Financial Reporting Director
The Mergis Group 

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Financial Reporting – Director

Global Financial Services Firm

Central New Jersey Campus

  

Our client a premier Financial Services firm is seeking a Financial Reporting Director to research reporting requirements for new bank products.  Working with the Accounting Policy Group, the Financial Reporting Director will advise the group’s CFO and CFO on accounting and reporting matters relevant to the banks.  The position also manages the business reporting and analysis of the Bank.  The Financial Reporting Director has a staff to assist in achieving the group’s objectives in these areas of responsibility.  In addition, the Director of Financial Reporting leverages the work of over several accountants across numerous legal entities and geographic areas in successfully achieving the group’s objectives.

 

Description: 

 

Financial Reporting Director has five critical areas of responsibility:

 

Oversight and management of annual internal control self assessment of the two banks as required by the Federal Deposit Insurance Corporation Improvement Act and the Sarbanes Oxley Act.The design and preparation of the external and internal financial reporting of two divisions including annual audited financial statements, Call Reports and Thrift Financial Reports, and board financial packages.Design and control of the banks’ chart of accounts and hierarchies used to facilitate meeting our reporting responsibilities.  Plan and direct technology development efforts to facilitate timely, reliable, and useful delivery of financial information.Oversight of the account reconciliation and control processes and tools.

 

Requirements:

 

Bachelor’s degree and CPA certification are required.Controller or Reporting Manager experience in a financial services company, or senior manager experience in public accounting serving financial services companies.At least 12 years experience working in the financial services industry, or auditing financial services companies.Strong knowledge of Technical accounting literature as it applies to banking, especially accounting for all aspects of loans, sales of financial instruments, accounting for investments and derivatives, securitizations accounting, and accounting for the allowance for loan and lease losses.  Knowlege of SEC and regulatory reporting requirements and practices of large insured depository institutions.  Knowlege of Key safety and soundness laws and regulations applicable to banks, especially those applicable to risk-based capital and qualified thrift lender requirements.  Bank operations, especially internal controls typical of complex banking organizations, as well as SOX and FDICIA internal control assessment and reporting requirements.  Applications of technology to bank accounting and reporting activities.   Ability to convey a clear course and sense of direction and understand the environment in which they operate.Outstanding leadership and management skills with the ability to attract, develop, and mentor high caliber performers and to build and inspire a high performing organization.Results driven, ensuring short-term team goals are achieved that support long-term organizational goals with an appropriate sense of urgency.Excellent presentation and communication skills.Strong analytical skills focused on problem solving and process improvement.