Director of Accounting

2 months ago


Charlotte, North Carolina, United States Truist Full time

The position is described below. If you want to apply, click the Apply Now button at the top or bottom of this page. After you click Apply Now and complete your application, you'll be invited to create a profile, which will let you see your application status and any communications. If you already have a profile with us, you can log in to check status.

Need Help? )

If you have a disability and need assistance with the application, you can request a reasonable accommodation. Send an email to Accessibility )

(accommodation requests only; other inquiries won't receive a response).

Regular or Temporary:

Regular

Language Fluency: English (Required)

Work Shift:

1st shift (United States of America)

Please review the following job description:

Ensure proper understanding and implementation of accounting policies and practices in accordance with the extremely complex and dynamic accounting principles generally accepted in the United States (GAAP) to ensure all relevant GAAP is understood, effectively communicated to Truist Management, appropriately implemented and subject to effective internal controls in connection with the SOX and FDICIA programs.

Provide expert advice on a broad range of complex accounting and financial reporting issues to Executive Leadership, the BU CFO organization and other members of the Senior Leadership Team.

Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.

  • Research appropriate accounting treatment and provide expert advice, on an as-needed basis, for complex transactions or financial matters for Truist Financial Corporation and its subsidiaries to ensure compliance with GAAP, regulatory reporting and affiliate transaction requirements.
  • Such complex issues include, but are not limited to, the accounting for mergers, acquisitions and divestitures, credit losses, derivatives and hedge accounting, foreign exchange, transfers of financial assets, fair value, gross vs. net classification, revenue recognition, variable interest entities, leases, employee benefit plans, classification of expenses, specialized industry accounting and the determination of regulatory capital.
  • Manage the accounting for highly complex transactions and GAAP and regulatory reporting requirements for all assigned functions.
  • Responsibilities include accurate financial reporting and adequate internal controls, preventing or detecting financial reporting fraud and ensuring that Truist complies with applicable Accounting Policies and Standards.
  • Promulgate firm-wide compliance with the requirements of Regulation W, including the complex valuation of covered exposures in relation to the Bank's quantitative limitations.
  • Oversee and coordinate the financial statement close, profit planning and forecasting for all assigned functions.
  • Ensure timely and accurate posting of all journal entries and accounting adjustments, including those related to complex transactions, and ensure required account reconciliations are completed on a timely basis.
  • Ensure intercompany transactions are properly identified for consolidation and affiliate transaction evaluation and monitoring purposes.
  • Analyze preliminary financial results in connection with the close process in order to identify significant or unusual activity that may require adjustment or disclosure in connection with Truist's internal or external financial reporting.
  • Oversee preparation of monthly and quarterly financial statement close schedules and other reporting required to effectively communicate Truist's financial position and results of operations.
  • Closely monitor the standard setting process of the Financial Accounting Standards Board ("FASB,") United States Securities and Exchange Commission ("SEC,") the Federal Deposit Insurance Corporation ("FDIC,") the Federal Reserve Board ("FRB") and various state regulatory agencies to ensure that all relevant proposed changes to GAAP and other reporting requirements are understood.
  • Communicate with Executive Leadership, the BU CFO organization and other members of the Senior Leadership Team, as applicable, the impact these standards and requirements will have on Truist's financial position and results of operations.
  • Oversee the implementation of new accounting or external reporting requirements, which includes development of accounting, regulatory reporting and affiliate transaction policies and standards, design of operational processes necessary to ensure full compliance with any new requirements, and the development of the related internal control framework related to these new processes.
  • Ensure appropriate change management processes over GAAP and regulatory reporting changes.
  • Proactively provide counsel to Executive Leadership, Senior Leadership and Financial
  • Management on complex accounting and external reporting issues.
  • Develop conceptual frameworks to assist senior leaders in understanding the accounting and reporting requirements specific to new and highly complex accounting pronouncements.
  • Analyze, evaluate and provide accounting guidance in response to inquiries from auditors, regulators and others regarding specific transactions, issues and other matters.
  • Ensure the design and implementation of adequate processes and controls to comply with relevant GAAP and to prevent significant deficiencies and material weaknesses in internal control over financial reporting.
  • Support ERM and the Risk Management Organization through the effective identification, measurement, and mitigation of GAAP risk.
  • Communicate GAAP risks in a timely manner. Adhere to risk policies, procedures, and regulatory requirements.
  • Support business and corporate risk management objectives.
  • Develop appropriate policies and procedural documentation to effectively manage the risk of GAAP non-compliance.
  • Ensure the continual effectiveness of any systems implemented and utilized in the management of GAAP risk.
  • Oversee the preparation and review of relevant sections of the SEC Forms 10-K and 10-Q, FDIC Call Report, Federal Reserve Y-9C and Pillar 3 disclosures.
  • Review drafts of the quarterly press release, Forms 10-K and 10-Q, and other regulatory reporting and provide feedback as necessary to ensure that all such reporting appropriately reflects Truist's financial position and results of operations in compliance with GAAP and regulatory requirements.
  • Prepare the financial statement disclosure checklist on a quarterly basis.
  • Coordinate efforts to respond to annual SEC comment letters by working with appropriate BU personnel and the BU CFO organization to collect relevant background information, drafting comment responses and incorporating feedback into the final version of the letter submitted to the SEC.
  • Represent Truist in various banking organizations via active participation in periodic meetings and committees.
  • Use industry contacts to assess accounting standard and regulatory reporting implementation efforts.
  • Participate in peer-bank accounting policy forums and industry professional organizations to discuss and influence significant accounting policy issues for the banking industry.
  • Comment on proposed new accounting standards and regulatory reporting rulemaking, including in conjunction with relevant industry associations, advocating on behalf of Truist and, where applicable, the broader banking industry.

