlotte Staffing, Charlotte, North Carolina, United States, 28245
Managing Director, Accounting Corporate Functions
The Managing Director, Accounting Corporate Functions will complement the Wholesale, Consumer, Deposits and Payments, Treasury, and Technology, Data, and Operations controllers to lead controllership duties for Corporate Functions, comprising Corporate Treasury accounting (including investments, derivatives, and hedge accounting) and accounting for functions including banked owned / bank leased corporate assets, prepaid assets, and intangible assets. This controller will demonstrate a comprehensive understanding of accounting principles for these topics and will master operational processes such that transactions are recorded completely, accurately, and timely. S/he will effectively collaborate, communicate, and provide expert advice to various constituencies, including his or her counterpart in the CFO organization, businesses, peer controllers, internal and external reporting teams, and risk and governance functions, among others. Essential Duties And Responsibilities
Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time. Effectively collaborate, communicate and provide expert advice on a broad range of highly complex accounting and financial reporting issues to various constituencies on a concurrent basis, including the Board of Directors, Executive Leadership, the BU CFO organization, other members of the Senior Leadership Team, external auditors, and regulatory agencies. Provide leadership, talent development, mentoring and training for the BU and Functional Controllers to improve their own technical and accounting expertise, review and approve work of all assigned BU and Functional Controllers. Foster a team environment that promotes diversity and inclusion broadly across the organization. Oversee all accounting responsibilities for the supported BUs and/or functional units. Responsibilities include management of the monthly financial statement close, ensuring timely and accurate posting of all journal entries and accounting adjustments, including those related to complex transactions, and ensuring required account reconciliations are completed on a timely basis. Review and provide feedback on the earnings release, SEC Forms 10-K and 10-Q, FDIC Call Report, Federal Reserve Y-9C and Pillar 3 disclosures to ensure that the documents effectively communicate with stakeholders, while appropriately reflecting Truist's financial position and results of operations in compliance with GAAP and regulatory requirements. Provide expert advice on the accounting for highly complex transactions and GAAP and regulatory reporting requirements for all assigned lines of business and functions, ensuring compliance with GAAP and regulatory requirements. Ensure the design and implementation of adequate processes and controls to comply with relevant GAAP and to prevent significant deficiencies and material weaknesses in internal control over financial reporting and to prevent or detect financial reporting fraud. Closely monitor the standard setting process of the Financial Accounting Standards Board ("FASB,") United States Securities and Exchange Commission ("SEC,") the Federal Deposit Insurance Corporation ("FDIC,") the Federal Reserve Board ("FRB") and various state regulatory agencies to ensure that all relevant proposed changes to GAAP and other reporting requirements are understood. Represent Truist in various banking organizations via active participation in periodic meetings and committees. Use industry contacts to assess accounting standard and regulatory reporting implementation efforts. Participate in peer-bank accounting policy forums and industry professional organizations to discuss and influence significant accounting policy issues for the banking industry. Comment on proposed new accounting standards and regulatory reporting rulemaking, including in conjunction with relevant industry associations, advocating on behalf of Truist and, where applicable, the broader banking industry. Qualifications
Required Qualifications: Bachelor's degree in Accounting, Finance, Business Administration or equivalent education and related training Certified Public Accountant (CPA) designation; strong technical accounting knowledge Fifteen years of relevant accounting or accounting policy experience; twelve years of leadership and supervisory experience Intelligent, strong and decisive leadership within an organization as a result of high integrity, intellectual clarity, and a passion for excellence; strong leadership abilities including proactive thinking and teamwork to drive the best business decisions Strong personal and professional ethics with impeccable integrity High energy level and strong work ethic to meet the demands of a fast paced, goal driven environment; results orientation, which includes meeting commitments, performance metrics, and targeted and required delivery dates Self-motivated with the ability to work without supervision; ability to work under difficult time constraints and manage multiple resources, priorities and projects Strong team orientation; eagerness to pitch in and help larger teams meet goals and responsibilities Excellent technical and research skills; excellent communication and presentation skills; excellent critical and conceptual thinking, problem solving ability and analytical skills; excellent interpersonal skills across internal and external organizational levels Demonstrated proficiency in computer applications, such as Microsoft Office software products, with an emphasis on spreadsheet, word processing and database software Preferred Qualifications: Masters or advanced degree in Business or Accountancy Prior experience working for a large, SEC-registered financial institution or senior manager-level public accountant with extensive bank experience General Description of Available Benefits for Eligible Employees of Truist Financial Corporation:
All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist's generous benefit plans, please visit our Benefits site. Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace.
