Accounting Policy Job Description

Accounting Policy Job Description

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Accounting policy provides accurate and timely accounting support (IFRS/local GAAP accounting principles and, in some cases, in fiscal matters).

Accounting Policy Duties & Responsibilities

To write an effective accounting policy job description, begin by listing detailed duties, responsibilities and expectations. We have included accounting policy job description templates that you can modify and use.

Sample responsibilities for this position include:

Assist implementation efforts for new accounting standards, primarily US GAAP but including IFRS
Review financial statements and assist SEC Financial Reporting and Legal Entity Controllers teams in developing financial statement disclosures in accordance with applicable U.S. GAAP
Perform technical assessment of new financial reporting developments, including providing comments to the IASB on proposed changes to IFRS standards - current areas of focus include revenue recognition, IFRS 9 (hedge accounting for non financial instruments and portfolios are of particular interest) & leasing
Assist SEC Financial Reporting and Legal Entity Controllers (LEC) teams develop financial statement disclosures in accordance with applicable U.S. GAAP
Be responsible for monitoring and interpreting various emerging technical issues related to U.S. GAAP and regulatory capital standards applicable to financial holding companies
Monitor and interpret various emerging technical issues related to U.S. GAAP and regulatory capital standards applicable to financial holding companies
Assist in developing disclosures for new standards in the company's financial statements
Application of existing US GAAP, monitoring of new accounting developments and participation in comment letters and implementation of new accounting rules
Coordination with personnel in other OAP groups (Insurance, Transactions, Asset Management and IFRS teams)
Reviewing all new and proposed statutory and GAAP accounting policies which are promulgated by various authorities in order to make a determination as to applicability to the Company

Accounting Policy Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Accounting Policy

List any licenses or certifications required by the position: CPA, SOX, CA

Education for Accounting Policy

Typically a job would require a certain level of education.

Employers hiring for the accounting policy job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Accounting, Finance, Education, MBA, Business/Administration, Technical, Business, Economics, Graduate, Management

Skills for Accounting Policy

Desired skills for accounting policy include:

IFRS
US GAAP
Excel and PowerPoint
GAAP
Business combinations
MS Office applications
Accounting principles
Financial statements
Accounting principles and practices

Desired experience for accounting policy includes:

Assist with monitoring of emerging accounting standards, liaising with certain standard setters, and participating in discussions with regulatory bodies and industry groups as appropriate
Research and document technical accounting issues under applicable accounting standards
Coordinate and assist in the development of accounting policies and update the firm’s accounting policy manual as necessary
Work alongside the senior members of the team in applying existing and proposed accounting guidance to transactions and corporate level activities
5 – 7 years of working experience in an accounting or policy related position
Minimal*LI-TV1

Accounting Policy Examples

1

Accounting Policy Job Description

Job Description Example
Our growing company is looking for an accounting policy. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for accounting policy
  • Review and maintenance of established Group accounting procedures and policies, ensuring ongoing accuracy with commercial and IFRS developments, compliance and consistency across the Group
  • Leading a team of specialists to provide accounting advice to senior management in the U.S. Retail and Insurance businesses on complex transactions, considering such items as the impact on the Bank’s Key Performance Indicators, capital, This also entails working with senior management in Credit Risk, Treasury and Balance sheet management, Taxation and other relevant groups and requires the use of significant professional judgment in determining an accounting recommendation
  • Leading the implementation of certain accounting standards, by driving consensus among various executives across the Bank, , Business Units, Risk Management, Capital, Tax, Investor Relations, Internal Audit, , to successfully complete the adoption in a timely manner
  • Work with the various business units and corporate functions to apply existing and evolving standards
  • Help in producing and maintaining technical guidance distributed and presented firm-wide
  • Develop accounting and regulatory policies and periodically update policies as new guidance is issued
  • End-to-end 10Q and 10K reporting cycles 401k Annual Report and Statutory Filings
  • Use of Webfilings software to draft the SEC filings and Edgarize the content
  • Partnering with the Operational Accounting Team for seamless collaboration
  • Technical accounting research regarding complex new and proposed transactions, especially in the M&A space
Qualifications for accounting policy
  • Must demonstrate excellent written and verbal communications skills with the ability to communicate clearly with the Bank’s executives the external auditors
  • Must demonstrate organizational awareness and the ability to mange strong relationships within and across multiple businesses
  • Must possess advance facilitation, influence management and consensus building skills
  • Desire to proactively build and lead a value added Finance function and team
  • Previous experience in auditing and reviewing 10-Q and 10-K
  • Big 4 or a combination of public and private strong technical accounting experience
2

Accounting Policy Job Description

Job Description Example
Our growing company is looking for an accounting policy. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for accounting policy
  • Providing input on policy and implementation guidance for new FASB and IFRS standards
  • Leveraging a diverse set of available resources and opinions to form the most appropriate and compliant guidance
  • Deeply learning the company’s business drivers, strategy, and aspirations in order to work with the Investor Relations to translate the essence of the business into insightfully appropriate external messaging and disclosures
  • Partnering and supporting the Tax Department for all Tax accounting and disclosure matters
  • Supporting the Audit Committee of the Board of Directors regarding Accounting Policy and External Reporting Matters
  • Quickly developing and maintaining strong collaborative and professional working relationships with all peers inside and outside the Accounting and the Finance functions
  • Providing Accounting education materials and presentations to the company’s employees inside and outside the Accounting and Finance functions
  • Work with the various business units and corporate functions
  • Analysis of a broad variety of technical topics and transactions to address accounting and reporting issues, as discussed above
  • Determination of accounting conclusions on issues/transactions and discussion with internal and external constituents
Qualifications for accounting policy
  • Candidate must possess a Chartered Professional Accountant (CPA) accounting designation 10+ years of financial accounting experience
  • Adapt to changing situations
  • Consultation with external auditors and other outside advisors
  • Documentation of research and conclusions
  • Development and presentation of training materials on relevant accounting issues
  • Reviewing and commenting on Forms 10-K and 10-Q
3

