VP, Controllership - Corporate Reporting
- Employer
- Synchrony
- Location
- Stamford, Connecticut, United States
- Closing date
- Nov 13, 2024
View more categoriesView less categories
- Job Role
- Financial Accountant
- Sector
- Finance
- Contract Type
- Permanent
- Hours
- Full Time
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Job Description: Role Summary/Purpose: The VP, Controllership - General Accounting Controller reports directly to the SVP, Assistant Controller and is responsible for leading the accounting processes for a wide variety of areas including loans, acquisitions/dispositions of loan portfolios, the allowance for credit losses, retail deposits, intercompany accounting, Regulation W, and legal entity accounting. This leader will oversee all aspects of these and other accounting processes including the month-end close process, designing, executing and monitoring controls, ensuring SOX compliance, financial close and reporting processes, and driving key strategic initiatives impacting these processes. The position will be responsible for ensuring that SOX controls and processes are in place and operating effectively and that procedures are well documented and up to date. This role leads a global team of approximately 25 professionals located in the U.S. and Asia. Our Way of Working We're proud to offer you choice and flexibility. At Synchrony, our way of working allows you to have the option to work from home, near one of our Hubs or come into one of our offices. Occasionally you may be required to commute to our nearest office for in person engagement activities such as business or team meetings, training and culture events. Essential Duties & Responsibilities: Lead the financial close, transactional accounting and provide leadership to the accounting team to ensure proper execution of SOX internal controls over financial reporting Lead the identification and evaluation of process improvements across the accounting function including automation Lead efforts to support strategic finance initiatives including research, presentations and analysis including coordination on a cross-functional basis including with senior and executive management Responsible for talent management functions in the U.S. and Asia including: performance evaluations, coaching and development of team members and ensuring all staff comply with compliance requirements Oversight of the accounting for loan receivables and allowance for credit losses including maintaining a thorough understanding of the end to end business processes Oversight of the accounting for securitization trusts and intercompany including maintaining a thorough understanding of the end to end business processes Oversight of Regulation W procedures ensuring compliance including ensuring internal control processes affecting Regulation W are well designed, maintained, documented, and working effectively Oversight of Retail deposits accounting including simplification and automation of retail deposit processes Oversight of general accounting for funding (deposits, unsecured notes, and secured borrowings), fixed assets, intangibles, and prepaid assets including r esponsibility for maintaining a thorough understanding of the end to end business processes Oversight of Cash Accounting to provide controllership oversight and management support across Synchrony's Cash accounting process activities, ensuring timeliness and accuracy needs are met Perform special projects, and additional duties and responsibilities as required. Qualifications and Requirements: Bachelor's degree in Accounting, Finance or related Business area and 10 years of accounting/finance experience or in lieu of degree, 15 years equivalent experience. 3 years in a role with process/quality improvement experience - develop and implement new processes, improve existing routines Desired Characteristics: Demonstrated leadership with the ability to successfully manage multiple priorities in a high-speed, quickly changing business environment Certified Public Accountant Demonstrated project management skills - leading multiple projects & driving each to completion Strong background in accounting practices and procedures Strong Microsoft Office skills Strong project management skills Proven ability to work independently and meet deadlines Experience working in a fast-paced, changing environment Strong communication skills (oral & written) Strong analytical and problem solving skills Strong organizational/self-motivation skills Grade/Level: 14 The salary range for this position is 150,000.00 - 250,000.00 USD Annual and is eligible for an annual bonus based on individual and company performance. Actual compensation offered within the posted salary range will be based upon work experience, skill level or knowledge. Salaries are adjusted according to market in CA, NY Metro and Seattle. Eligibility Requirements: You must be 18 years or older You must have a high school diploma or equivalent You must be willing to take a drug test, submit to a background investigation and submit fingerprints as part of the onboarding process You must be able to satisfy the requirements of Section 19 of the Federal Deposit Insurance Act. New hires (Level 4-7) must have 9 months of continuous service with the company before they are eligible to post on other roles. Once this new hire time in position requirement is met, the associate will have a minimum 6 months' time in position before they can post for future non-exempt roles. Employees, level 8 or greater, must have at least 18 months' time in position before they can post. All internal employees must consistently meet performance expectations and have approval from your manager to post (or the approval of your manager and HR if you don't meet the time in position or performance expectations). Legal authorization to work in the U.S. is required. We will not sponsor individuals for employment visas, now or in the future, for this job opening. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status. Our Commitment: When you join us, you'll be part of a diverse, inclusive culture where your skills, experience, and voice are not only heard-but valued. We celebrate the differences in all of us and believe that our individual, unique perspectives is what makes Synchrony truly a great place to work. Together, we're building a future where we can all belong, connect and turn ideals into action. Through the power of our 8 Diversity Networks, with more than 60% of our workforce engaged, you'll find community to connect with an opportunity to go beyond your passions. This starts when you choose to apply for a role at Synchrony. We ensure all qualified applicants will receive consideration for employment without regard to age, race, color, religion, gender, sexual orientation, gender identity, national origin, disability, or veteran status. Reasonable Accommodation Notice: Federal law requires employers to provide reasonable accommodation to qualified individuals with disabilities. Please tell us if you require a reasonable accommodation to apply for a job or to perform your job. Examples of reasonable accommodation include making a change to the application process or work procedures, providing documents in an alternate format, using a sign language interpreter, or using specialized equipment. If you need special accommodations, please call our Career Support Line so that we can discuss your specific situation. We can be reached at 1-866-301-5627. Representatives are available from 8am - 5pm Monday to Friday, Central Standard Time Job Family Group: Finance
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