Senior Financial Reporting Specialist II - Vice President

The anticipated salary range for this role is between $92,000.00 and $175,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire.

The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.

Role Description

SMBC Nikko Securities America, Inc, a registered broker dealer, provides investment securities and other financial services to corporate and institutional clients, focusing on North America and Larin America.

The Accounting team oversees financial reporting, regulatory reporting and management reporting functions. This position will be responsible for reporting functions such as daily reconciliation review, intercompany cost allocations, etc.

while assisting the team with month end closing and audit support.

Scope : Reporting to the Executive Director of Accounting Group, this position will be responsible for various daily / monthly / quarterly reporting functions.

These functions include reviewing reconciliations, intercompany cost allocations and Head Office reporting. This position will also be expected to assist the team in the month end close process and in external and internal audits.

This position will be closely working with accounting teams from other affiliates, and will also interact with other departments within Nikko America.

Responsibilities

Act as the primary reviewer of daily reports which includes Trading P&L, Firm Inventory, and GL to Subledger reconciliations.

Assist the team in investigating reconciliation breaks as needed.

• Act as the primary reviewer of quarterly Head Office reporting package. Respond to requests / questions from Bank's Controllers regarding HO package.
• Act as the primary reviewer of quarterly intercompany direct and indirect cost allocations. Work with various affiliates for the invoicing and settlement of allocated costs.
• Act as alternate reviewer of daily cash reconciliations. Work with Operations Group to clear the cash rec items as required.
• Perform allocated month end tasks which may include calculating fee allocations and reviewing aged receivables and payables.
• Review and approve accounting entries posted to GL by junior staff as needed
• Review Accounting's Policy and Procedures prepared by junior staff
• Provide requested workpapers to internal and external auditors

Qualifications and Skills

• Extensive knowledge of accounting and financial reporting process
• Good knowledge of securities broker dealer business, financial products and regulatory reporting (SEA 15c3-1)
• Proficiency MS Office Suite (Word, Excel, Visio). Good knowledge in analytical tools such Alteryx and Power BI is preferred
• Strong analytic and problem solving skills; strong documentation skills; high level of urgency and deadline driven : attention to detail, accuracy and accountability.
• Strong communication and interpersonal skills; possesses diplomacy and displays confidence
• A team leader who is collaborative yet able to work independently
• Knowledge of Oracle GL suite is a strong plus
• Work experience : 7 to 10 years of specialized experience in Financial Services and 2 + years Financial Reporting (broker dealer experience is a strong plus

Requirements

• Education : Required : BA / BS Preferred : MA / MS / MBA
• Licenses / certifications / Registrations : Required : CPA, Series 27 Preferred : CFA
• Language Skills : Business fluency in the following language(s) : English
• Software Systems / Programming Languages : Microsoft Office Suite , Oracle Cloud GL Suite, Broadridge Impact, Alteryx
• Work environment : SMBC's "5 Values" guide the overall culture of the work environment - Customer First; Proactive / Innovative;

Speed; Quality; and Team SMBC. This job is performed in a secured bench seating office environment, using standard office equipment (i.

e., desktops, phone, etc.) The role may regularly require long hours and occasional weekend work, as job duties and team priorities demand.

• Physical demands : The physical demands described here are representative of those that must be met by an employee to successfully perform this job : Standard SMFG office environment.
• Travel : Percentage of travel required : 0-10%
10 days ago