Accounting Policy Job Description

Job Description Example
Our innovative and growing company is hiring for an accounting policy. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for accounting policy
  • Maintaining the company's accounting policy manual
  • Participating in industry accounting committees
  • Assisting with research of selected accounting issues (including potential investment transactions and new product features) from various sources (business units senior management ) on an ad hoc basis
  • Team with senior members of the Accounting Policy Group on providing technical accounting advice to the firm’s businesses and
  • Evaluation of specific commercial issues relating to the groups trading, origination and business development activities, with direct liaison with finance and non finance senior management across the business
  • Act as centre of expertise for technical accounting issues across the groups global subsidiaries, in addition the group's parent company and the wider Group
  • Advice to business and Finance Managers on technical accounting issues
  • Proactively manage the external auditors on a broad range of issues - including technical accounting, reporting & disclosures, operational and commercial
  • Complete financial decision support papers for Director of Finance and other senior finance management to aid established internal corporate governance processes
  • Work on special ad hoc projects, including M&A activity, corporate restructuring & debt arrangements
Qualifications for accounting policy
  • Technical accounting expertise in financial instrument accounting, and familiarity with a broad variety of revenue arrangements in the financial services industry
  • Monitor new accounting pronouncements and provide comments on Exposure Drafts issued by accounting and regulatory bodies
  • Chartered Accountant with relevant work experience at appropriate level
  • 10+ years' public or prior experience in an accounting policy office of a large financial institution
  • 6+ years of Public Accounting and/or Private Industry experience years
  • Knowledge of the insurance side of the balance sheet (DAC, reserves, product classification)
4

Accounting Policy Job Description

Job Description Example
Our company is looking for an accounting policy. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for accounting policy
  • Provides input on policy and implementation guidance for new FASB and IFRS standards
  • Follow all relevant US GAAP standard setting and other technical accounting updates and interpretations
  • Identify, analyze, and provide guidance on emerging GAAP to impacted counterparts within the company Finance staff through periodic technical trainings
  • Run and manage the Global Finance Academy - provide tailored monthly training to global finance staff
  • Manage reporting and filing process for Forms 10Q and 10K
  • Oversee company-wide technical accounting consultation via research on and analysis of complex accounting issues, applying relevant technical guidance and interpretation
  • Oversee full documentation and communication, including recommendation, of accounting treatment to finance personnel across the company
  • Continuously monitor, document and communicate the development of new accounting standards, interpretations, and emerging guidance to the finance organization
  • Overhaul, implement, oversee, and maintain the company’s accounting policy and finance database
  • Monitor oversight on compliance of the company’s critical accounting policies by all business divisions
Qualifications for accounting policy
  • Bachelor's degree in accounting/finance or equivalent combination of education and experience Required Certifications/Licenses
  • Four+ years of professional level accounting experience with a Big 4 Accounting firm or eight+ years of professional level accounting experience
  • Four + years of progressive accounting experience in the banking/financial services industry
  • Excel, Word, Access and / or Hyperion software Strong verbal and written communication skills
  • Lead controllership initiatives around accounting policy initiatives, such as adopting the new Revenue Recognition standard
  • Assist in the financial policy transition and accounting of newly acquired businesses
5

Accounting Policy Job Description

Job Description Example
Our growing company is looking to fill the role of accounting policy. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for accounting policy
  • OMonitor and evaluate current developments in SAP, GAAP, and IFRS, and regulatory reporting requirements
  • To provide IFRS, NAIC and US GAAP accounting and financial reporting guidance and advisory services to management and other functional areas
  • Coordinate the evaluation of the impact of the company’s Accounting Conventions (Non-GAAP policies)
  • Liaise with global accounting policy group/corporate functions to monitor accounting and regulatory capital policies
  • Various ad hoc accounting and capital initiatives
  • Provide technical guidance in functional accounting areas such as earnings per share, foreign currency, segment reporting, derivatives, stock-based compensation, goodwill and intangibles
  • Actively engage with coalition finance staff in US and international locations to provide assistance with accounting questions and issues, including participation in bi-annual balance sheet review process
  • Act as a liaison with tax, treasury, legal, internal audit and financial planning and analysis with regard to accounting issues, policy setting and cross-departmental transactions
  • Act as a key interface in managing the external auditor relationship
  • Actively lead in the planning, execution and accounting for business acquisitions
Qualifications for accounting policy
  • Good organization capabilities
  • Student at a program that provides the base fora Canadian Accounting designation
  • 2 - 4 years of relevant experience, Big 4 public accounting preferred
  • Bachelor’s degree in Accounting (or equivalent) and CPA/CPA candidate required
  • Excellent organizational skills and proactive preparation of comprehensive meeting materials and supporting files
  • Strong ability to exercise professional judgement assessing the risk of various issues

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