Banking Controls Accounting Manager I

M&T Bank Corporation; Buffalo (NY); On-site; USD 62,000 - 104,000; Full time

Job summary

M&T Bank Corporation, based in Buffalo, New York, seeks an accounting leader to oversee financial reporting and reconciliations across Bank product accounting systems. You will supervise staff, ensure deadlines are met, and maintain GAAP and regulatory compliance while supporting audits and internal controls enhancements.

Required: Bachelor's in Accounting and 2+ years of related experience; 1+ year in supervision.

Qualifications

• Bachelor's degree in accounting or related field required.
• 1+ year of supervisory or team-lead experience.
• Accounting experience in financial services preferred.

Responsibilities

• Oversee production of financial reports and reconciliations for Bank product accounting systems.
• Manage reconciliation of incoming/outgoing funds affecting GL and third-party-owned portfolios.
• Train and supervise staff to meet internal/external deadlines with accuracy.
• Support cost-reduction initiatives and control enhancements across the unit.
• Monitor controls and risk; ensure compliance with GAAP and regulatory requirements.
• Participate in internal/external audits and provide updates to senior management.

Skills

Leadership

GAAP knowledge

Financial reporting

Education

Bachelor's in Accounting

MBA

Job description

Overview

Manages the production of financial reports and reconciliations of various Bank product accounting systems to provide timely data for internal and external partners. Manages the reconciliation of incoming and outgoing funds affecting the Bank's general ledger and/or accounting for the Bank's third party-owned portfolio. Provides oversight and supervision to ensure all internal and external deadlines are met, while providing accurate reporting. Remains current on regulatory, GAAP (Generally Accepted Accounting Principles) or third party guidelines and manages procedural updating to accommodate changes. Monitors and participates in external and internal audits. Participates in department or COE-wide projects as necessary.

Primary Responsibilities

Manage the production of financial reports and reconciliations of various Bank product accounting systems to provide timely data for internal and external partners. Manage the reconciliation of incoming and outgoing funds affecting the Bank’s general ledger and/or accounting for the Bank’s third party-owned portfolio. Ensure assigned staff is fully trained in required responsibilities and that all internal and external deadlines are met, while maintaining accuracy. Provide input to develop strategies to reduce costs within the unit, while ensuring adequate controls are maintained. Support business line initiatives and their impacts to operations from an accounting perspective. Participate, assess and implement changes related to business line projects. May manage vendor relationships. Monitor procedures and performance to ensure processes remain compliant with Bank policies, GAAP, regulatory and/or contractual requirements. Monitor the effectiveness of controls and risk assessment within department processes. Participate in internal and external audits and manage to the results. Contribute to senior management updates as required. Exercise usual authority of a manager concerning staffing, performance appraisals, promotions, salary recommendations, performance management and terminations. Understand and adhere to the Company’s risk and regulatory standards, policies and controls in accordance with the Company’s Risk Appetite. Design, implement, maintain and enhance internal controls to mitigate risk on an ongoing basis. Identify risk-related issues needing escalation to management. Promote an environment that supports belonging and reflects the M&T Bank brand. Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable. Complete other related duties as assigned.

Education and Experience Required

• Bachelor’s degree and a minimum of 2 years’ related work experience, or in lieu of a degree, a combined minimum of 6 years’ higher education and/or work experience, including a minimum of 2 years’ related work experience
• Minimum of 1 years’ work leadership or supervisory experience

Education and Experience Preferred

• Bachelor’s degree in Accounting
• Master’s degree in Business Administration (MBA)
• Minimum of 1 year’s supervisory experience
• Accounting experience in a financial services firm
• Familiarity with loan and deposit servicing

Location

Buffalo, New York, United States of America

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $62,200.00 - $103,600.00 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.

Great companies have an enduring sense of purpose. At M&T, our purpose is a simple one: make a difference in people’s lives and uplift the communities we serve. M&T Bank Corporation is a financial holding company headquartered in Buffalo, New York. M&T’s affiliates offer advice, guidance, expertise and solutions across the entire financial spectrum, combining M&T Bank’s traditional banking services with the wealth management and institutional capabilities offered by Wilmington Trust. M&T Bank has a network of over 1,000 branches and 2,200 ATMs that span 12 states from Maine to Virginia and Washington, D.C. For more than 165 years, M&T has strived to take an active role in our communities and build long-lasting relationships with our customers. We are a bank for communities—combining the capabilities of a large bank with the care of a locally focused institution. As an employer of choice, we are proud to offer competitive benefits ranging from medical and retirement to forty hours of paid volunteer time, each year. Our core values – integrity, ownership, collaboration, curiosity, and candor – drive the work we do. We seek to further build upon our record of success by bringing in top talent and fresh skill sets while continuing to support the growth and development of all our team members. View M&T’s Human Capital Report to learn more.

M&T Bank is unwavering when it comes to providing equal employment opportunities to all employees and applicants without regard to race, color, national origin, religion, ethnicity, sex, gender identity, age, disability, citizenship, pregnancy, veteran status, military status, marital status, sexual orientation, genetic information or any other characteristic protected under applicable federal, state or local laws.

M&T Bank Corporation has policies and procedures in place to promote a drug free workplace.

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