US GAAP Accounting Policy Expert

US GAAP Accounting Policy Expert

Location: Stamford

Description: Reporting to Regional Head of Group Technical Accounting, assisting in the delivery of technical guidance on FASB CECL and C&M standards (as well IFRS 9 counterparts) and related technical consultation supporting local implementation thereof for the US Holding Co. under the Federal Reserve Enhanced Prudential Standards and for local Branch reporting. Gain knowledge and experience in broadly applying IFRS and US GAAP accounting rules to transactions and products in the US region. Work closely with Finance colleagues and GTA team members to provide US GAAP analyses and implementation guidance on new CECL and classification & measurement financial instruments standards. Interact effectively with senior management and staff from across the different functions and business divisions. Interact effectively with regulators and support the Americas Regional Control team in responding to questions / issues related to the application of US GAAP and/or IFRS Provide updates for senior management on US GAAP/IFRS standards and changes Work effectively alongside diverse group of colleagues with different backgrounds and experience to resolve technical accounting issues. Work within virtual teams across Finance from the different functional areas to resolve technical accounting issues as they arise, bringing in expertise from other GTA team members as necessary. Provide training and development on US GAAP and IFRS to staff within the Americas region Contribute to the US GAAP / IFRS expertise of the regional control functions. Assist in evaluating US GAAP accounting risks associated with existing and proposed transactions and work with the GTA team and the appropriate control functions to address any issues which may arise. Develop and maintain US GAAP accounting policies for financial instruments, specifically CECL and classification and measurement, to address the full range of products, transactions and services relevant to the business of the US Holding Co and US branches. Assist in the analysis of new trade proposals and new business ideas across a broad array of investment banking, wealth management and asset management products / transaction to determine the appropriate US GAAP / IFRS accounting treatment. Assist in supporting industry / peer discussion groups relevant to accounting policy (IFRS and US GAAP).

Requirements: Undergraduate accounting degree Fully qualified Certified Public Accountant (CPA) Only English required, German may be useful Primary responsibilities will be local. Incidental travel to Zurich / London. Experience with providing services to and/or working for a financial services (investment banking) organization, ideally providing transaction support / national office work out of the Big Four or in a Finance function such as Product Control, Financial Reporting, Accounting Policy would be beneficial.

Preferred Qualifications: Certified Public Accountant. 8-10 years overall experience. Big Four background preferred. Transaction advisory and/or standard-setting work (US GAAP and/or IFRS) preferred. Knowledge of banking and banking products gained at a blue chip financial services organization and/or through training with one of the Big Four accountancy firms. Proven experience in dealing with technical accounting issues and operating in a financial services environment. Excellent communication and presentation skills, both oral and written. Must have ability to express opinions clearly, firmly but also sympathetically when required. Strong organizational skills including multi-tasking, prioritization and ability to maintain equilibrium under pressure. Sensitivity to UBS’s multi-cultural organization and sufficient adaptability to work effectively with people from diverse backgrounds. Interest and ability to develop or refine additional complimentary skill sets in topics such as change management and valuation.

 

Contact A Stan Hamlet Associate: 212. 685. 4884

Risk and Control Advisor – Jersey City, NJ ( Salary to $125K)

Department Function:

Internal Audit’s mission is to provide independent, objective assurance and advisory services to assist the enterprise in maintaining an effective system of internal controls.

Internal Audit supports the Boards of Directors in their oversight of the governance, risk and control framework, and will achieve and maintain the highest level of professional standards, while furthering the development of our employees.

Specifically, the Corporate Functions Audit team is responsible for providing assurance and advisory services to the Company’s corporate support functions, including: Finance, Legal and Compliance, Human Resources, and Corporate Services.

Position Summary: 

The Risk & Control Advisor (RCA) is predominantly focused on audit projects, participating in planning, driving fieldwork, and assisting with report clearance. The RCA’s primary measure of success is identifying meaningful potential issues about the design and effectiveness of controls, and creating reliable documentation to support his or her work. The RCA must manage a number of auditee relationships, be a good team player, and take accountability for his or her personal growth and professional development.

