Senior Financial Reporting Specialist I

Senior Financial Reporting Specialist I Location Jersey City, NJ :

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 MANUBANK, 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 $80,000.00 and $120,000.00. 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

New addition to Accounting team to assist and support team with new CUSO level driven requirements, as well as on-going business as usual requirements.

Responsibilities

• Prepares accrual entries, journal entries and maintains accurate records
• Submit schedules for Head Office Consolidation and Bank Controllers
• Performs month-end, quarter and year-end financial book closings
• Assists in review of various reports within department
• Provides support on projects as assigned including Balance Sheet Substantiation, EUC reviews
• Interacts with accounting departments of Head Office, Financial Accounting Departments and external accountants
• Performs general ledger reconciliations between ledge and sub ledger systems on daily and monthly basis
• Provides cross-department support within team structure
• Ensures the accuracy of financial data in both the GL and sub-ledgers as it relates to Intercompany transactions; ensure the accuracy and completeness

Qualifications and Skills

• Knowledge of financial reporting, general accounting practices including U.S. GAAP.
• Working knowledge of COSO 2013 including self-assessment protocols regarding design and operational effectiveness
• Knowledge of financial and management reporting standards, systems, and procedures
• Maintenance of charts of accounts, mapping hierarchy, accounts descriptions, accounts utilization, review of accounts status, and creating and modifying accounts; and variance analysis and reconciliation of GL and applicable sub-ledger
• Knowledge of general ledger accounting systems or other high functioning subledger systems. Oracle a plus
• Strong communication and interpersonal skills
• Strong analytic and problem-solving skills
• Strong organizational skill, detail oriented and ability to manage multiple assignments concurrently
• Self-starter, takes initiative and ownership of work product
• Ability to work independently and collaborate with team
• Strong Microsoft office skills
• Min 7 years of experience in financial services industry
• BA/BS requires
• CPA preferred but not required

Additional Requirements

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. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.

SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at [email protected].