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Manager - Financial Reporting

City National Bank

  • Los Angeles, California
  • 4 days ago
  • Remote
  • $99,000–$176,000 Per Year
  • Full-time

Highlights

This role reports to the Controller and partners closely across the broader Enterprise Accounting, FP&A, Regulatory Reporting, Treasury, business leaders, Operations, Risk, IT and Internal Audit to maintain a strong financial reporting and internal control environment. Responsible and accountable for appropriate quality controls related to the financial products the bank provides, the services the bank delivers, the processes employed and the incentives with which colleagues are awarded.

Numbers & Facts

LocationLos Angeles, California (
Remote
)
Job TypeFull-time
Salary$99,000–$176,000 Per Year

Description

Overview:
MANAGER - FINANCIAL REPORTING

 

WHAT IS THE OPPORTUNITY?
The Financial Reporting Manager is responsible for the oversight of the Company's overall financial reporting function, and ensure timely preparation of the Company's external and internal financial reporting in accordance with U.S. GAAP, IFRS and regulatory reporting requirements. This role reports to the Controller and partners closely across the broader Enterprise Accounting, FP&A, Regulatory Reporting, Treasury, business leaders, Operations, Risk, IT and Internal Audit to maintain a strong financial reporting and internal control environment. In addition, this role serves as the liaison between legal entity reporting and parent company reporting. The Financial Reporting Manager will also be responsible for managing various strategic projects, as well as maintaining accounting and reporting policies.

 

WHAT WILL YOU DO?
  • Ensures the timely, accurate and complete preparation and filing of the bank’s financial statements .
  • Manage the monthly, quarterly, and annual financial reporting process, ensuring accuracy, completeness and timeliness.
  • Oversees the preparation of various internal management reports including but not limited to monthly results to executive management, Board of Director and Audit Committee materials.
  • Provides leadership in supporting the Company’s technical accounting needs. Guides the Company and its management on accounting guidance and pronouncements issued by the FASB and other rule-making bodies.
  • Oversees the evaluation of newly issued and proposed accounting pronouncements on the Company’s financial statements, along with partnering with local and CAO office on the implementation of new accounting standards.
  • Maintains the Company’s accounting policies and procedures by partnering with local advisory & interpretation group in conjunction with APG.
  • Ensures that new, unusual or complex transactions are properly accounted for and documented. These transactions include but are not limited to non-routine transactions, bank initiatives, new products and other special projects.
  • Liaise with the accounting, financial and regulatory reporting, and technical accounting functions of the parent company.
  • Acts as a point of contact between the Company and its independent accounting firm regarding all annual audits and other financial reporting matters.
  • Liaise with bank regulatory reporting team during periodic regulatory examinations, consultations and regulatory requests. Review the Company’s responses to findings and issues identified during regulatory examinations to ensure the US GAAP views are are appropriately addressed.
  • Provides financial and accounting leadership, due diligence, and post-acquisition integration support for acquisitions and dispositions.
  • Evaluates and develops practices that comply with US GAAP requirements. Partner with the bank regulatory reporting team to determine if there are RAAP / GAAP differences and document those differences. Establishes new procedures and processes in response to new accounting and reporting requirements, along with continuing to enhance productivity, efficiency, workflow and automation of the financial reporting function.
  • Ensures compliance with internal control requirements, including SOX/FDICIA controls over financial reporting.
  • Interfaces with other departments and all levels of management on accounting and financial reporting matters.
  • Lead process improvement initiatives to strengthen the financial reporting process, automate manual activities, and enhance reporting quality.
  • Support enterprise initiatives and finance transformation initiatives, including ERP, general ledger, data warehouse, and reporting system enhancement.
  • Manages and develops professional staff with sufficient knowledge, skills and experience to support the Company’s requirements. Mentor and motivate staff and promote career development.
  • Responsible and accountable for appropriate quality controls related to the financial products the bank provides, the services the bank delivers, the processes employed and the incentives with which colleagues are awarded.

 

WHAT DO YOU NEED TO SUCCEED?
Required Qualifications*
  • Bachelor's Degree or equivalent
  • Minimum 10 years accounting or reporting experience;
  • Minimum 5 years of supervisory/management experience;
  • CPA - Certified Public Accountant
 
Additional Qualifications
  • Must have experience at a publicly held financial services institution and/or one of the Big 4 accounting firms.
  • Significant previous accounting experience required.
  • Requires in-depth reporting and technical accounting knowledge.
  • Must have Banking knowledge.
  • Strong presentation skills at the most senior levels of management.
  • Strong interpersonal and communication skills; ability to communicate information clearly and accurately, both written and verbal, to all levels of the Company.
  • Effective managerial and organizational skills.
  • Effective project and time management skills.
  • Strong quantitative analysis skills and excellent knowledge of financial/accounting reporting systems and software tools, GAAP principles and internal control procedures.
  • Ability to build positive relationships both within the Finance Division and throughout the bank and collaborate and influence across departments, functions and levels of management.
  • Must be capable of establishing professional expertise through integrity, dedication, and strategic counsel. Must be capable of inspiring confidence and respect in staff and motivate colleagues to achieve finance division and company goals.

WHAT'S IN IT FOR YOU?
Compensation
Starting base salary: $99,000 - $176,000 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.

Benefits and Perks
At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including:
  • Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
  • Generous 401(k) company matching contribution
  • Career Development through Tuition Reimbursement and other internal upskilling and training resources
  • Valued Time Away benefits including vacation, sick and volunteer time
  • Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
  • Career Mobility support from a dedicated recruitment team
  • Colleague Resource Groups to support networking and community engagement
 
Get a more detailed look at our Benefits and Perks.

ABOUT US
Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at About Us.

INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

*Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled.

Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.

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