Principal Responsibilities:

Strategic Control Impact

  • Identify meaningful issues from audit fieldwork
  • Work closely with auditees to achieve timely progress on agreed action plans
  • Build advisory relationships with middle managers outside the context of IAD’s routine audits
  • Support risk management priorities:

o Take ownership for identifying risk, such as credit, market, liquidity, quantitative, operational and technology, within his or her assigned area of responsibility

o Adhere to departmental risk policies, procedures and best practices

o Identify opportunities for improving existing processes or creating new ones that more effectively anticipate, manage and reduce risk

o Maintain awareness of regulatory issues and comply with regulatory requirements

o Comply with corporate initiatives, such as the New Initiatives Process (NIC), Management Self Identification of Audit Issues, Management Control Awareness & Responsiveness (MCAR), Operational Risk & Control Self Assessments (RCSA), etc.

o Demonstrate the behaviors of and build competency with creating a risk management mindset

Audit Execution

  • Consistently demonstrate an ability to complete risk-focused fieldwork on time and on budget, notifying the audit manager promptly of any possible impediments to success or when budgets might be exceeded
  • Fully resolve review notes and apply learning from those review notes to future projects
  • Lead projects from time to time as experience grows

Quality Process

  • Demonstrate a strong knowledge of IAD’s policies and procedures—particularly work paper documentation standards
  • Participate in continuous improvement initiatives

Individual & Team Development

  • Demonstrate a strong commitment to teamwork, helping peers wherever possible
  • Identify and seize opportunities to grow skills, talents, and knowledge about audit planning, reporting, and the products and functions he or she audits

Experience:

Previous internal or external audit experience is helpful, but not required. Previous job experience for RCAs can and should vary greatly to meet the department’s goal of having a team with diverse perspectives and work experiences.

The incumbent for this particular RCA position would benefit from having a background in financial services industry and market, credit, quantitative, liquidity and operational risk disciplines.

Knowledge and Skills Required:

Our Leadership Model sets out the core behaviors required of all employees. Each SRCA position is unique and may require the incumbent to have or build specific knowledge of the businesses, products, functions, and processes within his or her coverage responsibilities.

More broadly, successful auditors typically demonstrate the following skills and behaviors:

  • Good written and oral communication skills
  • Strong analytical and problem solving skills
  • Self-starter, with the ability to work independently and in teams
  • A high degree of responsibility in balancing multiple commitments and meeting deadlines and commitments to stakeholders

Education, Training and Certification:

Bachelor’s degree or higher is required.

Certified Public Accountant is a plus

Supervision Exercised: 

The SRCA may supervise other team members on specific projects, and could have managerial or supervisory responsibilities.

Contact A Stan Hamlet Associate: 212-685-4884 

Corporate Accounting Manager (Stamford, CT)

Duties, Responsibilities And Expected Contributions

• Manage an efficient and timely periodic close process for the Corporate entity.

• Provide monthly and ad-hoc variance analyses for Finance and other department teams

• Interface with department heads on a regular basis to ensure accuracy, quality and completeness of financial information, identify potential areas of cost savings, and anticipate future initiatives which may require additional accounting research.

• Prepare quarterly and annual external reporting packages for the Corporate entity. Work with outside auditors during the annual audit.

• Manage the annual budget process for the Corporate entity, working closely with Financial Planning and Analysis team. Assist and guide departments in the budget preparation process.

• Ensure accuracy and compliance with current GAAP of all Corporate entity accounts, including equity, stock-based compensation, investments in affiliates and subsidiaries, corporate debt.

• Develop, implement and document policies, procedures and best practices over accounting and financial reporting for the Corporate entity.

• Coordinate with other Controllers to reconcile inter-company accounts and inter-company transactions involving the corporate entity.

• Conduct technical accounting research and develop conclusions related to corporate initiatives.

• Develop projections for the Corporate Entity on an ad-hoc basis

• Collaborate with Brokerage Accounting Manager and work closely with the Tax department to prepare the annual tax package as it relates to the Corporate entity.

• Develop and post into the general ledger the monthly corporate and allocations.

