Role details

VP Accounting & Controls Specialist

Jersey City   •  Permanent

Bullet points

  • VP opportunity with top international bank
  • 7+ years experience required, CPA/CA preferred

About Our Client

Leading international bank with operations in Jersey City.

Job Description

Accounting And Systems SME

  • Commando Role (fire-fighter) investigates any Accounting Posting (or non posting) Issue of high importance that affects G/L balances and reporting for three GAAPs - IFRS, French and US.
  • Assist in System implementations - Functions include Accounting Scheme Review, Conversion processes, Conversion Quartz Entry preparation, testing and Go-Live).



Accounting Schemes

  • Prepare Accounting Schemes for System Enhancements French, IAS and US GAAP (new Products - Mini Projects)
  • Updating current Accounting Schemes, e.g., E2K account substitution or addition.
  • Testing and signing off on the updates and enhancements.



Maintenance Role

  • GLAAM Administrators (G/L Chart of Accounts Referentials and CAPPS).
  • Subsystem to APF mappings (e.g., Broadridge to APF) and maintenance of specific Chartfields (e.g., G/L Object Code).



Consultation Role

  • Analyze and suggest G/L Chartfield mappings for Reconciliation Tools (SMT, AR4, Intellimatch, etc.) - ensuring granularity of posting in the G/L so that the reconciliation tools can work properly.
  • Analyze and suggest G/L Chartfield mappings for manual postings.

The Successful Applicant

Competencies

  • Thorough knowledge of financial products and related settlement processes.
  • Product life cycle knowledge, all of the events that have to be recorded in the G/L for each of the financial products.
  • Strong Accounting background, to know how a transaction should post in three Accounting Norms simultaneously (French, IFRS and US GAAP).
  • Advanced problem solving skills - the ability to find a root cause among a myriad of related, but tangential issues.
  • The ability to work well with all users.
  • The ability to understand another's job function and the issue they are trying to address.
  • The ability to: listen to the user's situation, troubleshoot the issue, explain the cause of the issue, and where possible, train the user to troubleshoot the issue themselves.





Technical Skills Skills And Experience Needed

  • Strong Accounting and experience in Chart of Account maintenance.
  • Knowledge of USGAAP and IFRS (International Accounting Standards)
  • Strong Product knowledge in Banks, Broker Dealers and Futures Commissions Merchants ("FCM") products-Fixed Income and Equity securities, Derivatives (vanilla), FX Products, Options and Futures, Money Market and Commercial Lending products.
  • Strong Excel and Business Objects skills.



Educational Requirements

  • Undergraduate/Graduate degree in Accounting or Finance.
  • Chartered Accountant or CPA designation(s) are pluses.

What's on Offer

Base salary commensurate with experience, performance bonus, and benefits.

Apply for this job

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