Truist Financial

Financial Controller II

Truist Financial$88K — $105K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor’s degree in Accounting or equivalent education and training
  • 2-3 years of experience in accounting or finance with complex financial analysis
  • Strong understanding of lease and property accounting under GAAP
  • Excellent communication and presentation skills
  • Analytical and problem-solving abilities
  • Demonstrated leadership and teamwork skills
  • High proficiency in Microsoft Office applications, especially Excel

Responsibilities

  • Provide quality assured financial reporting for Corporate Real Estate activities
  • Review lease contracts for proper accounting under ASC 842
  • Manage deliverables for the team according to expected results
  • Conduct account-level variance analysis to support month-end close
  • Prepare and review SEC and Regulatory disclosures to mitigate financial risk
  • Assess accounting impacts of business changes
  • Drive process improvement initiatives to enhance operational effectiveness

Benefits

  • Medical, dental, and vision insurance
  • Life insurance and disability coverage
  • 401k plan with company contributions
  • Minimum of 10 days vacation and paid holidays
  • Sick days
  • Possibility of eligibility for defined benefit pension plan and restricted stock units
Full Job Description

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Regular or Temporary:

Regular

Language Fluency:  English (Required)

Work Shift:

1st shift (United States of America)

Please review the following job description:

Responsible for providing quality assured financial reporting for Corporate Real Estate activities. Serves as a subject matter expert for lease accounting under ASC 842, assisting in maintaining up to date policies, and requesting clarification of existing policies as required. Primary roles include Management Reporting & Analysis, Financial Risk Management (FRM), Financial Reporting, and accounting controls and operations. Responsibilities include management reporting, finance and accounting analytics, internal controls over financial reporting, execution of accounting processes, regulatory reporting, and accounting policy.

Manages deliverables for the team against expected results. Makes judgments about the team's priorities and approach to work. Identifies and resolves technical, operational, risk management, business, and organizational challenges. Makes leadership decisions within established policies & procedures.

• Review lease contracts to determine proper accounting under ASC 842 and Truist policies. Creating and reviewing accounting appropriate accounting schedules.

• Work closely with lease administration and transaction managers to assist in remain aware of all transactional activity and providing appropriate consultation.

• Help ensure proper accounting for non-lease real estate transactions.

• Provide accounting guidance and support to ensure new products or transactions are accounted for correctly and accounting and financial reporting risks are identified

• Preparation/review of reporting and analyses of monthly results in support of the closing process (EOC and other monthly reporting) and understanding and reviewing financial results

 • Subject matter expertise in the identification and querying of the data necessary to prepare and provide value added management reporting

• Account level variance analysis in support of the month-end close process.  Includes identifying, analyzing, and interpreting variances and unusual trends in the GL activity

• Preparation/review of standard and enhanced reports, regular and ad hoc analytics, and interpretation of financial results

• Assess accounting impacts of business changes

• Oversight of the internal control structure over processes specific to lease accounting that impact financial reporting; proactively partners with the LOB to ensure accuracy and integrity of processes impacting financial reporting

• Includes understanding, articulating and reviewing results to ensure consistency with GAAP, financial policies, and controls

• Prepare/review reporting and analyses of monthly results for the closing process to identify and mitigate areas representing material financial risk

• Provides support for LOB information enhancement initiatives

• Prepare/review of SEC and Regulatory disclosures and financial filings to ensure the SOX Control structure mitigates financial risk

 • Ensures adherence to relevant Financial Management requirements including policies, standards, procedures, internal controls, and record retention

• Support the month end close process

• Analysis of GL activity and results • Performance of SOX controls

• Preparation of journal entries to record the results of business transactions to the GL

• Works collaboratively with the LOB and SFO teams to ensure accurate recording of transactions to the GL

• Drive process improvement and automation initiatives to streamline workflows and enhance operational effectiveness.

