Consolidations and Reporting- GAAP, IAS, MBS, ABS

Job Description:

 

Individual is to be energetic with a good sense of financial controls and processes.  Responsibilities will include financial accounting and reporting of a US broker-dealer and its affiliated companies.  The finance group is responsible for:

 

?  Monthly financial accounting close which includes institutional and retail activities of a US registered broker-dealer, and investment activities such as real estate investments, private equity investments and mezzanine financing activities.

?  Responsible for the consolidation of company and it?s subsidiaries and resulting consolidation accounting entries under both US GAAP and IAS ? includes consolidation of real estate investment companies, joint partnerships, ABS & MBS SPE?s, and ABS & MBS Trusts entities

?  Preparation of IAS adjustments to bring financial results from a US GAAP basis to an IAS basis.  This will be reversed when the new Group general ledger (PeopleSoft) in implemented in 2006.

?  Preparation of inter-company recharge/recovery policy and procedures resulting in proper recording of inter-company re-charges and recoveries that lead to effective confirmation and consolidations.

?  Coordination of year-end and mid-year financial audits by KPMG, Internal Audit and timely implementation of any audit findings

?  Development of accounting procedure/policy manual pursuant to company standards

?  Responsible for assessment of new business initiatives and impact to financial accounting process and procedures (i.e. consolidation of Trust vehicles, financial accounting of SPE)

?  Participation in development of line-of-business reports so to ensure balance sheet allocation methodologies are consistent with financial accounting best practices

?  Participation in development and implementation of new group general ledger (PeopleSoft).  Ensuring the general ledger can properly record and report IAS and US GAAP financial results.  Responsible for ensuring proper US GAAP entries can be made to new general ledger to bring financial results from an IAS basis to a US GAAP basis.

?  Review of current general ledger (Sun Systems) for consistency and accurate usage of COA

Responsible for establishing proper US GAAP and IAS accounting entries from trading sub-systems (i.e. Impact, ADP, Fiscal, etc.).  This includes efforts to migrate to ICI GPS.

 Skills / Qualifications:

 

Education: BS in Accounting or Finance

  Certified Public Accountant

Member of AICPA and active participant in the CPA community

 

Experience: 

Over 10 years of experience performing financial accounting and reporting functions (month-end financial closes, statutory reporting, audit, accounting policy, etc.) in either the private or public sector.  Strong emphasis on financial accounting practices for a full service international financial services company.

?  Experience with implementing sound accounting policy and procedures related to a financial service corporation

?  US and IAS Financial Reporting in the retail and institutional brokerage, investment banking, and US banking industry

?  Extensive work with preparing audited financial statements and related disclosures

?  Heavy exposure to financial consolidations of SPE, Trusts, and Joint Partnerships with a strong knowledge of related US GAAP and IAS policies

?  Strong knowledge of FASB Principals and Interpretations

?  Knowledge of International Accounting Standards (IAS) is preferred

?  Experience in broker-dealer financial accounting and reporting requirements

?  Experience in establishing and documenting general accounting processes and procedures (i.e. accrual policy/procedures, consolidation policy/procedures)

?  Financial products to include: US Government Treasuries and Agencies, Zero and Discount Notes, Corporate Bonds, Equity Securities, Mortgage Backed Securities, Credit & Interest Rate Derivatives, Repurchase and Reverse Repurchase,  Securities Borrowed and Loaned, Futures & Options (Exchange and OTC)

?  Strong working knowledge of Excel, Access, Hyperion Enterprise, PeopleSoft, and Lotus Notes

?  Experience in general ledger implementations is a plus, preferably PeopleSoft applications

 

Years of experience: over 10 years performing financial accounting and reporting functions

  (statutory reporting, audit, accounting policy, etc.)