Financial Controller II

Truist; Town of Charlotte (NY); On-site; USD 90,000 - 140,000; Full time

Benefits offered by this job

Medical, dental, vision

Life insurance

Disability coverage

401k plan

Vacation and holidays

Job summary

Truist is seeking an experienced accounting professional to lead quality assured financial reporting for Corporate Real Estate activities, with a focus on ASC 842 lease accounting. The role requires collaboration with lease administration, transaction managers, and executive leadership to ensure accurate financial reporting and controls.

The ideal candidate has a Bachelor’s degree in Accounting and 2-3 years of relevant experience, strong analytical skills, and proficiency in MS Office.

Qualifications

• Bachelor’s degree in Accounting or equivalent.
• 2-3 years of accounting/finance experience with complex analysis.
• Knowledge of lease accounting and ASC 842 preferred.
• Ability to lead and communicate with senior leadership.

Responsibilities

• Review lease contracts to determine proper ASC 842 accounting.
• Collaborate with lease administration and transaction managers for accurate activity.
• Ensure proper accounting for non-lease real estate transactions.
• Provide guidance to account for new products and transactions.
• Prepare and review monthly close reporting and analytics.
• Perform variance analysis and identify unusual trends in GL activity.
• Develop standard and ad hoc financial reports and interpretations.
• Oversee SOX controls and internal control structure for lease accounting.

Skills

ASC 842 expertise

GAAP knowledge

Financial analysis

Leadership

Communication skills

Excel proficiency

Financial modeling

Education

Bachelor’s degree in Accounting

Tools

Excel

PowerPoint

Word

Outlook

Job description

Need Help?

Regular or Temporary:

Regular

Language Fluency: English (Required)

Work Shift:

1st shift (United States of America)

Please review the following job description:

Responsible for providing quality assured financial reporting for Corporate Real Estate activities. Serves as a subject matter expert for lease accounting under ASC 842, assisting in maintaining up to date policies, and requesting clarification of existing policies as required. Primary roles include Management Reporting & Analysis, Financial Risk Management (FRM), Financial Reporting, and accounting controls and operations. Responsibilities include management reporting, finance and accounting analytics, internal controls over financial reporting, execution of accounting processes, regulatory reporting, and accounting policy.

Manages deliverables for the team against expected results. Makes judgments about the team’s priorities and approach to work. Identifies and resolves technical, operational, risk management, business, and organizational challenges. Makes leadership decisions within established policies & procedures.

• Review lease contracts to determine proper accounting under ASC 842 and Truist policies. Creating and reviewing accounting appropriate accounting schedules.
• Work closely with lease administration and transaction managers to assist in remain aware of all transactional activity and providing appropriate consultation.
• Help ensure proper accounting for non-lease real estate transactions.
• Provide accounting guidance and support to ensure new products or transactions are accounted for correctly and accounting and financial reporting risks are identified
• Preparation/review of reporting and analyses of monthly results in support of the closing process (EOC and other monthly reporting) and understanding and reviewing financial results
• Subject matter expertise in the identification and querying of the data necessary to prepare and provide value added management reporting
• Account level variance analysis in support of the month-end close process. Includes identifying, analyzing, and interpreting variances and unusual trends in the GL activity
• Preparation/review of standard and enhanced reports, regular and ad hoc analytics, and interpretation of financial results
• Assess accounting impacts of business changes
• Oversight of the internal control structure over processes specific to lease accounting that impact financial reporting; proactively partners with the LOB to ensure accuracy and integrity of processes impacting financial reporting
• Includes understanding, articulating and reviewing results to ensure consistency with GAAP, financial policies, and controls
• Prepare/review reporting and analyses of monthly results for the closing process to identify and mitigate areas representing material financial risk
• Provides support for LOB information enhancement initiatives
• Prepare/review of SEC and Regulatory disclosures and financial filings to ensure the SOX Control structure mitigates financial risk
• Ensures adherence to relevant Financial Management requirements including policies, standards, procedures, internal controls, and record retention
• Support the month end close process
• Analysis of GL activity and results
• Performance of SOX controls
• Preparation of journal entries to record the results of business transactions to the GL
• Works collaboratively with the LOB and SFO teams to ensure accurate recording of transactions to the GL
• Drive process improvement and automation initiatives to streamline workflows and enhance operational effectiveness.
• Preparation, review and oversight of quarterly and annual SEC and Regulatory disclosures and other financial filings
• Support the Corporate Controller and Financial Reporting team on external financial and regulatory reporting matters including certain LOB specific regulatory reporting and internal management reporting. Serves as a subject matter expert on lease accounting under ASC 842, assisting in maintaining up to date policies, and requesting clarification of existing policies as required
• Responsible for monitoring compliance with Corporate accounting policies in the areas of lease accounting
• Responsible for adhering to Truist accounting policies

Required Qualifications

• Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
• Bachelor’s degree in Accounting, or equivalent education and related training.
• 2-3 years of relevant accounting or finance experience that includes complex financial analysis.
• Incumbent must possess the experience and business vision to provide leadership to support to the Corporate Controller and Executive leadership.
• Sound and comprehensive understanding of business and organizational strategies and processes.
• Ability to build consensus through communication and presentation of factual and relevant information.
• Strong verbal and written communication skills to interpret and communicate financial analysis to business partners in a concise and useful manner.
• Strong analytical and problem-solving skills.
• Sound and logical decision-making abilities.
• Demonstrated leadership skills and ability to work well with others in a dynamic, team-oriented environment.
• Familiarity with GAAP, with specific knowledge of lease and property accounting.
• High proficiency in computer applications such as Microsoft Office Excel, PowerPoint, Word, Outlook, and other basic software products.
• Financial Modeling experience.

Preferred Qualifications

• CPA
• Proficient in Essbase/Hyperion, EPM/BPC, or other enterprise accounting software.
• Proficient in CoStar Real Estate Manager.
• Experience with macros/VBA.

General Description of Available Benefits for Eligible Employees of Truist Financial Corporation:

All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position.Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law. Truist is a Drug Free Workplace.