Full-Time

Senior Financial Reporting Manager

Posted on 9/10/2024

Truist

Truist

501-1,000 employees

Platform for Registered Investment Advisors' operations

Fintech
Financial Services

Senior

Charlotte, NC, USA

Category
Financial Accounting
Financial Analysis
Accounting
Required Skills
Data Analysis
Requirements
  • Bachelor’s degree in Accounting, Finance, Business Administration or equivalent education and related training.
  • Eight years of relevant accounting or accounting policy experience;
  • Understanding of GAAP and SEC/Regulatory Reporting.
  • Intelligent, strong and decisive leadership within an organization as a result of high integrity, intellectual clarity, and a passion for excellence; strong leadership abilities including proactive thinking and teamwork to drive the best business decisions.
  • Strong personal and professional ethics with impeccable integrity.
  • High energy level and strong work ethic to meet the demands of a fast paced, goal driven environment; results orientation, which includes meeting commitments, performance metrics, and targeted and required delivery dates.
  • Self-motivated with the ability to work without supervision.
  • Ability to work under difficult time constraints and manage multiple resources, priorities and projects.
  • Strong team orientation; eagerness to pitch in and help larger teams meet goals and responsibilities.
  • Excellent technical and research skills; excellent communication and presentation skills; excellent critical and conceptual thinking, problem solving ability and analytical skills; excellent interpersonal skills across internal and external organizational levels.
  • Demonstrated proficiency in computer applications, such as Microsoft Office software products, with an emphasis on spreadsheet, word processing and database software.
  • Master’s or advanced degree in Business or Accountancy Certified Public Accountant (CPA) designation (Preferred).
  • Strong technical accounting knowledge (Preferred).
  • Prior supervisory experience (Preferred).
  • Prior experience working for a large, SEC-registered financial institution or senior manager-level public accountant with extensive bank experience (Preferred).
  • Prior experience as an examiner of financial reports for either the Office of the Comptroller of the Currency (OCC), FRB or FDIC (Preferred).
  • Proficient in Essbase/Hyperion, EPM/BPC, and Workiva (Preferred).
Responsibilities
  • Direct and manage staff in the performance of a variety of accounting and financial reporting activities.
  • Ensure the accurate and timely preparation, review, production and distribution of internal and external corporate and bank financial reports and data submissions, including reports distributed to or filed with the Truist Board of Directors and Executive Leadership, Securities and Exchange Commission (SEC), Federal Deposit Insurance Corporation (FDIC) and Federal Reserve Board (FRB).
  • Provide leadership and mentoring to other financial reporting staff.
  • 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.
  • Provide leadership, talent development, and mentoring for team members to improve their own technical expertise; review and approve work of other team members.
  • Foster a team environment that promotes diversity and inclusion broadly across the organization.
  • Ensure that changes to reporting process workflow and/ or data source are documented and communicated to downstream reporting groups.
  • 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.
  • Subject matter expert with continued broadening of understanding on more complex accounting and regulatory reporting matters.
  • Provide thought leadership in the design, execution and implementation of process changes and internal controls for new accounting and regulatory reporting requirements.
  • Apply knowledge of best practices derived from experience to identify and solve problems of higher technical or operational complexity by leading analysis of possible solutions using data analysis, experience, judgment and precedents.
  • Take a new perspective on existing solutions to propose innovative solutions.
  • Initiate and assist in implementing long-term solutions.
  • Prepare and review materials to senior leadership summarizing issues and communicating solutions.
  • Provide vision and leadership on reporting strategies, improvements and upgrades, and develop comprehensive information delivery strategies for financial reporting and reconcilement.
  • Develop strategies to improve the timeliness, availability and usefulness of financial information.
  • Ensure data integrity, accuracy and availability of internal and external reports.
  • Coordinate with internal and external audits and examinations (responses to External and Regulatory requests are to be made in collaboration with other business units).
  • Review and update policies and procedures for compliance with governmental regulations and corporate polices and standards.
  • Coordinate development of new accounting processes and procedures, as needed.
  • Assist in risk management governance and business continuity planning processes as necessary.
  • Leverage working relationship with supported business areas and cross-functional departments to complete complex tasks and deliver high quality work.
  • Initiate process improvements across broad organizational processes to address internal/external challenges.

Truist offers a platform for Registered Investment Advisors (RIAs) to improve their operations and client services. Its features include live chat support, commission-free fractional share trading, a model marketplace, and an automated rebalancer, which help RIAs manage their businesses more efficiently. Unlike competitors, Truist provides these services for free and monetizes through a vertically-integrated custodian service, aiming to reduce overhead costs for RIAs. The company's 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

2018

Growth & Insights
Headcount

6 month growth

24%

1 year growth

43%

2 year growth

77%
Simplify Jobs

Simplify's Take

What believers are saying

  • Altruist raised $169M in Series E funding, boosting growth potential.
  • Partnerships with Orion and Kwanti enhance platform capabilities and market reach.
  • Increased demand for digital financial services aligns with Altruist's offerings.

What critics are saying

  • Competition from Betterment and Wealthfront could erode Altruist's market share.
  • Rapid tech advancements may strain Altruist's resources if not managed well.
  • Integration with third-party providers may lead to data security vulnerabilities.

What makes Truist unique

  • Altruist offers a simplified tech stack for RIAs, enhancing operational efficiency.
  • The platform includes commission-free fractional share trading and automated rebalancing.
  • Altruist provides original content, offering actionable insights for independent financial advisors.

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