Financial Controller II

Regular, full-time position. Fluency in English required. 1st shift (United States of America).

About the role

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

• 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.
• Create and review appropriate accounting schedules.
• Work closely with lease administration and transaction managers to remain aware of all transactional activity and provide appropriate consultation.
• 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.
• Prepare and review reporting and analyses of monthly results in support of the closing process (EOC and other monthly reporting).
• Serve as subject matter expert in the identification and querying of data necessary to prepare and provide value-added management reporting.
• Perform account-level variance analysis in support of the month-end close process, including identifying, analyzing, and interpreting variances and unusual trends in the GL activity.
• Prepare and review standard and enhanced reports, regular and ad hoc analytics, and interpretation of financial results.
• Assess accounting impacts of business changes.
• Oversee the internal control structure over processes specific to lease accounting that impact financial reporting; proactively partner with the LOB to ensure accuracy and integrity of processes impacting financial reporting.
• Prepare and review results to ensure consistency with GAAP, financial policies, and controls.
• Prepare and review reporting and analyses of monthly results for the closing process to identify and mitigate areas representing material financial risk.
• Provide support for LOB information enhancement initiatives.
• Prepare and review SEC and Regulatory disclosures and financial filings to ensure the SOX Control structure mitigates financial risk.
• Ensure adherence to relevant Financial Management requirements including policies, standards, procedures, internal controls, and record retention.
• Support the month-end close process, including analysis of GL activity and results, performance of SOX controls, and preparation of journal entries to record the results of business transactions to the GL.
• Work 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.
• Prepare, review, and oversee 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.
• Serve 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.
• Monitor compliance with Corporate accounting policies in the areas of lease accounting.
• Adhere to Truist accounting policies.

Requirements

• Bachelor’s degree in Accounting or equivalent education and related training.
• 2-3 years of relevant accounting or finance experience that includes complex financial analysis.
• Experience and business vision to provide leadership support to the Corporate Controller and Executive leadership.
• Sound and comprehensive understanding of business and organizational strategies and processes.
• Ability to build consensus through communication and presentation of factual and relevant information.
• Strong verbal and written communication skills to interpret and communicate financial analysis to business partners in a concise and useful manner.
• Strong analytical and problem-solving skills.
• Sound and logical decision-making abilities.
• Demonstrated leadership skills and ability to work well with others in a dynamic, team-oriented environment.
• Familiarity with GAAP, with specific knowledge of lease and property accounting.
• High proficiency in computer applications such as Microsoft Office Excel, PowerPoint, Word, Outlook, and other basic software products.
• Financial Modeling experience.

Preferred Qualifications

• CPA certification.
• Proficient in Essbase/Hyperion, EPM/BPC, or other enterprise accounting software.
• Proficient in CoStar Real Estate Manager.
• Experience with macros/VBA.

Benefits

All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position.

• Medical, dental, vision, life insurance, disability, accidental death and dismemberment.
• Tax-preferred savings accounts and a 401k plan.
• No less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during the first year of employment, along with 10 sick days (also prorated) and paid holidays.
• Depending on the position and division, eligibility for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan.