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MUFG Union Bank Accounting Policy Manager, Director in New York, New York

Accounting Policy Manager, Director - 10042874-WD

Description

Do you want your voice heard and your actions to count?

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world (as ranked by S&P Global, April 2020). In the Americas, we’re 13,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, developing positive relationships built on integrity and respect. It’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. We’re a team that accepts responsibility for the future by asking the tough questions and owning the solutions. Join MUFG and be empowered to make your voice heard and your actions count.

Reporting to Accounting Policy, the Accounting Policy Manager interprets new and existing accounting guidance across business units. The Accounting Policy Manager is responsible for the following: Evaluate and document complex financial products and transactions, including securitizations, SPEs, derivatives, and acquisitions. Develop, implement, and maintain accounting policies to ensure compliance with U.S. GAAP and banking regulatory requirements. Assess the impact of new accounting rules on current policies and processes. Collaborate with senior management across business units to strategically enhance, revise and implement accounting policies.

Major Responsibilities:

  • 80% Provide proactive, expert consultation and technical support on events and transactions by identifying and addressing accounting policy and reporting issues and opportunities (e.g., mortgage banking, loan accounting, consolidation/variable interest entities, derivatives and hedging, general accounting matters).

  • Prepare U.S. GAAP technical accounting position papers on events and transactions (including due diligence efforts) and work with external auditors through the review process.

  • Establish and maintain collaborative relationships with Finance partners and internal stakeholder groups, including the Bank's parent company.

  • Provide on-going guidance to business unit controllers.

  • 7% Evaluate the impact of proposed and new accounting rules and advise business unit controllers on implementation.

  • Monitor emerging accounting standards during the exposure draft period, interpret impact to the Bank, and present implementation status to senior management.

  • 10% Help maintain the Corporate Accounting Policy Manual and provide expertise in recommending enhancements and additions to the Manual.

  • 3%Assist in representing the Bank externally on issues relating to accounting policy through participation in industry-wide associations and related organizational meetings.

Qualifications

  • Accounting degree required

  • CPA preferred

  • At least 10 years of experience, including public accounting, financial institutions, and accounting policy

  • Comprehensive and current understanding of U.S. GAAP, financial reporting principles and regulatory requirements

  • Excellent communication skills – both written and verbal

  • Excellent analytical, organizational and project management skills

  • Japanese bi-lingual skills also a plus but, not required. The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified. We are proud to be an Equal Opportunity / Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives, and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate in employment decisions on the basis of any protected category. A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it's the bank's policy to only inquire into a candidate's criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.

Job : Finance

Primary Location : NEW YORK-New York

Job Posting : Apr 27, 2021, 8:42:39 AM

Shift: : Day

Schedule: : Full Time

Req ID: 10042874-WD

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