The Managing Director, Accounting Corporate Functions will complement the Wholesale, Consumer, Deposits and Payments, Treasury, and Technology, Data, and Operations controllers to lead controllership duties for Corporate Functions, comprising Corporate Treasury accounting (including investments, derivatives, and hedge accounting) and accounting for functions including banked owned / bank leased corporate assets, prepaid assets, and intangible assets. This controller will demonstrate a comprehensive understanding of accounting principles for these topics and will master operational processes such that transactions are recorded completely, accurately, and timely. S/he will effectively collaborate, communicate, and provide expert advice to various constituencies, including his or her counterpart in the CFO organization, businesses, peer controllers, internal and external reporting teams, and risk and governance functions, among others. Essential Duties And Responsibilities
Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time. Effectively collaborate, communicate and provide expert advice on a broad range of highly complex accounting and financial reporting issues to various constituencies on a concurrent basis, including the Board of Directors, Executive Leadership, the BU CFO organization, other members of the Senior Leadership Team, external auditors, and regulatory agencies. Provide leadership, talent development, mentoring and training for the BU and Functional Controllers to improve their own technical and accounting expertise, review and approve work of all assigned BU and Functional Controllers. Foster a team environment that promotes diversity and inclusion broadly across the organization. Oversee all accounting responsibilities for the supported BUs and/or functional units. Responsibilities include management of the monthly financial statement close, ensuring timely and accurate posting of all journal entries and accounting adjustments, including those related to complex transactions, and ensuring required account reconciliations are completed on a timely basis. Review and provide feedback on the earnings release, SEC Forms 10-K and 10-Q, FDIC Call Report, Federal Reserve Y-9C and Pillar 3 disclosures to ensure that the documents effectively communicate with stakeholders, while appropriately reflecting Truist's financial position and results of operations in compliance with GAAP and regulatory requirements. Provide expert advice on the accounting for highly complex transactions and GAAP and regulatory reporting requirements for all assigned lines of business and functions, ensuring compliance with GAAP and regulatory requirements. Ensure the design and implementation of adequate processes and controls to comply with relevant GAAP and to prevent significant deficiencies and material weaknesses in internal control over financial reporting and to prevent or detect financial reporting fraud. Closely monitor the standard setting process of the Financial Accounting Standards Board ("FASB,") United States Securities and Exchange Commission ("SEC,") the Federal Deposit Insurance Corporation ("FDIC,") the Federal Reserve Board ("FRB") and various state regulatory agencies to ensure that all relevant proposed changes to GAAP and other reporting requirements are understood. Represent Truist in various banking organizations via active participation in periodic meetings and committees. Use industry contacts to assess accounting standard and regulatory reporting implementation efforts. Participate in peer-bank accounting policy forums and industry professional organizations to discuss and influence significant accounting policy issues for the banking industry. Comment on proposed new accounting standards and regulatory reporting rulemaking, including in conjunction with relevant industry associations, advocating on behalf of Truist and, where applicable, the broader banking industry. Qualifications
Required Qualifications: Bachelor's degree in Accounting, Finance, Business Administration or equivalent education and related training Certified Public Accountant (CPA) designation; strong technical accounting knowledge Fifteen years of relevant accounting or accounting policy experience; twelve years of leadership and supervisory experience Intelligent, strong and decisive leadership within an organization as a result of high integrity, intellectual clarity, and a passion for excellence; strong leadership abilities including proactive thinking and teamwork to drive the best business decisions Strong personal and professional ethics with impeccable integrity High energy level and strong work ethic to meet the demands of a fast paced, goal driven environment; results orientation, which includes meeting commitments, performance metrics, and targeted and required delivery dates Self-motivated with the ability to work without supervision; ability to work under difficult time constraints and manage multiple resources, priorities and projects Strong team orientation; eagerness to pitch in and help larger teams meet goals and responsibilities Excellent technical and research skills; excellent communication and presentation skills; excellent critical and conceptual thinking, problem solving ability and analytical skills; excellent interpersonal skills across internal and external organizational levels Demonstrated proficiency in computer applications, such as Microsoft Office software products, with an emphasis on spreadsheet, word processing and database software Preferred Qualifications: Masters or advanced degree in Business or Accountancy Prior experience working for a large, SEC-registered financial institution or senior manager-level public accountant with extensive bank experience General Description of Available Benefits for Eligible Employees of Truist Financial Corporation:
All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist's generous benefit plans, please visit our Benefits site. Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace.