Financial Assistant (Donor Advised Funds) - City National Bank
Wilmington, DE 19808
About the Job
FINANCIAL ASSISTANT DONOR ADVISED FUNDS WHAT IS THE OPPORTUNITY? As a member of the Donor Advised Fund (DAF) team, this position supports the DAF offering
DAFs sponsored by The American Gift Fund (AGF), an independent 501(c)(3) public charity founded by the predecessors of RBC Trust Company (Delaware) Ltd
(RBCT) in 1998 and governed by an independent Board of Directors, are administered by the DAF team
RBCT serves as Trustee and provides certain investment management and administrative services pursuant to a service agreement
RBCT is a wholly owned subsidiary of City National Bank (CNB), an RBC Company
This position will be a colleague of the bank, subject to its human resources, and responsible for the administration of the day-to-day activities of DAF
As part of a dedicated and collaborative team, while supporting and reporting to the Principal Financial Officer, this position is responsible for supporting the financial reporting requirements of DAF
The Financial Officer supports the preparation of all financial reports and acts as a supporting liaison between the bank and DAFs auditors and State filing consultants in support of required annual regularity filings including 990, 990T, Audited Financial Statements, and state submissions
This role also supports initiatives related to process improvements, report automations, policies and procedures documentation and other special projects as needed
The team maintains an absolute user-experience focus while providing expertise in all aspects of client servicing
The position works with both internal and external business partners including financial advisors, investment consultants, and portfolio managers to ensure efficient administration and operation of the DAF offering
What you will do Support the reporting function of the public charity DAF
Work towards meeting and surpassing all internal and external audit requirements
Support interaction between DAF auditors, tax filing consultants, and state filing consultants
Support various accounting and reporting analyses and technical accounting research when needed
Maintain technical understanding of US GAAP and IFRS accounting standards
Partner with DAF team colleagues to ensure optimal user experience
Act as a key contact for internal and external inquiries related to DAF financial results and related management reports
Provide best-in-class client service through timely, thoughtful, and thorough responses to client and partner inquiries
Collaborate and partner with supporting departments and key business partners, including new business, operations, business development, risk, marketing, and accounting to ensure sound and efficient operations
Support and participate in organizational initiatives and projects
Must-Have* Bachelor's Degree or equivalent 2 years of experience financial services, accounting, auditing, or financial reporting of charitable organizations/trusts 2 years of experience with financial reporting software Skills and Knowledge Advanced Degree in Accounting or Finance preferred Certified Public Accountant (“CPA”) preferred Strong sense of ownership, emotional intelligence, and critical thinking, while applying a client-perspective mindset to all responsibilities
Expertise of US GAAP accounting standards, including those relating to public charities
Ability to work independently and manage numerous priorities simultaneously
Ability to execute thoughtful analysis and acting with a sense of urgency and purpose when facing challenges
Ability to interact and effectively communicate with colleagues of various levels of accounting experience
Advanced experience in Microsoft Office (e.g., TEAMS, Excel, Access, Word, PowerPoint) and financial modeling
Ability to think creatively, identify opportunities to improve efficiencies, and work with colleagues to implement solutions
Focus to champion innovation with a relentless drive to improving user experience
Ability to learn new programs and software packages with minimal assistance
Demonstrates the ability to contribute positively in a fully inclusive environment, while having the support, resources, and backing from one of the largest and most prestigious financial organizations
Compensation Starting base salary: $37.96 - $60.64 per hour
Exact compensation may vary based on skills, experience, and location
This job is eligible for bonus and/or commissions
*To be considered for this position you must meet at least these basic qualifications The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification
It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job
Benefits and Perks At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues
Get an inside look at our Benefits and Perks
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT City National Bank is an equal opportunity employer committed to diversity and inclusion
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law
ABOUT CITY NATIONAL City National Bank, a subsidiary of Royal Bank of Canada, is the largest bank headquartered in Los Angeles with $92.03 billion in assets as of April 30, 2024
Founded in 1954, City National provides personalized banking, investment and trust services in select markets including Los Angeles, Orange County, San Diego, the San Francisco Bay Area, New York City, Nashville, Atlanta, Delaware, Las Vegas, Washington D.C
and Miami.* In addition, the company and its investment affiliates manage or administer $96.83 billion in client investment assets
City National is dedicated to strengthening communities, and in 2023 alone, the company made more than $11 million in charitable contributions to nonprofits that support the communities it serves
