GENERAL FUNCTION: Responsible for
establishing and maintaining Bancorp accounting policies and
procedures, monitoring emerging accounting issues and standards,
interpreting and overseeing the implementation of newly issued
accounting standards, formally communicating significant policy or
procedural changes across the Bancorp, consulting with Affiliate,
centralized and LOB finance teams on technical accounting topics,
as well as representing Accounting Risk/External Reporting on
various Bancorp accounting/finance initiatives and special
ESSENTIAL DUTIES & RESPONSIBILITIES:
I. Responsible for the development and maintenance of Bancorp
accounting policies and procedures.
a) Ensure that Bancorp accounting policies and procedures are
developed, maintained and updated in accordance with
b) Ensure that policies and procedures are properly documented and
maintained in a clear and concise manner.
c) Ensure that policy/procedural changes are clearly communicated
to appropriate areas of the Bancorp on a proactive and timely
II. Responsible for monitoring emerging accounting issues and
a) Proactive monitoring of all emerging issues and assessing the
implications to the Bancorp.
b) Discuss implications to the Bancorp with the Director of
Accounting Risk and Policy, Assistant Controller and Controller as
well as external audit as necessary.
c) Develop comment letters as appropriate.
III. Responsible for interpreting newly issued standards and fully
assessing their impact to the Bancorp.
a) Coordinate implementation team ensuring that all relevant
Bancorp departments are represented.
b) Develop adoption implementation strategy and oversee its
c) Quantify current and expected financial statement impacts for
communication to the Bancorp finance organization as well as the
IV. Consult with Affiliate, centralized and LOB finance teams on
technical accounting topics.
a) Proactively engage finance teams to gain a full understanding of
new/emerging business transactions.
b) Develop and communicate technical accounting requirements and
related financial statement impacts.
c) Assist with transaction structures and drafting of contractual
agreements in order to maximize the favorable economic impact to
the Bancorp as well as ensure the alignment of transactional
economics and GAAP requirements.
V. Serve as the Bancorp''s technical accounting subject-matter
expert on various finance/accounting initiatives and special
projects, including process improvements, merger and acquisition
activity, etc. as well as serve differing roles on Bancorp
SUPERVISORY RESPONSIBILITIES: Responsible for providing employees
timely, candid and constructive performance feedback; developing
employees to their fullest potential and provide challenging
opportunities that enhance employee career growth; developing the
appropriate talent pool to ensure adequate bench strength and
succession planning; recognizing and rewarding employees