Job Description:
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities, and shareholders every day.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
Working at Bank of America will give you a great career with opportunities to learn, grow, and make an impact, along with the power to make a difference. Join us!
General Job Description:
Responsible for more complex finance activities involving regulatory reporting and accounting policy. Must have strong knowledge of the SEC reporting requirements and guidelines to maintain records. Prepares required financial reports. Supports achievement of business goals by working on more complex activities or projects with others within the unit and with partners. Leads projects and coordinates resources. May provide supervision to a small staff. Can manage partner relationships.
Line of Business Job Description:
The primary responsibility is developing and maintaining the company’s accounting policies and procedures for regulatory and financial reporting. This individual will research complex accounting transactions to ensure compliance with accounting and regulatory reporting. The person will network across the organization. Develop and maintain the accounting policy manual and communicate across the organization on accounting proposals, standards, regulations, and developments.
Responsibilities:
This role will partner with other Accounting Policy professionals to perform and document technical research and provide interpretive guidance on existing and emerging regulatory rules and accounting standards. Additionally, the role reviews new products and complex transactions for compliance with GAAP and regulatory reporting regulations. This role will also be expected to maintain advanced knowledge of GAAP, regulatory requirements, and lead in-house training sessions.
Required Qualifications:
- 3-5 years of experience and a distinguished record of performance as an accounting professional.
- Bachelor’s degree or equivalent work experience.
- Experience with Generally Accepted Accounting Principles (GAAP).
- Ability to understand and dissect complex transactions.
- Extensive experience and knowledge of US regulatory reporting requirements within the banking and financial services industry.
- Effective, high energy business partner with the ability to influence, collaborate, and work across the organization, with the CFO, CAO, controllers, treasury, tax, and other finance leaders.
- Proven experience to work across teams within the organization to implement accounting standards.
- Strong communication skills including written and oral presentation skills with an ability to interact at different levels of the organization.
- Excellent time management and organization skills.
Desired Qualifications:
- CPA or Masters in Accounting or MBA.
- Regulatory and Accounting Policy experience for a large financial institution.
- Experience with a major public accounting firm.
Skills:
- Analytical Thinking
- Controls Management
- Financial Accounting
- Financial Analysis
- Reporting
- Attention to Detail
- Oral Communications
- Policies, Procedures, and Guidelines Management
- Risk Management
- Written Communications
- Continuous Improvement
- Interpret Relevant Laws, Rules, and Regulations
- Project Management
- Regulatory Compliance
- Stakeholder Management
- Regulatory/Technical Accounting Research & Analysis
Shift:
1st shift (United States of America)
Hours Per Week:
40
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