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Lead Accounting Analyst

Company: Silicon Valley Bank
Location: New York
Posted on: November 26, 2022

Job Description:

BE PART OF A BANK LIKE NO OTHER.When you work with the world's most innovative companies, you know you're making a difference.Our clients are the game changers, leaders and investors who fuel the global innovation economy. They're the businesses behind the next medical breakthroughs. And the visionaries whose new technologies could transform the way people live and work.They come to SVB for our expertise, deep network and nearly forty years of experience in the industries we serve, and to partner with diverse teams of passionate, enterprising SVBers, dedicated to an inclusive approach to helping them grow and succeed at every stage of their business.Join us at SVB and be part of bringing our clients' world-changing ideas to life. At SVB, we have the opportunity to grow and collectively make an impact by supporting the innovative clients and communities SVB serves. We pride ourselves in having both a diverse client roster and an equally diverse and inclusive organization. And we work diligently to encourage all with different ways of thinking, different ways of working, and especially those traditionally underrepresented in technology and financial services, to apply.Job Description:Lead Analyst, Treasury AccountingSVB Financial Group is a diversified financial services company as well as a bank holding company. Through its various subsidiaries and divisions, SVB offers a diverse set of banking and financial products and services to clients across the United States, as well as in key international innovation markets. For over 30 years, the Company has been dedicated to helping support entrepreneurs and clients of all sizes and stages throughout their life cycles, primarily in the technology, life science/healthcare, private equity/venture capital and premium wine industries.SVB offers commercial and private banking products and services through its principal subsidiary, Silicon Valley Bank, which is a California state-chartered bank founded in 1983 and a member of the Federal Reserve System. The Bank and its subsidiaries also offer asset management, private wealth management, brokerage, and other investment services. In addition, through SVB Financial Group's other subsidiaries and divisions, the Company offers non-banking products and services, such as funds management and business valuation services.SVB focuses on cultivating strong relationships with firms within the private equity and venture capital community worldwide, many of which are also clients and may invest in SVB's corporate clients.Primary Responsibilities:As part of the Treasury Controller team, theLead Analyst, Treasury Accountingwill be responsible for performing accounting tasks for the corporate close and consolidations controllership function.The key responsibilities of the role will include recording/reviewing journal entries, reconciliation governance/oversight, monitoring activities over the consolidated financial statements, performing analytical procedures, supporting reporting activities to senior accounting leadership, and managing ad hoc projects relating to the close and consolidations process. The applicant will also be required to maintain strong internal controls, including ownership of key SOX controls, within a constantly growing and changing business. The applicant will also be expected to effectively collaborate with other partners within finance, as well as other members of the businesses. The essential functions to be performed by the applicant include but are not limited to the following:

  • Assist controllership team with monthly close activities relating to the FX, Derivative, and Low Income Housing Tax Credit portfolios, including account reconciliation, recording journal entries, and analytical review to ensure accuracy of the financial statements.
  • Work with Off- Shore team to coordinate recording of journal entries and account reconciliations related to FX and Derivatives portfolio.
  • Assist controllership team to prepare monthly close package, perform detailed variance analysis on the financials, and research and investigate significant fluctuations in the financials
  • Provide key management reports to executive leadership with quick turnaround, without sacrificing accuracy.
  • Address requests that arise for compliance and audit functions (SOX, internal Audit, annual external audit, etc.)
  • Assist with documentation of new accounting policies and documentation of significant, nonroutine transactions or new product implementations.
  • Ensure proper financial management controls and governance are embedded across the
  • business.
  • Participate in special projects. Performs other specific duties and responsibilities as required or assigned by the Controllership team.
  • Identify and implement controls and process improvements
  • Understand and analyze data flows through various upstream and downstream systems
  • Performs other specific duties and responsibilities and special projects as required or assigned by management. This includes resolving issues as they arise across systems or operational processes.Qualifications:
  • Must have a bachelor's degree in accounting or a related field
  • Minimum 3+ years' relevant experience required with public accounting firm and/or industry experience, with financial services industry preferred
  • Must be a team player with strong work ethics, good analytical skills, and professional skepticism
  • Internal control experience is required
  • Must be proficient in Excel, PowerPoint, and Word
  • Certified Public Accounting (CPA) or advanced degree in Accounting strongly preferred
  • Public accounting experience preferred
  • Great verbal and written communication skills
  • Ability to think critically and efficiently on concurrent complex issues and pay consistent attention to detail in all matters
  • Able to work effectively with other functional teams outside accounting.
  • Ability to adapt to and embrace change in a large and rapidly growing company
  • Ability to multi-task, work under pressure and meet deadlines required.
  • Individual should be familiar with all areas related to financial reporting as well as accounting principles, practices, and procedures.
  • Working knowledge of US GAAP.
  • Conceptual understanding of a risk-based audit approach
    Base Pay:$82,016.00 - $111,407.00Actual starting base pay will be determined on skills, experience, and other non-discriminatory factors permitted by law. Total compensation may also include variable incentives, bonuses, benefits, and/or other perks, as outlined in any formal offer made.SVB benefit programs are designed to meet our employees where they are in life. SVBers may enroll in core benefits programs, plus take advantage of customized perks and offerings, including those designed to support families, however defined. More information regarding our benefits offerings can be found here. 2022 SVB Financial Group. All rights reserved. SVB, SVB FINANCIAL GROUP, SILICON VALLEY BANK, MAKE NEXT HAPPEN NOW and the chevron device are trademarks of SVB Financial Group, used under license. Silicon Valley Bank is a member of the FDIC and the Federal Reserve System. Silicon Valley Bank is the California bank subsidiary of SVB Financial Group (Nasdaq: SIVB).Equal Employment OpportunitySilicon Valley Bank is an equal opportunity employer and is dedicated to expanding its commitments and investments to create a more diverse, equitable and inclusive company culture and innovation ecosystem. We are strongly committed to the values and policy of equal employment opportunity across our employment practices.Silicon Valley Bank UK Limited is registered in England and Wales at Alphabeta, 14-18 Finsbury Square, London EC2A 1BR, UK (Company Number 12546585). Silicon Valley Bank UK Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority (Firm Reference Number 543146). Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request.

Keywords: Silicon Valley Bank, New York , Lead Accounting Analyst, Accounting, Auditing , New York, New York

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