Manager - Financial Reporting - City National Bank
Los Angeles, CA
About the Job
MANAGER - FINANCIAL REPORTING
WHAT IS THE OPPORTUNITY?
Responsible for the oversight of the Company's overall financial reporting function, comprising of audited financial statements, certain aspects of month end close process, management and parent company reporting and analyses, and technical accounting research.
What you will do
+ Ensures the timely, accurate and complete preparation and filing of the bank’s financial statements .
+ Assists with month-end, quarter-end and year-end accounting close processes.
+ Oversees the preparation of various internal management reports including but not limited to Flash, Board of Director and Audit Committee materials.
+ Provides leadership in supporting the Company’s technical accounting needs. Guides the Company and its management on accounting guidance and pronouncements issued by the FASB and other rule-making bodies.
+ Oversees the evaluation of newly issued and proposed accounting pronouncements on the Company’s financial statements, along with implementation of new accounting standards.
+ Develops and maintains the Company’s accounting policies and procedures.
+ Ensures that new, unusual or complex transactions are properly accounted for and documented. These transactions include but are not limited to non-routine transactions, bank initiatives and products and other special projects.
+ Liaise with the accounting, financial and regulatory reporting, and technical accounting functions of the parent company. Ensures that all monthly, quarterly and annual reporting requirements and ad-hoc requests are timely and accurately prepared.
+ Acts as a point of contact between the Company and its independent accounting firm regarding all annual audits and other financial reporting matters.
+ Liaise with bank regulatory examiners during periodic regulatory examinations, consultations and regulatory requests. Ensures that Company’s responses to findings and issues identified during regulatory examinations are appropriately and timely addressed.
+ Provides financial and accounting leadership, due diligence, and post-acquisition integration support for acquisitions and other special projects.
+ Evaluates and develops practices that comply with GAAP and bank regulatory requirements. Establishes new procedures and processes in response to new accounting and reporting requirements, along with continuing to enhance productivity, efficiency, workflow and automation of the financial reporting function.
+ Ensures that proper controls are in place over the financial reporting process.
+ Interfaces with other bank departments and all levels of bank management on accounting and financial reporting matters.
+ Manages and develops professional staff with sufficient knowledge, skills and experience to support the Company’s requirements. Mentor and motivate staff and promote career development.
+ Responsible and accountable for appropriate quality controls related to the financial products the bank provides, the services the bank delivers, the processes employed and the incentives with which colleagues are awarded.
+ All City National products, financial solutions and services are to be provided ethically and with integrity in a manner that is consistent with the client-first culture and values embodied in City National’s PRIDE statement.
Must-Have*
+ Bachelor's Degree or equivalent
+ Minimum 10 years accounting or reporting experience;
+ Minimum 5 years of supervisory/management experience;
+ CPA - Certified Public Accountant
Skills and Knowledge
+ Must have experience at a publicly held financial services institution and/or one of the Big 4 accounting firms.
+ Significant previous accounting experience required.
+ Requires in-depth reporting and technical accounting knowledge.
+ Must have Banking knowledge.
+ Strong presentation skills at the most senior levels of management.
+ Strong interpersonal and communication skills; ability to communicate information clearly and accurately, both written and verbal, to all levels of the Company.
+ Effective managerial and organizational skills.
+ Effective project and time management skills.
+ Strong quantitative analysis skills and excellent knowledge of financial/accounting reporting systems and software tools, GAAP principles and internal control procedures.
+ Ability to build positive relationships both within the Finance Division and throughout the bank and collaborate and influence across departments, functions and levels of management.
+ Must be capable of establishing professional expertise through integrity, dedication, and strategic counsel. Must be capable of inspiring confidence and respect in staff and motivate colleagues to achieve finance division and company goals.
Compensation
Starting base salary: $111,408 - $189,738 per year. 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 (https://image.emails.cnb.com/lib/fe5e15707c640c78771c/m/10/cbedd856-c2fc-491b-a625-3ab7a0fd9a65.pdf) .
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
We start with a basic premise: Business is personal. Since day one we've always gone further than the competition to help our clients, colleagues and community flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to drive phenomenal growth today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies.
