Financial Reporting Vice President - SMBC
Jersey City, NJ 07311
About the Job
SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.
In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization’s extensive global network. The Group’s operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC Rail Services LLC, Manufacturers Bank, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.
The anticipated salary range for this role is between $92,000.00 and $170,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.
Role Description
SMBC is seeking a VP position to work within Controllers department at Jersey City location. This position will support Americas Division’s New York Bank Accounting Team, which is responsible for adjustment entries, general ledger and chart of account maintenance, balance sheet substantiation and end user computing controls across all the entities in the division.
Responsibilities
- Prepare Monthly and Quarterly adjustments and assist with month-end and quarter-end book closing
- Maintain general ledger and chart of accounts including month end close procedures, new account opening, closing of old accounts, account mapping etc.
- Support balance sheet substantiation process in the New York Branch, working with controllers across the entities and ensuring the completeness on time, identification and resolution of any issues.
- Communicate with the stakeholders for any accounting and reporting issues
- Deal with internal or external auditors' requests
- Support development and implementation of effective internal control and reporting procedures to improve operational performance and minimize the financial reporting risks
- Manage and support various projects related to general ledger and control enhancement across the controllers team.
- Assist with special projects
Qualifications and Skills
- 7 to 8 years of experience in Financial Accounting or Audit
- Bachelor’s Degree in Accounting
- 3 to 5 years of experience in financial services sector, financial institutions or public accounting experience is preferrable
- Experience with Microsoft Office applications - Excel, Word, Access and PowerPoint
- Experience with Oracle Cloud or any other GL applications
- Knowledge of US GAAP
- Excellent analytical, communication and problem-solving skills
- Ability to work effectively and independently
- Ability to manage relationship across various entities and work with various subsidiaries
- Detail oriented and well organized
- Ability to multiple tasks and work with shifting priorities
Additional Requirements
D&I Commitment
Responsible for fostering a culture of diversity and inclusion, holding leaders accountable for creating an inclusive environment through awareness and practice of equity in recruiting, developing, and promoting diverse talent.
SMBC’s employees participate in a hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process.
We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law. SMBC provides reasonable accommodations for employees and applicants with disabilities consistent with applicable law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.