Financial Reporting Analyst - The Ashlar Group
Tampa, FL 33637
About the Job
Client - Major Financial Firm
Duration - 12 + Months (potential for extension)
Location - Tampa, FL 33637
Rate - $48.15/hr on W2 (OT past 40 hours = $72.23/hr)
Job Description:
The Financial Reporting Analyst will conduct on-going quality assurance reviews of regulatory reporting as part of the Quality Assurance Team.
The incumbent will:
• Review the end to end processes used to report U.S. Regulatory Reporting disclosures (FR Y-9C, Call Report, FR Y-14, etc.) to assess the integrity and soundness
• Partner closely with Corporate & Regulatory Reporting, Regional Finance, and Product Control, and will collaborate with FRO Process Leads in Tampa, Costa Rica, Manila and Mumbai.
• Be expected to participate on simultaneous reviews, identify issues and exceptions, develop remediation plans and communicate effectively to senior stakeholders.
The reviews will include:
• Data tracing: reconciling externally reported balances to source documents
• Data profiling: analyzing referential/indicative data elements for data standard anomalies
• Compliance validation: comparing regulatory instructions with internal processes and procedures to ensure compliance.
• Production Reviews: timely validation of reporting including variance analysis
Job Responsibilities:
• Liaise with Operations and Product Control to obtain source system data necessary for the review and analyze data for inconsistencies
• Interface with product and country controllers to obtain customer source data, review contracts and determine if critical data elements were accurately reported; making note of any exceptions.
• Communicate to relevant business contact exceptions and follow through to ensure remediation actions are performed.
• Produce and update and KPIs, metrics, and other presentations
• Provide input on training programs
• Participate in Internal Audit (IA) reviews.
• Facilitate ad hoc and special requests
Qualifications:
• Bachelor's degree in Finance, Accounting, or related field
• Strong Audit previous experience preferred
• 5+ years of Finance, Accounting or Product Control experience, preferably at large financial institution
• Working knowledge of banking products and services, especially loans, deposits, investment securities and derivatives
• Understanding of current accounting principles, policies and financial institution regulatory reporting, particularly FRY-9C, Call Report, FR Y-14
• Solid analytical skills, combined with an ability to deliver analyses in a concise and logical manner
• Experience in working in operations unit requiring coordination across multiple regions and business segments preferred
• Must have strong communication skills (oral and written) to liaise with multiple groups and clearly articulate findings
• Must be assertive and have strong follow up skills
• Strong Microsoft Office, General Ledger Platforms, Product Processors, and Data Warehouses experience
• Must be a proactive and goal-oriented strategic thinker, with ability to identify creative solutions.
• Ability to multi-task under strict deadlines demonstrating independent leadership skills.
• Possess strong team building, planning and project management skills driven by process improvement.
• Strong understanding and appreciation of internal control environment, reporting, and metrics is required.
Duration - 12 + Months (potential for extension)
Location - Tampa, FL 33637
Rate - $48.15/hr on W2 (OT past 40 hours = $72.23/hr)
Job Description:
The Financial Reporting Analyst will conduct on-going quality assurance reviews of regulatory reporting as part of the Quality Assurance Team.
The incumbent will:
• Review the end to end processes used to report U.S. Regulatory Reporting disclosures (FR Y-9C, Call Report, FR Y-14, etc.) to assess the integrity and soundness
• Partner closely with Corporate & Regulatory Reporting, Regional Finance, and Product Control, and will collaborate with FRO Process Leads in Tampa, Costa Rica, Manila and Mumbai.
• Be expected to participate on simultaneous reviews, identify issues and exceptions, develop remediation plans and communicate effectively to senior stakeholders.
The reviews will include:
• Data tracing: reconciling externally reported balances to source documents
• Data profiling: analyzing referential/indicative data elements for data standard anomalies
• Compliance validation: comparing regulatory instructions with internal processes and procedures to ensure compliance.
• Production Reviews: timely validation of reporting including variance analysis
Job Responsibilities:
• Liaise with Operations and Product Control to obtain source system data necessary for the review and analyze data for inconsistencies
• Interface with product and country controllers to obtain customer source data, review contracts and determine if critical data elements were accurately reported; making note of any exceptions.
• Communicate to relevant business contact exceptions and follow through to ensure remediation actions are performed.
• Produce and update and KPIs, metrics, and other presentations
• Provide input on training programs
• Participate in Internal Audit (IA) reviews.
• Facilitate ad hoc and special requests
Qualifications:
• Bachelor's degree in Finance, Accounting, or related field
• Strong Audit previous experience preferred
• 5+ years of Finance, Accounting or Product Control experience, preferably at large financial institution
• Working knowledge of banking products and services, especially loans, deposits, investment securities and derivatives
• Understanding of current accounting principles, policies and financial institution regulatory reporting, particularly FRY-9C, Call Report, FR Y-14
• Solid analytical skills, combined with an ability to deliver analyses in a concise and logical manner
• Experience in working in operations unit requiring coordination across multiple regions and business segments preferred
• Must have strong communication skills (oral and written) to liaise with multiple groups and clearly articulate findings
• Must be assertive and have strong follow up skills
• Strong Microsoft Office, General Ledger Platforms, Product Processors, and Data Warehouses experience
• Must be a proactive and goal-oriented strategic thinker, with ability to identify creative solutions.
• Ability to multi-task under strict deadlines demonstrating independent leadership skills.
• Possess strong team building, planning and project management skills driven by process improvement.
• Strong understanding and appreciation of internal control environment, reporting, and metrics is required.
Source : The Ashlar Group