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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 Rail Services LLC, Manufacturers Bank, 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 $72,000.00 and $90,000.00. 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

The Accounting Specialist II is responsible for all accounting and finance management issues for the SMFL construction, machine tool, transportation, IT/Syndication and other Japanese client business. Responsibilities include, but are not limited to, ensuring accuracy and completeness of financial books and records, performing monthly/quarterly closing, performing monthly GL account and process reconciliations, assisting with customer billing and customer payment applications in loan/lease accounting system and overall review of loan and lease transactions. Role also entails taking part in internal/external audits and maintaining compliance with company rules and regulations.

The anticipated salary range for this role is between $72,000 and $90,000. 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 Objectives

Responsible for all accounting and finance management issues for construction, machine tool, transportation, IT/Syndication and other Japanese client business such as daily journalizing, GL account and process reconciliations, assisting in customer invoicing/collection/payment applications related to loan and lease transactions, bank account reconciliations and system development and testing. This position will report directly to a Deputy General Manager in charge for Accounting and Tax, or Accounting and Tax Manager.

1. Review loan and lease transactions in SMFL, ensure accuracy and completeness of the financial books and records, perform monthly/quarterly closing, reporting to external and to Japan headquarters. Report to the manager of the Accounting Team.

2. Work closely with Credit, Leasing Operations, Marketing teams. Perform transaction analysis (Capital lease, Operating lease, Structured finance, GAAP analysis and documentation support/support).

3. Ensure compliance with internal policies and procedures.

4. Perform select GL account and process reconciliations as well as other duties as assigned and special projects when necessary

5. Assist in performing execution of wire disbursements for daily fundings.

6. Review Loan and lease transactions in the leasing system, executing any necessary restructure, termination and other contract revision.

7. Review and process expense (A/P) to supplier/vendors.

8. Check and update daily Cash Flow Management, plan and prepare necessary borrowing and repayment, request quote for an indication rate when needed. Maintain borrowing records in Loan System and excel, ensure accuracy and completeness of the financial books.

9. Negotiate borrowing conditions and terms with banks, review and execute borrowing contracts, maintain available facilities.

10. Train and instruct junior staff during the course of day to day operation.

11. Perform other duties as assigned.

Qualifications and Skills

1. Working knowledge of U.S. Generally Accepted Accounting Principles (GAAP) required

2. Strong accounting and analytical skills required

3. Ability to balance and prioritize critical responsibilities to ensure all deadlines are met on a timely basis.

4. Highly detail-oriented with an aptitude and desire to learn new products, conduct research and display critical thinking and problem-solving skills.

5. Takes appropriate actions proactively and seeks advice and escalates issues related to compliance to management in a timely fashion.

6. Demonstrates a positive attitude and high ethical standards; able to work well in a team environment and is seen as a strong team player.

Additional Requirements

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.