• Maintain the fixed asset ledger of the Corporate entity including tracking additions and disposals of all Corporate owned assets.  Record the periodic depreciation and amortization of all these assets.

• Handle and manage the accounting process for M & A transactions, if any.

• Maintain excellent working relationships with departments and other finance functions, educate departments in Finance processes and procedures, drive transparency and usefulness of financial information provided to leadership.

• Stay current in US GAAP and advise management on applicable upcoming changes.

• Work with finance leaders on special projects.

A) Experience And Education

• Bachelor’s degree in Accounting is required.

• CPA / MBA in Finance or Accounting strongly preferred.

• Minimum 5 years, 7+ years of experience preferred

• Public accounting experience  preferred (2 years+)Finance/accounting department with exposure to budgeting and financial reporting (5+ years) required

B) Functional Knowledge and Business Expertise Required

• Exceptional written and verbal communication skills, superb ability to understand and explain complex concepts.

• Excellent GAAP and financial reporting technical skills

• Familiarity with accounting for stock-based compensation, internally-developed software, debt and equity

• Experience with budgeting and forecasting.

• Strong Excel skills

• Experience with general ledger and financial reporting tools (e.g., Hyperion, JD Edwards, FAS and spreadsheet server).

Contact A Stan Hamlet Associate: 212-685-4884 

Senior Accountant ($65-80K + Bonus)

Ref. #: ACC102.6

Job Title:  Senior Accountant 
Salary Range
: $65-80K + Bonus 
Job Category
:  ACC financial services
Company
:  One of the world’s leading financial management and advisory companies
Location: 
NYC
Career Level
:  Staff-Senior
Experience: 2+ years Experience

Requirements:

  • Qualified candidate should have a BBA in Accounting or Finance.
  • Strong analytical and project management skills.
  • Strong communication and interpersonal skills required.

Description: Person would be responsible for the financial reporting of the core Leadership and Talent Management organization.  Coordination and preparation of monthly business results analysis such as actual results versus budget, forecast and run rate.  Preparing and managing the budget and forecast processes for clients.   Manage client relationships across Core LTM departments. Assist in realization of savings opportunities, through six sigma and other analysis.  Perform periodic analysis / rationalization of economic mapping methodologies for LTM.  Develop monthly accruals ensuring that they are adequate and accurate.  Participate in LTM reengineering projects as appropriate.

Contact A Stan Hamlet Associate: 212-685-4884 

Senior Manager-General Accounting (North Jersey)

Lead the General Accounting Department, including an accounting staff, in the preparation, review and analysis of monthly financial statements, including profit and loss statement, balance sheet and statement of cash flow.

Lead and manage a team of accountants, including selection/hiring, objective-setting, performance management, compensation management, coaching/development and training.

Ensure effective monthly close and maintain all accounting ledgers.

Prepare all financial reports, including Profit and Loss Statement, Balance Sheet and Statement of Cash Flows, as well as the year-end financial reporting, tax provision and tax return reporting packages

Own projections and budgets as they relate to all General & Administrative costs.

Provide timely explanations of variances between actual results and forecasts/budgets.

Provide corrective action recommendations to management, where necessary

Oversee the General Accounting processes of Inter-company and Project accounting, Fixed assets and weekly cash flow forecasting.

Implement Corporate Accounting Policies and interpret GAAP guidance in regards to accounting transactions.

Ensure for Sarbanes Oxley compliance of all accounting activities within the General Accounting department. 

Ensure completion and review of all balance sheet reconciliations and identify and communicate findings.

Liaise effectively with finance constituents on financial accounting and reporting deliverables, issues and process improvements.

Work with internal and external auditors during reviews and audits to ensure full cooperation from accounting staff and compliance with all qualified requests.

Minimum Qualifications

Bachelor’s Degree in Accounting or Finance; MBA and/or CPA preferred.

8+ years work experience in a financial environment; combination of both public and private accounting experience preferred

At least 3 years experience managing a General Accounting department with three or more direct reports

Demonstrated understanding of monthly financial statement with extensive experience preparing and issuing financial statements.