Required Qualifications:

The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • Bachelor's degree in Accounting, Finance, Business Administration or equivalent education and related training
  • Certified Public Accountant (CPA) designation; strong technical accounting knowledge
  • Fifteen years of relevant accounting or accounting policy experience; twelve years of leadership and supervisory experience
  • 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

Preferred Qualifications:

  • Master's or advanced degree in Business or Accountancy
  • Prior experience working for a large, SEC-registered financial institution or senior manager-level public accountant with extensive bank experience

General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist's generous benefit plans, please visit our Benefits site )

. Depending on the position and division, this job may also be eligible for Truist's defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

Truist supports a diverse workforce and is an Equal Opportunity Employer that does not discriminate against individuals on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. Truist is a Drug Free Workplace.

EEO is the Law )

Pay Transparency Nondiscrimination Provision )

E-Verify (https://e-)




  • Charlotte, North Carolina, United States Compass Group USA Full time

    About Compass Group USACompass Group USA is a leading foodservice and support services company that delivers high-quality solutions to clients across the United States. Our team of experts is dedicated to providing exceptional service and innovative solutions to meet the evolving needs of our clients.Job SummaryWe are seeking an experienced Executive...

  • Director of Accounting

    2 months ago


    Charlotte, North Carolina, United States Truist Full time

    The position is described below. If you want to apply, click the Apply Now button at the top or bottom of this page. After you click Apply Now and complete your application, you'll be invited to create a profile, which will let you see your application status and any communications. If you already have a profile with us, you can log in to check status. Need...

  • Accounting Director

    17 hours ago


    Charlotte, North Carolina, United States FORVIS | Executive Search Full time

    Job SummaryWe are seeking an experienced Financial Operations Manager to join our team at FORVIS | Executive Search. As a key member of our accounting team, you will be responsible for overseeing the financial operations of our clients, ensuring accurate and timely financial reporting, and providing strategic guidance to management.Key...


  • Charlotte, North Carolina, United States Stanford Hotel Group Full time

    Job SummaryThe Corporate Accounting Manager is a key member of the accounting team responsible for ensuring accurate and timely financial reporting. This role requires a strong background in public accounting and proficiency in consolidation and corporate accounting.Key ResponsibilitiesPerform monthly consolidation and review financial statements for...


  • Charlotte, North Carolina, United States Brightspeed Full time

    Job SummaryWe are seeking a highly experienced Senior Manager, Accounts Payable to join our team at Brightspeed. This is a critical role that requires a strong leader to oversee the Accounts Payable department, related systems, and general ledger integrations.Key ResponsibilitiesLeadership and SupervisionSupervise and train a team of at least 5 employees in...


  • Charlotte, North Carolina, United States Asana Partners Full time

    Position OverviewThe Analyst – Accounting Operations role presents an exceptional opportunity for a driven accounting professional to engage with a dynamic firm committed to enhancing community value through strategic real estate investments. This pivotal position reports directly to the Director of Project Accounting and collaborates closely with the...


  • Charlotte, North Carolina, United States Asana Partners Full time

    Position OverviewThe Accounting Operations Analyst role at Asana Partners presents an exceptional opportunity for a driven accounting professional to engage with a dynamic organization dedicated to enhancing community value through real estate investments. This pivotal position reports directly to the Director of Project Accounting and collaborates closely...


