SEC Reporting-Lead Financial Accountant

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SEC Reporting-Lead Financial Account
Location : Manhattan NY 4 days a week in the office
Salary : 125-135K 10% Bonus

Team Overview
Financial Accounting (FA) is responsible for all daily weekly monthly and quarterly accounting and reconciliations as well as all required reporting to the SEC and FHFA. FA works with various stakeholders including HR Legal Corporate Real Estate Membership Senior Management SOX internal and external auditors and the company.

Position Overview
This position is responsible for supporting the external reporting function; SEC reports to include 10-K and 10-Q and various reports filed with bank regulators. Research technical accounting/reporting matters; and other special projects as assigned by Manager or Sr Manager of Financial addition this position will have a significant role in implementation of new trade accounting subledger.

Essential Duties:
Internal Reporting

• Heavy involvement with implementation of new trade accounting subledger. This will include configuration integrations with other Bank applications and UAT testing
• Support accounting reconciliations and reporting functionality for all fixed income products including mortgage loans.
• SME level cash flow understanding. Prepare quarterly Statement of Cash flow for regulatory and SEC. Prepare insightful quarterly variance analysis for senior management.
• Research for explanation of any variances of trading subledgers and general ledger.
• Review/Approve daily summary of settlement breaks.
• Sign off on controls governing the DDA Cash balance general ledger the mortgage providers database and in-house mortgage loan application proofs for completeness and accuracy. Exceptions are followed up and resolved in a timely manner.
• Review/Approve monthly analysis for Real Estate Owned property to ensure activities are booked in GL appropriately.
• Streamline month end account analysis process. Design accounting/reporting specifications for systems.
• Manage relationships with third party vendors.
• Prepare periodic management reports and financial statements.
• Take a leadership role in system design and implementation projects particularly those closely related to financial reporting.

SEC Reporting

• Manage the quarterly and annual SEC filings (i.e. 10-Qs and 10-K) which include generating and compiling supporting documentation.
• Supervise the production of financial statements and support for Managements Discussion and Analysis of Financial Condition and Results of Operations (MD&A) in the 10-Q/K.
• Collaborate with employees from other departments to ensure proper accounting for fixed income trading products including mortgage loans.
• Research current accounting and reporting issues trends and policies to be applied to applicable transactions and/or SEC filings.
• Review disclosures in the 10-Q/K for accuracy. Initiate changes to streamline the SEC reporting process.
• Manage the preparation and accuracy of the Statement of Cash Flows.

XBRL Tagging

• Review and research XBRL tagging prepared by the third-party vendor (Workiva) to determine if the tagging is in compliance with SEC guidelines. Work closely with vendors to rectify tagging errors.

External Reporting

• Monitor understand and implement FHFA regulations and the requirements pertaining to financial reporting and ensure compliance with the reporting systems CRS and FRS
• Lead the annual Form 1042 filings with the IRS.
• Research for new FASB accounting pronouncement and assist in the implementation of changes.

Compliance

• Prepare maintain and update accounting policies and procedures in conformity with SOX requirements.
• Oversee Financial Accountings compliance with policies and procedures.

Other Duties:

• Internal: Internal Auditors SOX Legal Corporate Real Estate HR Senior Management Risk Management Capital Markets and Information Technology.
• External: FHFA examiners external auditors (PwC) and the Office of Finance.

Skills:
Strong organizational analytical critical thinking and problem-solving skills. Ability to balance multiple tasks and priorities and have outstanding work ethics and sense of urgency.

Experience:
Four to eight years of experience required preferably with a mix of public and private experience in banking or financial services with an emphasis in SEC reporting. Big Four Public Accounting experience a plus.

Education:
Bachelors degree in accounting and CPA preferred.

Credentials: CPA CFA Series 7

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