Principal Associate, Commercial Accounting

Capital One; Richmond (VA); On-site; USD 110,000 - 125,000; Full time

Job summary

Capital One in Richmond, VA is seeking a Principal Associate in Commercial Accounting to support LIHTC and Alternative Energy equity investments within the Controllers Group. You will handle journal entries, reconciliations, analytics, and prepare SEC and regulatory reporting with presentation to management.

The role requires collaboration with business partners, strong communication, and ability to manage multiple priorities in a fast-paced environment.

Qualifications

• Bachelor's Degree or military experience.
• At least 3 years of experience in accounting, external financial reporting, audit, finance, or a combination.
• At least 2 years of experience with Google Office or Microsoft Office products, or a combination.

Responsibilities

• Prepare and review accounting-related activities, such as journal entries and reconciliations, analytics and support and prepare external Securities and Exchange Commission and regulatory reports, including documentation and presentation of results to management and senior leadership
• Serve as the main point of contact engaging with business partners on Tax Credit Investment product offerings, primarily LIHTC and Alternative Energy investments, and assess new or changing business initiatives to determine the impact on existing processes, as well as VIE/Consolidation reporting
• Respond to requests from Finance and key business partners, associates throughout the Controllers group, Operations teams, and external and internal auditors
• Present results, findings, risks and recommendations to leadership and stakeholders
• Collaborate with several teams across the organization on various corporate initiatives
• Contribute to process improvement through project development and knowledge sharing
• Participate in key corporate projects such as technology and data transformation, process improvement, and business initiatives
• Collaborate with internal and external partners to resolve issues and stay connected on process or product changes

Skills

Accounting experience

Office software

Education

Bachelor's degree or military experience

Tools

Microsoft Office

Google Workspace

Job description

Principal Associate, Commercial Accounting

We are seeking a highly motivated accountant to join the Controllers Group as a Principal Accounting Associate with a focus on accounting, financial analysis, and process improvements. We are looking for a new team member to support our Low-Income Housing Tax Credit (LIHTC) and Alternative Energy equity investment businesses. The role requires close partnership with our business contacts to coordinate and deliver key results, project initiatives and documentation. The team member should possess strong written and verbal communication skills, as well as strong analytical, problem solving and organizational skills. The team member will be a self-starter responsible for managing multiple priorities and meeting deadlines in a fast paced, time-sensitive environment. The Controllers Group supports the financial implementation of new products, services, and systems with countless opportunities for knowledge growth.

In this role you will:

• Prepare and review accounting-related activities, such as journal entries and reconciliations, analytics and support and prepare external Securities and Exchange Commission and regulatory reports, including documentation and presentation of results to management and senior leadership
• Serve as the main point of contact engaging with business partners on Tax Credit Investment product offerings, primarily Low-Income Housing Tax Credit (LIHTC) and Alternative Energy investments, and assess new or changing business initiatives to determine the impact on existing processes, as well as VIE/Consolidation reporting
• Respond to requests from Finance and key business partners, associates throughout the Controllers group, Operations teams, and external and internal auditors
• Present results, findings, risks and recommendations to leadership and stakeholders
• Collaborate with several teams across the organization on various corporate initiatives
• Contribute to process improvement through project development and knowledge sharing
• Participate in key corporate projects such as technology and data transformation, process improvement, and business initiatives
• Collaborate with internal and external partners to resolve issues and stay connected on process or product changes

Basic Qualifications:

• Bachelor's Degree or military experience
• At least 3 years of experience in accounting, external financial reporting, audit, finance, or a combination
• At least 2 years of experience with Google Office or Microsoft Office products, or a combination

Preferred Qualifications:

• Certified Public Accountant (CPA) license
• 5+ years of experience in accounting, external financial reporting, audit, or finance, or a combination
• Experience in the Financial Services industry

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.

This role is also eligible to earn performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI). Incentives could be discretionary or non discretionary depending on the plan.

Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being.

Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.

This role is expected to accept applications for a minimum of 5 business days.

No agencies please.

Salary information varies by location as below:

• McLean, VA: $120,800 - $137,900 for Principal Associate, Accounting
• Richmond, VA: $109,900 - $125,400 for Principal Associate, Accounting
• Wilmington, DE: $109,900 - $125,400 for Principal Associate, Accounting

Candidates hired to work in other locations will be subject to the pay range associated with that location, and the actual annualized salary amount offered to any candidate at the time of hire will be reflected solely in the candidate’s offer letter.

Capital One is an equal opportunity employer (EOE, including disability/vet) committed to non-discrimination in compliance with applicable federal, state, and local laws. Capital One promotes a drug-free workplace. Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; New York City’s Fair Chance Act; Philadelphia’s Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.

If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at [e-mail]. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations. For technical support or questions about Capital One's recruiting process, please send an email to [e-mail].

Capital One does not provide, endorse nor guarantee and is not liable for third-party products, services, educational tools or other information available through this site. Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC). At Capital One, we’re building a leading information-based technology company. Still founder-led by Chairman and Chief Executive Officer Richard Fairbank, Capital One is on a mission to help our customers succeed by bringing ingenuity, simplicity, and humanity to banking. We measure our efforts by the success our customers enjoy and the advocacy they exhibit.