Full-Time

Senior Financial Reporting Analyst

Confirmed live in the last 24 hours

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Mid, Senior

Charlotte, NC, USA

Requires 4 days in the office starting October 1st.

Category
Financial Accounting
Financial Analysis
Governmental Accounting
Accounting
Required Skills
Data Analysis
Requirements
  • Bachelor’s degree in Accounting, Finance, Business Administration or equivalent education and related training
  • Four years of relevant accounting or accounting policy experience; Understanding of GAAP and SEC/Regulatory Reporting.
  • Ability to take direction and then work independently to complete tasks while considering broader implications or necessary additional analysis.
  • Ability to build consensus through communication and presentation of factual and relevant information.
  • Strong verbal and written communication skills. Strong analytical and problem-solving skills.
  • Sound and logical decision-making abilities.
  • Ability to work well with others in a dynamic, team-oriented environment.
  • Ability to work under difficult time constraints.
  • Proficiency in computer applications such as Microsoft Office Excel, PowerPoint, Word, Outlook, and other basic software products.
Responsibilities
  • Collaborate and work across the Finance division to ensure integrity of the financials and ensures sound controls and procedures.
  • Support reporting and analysis for additional constituencies, including Board of Directors, Investor Relations, and various regulatory agencies.
  • Compile, review, analyze, and submit timely and accurate reporting in accordance with complex GAAP and Regulatory Reporting Requirements.
  • Ensure that source data is reliable, complete and documentation is maintained to support data integrity initiatives.
  • Interpret and summarize results and trends for Senior Leadership.
  • Apply knowledge of best practices derived from experience to assist in solving problems of higher operational or technical complexity by analyzing possible solutions using data analysis, experience, judgment and precedents.
  • Draft materials to senior leadership summarizing issues and communicating solutions.
  • Subject matter expert on accounting and regulatory reporting requirements, and reporting processes for assigned area of responsibility.
  • Maintain technical and working knowledge of generally accepted accounting principles (GAAP), building expertise related to assigned area of responsibility.
  • Broaden understanding on more complex accounting and regulatory reporting matters.
  • Coordinate with internal and external audits and examinations (responses to External and Regulatory requests are to be made in collaboration with other business units).
  • Assist in risk management governance and business continuity planning processes as necessary.
  • Maintain a strong working relationship with supported business area to complete tasks and deliver high quality work.
  • Build relationships with cross-functional departments to broaden knowledge and solve more complex situations.

Truist offers a platform for Registered Investment Advisors (RIAs) to improve their operations and client services. The platform includes tools like live chat support, commission-free trading, and an automated rebalancer, allowing RIAs to manage their businesses more efficiently and serve more clients at lower costs. Unlike competitors, Truist provides these services for free and monetizes through a custodian service that helps RIAs reduce overhead. The goal is to empower RIAs to grow their businesses and enhance client experiences.

Company Stage

Series E

Total Funding

$437.2M

Headquarters

Culver City, California

Founded

N/A

Growth & Insights
Headcount

6 month growth

24%

1 year growth

38%

2 year growth

74%
Simplify Jobs

Simplify's Take

What believers are saying

  • The recent $169M Series E funding round indicates strong investor confidence and provides substantial capital for further innovation and expansion.
  • Collaborations with leading providers like Orion Advisor Solutions and Kwanti enhance Altruist's platform capabilities, making it more attractive to RIAs.
  • Acquiring Shareholders Service Group expands Altruist's service offerings and client base, positioning it to compete with industry giants like Schwab and Fidelity.

What critics are saying

  • The competitive landscape in the RIA market includes established players like Schwab and Fidelity, which could challenge Altruist's growth and market penetration.
  • Rapid expansion and multiple integrations may lead to operational complexities and potential service disruptions.

What makes Truist unique

  • Altruist offers a simplified tech stack specifically designed for RIAs, unlike broader financial platforms that cater to multiple financial service providers.
  • Their commission-free fractional share trading and automated rebalancer features provide cost-effective solutions that are not commonly bundled together in competing platforms.
  • The vertically-integrated custodian service allows Altruist to streamline operations and reduce overhead costs for RIAs, setting it apart from traditional custodial services.

Help us improve and share your feedback! Did you find this helpful?