Financial System Manager (“FSM”) is the responsible for the day to day management of the general ledger (GL) and reporting out of the GL system. The FSM participates in the mapping and coordination of sub ledger systems information into the general ledger. In addition, the FSM is responsible for creating general ledger reports to assist in management and regulatory reporting.
Financial System Manager is assigned management duties within the department, which may include the supervision, training, and mentoring a small group (1-5) of senior accountants and staff accountants, and may be assigned to act as a liaison to department leaders or other employees that interact regularly with Accounting & Finance.
Oversees the configuration of the company’s general ledger and sub-ledgers for accurate and timely reporting. Works with various subledger owners throughout the organization to understand impacts of the various processing will have on the general ledger and reporting. Performs research on discrepancies occurring between the various subledgers and the general ledger. Understand variances between reports, reconciling sources and ensuring appropriate escalation and issue identification and documentation as needed. Coordinates and conducts various monthly and quarterly financial activities.
Responsible for the overall processing of nightly subledger files into the general ledger and ultimate balancing of those files. Primary contact with IT department for efficient processing.
Primary liaison for new products and implementation of those products on the general ledger. Responsible for the configuration of daily reporting of loan and deposit balances to the company as well as executive management.
Works with the Financial Reporting Managers to configure reporting to help generate specific reporting for SEC, FRB and FDIC reporting, including the weekly FR 2900, weekly FR 2644, quarterly call report, and quarterly Y-9 reports. Assists in the preparation and delivery of periodic reports to the Board of Directors.
Department lead on compliance with critical spreadsheets corporate policy. Lead consistency efforts for the department for the existing and new spreadsheets.
Facilitates compliance with internal audit, Sarbanes-Oxley, and all issues associated with maintaining a strong internal controls environment. Coordinates with SOX testing, internal audit, external audit, FRB & FDIC examination teams.
Bachelor’s Degree in accounting, finance, economics, business administration or other directly related field is required;
Seven or more years of directly related finance/accounting experience, with increasing responsibility for financial analysis and reporting. Demonstrated experience and skill in system integrations as well as advanced excel skills.
Working knowledge of financial reporting requirements including SEC, FASB, and Sarbanes-Oxley.