Demonstrated proficiency in Microsoft Excel, Word & PowerPoint

Demonstrated application and knowledge of SOX 404

Demonstrated application and knowledge of Oracle and Hyperion Financial Management

Demonstrated interpersonal communication, customer service and analytical skills

Duties, Responsibilities And Expected Contributions

• Manage an efficient and timely periodic close process for the Corporate entity.

• Provide monthly and ad-hoc variance analyses for Finance and other department teams

• Interface with department heads on a regular basis to ensure accuracy, quality and completeness of financial information, identify potential areas of cost savings, and anticipate future initiatives which may require additional accounting research.

• Prepare quarterly and annual external reporting packages for the Corporate entity. Work with outside auditors during the annual audit.

• Manage the annual budget process for the Corporate entity, working closely with Financial Planning and Analysis team. Assist and guide departments in the budget preparation process.

• Ensure accuracy and compliance with current GAAP of all Corporate entity accounts, including equity, stock-based compensation, investments in affiliates and subsidiaries, corporate debt.

• Develop, implement and document policies, procedures and best practices over accounting and financial reporting for the Corporate entity.

• Coordinate with other Controllers to reconcile inter-company accounts and inter-company transactions involving the corporate entity.

• Conduct technical accounting research and develop conclusions related to corporate initiatives.

• Develop projections for the Corporate Entity on an ad-hoc basis

• Collaborate with Brokerage Accounting Manager and work closely with the Tax department to prepare the annual tax package as it relates to the Corporate entity.

• Develop and post into the general ledger the monthly corporate and allocations.

• Maintain the fixed asset ledger of the Corporate entity including tracking additions and disposals of all Corporate owned assets.  Record the periodic depreciation and amortization of all these assets.

• Handle and manage the accounting process for M & A transactions, if any.

• Maintain excellent working relationships with departments and other finance functions, educate departments in Finance processes and procedures, drive transparency and usefulness of financial information provided to leadership.

• Stay current in US GAAP and advise management on applicable upcoming changes.

• Work with finance leaders on special projects.

A) Experience And Education

• Bachelor’s degree in Accounting is required.

• CPA / MBA in Finance or Accounting strongly preferred.

• Minimum 5 years, 7+ years of experience preferred

• Public accounting experience  preferred (2 years+)Finance/accounting department with exposure to budgeting and financial reporting (5+ years) required

B) Functional Knowledge and Business Expertise Required

• Exceptional written and verbal communication skills, superb ability to understand and explain complex concepts.

• Excellent GAAP and financial reporting technical skills

• Familiarity with accounting for stock-based compensation, internally-developed software, debt and equity

• Experience with budgeting and forecasting.

• Strong Excel skills

• Experience with general ledger and financial reporting tools (e.g., Hyperion, JD Edwards, FAS and spreadsheet server).

Contact A Stan Hamlet Associate: 212-685-4884 

Staff Accountant ($60-70K+ Bonus)

Job Title: Staff Accountant
Salary Range: $60-70K+ Bonus
Job Category-
ACC
Company: Fortune 500 Media Conglomerate
Location: New York City
Career Level-Staff
Requirements
: -BS/BBA  Accounting
1-2 years Public or private experience
Description: Staff accountant
Job Description:
Overall Responsibility:
To provide support to operating and staff divisions in accounting, management and external reporting 

Specific Responsibilities include:
Financial statement preparation
Consolidations
Review of GL
Monthly and quarterly statements
Financial analysis
Special projects as needed

Contact A Stan Hamlet Associate: 212-685-4884 

Finance Director-Financial Reporting and Accounting Policy (Jersey City)

The Financial Reporting and Accounting group is responsible for financial reporting (subsidiary & consolidated results), regulatory reporting, internal controls, and supporting accounting activities.

