Credit External Reporting Manager
Los Angeles, CA 
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Posted 5 days ago
Job Description
Overview

Overview:

Together, Silicon Valley Bank and First Citizens offer you the strength and stability of a diversified financial institution with a 125-year tradition of service and the personalized approach of a nimble financial partner.

First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Headquartered in Raleigh, N.C., First Citizens has built a unique legacy of strength, stability and long-term thinking that has spanned generations. First Citizens offers an array of general banking services including a network of more than 550 branches in 23 states and commercial banking expertise delivering best-in-class lending, leasing and other financial services coast to coast. Parent company First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a top 20 U.S. financial institution with more than $200 billion in assets.

SVB- Be Part of a Bank Like No Other

When you work with the world's most innovative companies, you know you're making a difference.

Our clients are the game changers, leaders and investors who fuel the global innovation economy. They're the businesses behind the next medical breakthroughs. And the visionaries whose new technologies could transform the way people live and work.

They come to SVB for our expertise, deep network and nearly forty years of experience in the industries we serve, and to partner with diverse teams of passionate, enterprising SVBers, dedicated to an inclusive approach to helping them grow and succeed at every stage of their business.

Join us at SVB and be part of bringing our clients' world-changing ideas to life. At SVB, we have the opportunity to grow and collectively make an impact by supporting the innovative clients and communities SVB serves. We pride ourselves in having both a diverse client roster and an equally diverse and inclusive organization. And we work diligently to encourage all with different ways of thinking, different ways of working, and especially those traditionally underrepresented in technology and financial services, to apply.

The Credit External Reporting Manager will play a key role in preparing and reviewing the Credit disclosures as prescribed by U.S. GAAP for the Company's 10-Q and 10-K filings with the SEC and bank regulatory filings such as the Call Report, FR-Y9C, and FR-Y14s. This position is part of the Credit External Reporting team created to support the Large Financial Institution (LFI) reporting requirements, and to ensure compliance with US GAAP and other regulatory agencies' reporting instructions. Key areas of GAAP within this position's scope are ASC 310, ASC 326, ASC 440, and ASC 460.


Responsibilities

  • Manage the quarterly reporting process, including reviewing support and preparing disclosure schedules under both SEC and Regulatory Reporting guidelines.
  • Partner with Accounting Policy and the central reporting teams to research and analyze accounting pronouncements/reporting instructions. Once decisions have been made, lead implement efforts across teams to follow through on resolutions.
  • Execute and thoroughly document procedures to ensure compliance with Credit and Accounting policies, as well as with applicable FASB and Federal Reserve guidance.
  • Perform and document UAT and baselining for updates to our complex data infrastructure.
  • Advise the Advisory Service team to ensure proper accounting and reporting around loan modifications made to borrowers experiencing financial difficulties.
  • Implement and maintain procedures to ensure effectiveness of internal controls.
  • Work on other special and ad-hoc projects related to Credit reporting as required.

The base pay for this position is relative to your experience but the range is generally $107,721.00 to $165,173.00 per year. This position is eligible for variable compensation, which may be in the form of incentive, bonus, or commission pay. First Citizens offers a competitive, comprehensive benefits program which you can review here:

#LI-TB1


Qualifications

This individual will have at least 5+ years of experience with Credit reporting and a distinguished record of performance as an accounting professional.

Preferred skills or qualifications:

This is an accounting role and requires a solid background in accounting and financial reporting, with a preference for the Credit-focused areas of guidance. The successful candidate will have:

  • Proficiency in accounting concepts, US GAAP, and financial reporting
  • Solid technical accounting knowledge and research skills
  • Familiarity with ASC 310 and ASC 326 highly desirable
  • Familiarity with reporting guidelines with respect to the Call Report, FR-Y9C, and/or FR-14s is preferred
  • Excellent verbal and written communication skills
  • Highly organized and attentive to detail
  • Deadline-oriented, across multiple competing priorities
  • Strong Microsoft Office skills-Excel is a must
  • Skilled at problem solving, both independently and within a team
  • Able to synthesize and simplify complex topics into high-level summaries and position proposals
  • Experience in Workiva/Wdesk or Axiom is a plus
  • Experience in SQL, Tableau, PowerBI is a plus
  • Bachelor's degree in business, with a strong preference for accounting or finance.
  • 5+ years relevant experience in accounting, financial reporting, or financial statement audits.
  • Experience working in the banking sector or the financial services
  • Prior experience with a major public accounting firm or large public issuer is highly desirable.
  • A track record of strong performance and progressive levels of responsibility
  • A CPA license is strongly preferred.


We are an Equal Opportunity Employer and do not discriminate against applicants on the bases of race, color, religion, national origin, sex, age, disability, veteran or military status, sexual orientation, gender identity, genetic information, or any other legally protected status.

 

Job Summary
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Education
Bachelor's Degree
Required Experience
5+ years
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