Principal Associate, Commercial Accounting

Capital One; Wilmington (DE); On-site; USD 110,000 - 125,000; Full time

Job summary

Capital One seeks a Principal Accounting Associate to join the Controllers Group, focusing on accounting, financial analysis and process improvements. You will coordinate with LIHTC and Alternative Energy investments, prepare SEC reports, and present results to management.

The role requires strong communication, analytical, problem solving and organizational skills, and the 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.
• CPA license (preferred).
• 5+ years of experience in accounting, external financial reporting, audit, or finance, or a combination.
• Experience in the Financial Services industry (preferred).

Responsibilities

• Prepare and review accounting activities, such as journal entries and reconciliations, analytics and support and prepare external SEC 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 offerings (LIHTC and Alternative Energy), and assess new or changing business initiatives to determine impact on processes and VIE/Consolidation reporting.
• Respond to requests from Finance and key business partners, associates throughout the Controllers group, Operation teams, and external and internal auditors.
• Present results, findings, risks and recommendations to leadership and stakeholders.
• Collaborate with several teams across the organization on 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

Analytical skills

Communication

Problem solving

Organizational skills

Self-starter

Education

Bachelor's Degree or military experience

Tools

Microsoft Office

Job description

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, Operation 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

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.

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.

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.

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).