Financial Reporting (Project)

Financial Reporting (Project) Location Jersey City, NJ (Downtown area) :

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 $200,000.00 and $215,000.00. 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.

Overview:

SMBC is seeking a Financial Reporting position to work in the Bank Accounting Department located in Jersey City, NJ. This position will help to implement a large scale financial transformation project for the Oracle Cloud Shared Services Initiative which will include but not be limited to General Ledger configuration and maintenance, management of workflow approval rules (e.g., Chart of Account Rules, Journal Approvals, etc.), management of period close processes, financial reporting, and the creation of policies and procedures. This position will help to ensure a sound internal control environment, timely and accurate financial and management reporting, and support the operations of the Oracle Cloud. In addition, the position will support day-to-day operations of other departments and group companies with relation to the Oracle Cloud Implementation and the other projects.

Responsibilities:

• Maintain a documented system of accounting procedures and policies as part of the Oracle Cloud Shared Service solution.
• Oversee the chart of accounts, ledgers, and reporting within the Oracle Cloud to ensure compliance and enable proper consolidation.
• Perform assessments on data-lineage, data quality, data reconciliation and various data quality controls.
• Perform general ledger reconciliations between ledger and sub ledger systems on daily and monthly basis to ensure the accuracy of financial data in both the GL and sub-ledgers as it relates to Intercompany transactions and the accuracy / completeness of data.
• Review transaction documents to determine appropriate accounting treatment (e.g., lease accounting, deal structure decisions).
• Provide project management responsibilities (i.e., planning, execution, monitoring) for key accounting and finance processes and stakeholder communication.
• Create a high-performance culture focused on continuous improvement to maximize efficiency and reduce risk.
• Participate in a wide variety of special projects to ensure proper accounting treatment and accurate data.
• Conduct and support day-to-day operations of other departments and group companies with relation to the Oracle Cloud Implementation Project as directed by Senior Management.

Qualifications:

• Bachelor's Degree in Accounting, Finance, or other Business related field.
• 7-10 years of financial industry (bank industry preferred) experience in Accounting / Finance functions.
• CPA or other professional qualification are highly preferred.
• Knowledge of financial reporting, consolidation of balance sheets and general accounting practices including U.S. GAAP and IFRS.
• Experience with preparation of financial statements.
• Experience with general ledger functions and the month/year end close processes.
• Ability to manage multiple initiatives simultaneously and plan/prioritize appropriately.
• Ability to lead and drive initiatives through creative thinking and pragmatism.
• Strong attention to detail and ability to independently work across functional groups.
• Strong influencing skills with the ability to mediate discussions and draw consensus.
• Outstanding analytical and problem solving skills.
• Proficiency with Word, Excel, PowerPoint, along with ability to quickly learn new programs and applications

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 [email protected].