The Financial Reporting Manager (FRM) role is the most senior level staff function in the accounting department, and reports to the Chief Accounting Officer. Incumbents share the following characteristics: 1) lead a key functional area with moderate to large scope (example: SEC reporting manager, regulatory reporting manager), 2) extensive subject matter expertise typically involving GAAP or Regulatory rules and interpretations 3) extensive experience, and / or 4) management responsibilities.
FRMs are responsible for leading day-to-day operations for their defined role, including completing specified deliverables which are timely and accurate, recruiting, hiring and training staff, creating and maintaining policies & procedures over their respective areas, and adopting to evolving business requirements resulting from the implantation of new products, services, or acquisitions that require changes to operational processes.
The core duties of the individual hired for this role will be drafting (or updating) GAAP accounting policies, drafting technical white papers evaluating the accounting impacts resulting from business facts & circumstances, drafting (or updating) accounting procedures, and monitoring / overseeing the effectiveness of SOX key controls over the completeness and accuracy of IPE (information prepared by entity), specifically, critical reports and spreadsheets relied upon in preparing financial statements
In addition to core duties, remains current on recent rules, interpretations, and industry practices (GAAP, regulatory, etc). Assesses the impact of these changes on the Company and communicates with the relevant parties to ensure that any changes are correctly implemented. Manage other operational responsibilities related to monthly G/L close process, reporting to board or members of management, filing of reports with authorities (e.g. SEC, FRB), and assisting with various audits. Provide support to a variety of internal constituents (reports, data requests, etc). Also act as liaison to counterparts in other departments to obtain data, assist with problem resolution, etc.
Where applicable, provides guidance to staff and ensures staff perform their activities in compliance with bank policies and procedures, and that documentation is accurate and properly maintained. Support management in the development of new and revised procedures, methods, and forms.
Provide ad hoc reports customized to the needs of the CAO or other members of executive management.
Undergraduate degree in accounting, business, or economics. Minimum experience of 4-8 years. Recent experience working in public accounting is a plus.