Business Unit Controller

For over 20 years, SVB Financial Group, a financial services company assisting emerging growth and mature companies in the technology, life science, private equity and premium wine markets, has provided innovative solutions to meet the unique financial needs of our clients. SVB Financial Group offers our clients commercial, investment, merchant and private banking, as well as value-added services using its knowledge and networks. SVB Financial Group serves nearly 11,000 clients around the world through 29 domestic offices, four international subsidiaries in the U.K., India, China and Israel, and an extensive network of relationship with venture capitalists in Asia, Australia, Europe, India, and Israel. More information about SVB Financial Group can be found at www.svb.com.

JOB DESCRIPTION :

 

Business Unit Controller

Reports to: Corporate Controller, Non-Bank Subsidiaries

The Business Unit Controllers provide accounting oversight and management of our growing subsidiaries at SVB Financial Group, including our valuation services provider [SVB Analytics], corporate equity management company [eProsper], investment and asset management companies [SVB Securities and SVB Asset Management], and global operations [SVB Global Financial, SVB India Advisors, SVB Financial Group UK, SVB Business Partners (Shanghai), and SVB Israel Advisors].  Entities are assigned to the Business Unit Controllers depending on specific individual expertise, inter-subsidiary dependencies, and complexity of subsidiary. 

 

Primary Responsibilities:

Manage the month end close process for assigned Business Units.  Review accounting entries, review financial statements prepared by outside accounting firms were applicable, and consolidate entities into the corporate general ledger to ensure proper accounting.

Preparation of yearend audited stand-alone financial statements for applicable Business Unit entities.  Primary liaison with outside accounting firms for audits of financial statements.

Ensure accounting procedures and systems comply with Sarbanes-Oxley, GAAP, applicable internal policies and regulatory requirements.

Oversee and review preparation of monthly, quarterly and annual reporting for Business Unit entities, including reporting packages for Business Unit and Finance management teams, portions of SEC filings, committees and meetings, and Regulatory filings.

Manage the preparation of financial analysis related to the monthly results of Business Unit entities.

Work with the Business Unit Managers to monitor budgets, financial performance, cash inflows and outflows of above entities to ensure adequate funding at all times.

Research technical accounting issues with outside service providers and internal team as needed.

Monitor Reg W transactions between Silicon Valley Bank and assigned entities.

Monitor compliance with approved policies and procedures, as well as recommend and implement changes to policies or establish new procedures to promote an effective internal control environment.

Review all significant general ledger accounts, including but not limited to revenue, loans, investments, goodwill, accruals, and prepaid accounts, to ensure completeness and accuracy of the financial statements.

Interact with public accounting firms, internal auditors, and regulatory auditors and provide them with the appropriate information and support.

Contribute to special accounting and finance related projects as assigned.

Supervise accounting staff and build accounting team to scale with growth in assigned entities.

Cross-train with the other Business Unit Controllers as needed.

 

 



SKILLS AND REQUIREMENTS :

Accounting degree or Finance degree with accounting work experience required

Certified Public Accountant (CPA) designation or equivalent required

6-8+ years of related professional experience, with increasing levels of responsibilities

Strong technical/GAAP experience, especially with financial services industry, foreign currency translation, acquisition accounting, goodwill and intangible assets, revenue recognition, and the preparation of audited financial statements

BU Controller must show ability to communicate directly and work effectively in a complex work environment, including the ability to interact well with a variety of constituencies (auditors, office personnel, corporate executives)

Ability to multi-task and balance priorities while also focusing on bringing projects to completion

Experience with various accounting software systems

Strong work ethic, initiative and attention to detail

Good written and verbal communication skills and a friendly, service-oriented attitude

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