• Assistant Manager Private Wealth Management Accounting

    ID
    2019-8002
    Job Locations
    US-CA-San Francisco
    Category
    Accounting/Finance
  • Overview

    Assistant Manager, Private Wealth Management Accounting
    San Francisco, CA 

     

    At First Republic, we care about our people. We offer extraordinary client service in private banking, private business banking, and private wealth management. Founded in 1985, we believe that personal connections are everything and our success is driven by the relationships we form with our colleagues and clients. You’ll always feel empowered and valued at First Republic.

     

    Incredible teams doing exceptional work, every day.

    In Accounting, we’re responsible for recording and reconciling financial transactions, processing vendor payments, processing payroll, calculating and remitting taxes. We also produce external and internal financial reports and interpret accounting guidance.

     

    The Assistant Manager of Private Wealth Management (PWM) Accounting will serve as a partner to First Republic Bank’s Manager and Chief Accounting Officer and will work with a team responsible for PWM accounting. The individual will have responsibility for financial close; monthly, quarterly and year-end financial reports; related SOX controls; and application of appropriate technical accounting and regulatory rules. The individual must thrive in a detailed and deadline-oriented environment, enjoy coaching and developing others, and have a passion for continuous improvement.

    Responsibilities

    What you'll do as an Assistant Manager, Private Wealth Management Accounting

    • Responsible for aspects of PWM month- and quarter-end closing process including: revenue from contracts with customers, intangible assets, foreign currency, incentives and fees (includes certifications, variance analysis and related analytics)
    • Review of consolidated assets under management report and communication of trends
    • Lead technical accounting research for PWM complex accounting matters
    • Ensure compliance with ASC 606, Revenue Recognition
    • Play a key role in system implementations that impact PWM accounting (including replacement of the FX system)
    • Ensure maintenance of effective internal controls and appropriate accounting procedures for PWM, including evaluation of processes and controls for compliance with SOX 404
    • Support other special projects
    • Coach and develop employees to be capable of actively and effectively engaging and growing with the business
    • Prepared quarterly financial statements
    • 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

    DISCLAIMER: Critical features of this job are described under the items above. They may be subject to change at any time due to reasonable accommodation or other reasons. This job description reflects management’s assignment of essential functions; it does not prescribe or restrict the tasks that may be assigned. Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time

    Qualifications

    What skills you will use: 

    • BA/BS degree and accounting, finance or related field
    • Five plus years of accounting experience with either a Big four accounting firm, or public company
    • Managerial experience
    • Progressive track record of success in managing within an accounting organization
    • Banking or financial services experience is preferred, especially in the areas of private wealth management accounting
    • Excellent written and verbal communications
    • Proficient in Excel, and experience with Oracle preferred
    • CPA, CFE, CISA or CIA or equivalent professional certifications preferred

    Physical Requirements:

    • 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 in a limited capacity

    Are you a good fit?
    Are you willing to take initiative and make decisions? Are you willing to go the extra mile because you love what you do and how you can contribute as a team? Do you want the freedom to grow and the opportunity to take charge of your own career? If so, then come join us.

     

    Apply now
    We want hard working team players. You’ll have the independence to learn, lead and drive change. A culture of extraordinary service, empowerment and stability—that’s the First Republic way. Come join us!

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