Accounting Policy Director

Accounting Policy Director

Truist Financial

Location: Charlotte, NC
Employment Type: Full Time

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• Provide expert accounting advice and oversight: Serve as an effective business partner and expert advisor in collaborating across the organization in achieving financial reporting that (i) complies with GAAP, (ii) is transparent, (iii) is representationally faithful to the business objective and economics of the underlying transaction or activity and (iv) is produced in a well-controlled, practical and operationally sustainable manner.
• Research appropriate accounting treatment and provide expert advice for complex transactions or financial matters for Truist Financial Corporation and its subsidiaries to ensure compliance with GAAP, regulatory reporting and affiliate transaction requirements. Such complex issues include but are not limited to acquisitions, divestitures, credit losses, hedge accounting, transfers and variable interests.
• Support the controlled accounting and reporting for highly complex transactions. Responsibilities include accurate financial reporting and adequate internal controls, preventing or detecting financial reporting fraud and ensuring that Truist complies with applicable accounting policies and standards.
• Monitor activities of standard setters and regulators and ensure that all relevant proposed changes to GAAP and other reporting requirements are understood and the impacts communicated to senior and executive leaders timely.
• Oversee the implementation of new accounting or external reporting requirements, including development of accounting and regulatory reporting policies and standards, design of operational processes necessary to ensure full compliance and the development of the related internal control framework.
• Prepare and/or revise, or oversee the preparation and/or revision of accounting policies and procedures to effectively manage the risk of GAAP non‑compliance by reflecting new accounting pronouncements or guidance.
• Proactively provide counsel to Executive officers, senior leaders and financial management on complex accounting and external reporting issues. Develop conceptual frameworks to assist senior leaders in understanding the accounting and reporting requirements. Provide accounting guidance in response to inquiries from auditors, regulators and others regarding specific transactions, issues and other matters.
• Ensure the design and implementation of adequate processes and controls to comply with relevant GAAP such as to prevent deficiencies in internal control over financial reporting. Support the Risk Management Organization through the effective identification, measurement, communication and mitigation of GAAP risk in adherence with requirements.
• Oversee the preparation and review of relevant sections of the SEC Forms 10‑K and 10‑Q for compliance with GAAP, including disclosure checklists. Review drafts of the quarterly press release, Forms 10‑K and 10‑Q, and other regulatory reporting and provide feedback as necessary to ensure that all such reporting appropriately reflects Truist's financial position and results of operations in compliance with GAAP and regulatory requirements.
• Collaborate with the Managing Director of Accounting Policy in establishing the Accounting Policy group’s processes, procedures and strategies. Support the Managing Director of Accounting Policy in reviewing the work of, and supporting and providing feedback to, the Directors of Technical Accounting and other Accounting Policy teammates.
• Represent Truist in various banking organizations via active participation in periodic meetings and committees. Use industry contacts to assess accounting standard and regulatory reporting implementation efforts. Participate in peer‑bank accounting policy forums and…