Director of Accounting - Loans, Investments and Derivatives

JOB SUMMARY

The Investment Accounting Senior Director is responsible for accurate accounting, valuation, financial reporting, and regulatory treatment of the company investment portfolio and derivative instruments. This role ensures compliance with U.S. GAAP (including ASC 320, 321, 815, 820, and 825), regulatory reporting requirements, and internal control standards, and serves as a key liaison with Treasury, FP&A, and External Auditors. Consistently gains the confidence and trust of others through honesty, integrity, and authenticity.

• Monitor and evaluate lending portfolios related to balances, yields and nuances related to accounting
• Partner with credit risk and lending leadership on performance of portfolio and aid in understanding of pricing, spreads, risk‑adjusted returns
• Analyze loan growth, spreads, funding costs
• Support stress testing, CECL modeling and capital planning exercises
• Account for and evaluate loan sale strategies as well as oversee the accounting related to mortgage banking including hedging activity and application of fair value measurements as necessary

• Oversee accounting and financial reporting for the investment portfolio, including Available-for-Sale (AFS) and Held-to-Maturity (HTM) securities, mutual funds, and other alternative investments, as applicable.
• Ensure proper application of accounting guidance including ASC 320, ASC 321, ASC 326, and ASC 820.
• Review and approve monthly investment accounting entries, reconciliations, and roll forwards.
• Partner with Treasury and FP&A to ensure accurate accounting and planning for purchases, sales, calls, maturities, transfers, and restructurings of securities, as applicable.

• Manage accounting and reporting for derivative instruments, including derivatives at the corporate and customer level.
• Ensure proper application of accounting guidance include ASC 815 through documentation of hedge designation, hedge effectiveness, recording month end activity and financial disclosure.
• Review derivative fair value calculations, journal entries, OCI impacts, and earnings recognition.
• Coordinate valuation inputs with third‑party pricing vendors and internal risk teams.
• Coordinate with front line and operations to ensure accurate reporting and settlement of customer‑related derivative activities.

• Prepare and review quarterly and annual financial statement disclosures related to:
• Loans Held for Investment, Loans Held for Sale, Mortgage Banking
• Investments and fair value measurements
• Derivatives, hedging activities, and accumulated other comprehensive income (AOCI)
• Support preparation of SEC, regulatory, or Call Report schedules related to investments and derivatives, if applicable.
• Assist in technical accounting analysis for new investment products, hedging strategies, and balance sheet optimization initiatives.
• Present analysis of material transactions to key stakeholders including senior leadership and provide relevant interpretation and recommendations as needed.

• Maintain an effective SOX controls environment over responsible areas.
• Function as primary point of contact for internal and external auditors for all investments and derivatives matters.
• Maintain accounting policies and procedures related to investments and derivatives, including updates for new accounting standards.

• Oversee financial systems, data quality, and data accessibility to ensure the accuracy and timeliness of financial reporting related to areas under direct control.
• Implement and monitor processes to manage and streamline activities.

• Work to continually enhance internal controls, maintain updated documentation of current departmental policies and procedures.
• Lead change initiatives, operational effectiveness reviews, and process improvements.
• Develop and implement changes to the accounting processes leveraging the Company’s technology‑based tools with a focus on enhancing efficiency and accuracy.
• Facilitate the resolution of issues and concerns that create barriers to a…