Financial Reporting Assistant Controller - Banking 8/12/2016
Bond Street Group
JOB DESCRIPTIONAPPLY Description
We are seeking an Assistant Controller who will ultimately develop into a full back-up to the Controller of the Bank. This candidate will develop an understanding of the Bank's accounting policies and procedures; this includes all financial, regulatory, management information reporting and analysis, tax accounting and Parent Bank reporting for the Bank. He/she will develop an understanding of all other accounting functions within the area (accounts payable, sub-custodian fees payable process, sub-custodian interest review, daily overdrafts position of the Bank's customers). Will also help coordinate and understand the external/Parent bank auditors and regulatory examinations processes. Understand the Bank's and the accounting area's internal controls.
JOB FUNCTIONS/DUTIES AND RESPONSIBILITIES
Maintains the Bank's official financial records to ensure their accuracy and compliance with U.S. GAAP and applicable regulatory guidelines. Generates financial reports for regulatory agencies and submits them on an accurate and timely basis. The first goal will be to incorporate into the accounting area the financial reporting currently being done by the Operations area including the Call Report, and various Bank reporting.
Responsible for the Bank's functions which include preparation of federal, state and local tax returns, preparation of the quarterly tax estimates and payments, tax planning and general tax inquiries.
Prepares monthly financial analysis and reporting, including parent bank consolidation reporting.and selected risk management reports for the parent bank.
Reviews/prepares periodical regulatory reporting, including Call report and Cayman reporting.
Reviews / prepares bank's daily Capital ratio report and update daily risk weighted asset and monthly capital balance.
Analyzes accounting/general ledger system for improvement.
Evaluates vendor proposal for new system.
Reviews overdraft transactions.
Supports management initiatives regarding control and risk management.
Processing and monitoring sub-custodian fee and interest.
Enhance employee's knowledge and understanding of job responsibilities through continuous communication and on the job training. Training should focus on establishing high quality/accuracy of work
Provide high quality work by ensuring accuracy and seeking to continuously improve proceses and platforms by embracing new and better ways of doing things.
Performs other duties as assigned by management.
CPA or Master's degree in Accounting.
Bachelor's degree or equivalent.
5 or more years experience in accounting and finance.
Experience working in a Bank and familiarity with financial reporting requirements within banking environment
Financial reporting experience a must (annual reports)
Good analytical and quantitative skills.
Good written and oral communication skills.