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Accounting Manager
Bank of the West
Tempe, AZ, United States
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Description
What sets Bank of the West apart from other banks is our team members–they embody the optimistic spirit of the West. There is a spirit here that drives us to do more. Our team of more than 10,000 employees is vital to the success of our Bank. They reflect our modern western values—straightforward, entrepreneurial and optimistic. We seek to create a corporate culture that fosters and rewards excellence, encourages creative thinking and respects diversity – an environment where team members are engaged, supportive of one another and enthusiastic about serving our customers. Bank of the West offers the stability of a company that has a 135 year history and is part of BNP Paribas, a European leader in global banking and financial services and one of the 6 strongest banks in the world. We offer opportunities across our diverse business lines – Retail Banking, Commercial Banking, National Finance, and Wealth Management.
Job Description Summary
Responsible for managing, reviewing and overseeing the Accounting functions for the Equipment Finance Division (EFD) division. Primary responsibilities include supervision of the monthly close process, monthly, quarterly and end-of year reporting; creating/implementing procedures to identify resolve and document accounting issues, preparing Bank of the West's (the Bank) GAAP-based annual report, partnering closely with existing senior managers of financial control and financial IT to develop and implement an improved accounting and financial control infrastructure for the Bank’s financial operation, planning for and implementing the financial integration of and performance reporting for the Bank’s acquisitions and strategic investments, and evaluating ways to ensure accounting systems and reports are allowing for efficient and accurate output.
Essential Job Functions
1. Formulates and administers accounting and/or reporting practices for assigned area of responsibility. Provides direction in the management of practices in area of specialization. Ensures required reports are filed in a timely and accurate manner.
2. Manages daily accounting operations of the EFD group.
3. Prepares, examines, and analyzes accounting records, financial statements and other financial and operational reports to assess accuracy, completeness, and conformance to reporting, procedural standards and GAAP.
4. Ensures all processes are fully documented and in compliance with internal, external and regulatory requirements.
5. Ensures proper and timely reconciliation of balance sheet accounts, investor accounts and bank accounts.
6. Liaises with external and internal auditors.
7. Provide change leadership to set vision, plan and manage tactical execution steps to enhance the operational accounting, including close process, reconciliations and other corporate level financial controls, system to g/l reconciliation and subject matter expert functions at the Bank.
8. Subject Matter Expert on existing systems. Leads accounting efforts in development of new systems and processes for Investment, Debt and Derivatives. Partners with business line groups to understand business processes, change to control environment, acco
9. Sets performance standards as they relate to IFRS and GAAP implementation as well as high quality and efficient reporting processes. Ensures compliance with established standards.
10. Identifies requirements associated with reporting by an SEC registrant.
11. Analyzes emerging accounting pronouncements for policy implications and proactively work with management to provide practical implementation advice and action.
12. Resolves accounting questions and discrepancies by consulting with corporate/division management on accounting issues and provide guidance to business groups as appropriate.
13. Participates and / or monitor staff on projects with accounting implications.
14. Ensures proper system testing and review accounting changes affecting loan systems or other items having accounting impact.
15. Performs other duties as assigned.
Qualifications
• Bachelor’s Degree in Accounting - Required
• Master’s/Advanced Degree in Accounting - Preferred
• Required License(s) or Certifications CPA/CFA - Preferred
• Requires practical knowledge in leading and managing the execution of processes, projects and tactics within the EFD area. Typically has advanced knowledge and skills within a specific technical or professional discipline with understanding of the impact of work on other areas of the organization.
• Requires 10 years minimum prior relevant experience.
• Thorough knowledge of U.S. GAAP; some knowledge of international accounting standards, regulatory topics such as capital issues and GAAP accounting issues as they relate to the banking industry.
• Thorough knowledge of financial and cost accounting, financial analysis, and principles of economics; thorough knowledge of financial institution balance sheet and profit and loss analysis techniques.
• Strong organizational and time management skills.
• Ability to work under tight timeframes and manage stress.
• Strong communication and interpersonal skills.
• Proficient knowledge of Excel, Word, PowerPoint, General Ledger Systems and Infolease.
• Experience with Hyperion Management System preferred.
• Strong accounting experience in banking/credit institution, especially on matters related to credit risk: charge-offs, provisions, reserve, and associated regulatory reporting.
• Be a key member of the Corporate Finance team, continuing work on the Finance Transformation Effort, focusing on the development of the accounting operations, accounting systems and the formation of a centralized accounting specialist group that will ensure business line adoption of corporate wide accounting policies and procedures.
• Innovate to create improved, better controlled entity wide processes to ensure the appropriateness of the Bank’s financial statements, ensuring that the ultimate solution provides the required control as efficiently as possible.
• Assist in the timely execution of his responsibility to provide accurate information to senior managers of the Bank on the Bank’s financial condition by directing the team in the collection, interpretation, and reporting of needed financial data on an as-needed basis.
• Protect the Bank’s assets by working with internal audit and other financial control professionals to establish, monitor, and enforce General Ledger and accounting operations internal controls, accounting policies and procedures.
• Work with Corporate Development and Legal teams to determine the scope, resources and timing for due diligence, purchase accounting and financial integration efforts.
• Assemble and manage a small team of finance professionals with experience and expertise in providing financial due diligence, analytic and financial integration support to planned Bank mergers and acquisitions.
• Ensure financials supporting M&A processes are complete and accurate, documented, and in compliance with internal, external, and regulatory requirements.
• Manage internal and external financial diligence teams through the delivery of a summary of findings for both acquisitions and strategic investments and determine guidance for internal staff on deal structure and the financial ramifications of deal terms.
• Gather, research and process data to determine purchase accounting, create journal entries and determine consolidation structure and mechanics, and draft technical accounting documents to describe all aspects of executed transactions.
• Direct a team of Finance and Accounting professionals to lead and manage the post-acquisition finance integration process---including the timely and successful integration of the acquired business into the Bank of the West’s management and financial reporting infrastructure.
• Ensure internal control systems and processes of acquired businesses provide reliable financial reports and operate effectively within all areas of direct responsibility. Includes process narratives.
• In partnership with both BNP Paribas Financial Management and accounting policy, lead and coordinate assessments of GAAP and IFRS accounting impacts resulting from acquisitions---especially with respect to purchase accounting and day 2 accounting issues from US GAAP and IFRS perspectives.
• Partner effectively with executives in acquired businesses to understand their business, financial processes, change to control environment, accounting infrastructure, and informational reporting. Coordinate with cross-functional teams to ensure efficient testing of internal controls.
• Advise and direct project teams to address specific accounting and internal control issues pertinent to acquired businesses and/or assets---and to support the execution of financial systems conversions and upgrades.
Equal Employment Opportunity Policy
Bank of the West is an Equal Opportunity employer and proud to provide equal employment opportunity to all job seekers without regard to any status protected by applicable law. Bank of the West is also an Affirmative Action employer - Minority / Female / Disabled / Veteran.
Bank of the West will consider for employment qualified applicants with criminal histories pursuant to the San Francisco Fair Chance Ordinance subject to the requirements of all state and federal laws and regulations.