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Senior Manager of Accounting Policy and SOX

Location : Bethesda, MD
Job Type : Direct
Hours : Full Time
Required Years of Experience : 7+
Required Education : Bachelor's Degree
Travel : No
Relocation : No

Job Description :
The Senior Manager of Accounting Policy and SOX is a newly created opportunity within an award winning and publicly traded banking institute and regional leader. This is an excellent opportunity for either manager level or senior management experienced candidates with relative industry exposure to the financial services or banking sectors to transition into a market leading company and will offer a compensation range from $125,000 to $160,000 plus bonus, benefits, and excellent career mobility. Due to Covid, the Senior Manager of Accounting Policy and SOX position will initially be remote however candidates must be able to work as needed at the company’s headquarters located in the Bethesda, MD area.   Ideal candidates should have public accounting experience with a focus in SOX controls, COSO control framework, and accounting policy research and implementation. Candidate whom meet the below experience and interest are encouraged to apply. 

 


Job Description



  • This role is responsible for accounting policy research and implementation as well as administering the SOX program, monitoring the control environment and ensuring controls are properly executed and auditable, process changes and the design of existing internal controls, as well as assisting with the implementation of new internal controls.

  • Administers the SOX program. Works directly with departments to ensure that controls are properly designed, operating effectively and accurately designated as key controls, if needed.

  • Identify, track and implement new accounting pronouncements.

  • Provides direction and oversight to all business segments in the implementation of new and execution of existing internal controls related to financial reporting activities in accordance with company requirements.

  • Actively participates and may coordinate activities in the organization-wide Management Controls Assessment (MCA), SOX, COSO internal control framework guidance, and support of Operational Risk reporting requirements.

  • Monitors and assesses the control environment for changes in risks, processes, guidance, and emerging trends/developments.

  • Research U.S. GAAP technical accounting and regulatory matters, preparing policy, procedure, and whitepapers as needed.

  • Assesses and maintains the Company’s Internal Controls over Financial Reporting (ICFR) framework with the requirements of the Sarbanes-Oxley Act (SOX 404). Oversees the implementation or revision of key financial controls when process changes or control gaps are identified.

  • Serve as a resource on accounting policy research matters and guide internal processes to comply with GAAP.

  • Identify, track and implement new accounting pronouncements.

  • Assist in the creation, testing, and management of technology solutions, using approved platforms and applications to support the information and communication needs of the SOX Program Team.

  • If needed, design and perform testing of identified SOX Key Controls requiring reviews during cycles not tested by Internal Audit or randomly.

  • Lead or assist in the external audit efficiency efforts by working with teams across the bank.

  • Coordinates the annual control readiness reviews and deficiency remediation plans with the appropriate Control Owners prior to testing.

  • Maintain a central data repository for Business Process and Control Owners to upload all supporting documentation required for walk-through testing, annual test of controls, and financial statement audit requests.


 


Job Requirements:


·         Bachelor’s Degree from an accredited four-year college or university in Accounting, Finance or related field


·         Certification including a CPA and/or CIA is required.



  • 7 plus years of relevant experience in either Public accounting or combination of public accounting and financial services industry experience

  • Big Four public accounting experience preferred

  • Finance, accounting or related experience with a focus on process design and improvement. Preference for experience supporting regulatory compliance, operational risk management, or financial reporting.



  • Strong knowledge of US GAAP, PCAOB Auditing Standards, Sarbanes-Oxley, risk and controls standards and business process best practices.


·         Working knowledge of internal control concepts including the COSO 2013 internal control framework preferred


 


Required Qualifications :
 
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