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SMBC Financial 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 $92,000.00 and $170,000.00. 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

This position will oversee the compliance of Accounting and Financial Reporting for JRI America, Inc to include the production of financial reports, maintenance of a system of accounting records, and a comprehensive set of controls designed to mitigate risk, enhance the accuracy of reported financial results, and ensure that reported results comply with Regulatory and Head Office requirements.

The position is part of Subsidiary Accounting and Reporting Group and is responsible for ensuring a sound internal control environment, timely and accurate financial and management reporting, supporting operating and financial reporting systems. Activities are performed according to prescribed US GAAP or IFRS standards.

Responsibilities

  • Maintains a documented system of accounting procedures and polices working directly with SMBC Accounting Policy group;

  • Oversees the preparation of timely & accurate monthly, quarterly, and annual financial results as required, for management, external auditors, regulators, and Home Office;

  • Coordinates the provision of information to external auditors for the annual audit;

  • Oversees accounts, ledgers, and reporting systems ensuring compliance with appropriate IFRS / US GAAP standards, regulatory requirements, and new processes within SMBC Americas Division;

  • Maintains the chart of accounts to enable proper consolidation of all subsidiaries;

  • Manages the production of the annual budget and forecasts;

  • Supports operation function by performing / reviewing various billings, allocations and monitoring of monthly activities;

  • Creates a high-performance culture focused on continuous improvement to maximize efficiency and reduce risk;

  • Participates in a wide variety of special projects to ensure proper accounting treatment and accurate data.

Qualifications and Skills

  • 8+ years of working experience in financial industry in Accounting / Finance function;

  • Knowledge of financial reporting, consolidation balance sheets and general accounting practices including U.S. GAAP and IFRS;

  • Experience with creating financial statements including footnotes and coordinating audit activities;

  • Experience with general ledger functions and the month-end/year close process;

  • Ability to manage multiple initiatives simultaneously and plan/prioritize appropriately;

  • Ability to lead and drive initiatives through creative thinking and pragmatism;

  • Strong attention to detail and ability to independently work across functional groups;

  • Well-developed listening skills and ability to engage at the senior management level;

  • Strong influencing skills with the ability to mediate discussions and draw consensus;

  • Outstanding analytical and problem solving skills;

  • Proficiency with Word, Excel, PowerPoint, along with ability to quickly learn new programs and applications;

  • Bachelor’s degree in accounting or finance and

  • CPA or other professional qualification highly preferred.

Additional Requirements

D&I Commitment

Responsible for fostering a culture of diversity and inclusion, holding leaders accountable for creating an inclusive environment through awareness and practice of equity in recruiting, developing, and promoting diverse talent.

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.

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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