Managing Director, Accounting - Corporate Functions

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Regular or Temporary:

Regular

Language Fluency:
English (Required)

Work Shift:

1st shift (United States of America)

Please review the following job description:

The Managing Director, Accounting - Corporate Functions will complement the Wholesale, Consumer, Deposits and Payments, Treasury, and Technology, Data, and Operations controllers to lead controllership duties for Corporate Functions, comprising Corporate Treasury accounting (including investments, derivatives, and hedge accounting) and accounting for functions including banked owned / bank leased corporate assets, prepaid assets, and intangible assets. This controller will demonstrate a comprehensive understanding of accounting principles for these topics and will master operational processes such that transactions are recorded completely, accurately, and timely.

S/he will effectively collaborate, communicate, and provide expert advice to various constituencies, including his or her counterpart in the CFO organization, businesses, peer controllers, internal and external reporting teams, and risk and governance functions, among others.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.

1. Effectively collaborate, communicate and provide expert advice on a broad range of highly complex accounting and financial reporting issues to various constituencies on a concurrent basis, including the Board of Directors, Executive Leadership, the BU CFO organization, other members of the Senior Leadership Team, external auditors, and regulatory agencies. Proactively provide counsel to these constituencies to communicate the expected and actual impact of accounting standards and/or accounting transactions.

Facilitate decision making by BU and Functional leaders through a thorough understanding of assigned businesses and functions and effective communication of accounting implications of strategic plans and decisions. Develop conceptual frameworks to assist senior leaders in understanding the accounting and reporting requirements specific to new and highly complex accounting pronouncements. Serve on LOB or Functional special teams as requested and provide accounting support and analysis for new business or product initiatives, including acquisitions, strategic investments, and divestitures.

2. Provide leadership, talent development, mentoring and training for the BU and Functional Controllers to improve their own technical and accounting expertise, review and approve work of all assigned BU and Functional Controllers. Foster a team environment that promotes diversity and inclusion broadly across the organization.

3. Oversee all accounting responsibilities for the supported BUs and/or functional units. Responsibilities include management of the monthly financial statement close, ensuring timely and accurate posting of all journal entries and accounting adjustments, including those related to complex transactions, and ensuring required account reconciliations are completed on a timely basis. Ensure intercompany transactions are properly identified for consolidation and affiliate transaction evaluation and monitoring purposes.

Analyze preliminary financial results in connection with the close process in order to identify significant or unusual activity that may require adjustment or disclosure in connection with Truist's internal or external financial reporting. Oversee preparation of monthly and quarterly…