Director of Financial Reporting

Description: 

· The design and preparation of the external and internal financial reporting the Bank, Bank & Trust, FSB including annual audited financial statements, Call Reports and Thrift Financial Reports, and board financial packages.

· Oversight and management of annual internal control self assessment of the two banks as required by the Federal Deposit Insurance Corporation Improvement Act and the Sarbanes Oxley Act.

· Design and control of the banks’ chart of accounts and hierarchies used to facilitate meeting our reporting responsibilities. 

· Perform the budgeting and forecasting cycle

· Plan and direct technology development efforts to facilitate timely, reliable, and useful delivery of financial information.

· Oversight of the US Bank Group’s account reconciliation and control processes and tools.

· Research reporting requirements for new bank products or resulting from new guidance.

· Advise the US Banking Group’s CFO, and the individual bank CFO’s, on accounting and reporting matters relevant to the banks. 

 

Job Requirements:

· Bachelor’s degree and CPA certification are required.

· Controller or Reporting Manager experience in a financial services company, or senior manager experience in public accounting serving financial services companies.

· At least 10 years experience working in the financial services industry, or auditing financial services companies.

· Strong knowledge of:

o  Technical accounting literature as it applies to banking activities, especially accounting for all aspects of loans, sales of financial instruments, accounting for investments and derivatives, securitizations accounting, and accounting for the allowance for loan and lease losses.

o  SEC and regulatory reporting requirements and practices of large insured depository institutions.

o  Key safety and soundness laws and regulations applicable to banks, especially those applicable to risk-based capital and qualified thrift lender requirements. 

o  Bank operations, especially internal controls typical of complex banking organizations, as well as SOX and FDICIA internal control assessment and reporting requirements.

o  Applications of technology to bank accounting and reporting activities.