Accounting Officer- Reg W
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Job Location:
Salt Lake, UT - USA
Monthly Salary:
$ 112680 - 212760
Posted on:
2 hours ago
Vacancies:
1 Vacancy
Department:
Job Summary
Ford Motor Credit Company (Ford Credit) has received regulatory conditional approval to form Ford Credit Bank (the Bank) to be headquartered in Salt Lake City Utah. The Bank will create innovative and simplified banking solutions to help customers across the country finance the purchase of new Ford vehicles parts accessories and software and earn competitive rates on FDIC-insured savings accounts and certificates of deposit. The Bank will be a direct and wholly owned subsidiary of Ford Motor Credit Company (Ford Credit) an indirect wholly owned subsidiary of Ford Motor Company (Ford).
In this position
If you have demonstrated accounting and finance experience exceptional analytical skills and a passion for making a real difference consider taking on a role within our team. We look forward to you contributing your expertise.
The Accounting Officer Reg W will ensure compliance with Regulation W which governs transactions between a bank and its affiliates by monitoring activities identifying potential risks conducting analysis and implementing procedures to prevent violations related to affiliate relationships and transactions within allowed limits; this includes tasks like reviewing proposed transactions calculating exposure levels reporting compliance issues and providing guidance to business lines on interpreting and adhering to Regulation W guidelines.
Responsibilities
What youll do
- Demonstrate an understanding of: 1) covered transactions under Regulation W such as extending credit or purchasing assets and 2) acceptable collateral from affiliates
- Demonstrate an understanding of market terms requirements under 23B of Reg W
- Actively review prepare and analyze proposed transactions between the bank and its affiliates to identify potential violations of Regulation W limits and restrictions
- Calculate the aggregate amount of covered transactions with each affiliate to ensure compliance with the 10% and 20% exposure thresholds
- Identify and report attribution rule exposures under Reg W
- Monitor and report arms-length transactions under 23B of Reg W
- Prepare regular reports on affiliate transaction activity including potential compliance issues to senior management the board of directors and regulatory agencies
- Identify and assess potential Reg W risks associated with affiliate transactions
- Provide guidance to business lines on the interpretation of Regulation W limitations
- Provide auditors and bank examiners with assistance; gather necessary information and documents to support regulatory exams and audits
- Maintain knowledge of acceptable accounting practices and procedures
- Perform general related duties for the organization
Qualifications
Youll have
- Bachelors degree in accounting or related field
- 5 years of similar experience with Regulation W
- Knowledge of general financial accounting and cost accounting
Even better youll have
- Excellent organizational skills and attention to detail
- Ability to work well independently as well as part of a cohesive agile team
- Strong communication and decision-making skills
As part of the Ford Credit Bank family youll enjoy excellent compensation and a comprehensive benefits package that includes generous PTO retirement savings and stock investment plans incentive compensation and much more. Youll also experience exciting opportunities for professional and personal growth and recognition.
If you have what it takes to help us redefine the future of mobility wed love to have you join us!
Candidates for positions with Ford Credit Bank must be legally authorized to work in the United States. Verification of employment eligibility will be required at the time of hire. Visa sponsorship is not available for this position.
We are an Equal Opportunity Employer committed to a culturally diverse workforce. All qualified applicants will receive consideration for employment without regard to race religion color age sex national origin sexual orientation gender identity disability status or protected veteran status.
This position is leadership level 6 and ranges from $60.
For more information on salary and benefits click here: #Hybrid #DA-1
Required Experience:
Unclear Seniority
Key Skills
- Account Payable
- Invoicing
- Journal Entry
- Data Entry
- Accounting & Finance
- Tax Returns
- QuickBooks
- General Ledger Accounting
- Microsoft Excel
- Reporting
- Payroll
- Financial statement
- Account Receivable
- ACCA
- CPA
About Company
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