Position Summary:
The Finance Director, Finance Reporting and Accounting is primarily responsible for the global direction and coordination of:
• Financial Reporting (subsidiaries and consolidated results)
• Regulatory Reporting
• Accounting Policy and Control
• Technical accounting guidance, etc)
In addition, the Director, Financial Reporting and Accounting is responsible for:
• Managing a staff of 15 employees
• Financial Reporting: Timely and accurate financial reporting, supporting internal/external stakeholders
• Regulatory Reporting: Timely and accurate regulatory reporting, supporting internal/external stakeholders
• Accounting Operations: Support and Drive high performing operations (month end close, etc)
• Transparency: Co-lead monthly finance operations meetings; Deliver stakeholders with highlights / information
• Internal Controls: Build/maintain a superior control environment (risks, control activities, communicate, and monitor)
• Risk Management: Proactively identify and mitigate risks; Ensure adequate awareness across team
• Accounting Policies: Create and maintain global accounting policies (US and Local GAAP)
• Technical Accounting: Proactive research/analysis on matters impacting corporate financial performance
• Audits: Co-manage relationship with Audit firm; successfully support all audit activities (through annual report)
• Compliance: Support all internal/external compliance activities
• Department Operating Performance: Measure and manage efficiency & effectiveness; continuous improvement
• People: Responsible for effective people management (manage, development, hiring, feedback, engagement, etc)
• Organization Design: Ensure design optimizes group performance
• Present, update, and/or advise sr. management, committees, Board on critical matters
• Ad hoc: numerous activities associated with supporting FP&A, Tax, Treasury and other groups

Experience and Knowledge Required:
• Bachelor’s degree, CPA and Big 4 experience required. MBA a plus
• Minimum of 15+ years’ experience financial reporting and accounting (public and private mix)
• 8+ years Big 4 experience highly preferred
• Ability to effectively lead operations and maintain a strong control environment.
• Strategic perspective: conceptual and innovative thinking skills.
• Strong organizational, analytical and problem solving skills.
• Financial control and Accounting experience in a company with multiple Legal entities (domestic and international).
• Thorough understanding of US GAAP and exposure to IFRS.
• Ability to develop and manage staff.
• Ability to work cross functional as well as leverage members of the team that may not be direct reports.

Contact A Stan Hamlet Associate: 212-685-4884 

Staff Accountant-North Jersey **ORACLE EXPERIENCE REQUIRED!!

The Staff Accountant role will have core responsibilities involving the proper maintenance of Oracle Fixed Assets, Projects and Cash Management modules.

This role will be responsible for the following: 

  • Process / Review FA transactions – additions (mass additions/CIP in service), adjustments, transfers and retirements/sales.
  • Process / Review adjusting journal entries related to Fixed Assets/CIP, Intangibles and Capital Leases.
  • Prepare / Review account reconciliations related to Fixed Assets/CIP, Intangibles and Capital Leases.
  • Prepare / Review Audit Requests.
  • Create / Maintain Projects.
  • Notify internal divisions of Fixed Assets/Projects system changes.
  • Prepare bank account reconciliations for assigned bank accounts, and follow up with various departments to resolve reconciling items.
  • Prepare rollforward of cash concentration account.
  • Complete Cash Management processes in Oracle for assigned bank accounts.
  • Upload license fee journal entries for all business units.
  • Reconcile assigned AR accounts to GL.
  • Calculate bad debt reserve and book required entry for assigned AR accounts.

 Requirements:

Bachelor’s degree with a major or concentration in Accounting or Finance.

General familiarity with Oracle ERP system.  Training will be provided for functions specific to the GL, FA, Projects and Cash Management modules.

Strong communication skills.

Strong organizational skills.

Exceptional attention to detail.

Ability to prioritize tasks.

Availability to work extended hours when necessary to meet monthly and quarterly deadlines.

Duties, Responsibilities And Expected Contributions

• Manage an efficient and timely periodic close process for the Corporate entity.

• Provide monthly and ad-hoc variance analyses for Finance and other department teams

• Interface with department heads on a regular basis to ensure accuracy, quality and completeness of financial information, identify potential areas of cost savings, and anticipate future initiatives which may require additional accounting research.

• Prepare quarterly and annual external reporting packages for the Corporate entity. Work with outside auditors during the annual audit.

• Manage the annual budget process for the Corporate entity, working closely with Financial Planning and Analysis team. Assist and guide departments in the budget preparation process.

