The Director of Accounting will be responsible for managing the preparation and filing of all regulatory and Bank Holding Company reports, including FR Y-6, FR Y-9, periodic Bank Holding Company financial statements and other required disclosures. This role will collaborate closely with various departments to ensure accurate and timely reporting, while also monitoring changes in regulations and best practices.
PRINCIPLE DUTIES AND RESPONSIBILITIES
- Oversees the preparation, review, and submission of all regulatory filings, ensuring compliance with relevant regulations and deadlines.
- Collaborates with the Accounting team to ensure the accuracy and completeness of financial statements and footnote disclosures in accordance with GAAP and other industry guidelines.
- Performs all accounting activities for four non-bank subsidiaries of Bank Holding Company.
- Prepares annual benefit plan financial statements.
- Coordinates with external tax consultants for all federal and state tax work. Completes monthly tax provision estimates and entries. Prepares and submits quarterly tax payments to all jurisdictions.
- Stays updated on bank regulations, accounting standards, and industry best practices; implements necessary changes to reporting processes, as required.
- Owns lease accounting process in accordance with all accounting standards and requirements.
- Works closely with finance, legal, and investor relations teams to gather information and ensure that all reports accurately reflect the Banks financial position.
- Establishes and maintains effective internal controls over financial reporting to ensure accuracy and compliance.
- Serves as a contact for both internal and external auditors regarding reporting matters, providing necessary documentation and addressing inquiries.
- Provides guidance and training to finance and accounting staff on GAAP reporting requirements, industry developments, and best practices.
- Prepares materials for the Board of Directors and executive management, summarizing key reporting metrics and compliance updates.
- Performs other duties as assigned.
EDUCATION AND/OR EXPERIENCE
- Bachelors degree in Accounting, Finance, or related field, required.
- CPA designation, required.
- 7+ years experience in the banking or financial services industry, required.
KNOWLEDGE, SKILLS, AND ABILITIES
- In-depth knowledge of banking regulations and GAAP.
- Experience in financial reporting, with a strong emphasis on audited financial statement reporting in the banking or financial services industry.
- Strong analytical skills and attention to detail, with the ability to interpret complex financial data.
- Excellent communication and interpersonal skills, with the ability to work effectively across teams and with senior management.
- Proficiency in financial reporting software and systems.
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