Truist Director Accounting 

United States, North Carolina, Charlotte 

858720370

Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.

• Research appropriate accounting treatment and provide expert advice, on an as-needed basis, for complex transactions or financial matters for Truist Financial Corporation and its subsidiaries to ensure compliance with GAAP, regulatory reporting and affiliate transaction requirements.
• Such complex issues include, but are not limited to, the accounting for mergers, acquisitions and divestitures, credit losses, derivatives and hedge accounting, foreign exchange, transfers of financial assets, fair value, gross vs. net classification, revenue recognition, variable interest entities, leases, employee benefit plans, classification of expenses, specialized industry accounting and the determination of regulatory capital.
• Manage the accounting for highly complex transactions and GAAP and regulatory reporting requirements for all assigned functions.
• Responsibilities include accurate financial reporting and adequate internal controls, preventing or detecting financial reporting fraud and ensuring that Truist complies with applicable Accounting Policies and Standards.
• Promulgate firm-wide compliance with the requirements of Regulation W, including the complex valuation of covered exposures in relation to the Bank's quantitative limitations.
• Oversee and coordinate the financial statement close, profit planning and forecasting for all assigned functions.
• Ensure timely and accurate posting of all journal entries and accounting adjustments, including those related to complex transactions, and ensure required account reconciliations are completed on a timely basis.
• Ensure intercompany transactions are properly identified for consolidation and affiliate transaction evaluation and monitoring purposes.
• Analyze preliminary financial results in connection with the close process in order to identify significant or unusual activity that may require adjustment or disclosure in connection with Truist's internal or external financial reporting.
• Oversee preparation of monthly and quarterly financial statement close schedules and other reporting required to effectively communicate Truist's financial position and results of operations.
• Closely monitor the standard setting process of the Financial Accounting Standards Board ("FASB,") United States Securities and Exchange Commission ("SEC,") the Federal Deposit Insurance Corporation ("FDIC,") the Federal Reserve Board ("FRB") and various state regulatory agencies to ensure that all relevant proposed changes to GAAP and other reporting requirements are understood.
• Communicate with Executive Leadership, the BU CFO organization and other members of the Senior Leadership Team, as applicable, the impact these standards and requirements will have on Truist's financial position and results of operations.
• Oversee the implementation of new accounting or external reporting requirements, which includes development of accounting, regulatory reporting and affiliate transaction policies and standards, design of operational processes necessary to ensure full compliance with any new requirements, and the development of the related internal control framework related to these new processes.
• Ensure appropriate change management processes over GAAP and regulatory reporting changes.
• Proactively provide counsel to Executive Leadership, Senior Leadership and Financial
• Management on complex accounting and external reporting issues.
• Develop conceptual frameworks to assist senior leaders in understanding the accounting and reporting requirements specific to new and highly complex accounting pronouncements.
• Analyze, evaluate and provide accounting guidance in response to inquiries from auditors, regulators and others regarding specific transactions, issues and other matters.
• Ensure the design and implementation of adequate processes and controls to comply with relevant GAAP and to prevent significant deficiencies and material weaknesses in internal control over financial reporting.
• Support ERM and the Risk Management Organization through the effective identification, measurement, and mitigation of GAAP risk.
• Communicate GAAP risks in a timely manner. Adhere to risk policies, procedures, and regulatory requirements.
• Support business and corporate risk management objectives.
• Develop appropriate policies and procedural documentation to effectively manage the risk of GAAP non-compliance.
• Ensure the continual effectiveness of any systems implemented and utilized in the management of GAAP risk.
• Oversee the preparation and review of relevant sections of the SEC Forms 10-K and 10-Q, FDIC Call Report, Federal Reserve Y-9C and Pillar 3 disclosures.
• Review drafts of the quarterly press release, Forms 10-K and 10-Q, and other regulatory reporting and provide feedback as necessary to ensure that all such reporting appropriately reflects Truist's financial position and results of operations in compliance with GAAP and regulatory requirements.
• Prepare the financial statement disclosure checklist on a quarterly basis.
• Coordinate efforts to respond to annual SEC comment letters by working with appropriate BU personnel and the BU CFO organization to collect relevant background information, drafting comment responses and incorporating feedback into the final version of the letter submitted to the SEC.
• Represent Truist in various banking organizations via active participation in periodic meetings and committees.
• Use industry contacts to assess accounting standard and regulatory reporting implementation efforts.
• Participate in peer-bank accounting policy forums and industry professional organizations to discuss and influence significant accounting policy issues for the banking industry.
• Comment on proposed new accounting standards and regulatory reporting rulemaking, including in conjunction with relevant industry associations, advocating on behalf of Truist and, where applicable, the broader banking industry.
  

Required Qualifications:

The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Bachelor's degree in Accounting, Finance, Business Administration or equivalent education and related training
• Certified Public Accountant (CPA) designation; strong technical accounting knowledge
• Fifteen years of relevant accounting or accounting policy experience; twelve years of leadership and supervisory experience
• Intelligent, strong and decisive leadership within an organization as a result of high integrity, intellectual clarity, and a passion for excellence; strong leadership abilities including proactive thinking and teamwork to drive the best business decisions
• Strong personal and professional ethics with impeccable integrity
• High energy level and strong work ethic to meet the demands of a fast paced, goal driven environment; results orientation, which includes meeting commitments, performance metrics, and targeted and required delivery dates
• Self-motivated with the ability to work without supervision; ability to work under difficult time constraints and manage multiple resources, priorities and projects
• Strong team orientation; eagerness to pitch in and help larger teams meet goals and responsibilities
• Excellent technical and research skills; excellent communication and presentation skills; excellent critical and conceptual thinking, problem solving ability and analytical skills; excellent interpersonal skills across internal and external organizational levels
• Demonstrated proficiency in computer applications, such as Microsoft Office software products, with an emphasis on spreadsheet, word processing and database software

Preferred Qualifications:

• Master's or advanced degree in Business or Accountancy
• Prior experience working for a large, SEC-registered financial institution or senior manager-level public accountant with extensive bank experience