*City National Bank does business in Miami and the state of Florida as CN Bank
For more information about City National, visit cnb.com
#LI-DN1 #CA-DN1
DAFs sponsored by The American Gift Fund (AGF), an independent 501(c)(3) public charity founded by the predecessors of RBC Trust Company (Delaware) Ltd
(RBCT) in 1998 and governed by an independent Board of Directors, are administered by the DAF team
RBCT serves as Trustee and provides certain investment management and administrative services pursuant to a service agreement
RBCT is a wholly owned subsidiary of City National Bank (CNB), an RBC Company
This position will be a colleague of the bank, subject to its human resources, and responsible for the administration of the day-to-day activities of DAF
As part of a dedicated and collaborative team, while supporting and reporting to the Principal Financial Officer, this position is responsible for supporting the financial reporting requirements of DAF
The Financial Officer supports the preparation of all financial reports and acts as a supporting liaison between the bank and DAFs auditors and State filing consultants in support of required annual regularity filings including 990, 990T, Audited Financial Statements, and state submissions
This role also supports initiatives related to process improvements, report automations, policies and procedures documentation and other special projects as needed
The team maintains an absolute user-experience focus while providing expertise in all aspects of client servicing
The position works with both internal and external business partners including financial advisors, investment consultants, and portfolio managers to ensure efficient administration and operation of the DAF offering
What you will do Support the reporting function of the public charity DAF
Work towards meeting and surpassing all internal and external audit requirements
Support interaction between DAF auditors, tax filing consultants, and state filing consultants
Support various accounting and reporting analyses and technical accounting research when needed
Maintain technical understanding of US GAAP and IFRS accounting standards
Partner with DAF team colleagues to ensure optimal user experience
Act as a key contact for internal and external inquiries related to DAF financial results and related management reports
Provide best-in-class client service through timely, thoughtful, and thorough responses to client and partner inquiries
Collaborate and partner with supporting departments and key business partners, including new business, operations, business development, risk, marketing, and accounting to ensure sound and efficient operations
Support and participate in organizational initiatives and projects
Must-Have* Bachelor's Degree or equivalent 2 years of experience financial services, accounting, auditing, or financial reporting of charitable organizations/trusts 2 years of experience with financial reporting software Skills and Knowledge Advanced Degree in Accounting or Finance preferred Certified Public Accountant (“CPA”) preferred Strong sense of ownership, emotional intelligence, and critical thinking, while applying a client-perspective mindset to all responsibilities
Expertise of US GAAP accounting standards, including those relating to public charities
Ability to work independently and manage numerous priorities simultaneously
Ability to execute thoughtful analysis and acting with a sense of urgency and purpose when facing challenges
Ability to interact and effectively communicate with colleagues of various levels of accounting experience
Advanced experience in Microsoft Office (e.g., TEAMS, Excel, Access, Word, PowerPoint) and financial modeling
Ability to think creatively, identify opportunities to improve efficiencies, and work with colleagues to implement solutions
Focus to champion innovation with a relentless drive to improving user experience
Ability to learn new programs and software packages with minimal assistance
Demonstrates the ability to contribute positively in a fully inclusive environment, while having the support, resources, and backing from one of the largest and most prestigious financial organizations
Compensation Starting base salary: $37.96 - $60.64 per hour
Exact compensation may vary based on skills, experience, and location
This job is eligible for bonus and/or commissions
*To be considered for this position you must meet at least these basic qualifications The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification
It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job
Benefits and Perks At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues
Get an inside look at our Benefits and Perks
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT City National Bank is an equal opportunity employer committed to diversity and inclusion
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law
ABOUT CITY NATIONAL City National Bank, a subsidiary of Royal Bank of Canada, is the largest bank headquartered in Los Angeles with $92.03 billion in assets as of April 30, 2024
Founded in 1954, City National provides personalized banking, investment and trust services in select markets including Los Angeles, Orange County, San Diego, the San Francisco Bay Area, New York City, Nashville, Atlanta, Delaware, Las Vegas, Washington D.C
and Miami.* In addition, the company and its investment affiliates manage or administer $96.83 billion in client investment assets
City National is dedicated to strengthening communities, and in 2023 alone, the company made more than $11 million in charitable contributions to nonprofits that support the communities it serves
*City National Bank does business in Miami and the state of Florida as CN Bank
For more information about City National, visit cnb.com
#LI-DN1 #CA-DN1
Source : City National Bank