WHAT IS THE OPPORTUNITY?
Responsible for the oversight of the Company's overall financial reporting function, comprising of audited financial statements, certain aspects of month end close process, management and parent company reporting and analyses, and technical accounting research.
What you will do
+ Ensures the timely, accurate and complete preparation and filing of the bank’s financial statements .
+ Assists with month-end, quarter-end and year-end accounting close processes.
+ Oversees the preparation of various internal management reports including but not limited to Flash, Board of Director and Audit Committee materials.
+ Provides leadership in supporting the Company’s technical accounting needs. Guides the Company and its management on accounting guidance and pronouncements issued by the FASB and other rule-making bodies.
+ Oversees the evaluation of newly issued and proposed accounting pronouncements on the Company’s financial statements, along with implementation of new accounting standards.
+ Develops and maintains the Company’s accounting policies and procedures.
+ Ensures that new, unusual or complex transactions are properly accounted for and documented. These transactions include but are not limited to non-routine transactions, bank initiatives and products and other special projects.
+ Liaise with the accounting, financial and regulatory reporting, and technical accounting functions of the parent company. Ensures that all monthly, quarterly and annual reporting requirements and ad-hoc requests are timely and accurately prepared.
+ Acts as a point of contact between the Company and its independent accounting firm regarding all annual audits and other financial reporting matters.
+ Liaise with bank regulatory examiners during periodic regulatory examinations, consultations and regulatory requests. Ensures that Company’s responses to findings and issues identified during regulatory examinations are appropriately and timely addressed.
+ Provides financial and accounting leadership, due diligence, and post-acquisition integration support for acquisitions and other special projects.
+ Evaluates and develops practices that comply with GAAP and bank regulatory requirements. Establishes new procedures and processes in response to new accounting and reporting requirements, along with continuing to enhance productivity, efficiency, workflow and automation of the financial reporting function.
+ Ensures that proper controls are in place over the financial reporting process.
+ Interfaces with other bank departments and all levels of bank management on accounting and financial reporting matters.
+ Manages and develops professional staff with sufficient knowledge, skills and experience to support the Company’s requirements. Mentor and motivate staff and promote career development.
+ Responsible and accountable for appropriate quality controls related to the financial products the bank provides, the services the bank delivers, the processes employed and the incentives with which colleagues are awarded.
+ All City National products, financial solutions and services are to be provided ethically and with integrity in a manner that is consistent with the client-first culture and values embodied in City National’s PRIDE statement.
Must-Have*
+ Bachelor's Degree or equivalent
+ Minimum 10 years accounting or reporting experience;
+ Minimum 5 years of supervisory/management experience;
+ CPA - Certified Public Accountant
Skills and Knowledge
+ Must have experience at a publicly held financial services institution and/or one of the Big 4 accounting firms.
+ Significant previous accounting experience required.
+ Requires in-depth reporting and technical accounting knowledge.
+ Must have Banking knowledge.
+ Strong presentation skills at the most senior levels of management.
+ Strong interpersonal and communication skills; ability to communicate information clearly and accurately, both written and verbal, to all levels of the Company.
+ Effective managerial and organizational skills.
+ Effective project and time management skills.
+ Strong quantitative analysis skills and excellent knowledge of financial/accounting reporting systems and software tools, GAAP principles and internal control procedures.
+ Ability to build positive relationships both within the Finance Division and throughout the bank and collaborate and influence across departments, functions and levels of management.
+ Must be capable of establishing professional expertise through integrity, dedication, and strategic counsel. Must be capable of inspiring confidence and respect in staff and motivate colleagues to achieve finance division and company goals.
Compensation
Starting base salary: $111,408 - $189,738 per year. 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 (https://image.emails.cnb.com/lib/fe5e15707c640c78771c/m/10/cbedd856-c2fc-491b-a625-3ab7a0fd9a65.pdf) .
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
We start with a basic premise: Business is personal. Since day one we've always gone further than the competition to help our clients, colleagues and community flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to drive phenomenal growth today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies.
Source : City National Bank