  • Charlotte, North Carolina, United States Asana Partners Full time

    Position OverviewThe Accounting Operations Analyst role at Asana Partners presents an exceptional opportunity for a driven accounting professional to engage with a dynamic team and contribute to a thriving environment. This pivotal position reports directly to the Director of Project Accounting and collaborates closely with the Investment Accounting team....


  • Charlotte, North Carolina, United States University of North Carolina at Charlotte Full time

    Job SummaryThe University of North Carolina at Charlotte seeks a highly skilled Director of Communications to lead the development and execution of communication strategies, messaging, and engagement efforts that align with the University's mission and vision.Key ResponsibilitiesEstablish an overarching communication plan and develop annual awareness and...


  • Charlotte, North Carolina, United States Asana Partners Full time

    Asana Partners is a prominent real estate investment firm dedicated to enhancing value in thriving communities across the United States. With a robust portfolio exceeding $7 billion in neighborhood retail assets, the firm is devoted to fostering a positive influence within the neighborhoods it serves. Our unique company culture is fundamental to our...


  • Charlotte, North Carolina, United States Community Association Management Full time

    Job Overview Reporting directly to the Director of Operations, the Senior Accounting Supervisor will play a pivotal role in overseeing essential processes to ensure satisfaction for both the company and its clients. This position involves managing daily operations, which include preparing accurate ledger entries and reconciliations, maintaining general...


  • Charlotte, North Carolina, United States Premier, Inc. Full time

    About the RoleWe are seeking a highly skilled Business Development Director to join our team at Premier, Inc. This field-based sales role requires constant client-facing interaction to close new business and drive growth for our organization.Key ResponsibilitiesRecruit new member pharmacies for group purchasing and Preferred Provider NetworkDevelop and...

  • Accountant/Bookkeeper

    2 months ago


    Charlotte, North Carolina, United States German American Chambers of Commerce Full time

    Our Charlotte, NC office is seeking an experienced Accountant/Bookkeeper to support our Business Processing Outsourcing (BPO) department. If you would describe yourself as a positive individual with good organizational skills who can work within deadlines and execute multiple tasks simultaneously to ensure a high level of professional standards, you are...


  • Charlotte, North Carolina, United States Securitas Security Services USA Full time

    Job Summary:We are seeking a highly skilled and experienced professional to lead our National Communications Center (NCC) department as a Customer Service Director. This role is responsible for effectively managing the NCC department in the Securitas Operations Center (SOC) to include customer care and national account functions.Key Responsibilities:Manage...


  • Charlotte, North Carolina, United States Bank of America Full time

    Job Description:At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.One of the keys to driving Responsible Growth is being a great place to work for our...

  • Operations Director

    22 hours ago


    Charlotte, North Carolina, United States U S National Whitewater Center Full time

    Job SummaryAs an Operations Manager at the U S National Whitewater Center, you will oversee the daily operations of multiple business units. This is a full-time, benefits-eligible role that reports directly to the Director of Operations.Key ResponsibilitiesLead and motivate a large team in a high-volume, demanding environment.Develop, implement, and maintain...


  • Charlotte, North Carolina, United States Bank of America Full time

    Job Overview: At Bank of America, our mission is to enhance financial well-being through meaningful connections. We believe in Responsible Growth, which shapes our operations and our commitment to clients, colleagues, communities, and shareholders. We strive to create an inclusive and diverse workplace for all our employees globally. Our investment in our...


  • Charlotte, North Carolina, United States Community Association Management Full time

    Job Overview Reporting directly to the Director of Operations, the Senior Accounting Supervisor will oversee essential financial processes, ensuring both company and client satisfaction. This role involves managing daily operations, including preparing accurate ledger entries and reconciliations, maintaining general ledgers, and generating monthly,...


  • Charlotte, North Carolina, United States Randstad Full time

    Join Our Team as a Financial Project AnalystThis position offers a unique chance to contribute to the establishment and expansion of the project accounting division within a dynamic construction firm. We are in search of a candidate with robust financial analysis capabilities and a solid accounting foundation. Proficiency in Excel is essential for this...

  • Accounting Manager

    1 month ago


    Charlotte, North Carolina, United States Affinity Group Full time

    Accounting ManagerCharlotte, NC Affinity Group is seeking an automation-focused Manager to lead financial strategy in our Southeast, Midwest and Central regions. This position will be based at our headquarters in Charlotte, NC and will report to the Director of Finance while also working closely with the Chief Financial Officer.Who we're looking for:The...