Job Information
SMBC Senior Manager, Management Reporting - Reconciliation and Confirmation Director 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 $139,000.00 and $215,000.00. 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 is responsible for overseeing the expense management reporting function of the SPDADFAD Controllers Group for Personnel and Non-Personnel expenses, month end closing functions, and assisting with Head Office reporting, and interacting and coordinating with internal departments within the SMBC and its subsidiaries.
Responsibilities
Reporting to the Director- Management Reporting, this position will be responsible for carrying out functions for payroll reconciliations and general ledger adjustments.
The Director will be responsible to ensure both tasks are carried out, and to enhance existing processes and implement stronger controls surrounding the tasks related to payroll entries and reconciliations.
The Director will also be responsible for carrying out tasks related to expense and budget management, such as expense classification and accrual accounting.
Roles at this level have developed an understanding of core operational processes. Day-to-day actions are focused on administering defined procedures, analyses, and report preparation in accordance with prescribed IFRS and U.S. GAAP.
The position will require the incumbent to understand and perform duties timely and accurately.
Qualifications and Skills
Bachelor’s degree in accounting, MS/MBA a plus.
CPA required.
10 or more years of relevant accounting experience.
Detail oriented, flexible and able to multi-task. Strong analytical skills.
Good knowledge of financial reporting and general accounting practices (US GAAP, J-GAAP, IFRS).
Working knowledge of bank reconciliations and fixed asset accounting preferred.
Knowledge on accounts payable vendor maintenance a plus.
Experience with general ledger functions and month-end/year end closing processes.
Knowledge of Oracle Application and/or other accounting application.
Advanced Excel skills (VLOOKUP, Pivot Tables, etc.).
Financial service industry experience a plus, but not required.
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. 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.