• Preparation, review and oversight of quarterly and annual SEC and Regulatory disclosures and other financial filings

• Support the Corporate Controller and Financial Reporting team on external financial and regulatory reporting matters including certain LOB specific regulatory reporting and internal management reporting. Serves as a subject matter expert on lease accounting under ASC 842, assisting in maintaining up to date policies, and requesting clarification of existing policies as required

• Responsible for monitoring compliance with Corporate accounting policies in the areas of lease accounting

• Responsible for adhering to Truist accounting policies

Required Qualifications:

The requirements listed below are representative of the knowledge, skill and/or ability required. 

  • Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

  • Bachelor’s degree in Accounting, or equivalent education and related training.

  • 2-3 years of relevant accounting or finance experience that includes complex financial analysis.

  • Incumbent must possess the experience and business vision to provide leadership to support to the Corporate Controller and Executive leadership.

  • Sound and comprehensive understanding of business and organizational strategies and processes. 

  • Ability to build consensus through communication and presentation of factual and relevant information.

  • Strong verbal and written communication skills to interpret and communicate financial analysis to business partners in a concise and useful manner.

  • Strong analytical and problem-solving skills.

  • Sound and logical decision-making abilities.

  • Demonstrated leadership skills and ability to work well with others in a dynamic, team-oriented environment.

  • Familiarity with GAAP, with specific knowledge of lease and property accounting.

  • High proficiency in computer applications such as Microsoft Office Excel, PowerPoint, Word, Outlook, and other basic software products.

  • Financial Modeling experience.

Preferred Qualifications:

  • CPA

  • Proficient in Essbase/Hyperion, EPM/BPC, or other enterprise accounting software.

  • Proficient in CoStar Real Estate Manager.

  • Experience with macros/VBA.

General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist’s generous benefit plans, please visit . Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

About Truist Financial

Truist Financial Careers

Join the dynamic team at Truist Financial, a leader in the financial services sector, and propel your career to new heights. At Truist Financial, we offer more than just job opportunities; we provide a platform for professional growth and innovation in an environment that values diversity and leadership.

Why Truist Financial?

At Truist Financial, we are committed to building a diverse and inclusive workplace where every team member is empowered to contribute their unique skills and perspectives. We believe that our strength lies in our diversity, and we are dedicated to fostering a culture that embraces the differences that make each of us unique.

Explore a World of Opportunities

Whether you're seeking your first internship or a seasoned professional looking to advance your career, Truist Financial offers a range of employment opportunities across various disciplines. Our team is growing, and we are constantly looking for talented individuals who are eager to make an impact.

Innovate and Lead

Join us and be part of a culture of innovation where your ideas can help shape the future of banking. At Truist Financial, you’ll work alongside industry leaders and have access to cutting-edge resources that foster continuous professional development and innovation.

Develop Your Career

Truist Financial is deeply invested in the career progression of our employees. We offer robust training programs, including leadership development and diversity training, to ensure you have the tools needed to succeed. Our commitment to your growth is reflected in our comprehensive benefits package, designed to support you both professionally and personally.

Networking and Professional Development

Enhance your professional network and connect with like-minded colleagues through our various networking events and community engagement initiatives. At Truist Financial, we believe in the power of connections and the impact they can have on your career.

Join Our Team

Ready to take the next step in your career? Explore the current job openings at Truist Financial. We are hiring across multiple departments, looking for passionate, curious, and innovative individuals to join our team. Check out our available positions and find the one that best matches your skills and interests.

Prepare for Your Interview

Make a great first impression. Visit our Careers page for tips on how to craft a compelling resume and succeed in your interview at Truist Financial. We are excited to see how you can contribute to our team and help us drive the future of banking.

Stay Connected

Don’t miss out on future opportunities or insights into our company culture and industry trends. Subscribe to our job alert emails and stay informed about new positions and career tips directly from our professionals. At Truist Financial, we’re not just offering jobs; we’re building careers. Join us and discover how you can make a difference and fuel your future.

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READ CAREERS BLOG

Learn more about Truist Financial
Size
50,283 employees
Market Cap
$56.6 billion
Industry
5 Year Trend
+14.3%
NASDAQ

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