• Assistant Manager, Financial Reporting

    ID
    2018-6281
    Job Locations
    US-CA-San Francisco
    Category
    Accounting/Finance
  • Overview

    First Republic is an ultra-high-touch bank that provides extraordinary client service. We believe that one-on-one interactions build lasting relationships. We move quickly to serve our clients’ needs so that their financial transactions are handled with ease and efficiency. Client trust and security are paramount in our line of business. Ultimately, our goal is unsurpassed client satisfaction which will lead to personal referrals – our number one source of new business.

     

    We recognize that our competitive advantage starts with our people and our culture. At First Republic, we work hard and move quickly as a very coordinated team. If you are looking for an opportunity to grow and contribute in a fun, fast-paced environment, First Republic is the place for you. We have exceptional people focused on providing extraordinary service.

     

    The Financial Reporting Assistant Manager (“Assistant Manager”) will be responsible for management of the preparation and filing of external regulatory financial reports (primarily the Call Report and Basel III disclosures), as well as selected disclosures for the 10-Q/K and other filings.  The Assistant Manager will also be responsible for risk-based capital and FDIC assessment processes, and various other regulatory reporting requirements. 

     

    The Assistant Manager will develop strong working relationships with cross-functional partners, including Accounting Policy, Accounting, Finance, Credit Administration, Wealth Management, Internal Audit and others.  The Assistant Manager will maintain policies and process documentation related to regulatory financial reporting, and will supervise members within the Financial Reporting function.  The Assistant Manager will be responsible for assessing the impact of emerging regulatory guidance and communicating developments to stakeholders.

     

    The Assistant Manager will develop and implement processes and systems enhancements related to the regulatory financial reporting function.  The Assistant Manager will work on various projects related to Accounting/Finance process enhancement initiatives, increased disclosure effectiveness, aggregation of data for external filings, and other cross-functional projects, including data and disclosure requirements under the Current Expected Credit Losses (“CECL”) standard.  The Assistant Manager will also work with Accounting Policy and other functional groups to ensure that regulatory/financial reporting requirements related to all new regulatory or accounting pronouncements are met.

    Responsibilities

    • Manage the regulatory reporting process for external filings and internal deliverables to other functional groups.
    • Review schedules prepared by the Financial Reporting team related to external filings and internal deliverables.  Perform financial analyses as necessary.
    • Research and provide guidance on accounting and regulatory reporting issues. Monitor and implement reporting requirements related to new accounting and regulatory pronouncements.
    • Manage the development and implementation of processes and systems enhancements over the Financial Reporting function.
    • Lead various projects related to Accounting/Finance process enhancement initiatives, disclosure effectiveness, and regulatory reporting data aggregation enhancements.
    • Assist with independent auditor’s quarterly reviews and annual audits, as well as with regulatory exams and requests.
    • Maintain strong internal controls over financial reporting; update procedures and internal control narratives; ensure clean audit trails and adequate documentation for all financial reports.
    • Assist with enterprise risk management program for the Financial Reporting function.
    • Perform duties & responsibilities specific to department functions & activities.
    • Performs other duties & responsibilities as required or assigned by supervisor.
    • Responsibilities include the following: 1) adhering to and complying with all applicable, federal and state laws, regulations and guidance, including those related to Anti-Money Laundering (i.e. Bank Secrecy Act, USA PATRIOT Act, etc.), 2) adhering to Bank policies and procedures, 3) completing required training, 4) identifying and reporting potential suspicious activity to the BSA/AML Officer, and 5) knowing and verifying the identity of any customer(s) that enters into a relationship with the Bank.

     

    Qualifications

    Skills, Knowledge & Abilities:

    • Bachelor’s degree in Accounting.
    • At least 6 years at a Big 4 accounting firm (external audit) or mix public accounting + SEC reporting/financial reporting experience
    • Supervisory/management responsibilities.
    • Banking experience preferred.
    • Regulatory reporting experience preferred.
    • CPA preferred.
    • Strong understanding of GAAP and SEC reporting requirements.
    • Excellent analytical and organizational skills.
    • Detail-oriented approach to problem solving and ability to learn systems (reporting, record keeping, etc.) and processes quickly.
    • Effective interpersonal skills.
    • Strong written and oral communication skills.
    • Proficient in Word and Excel.
    • Oracle and Hyperion experience a plus.
    • Workiva experience a plus.
    • Ability to handle multiple tasks/projects and meet tight deadlines.
    • Self-motivated individual with a strong interest in accounting and reporting issues.
    • Team player.
    • Provides extraordinary service.
    • Hands-on approach to accomplishing tasks.
    • Furthers the First Republic Bank culture and values.

     

    Mental/Physical Requirements:

    • The ability to learn and comprehend basic instructions; understand the meanings of words and respond effectively; and perform basic arithmetic accurately and quickly.
    • Vision must be sufficient to read data reports, manuals and computer screens.
    • Hearing must be sufficient to understand a conversation at a normal volume, including telephone calls and in person.
    • Speech must be coherent to clearly convey or exchange information, including the giving and receiving of assignments and/or directions.
    • Position involves sitting most of the time, but may involve walking or standing for brief periods of time.
    • Must be able to travel as position requires.
    • May be required to lift 25-50lbs.

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