Director Loan Accounting

Job Description

Job Description

Serve as the global subject matter expert for US GAAP and IFRS guidance related to technical accounting matters for loan products at a national bank

Responsibilities :

• Serve as the global subject matter expert for US GAAP and IFRS guidance related to technical accounting matters for loan product
• Initiate and facilitate relationships across the Bank and thus earning a seat at the table with the business early in the process to ensure that they are equipped with all necessary accounting implications related to lending activities
• Develop a technical accounting framework and oversee related activities to ensure business activities align with US GAAP, IFRS, regulatory requirements and the
• Company’s internal accounting policies.
• Coordinate cross-functionally to understand business transactions and effectively communicate accounting items to various departments throughout the Company.
• Provide alternatives to the business to enable them to achieve their desired outcome while ensuring compliance with GAAP / IFRS under the appropriate control environment.
• Support the Head of Technical Accounting with ongoing structuring and documentation of various technical accounting initiatives and instill a business-focused and control-oriented mind-set.
• Partner with Global Controllership, Finance, and SEC Reporting teams to ensure impacts of accounting implementation are reflected in financial statements, disclosures, and investor relations materials as required
• Formulate US GAAP, IFRS, and SEC technical accounting positions / memos and reporting matters and advise on aligning lending business activities with proposed rules, standards and regulations as needed.
• Document transactions and discuss with key stakeholders to ensure it is complete with regards to disclosure considerations, SOX impacts, Tax impacts and data and system impacts from an operational perspective.
• Present tailored commentary to stakeholders at various levels and business functions regarding impact of external and internal accounting factor on financial statements.
• Develop Playbooks, Cheat Sheets, Q&As to support the business in understanding the accounting implications for routine transactions with the aim of driving standardization.

Requirements :