Accounting Policy Associate Director
Accounting Policy Associate Director
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Job Description
The position is described below. If you want to apply click the Apply Now button at the top or bottom of this page. After you click Apply Now and complete your application youll be invited to create a profile which will let you see your application status and any communications. If you already have a profile with us you can log in to check status.
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Regular or Temporary:
RegularLanguage Fluency: English (Required)
Work Shift:
1st shift (United States of America)Please review the following job description:
Technical accounting subject matter expert responsible for effectively communicating and ensuring the enterprises proper understanding and appropriate implementation of accounting policies and practices in accordance with the extremely complex and dynamic accounting principles generally accepted in the United States (GAAP) and subject to effective internal controls in connection with the SOX and FDICIA programs. Provide expert advice on a broad range of complex accounting and financial reporting issues to the Finance organization and other senior leaders.
Following is a summary of the essential functions for this duties may be performed both major and minor which are not mentioned below. Specific activities may change from time to time.
Provide informed accounting advice and oversight
1. Serve as an effective business partner and informed advisor in collaborating across the organization in achieving financial reporting that (i) complies with GAAP (ii) is transparent (iii) is representationally faithful to the business objective and economics of the underlying transaction or activity and (iv) is produced in a well-controlled practical and operationally sustainable manner.
2. Research appropriate accounting treatment and provide well-informed advice for complex transactions or financial matters for Truist Financial Corporation and its subsidiaries to ensure compliance with GAAP regulatory reporting and affiliate transaction requirements. Such complex issues include but are not limited to acquisitions divestitures credit losses hedge accounting transfers and variable interests.
3. Support the accounting and reporting for highly complex transactions. Responsibilities include accurate financial reporting and adequate internal controls preventing or detecting financial reporting fraud and ensuring that Truist complies with applicable Accounting Policies and Standards.
Monitor activities of standard setters and regulators
4. Closely monitor the standard setting process of the Financial Accounting Standards Board (FASB) and United States Securities and Exchange Commission (SEC) as well as the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board (FRB) as applicable to bank accounting and reporting to ensure that all relevant proposed changes to GAAP and other reporting requirements are understood and the impacts communicated to senior leaders timely.
5. Oversee the implementation of new accounting or external reporting requirements which includes development of accounting regulatory reporting and affiliate transaction policies and standards design of operational processes necessary to ensure full compliance with any new requirements and the development of the related internal control framework related to these new processes.
Prepare and maintain accounting policies and procedures
6. Prepare and/or revise accounting policies and procedures to effectively manage the risk of GAAP non-compliance by reflecting new accounting pronouncements or guidance improving clarity or responding to changing circumstances.
Effectively communicate with leadership auditors and regulators
7. Proactively provide counsel to senior leaders and financial management on complex accounting and external reporting issues. Provide accounting guidance in response to inquiries from auditors regulators and others regarding specific transactions issues and other matters.
Provide accounting policy implementation support and oversight
8. Ensure the design and implementation of adequate processes and controls to comply with relevant GAAP such as to prevent deficiencies in internal control over financial reporting. Support the Risk Management Organization through the effective identification measurement communication and mitigation of GAAP risk in adherence with requirements.
Support and oversee external financial reporting
9. Prepare and review of relevant sections of the SEC Forms 10-K and 10-Q for compliance with GAAP including disclosure checklists. Review drafts of the quarterly press release Forms 10-K and 10-Q and other regulatory reporting in compliance with GAAP and regulatory requirements.
Participate in industry groups
10. Participate in various banking organizations via 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. Draft comments on proposed new accounting standards and regulatory reporting rulemaking as applicable.
Required Qualifications:
The requirements listed below are representative of the knowledge skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
1. Bachelors degree in Accounting Finance or equivalent education and related training
2. Certified Public Accountant (CPA) designation; strong technical accounting knowledge
3. Twelve years of relevant accounting or accounting policy experience
4. Intelligent strong and decisive leadership within an organization because of high integrity intellectual clarity and a passion for excellence; strong leadership abilities including proactive thinking and teamwork to drive the best business decisions
5. Strong personal and professional ethics with impeccable integrity
6. 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
7. Self-motivated with the ability to work without supervision; ability to work under difficult time constraints and manage multiple resources priorities and projects
8. Strong team orientation: eagerness to pitch in and help larger teams meet goals and responsibilities
9. 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
proficiency in computer applications such as Microsoft Office software products with an emphasis on spreadsheet word processing and database software
Preferred Qualifications:
1. Masters or advanced degree in Business or Accountancy
2. 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 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 Truists generous benefit plans please visit our Benefits site. Depending on the position and division this job may also be eligible for Truists defined benefit pension plan restricted stock units and/or a deferred compensation plan. As you advance through the hiring process you will also learn more about the specific benefits available for any non-temporary position for which you apply based on full-time or part-time status position and division of work.
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.
EEO is the LawPay Transparency Nondiscrimination Provision E-Verify
Required Experience:
Director
Employment Type
Full-Time
