Financial Controller II

Job Title

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:

• Bachelor's degree in Accounting, or equivalent…