• Ensure accuracy and compliance with current GAAP of all Corporate entity accounts, including equity, stock-based compensation, investments in affiliates and subsidiaries, corporate debt.

• Develop, implement and document policies, procedures and best practices over accounting and financial reporting for the Corporate entity.

• Coordinate with other Controllers to reconcile inter-company accounts and inter-company transactions involving the corporate entity.

• Conduct technical accounting research and develop conclusions related to corporate initiatives.

• Develop projections for the Corporate Entity on an ad-hoc basis

• Collaborate with Brokerage Accounting Manager and work closely with the Tax department to prepare the annual tax package as it relates to the Corporate entity.

• Develop and post into the general ledger the monthly corporate and allocations.

• Maintain the fixed asset ledger of the Corporate entity including tracking additions and disposals of all Corporate owned assets.  Record the periodic depreciation and amortization of all these assets.

• Handle and manage the accounting process for M & A transactions, if any.

• Maintain excellent working relationships with departments and other finance functions, educate departments in Finance processes and procedures, drive transparency and usefulness of financial information provided to leadership.

• Stay current in US GAAP and advise management on applicable upcoming changes.

• Work with finance leaders on special projects.

A) Experience And Education

• Bachelor’s degree in Accounting is required.

• CPA / MBA in Finance or Accounting strongly preferred.

• Minimum 5 years, 7+ years of experience preferred

• Public accounting experience  preferred (2 years+)Finance/accounting department with exposure to budgeting and financial reporting (5+ years) required

B) Functional Knowledge and Business Expertise Required

• Exceptional written and verbal communication skills, superb ability to understand and explain complex concepts.

• Excellent GAAP and financial reporting technical skills

• Familiarity with accounting for stock-based compensation, internally-developed software, debt and equity

• Experience with budgeting and forecasting.

• Strong Excel skills

• Experience with general ledger and financial reporting tools (e.g., Hyperion, JD Edwards, FAS and spreadsheet server).

Contact A Stan Hamlet Associate: 212-685-4884 

Senior Accountant (Jersey City, NJ) / Financial Services / Salary to $90K plus bonus **CPA REQUIRED**

The Financial Reporting Department is responsible for all financial reports of the firm. These reports are distributed to senior management, the Board of Directors, shareholders, participants and various regulators. In addition, Financial Reporting has primary responsibility for maintaining the general ledger system, which is the primary accounting record for the complex.

Principal Responsibilities:

·Perform various Month End Close processes with the Accounting team, including but not limited to:

– Journal Entry Preparation and Review

– Accrual review and analysis

– Balance Sheet & P&L Analysis and Review

– Working with other departments on manual month end adjustments

– Consolidations and intercompany eliminations.

– Validating data and reports from various systems.

·Identify process improvement opportunities, make recommendations for solutions

·Control Reporting, including Balance Sheet and P&L flux, FX and intercompany analysis.

· Reconciliations and reconciliation review

·Financial analysis and special projects in connection with new business ventures and divestures.

·Develop and update departmental policies and procedures

·Develop, support and train new and existing staff

·Assist with projects including GL and Reporting systems upgrades and transformations.

Experience:

4-10 years of progressive financial reporting and accounting experience, in industry or with a major public accounting firm

Knowledge and Skills Required:

·Balance sheet & P&L analysis

·Strong General Ledger and journal entry experience. Attention to detail is critical

·Strong analytical , problem solving and decision making skills, and the ability to meet deadlines

·Ability to get engaged into the details and execute proposed solutions

·Exposure to multi-national companies is a plus

·Consolidation, Intercompany and FX experience is a plus

·Strong interpersonal and communication skills, both written and oral

·Proficiency in MS Office (Excel, Word, PowerPoint)

·Ability to work with and influence cross functional teams

·Ability to interact effectively at all levels in the organization

·Outstanding interpersonal and communication skills, both written and oral

·Exposure to Oracle accounting software (JD Edwards and Hyperion) is a plus.

Education, Training &/or Certification:

Bachelor’s Degree in Accounting, Finance or related discipline

MBA, CPA or Chartered Accountant is a must.

Contact A Stan Hamlet Associate: 212-685-4884