Job Information
SMBC Financial Accounting and Reporting - Vice President in Jersey City, New Jersey
SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.
In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization’s extensive global network. The Group’s operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.
The anticipated salary range for this role is between $80,000.00 and $120,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.
Role Description
Support accounting operations and internal / external financial and regulatory reporting requirements in a dynamic environment within SMBC AD
Scope
This position supports the workflow and processing of all accounting areas and is responsible for preparation of internal and external financial and regulatory reports for various legal entities within SMBC AD. Activities are tactical and performed according to prescribed U.S. GAAP and IFRS standards. Complex and out of the ordinary accounting transactions are escalated to the next level of management
Job Responsibilities
Preparation of internal and external financial and regulatory reports including audited financial statements and quarterly reporting packages
Providing support to Accounting Managers by execution of various daily accounting tasks
Interface with Bank's accounting department with respect to various reporting requirements and projects
Supporting month-end and quarter-end accounting closing to ensure full reporting compliance within SMBC AD
Preparation of transaction accounting memos on a monthly basis
Preparation of monthly financial analytics, variance analysis and various management reporting packs
Preparation of various month-end reconciliations
Preparation of various tax related reports and work closely with Tax dept. to ensure internal / external tax compliance
Accounting research as needed
Special projects and reports as needed
Qualifications and Skills
Knowledge of financial and regulatory reporting, consolidation balance sheets and general accounting practices including U.S. GAAP and IFRS
Experience with creating financial statements including footnotes and working with external auditors
Experience with general ledger functions and the month-end/year close process
Strong analytic and problem- solving skills
Strong organizational skills, detail oriented with ability to manage multiple assignments concurrently
Strong communication and interpersonal skills
Extensive Excel experience required; Oracle Cloud GL and Alteryx knowledge a plus
CPA preferred
Work Experience
Recommended years of experience: 3 to 7 years of specialized experience
SMBC’s employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.
We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law. SMBC provides reasonable accommodations for employees and applicants with disabilities consistent with applicable law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.
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