Job DescriptionResponsible for providing appropriate technical accounting interpretation on the application of generally accepted accounting practices to finance/accounting personnel and senior/executive management in both corporate areas and lines of business. Responsible also for providing similar services to certain Corporate Support functions and/or directly to senior/executive management on various areas of accounting, including Corporate Credit Administration, Corporate External Reporting, Corporate Accounting and Tax, Business Line Planning and Reporting, etc. Acts as a business partner with these groups to create, maintain and ensure implementation of appropriate accounting policies and best practices, evaluate proposed transactions for accounting implications, analyze potential impacts of proposed accounting standards, and plan/implement adoption of new accounting standards.
Primary Responsibilities
Assess the impact of new accounting standards on the Company and responsible for leading the implementation across affected business units.
Provide day-to-day guidance on accounting for new, unusual, significant and/or complex transactions or products. Ensure business units have clear understanding of accounting application; and potential impacts and operational processes are considered in the implementation of accounting practices.
Directly involved in critical decision-making activities that drive or enhance business performance and/or the related impact to financial results.
Keep current and prepare summaries of industry accounting issues and literature to ensure company compliance and appropriate interpretation and application.
Prepare written summaries supporting accounting positions taken on significant or complex transactions. Assist with drafting comment letters to the FASB on proposed accounting standards.
This position may engage staff from other areas to assist on projects on an as needed basis and must be effective in managing and motivating staff that do not report directly to him/her.
Qualifications
Bachelor’s degree in accounting or finance, or equivalent work experience
8 or more years of relevant financial accounting experience
Preferred Skills/ Experience
CPA preferred (active or inactive)
Advanced knowledge of financial concepts and methodologies
Considerable knowledge of accounting theory practice, regulatory requirements and reporting
Demonstrated ability to apply critical thinking, problem solving, and decision-making skills
Strong and effective verbal and written communication skills
Effective project planning and management skills
The role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.
Benefits:
Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:
Healthcare (medical, dental, vision)
Basic term and optional term life insurance
Short-term and long-term disability
Pregnancy disability and parental leave
401(k) and employer-funded retirement plan
Paid vacation (from two to five weeks depending on salary grade and tenure)
Up to 11 paid holiday opportunities
Adoption assistance
Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
Review our full benefits available by employment status here.
The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $126,820.00 - $149,200.00
Posting may be closed earlier due to high volume of applicants.
