Senior Accountant

Details: ABOUT KEY: Cleveland-based KeyCorp is one of the nation's largest bank-based financial services companies, with assets of approximately $92.9 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally. The company's businesses deliver their products and services through branches and offices; a network of 1,335 ATMs; telephone banking centers; and a website, Key.com®, that provides account access and financial products 24 hours a day. ABOUT THE BUSINESS: KeyBank has administrative services in place that help support the business. These include: Finance, Human Resources, Legal, and Marketing. KeyBank’s Corporate Center supports strategic initiatives through multiple teams which provide distinctly different, yet interrelated, disciplines for the Corporate Bank Leadership team and its business groups. JOB DESCRIPTION TITLE Position Title: Senior Accountant Functional Title: Credit Accounting and Reporting Senior JOB BRIEF This position, which reports to the Director of Accounting Policy, ensures that financial credit reporting and the development of the allowance for loan and lease losses (ALLL) and the related supporting documentation are in accordance with generally accepted accounting principles (GAAP). Monitors and quantifites possible impact of proposed accounting guidance. ESSENTIAL JOB FUNCTIONS Communicates with the external auditors and examiners (if required) on new and existing credit-related accounting issues to ensure agreement by all parties Partners with the credit-related support areas to ensure that the documentation for the allowance for loan and lease losses (ALLL) is in accordance with GAAP Assists in the preparation of Key’s Forms 10-K and 10-Q for credit-related disclosures, and ensures that financial credit reporting is complete and accurate Collaborates and coordinates with credit-related support areas on relevant accounting pronouncements and ensures proper accounting treatment for transactions, as well as financial reporting, in compliance with GAAP Analyzes proposed FASB, SEC and regulatory credit-related accounting guidance and prepares a response, usually documented in a comment letter, that details Key’s views Assists the credit-related support areas in the implementation of new accounting standards to ensure compliance with the requirements Participates in various external groups to share common information and influence and educate accounting standard setters particularly regarding issues that impact Key Works with Financial Risk Governance and the Risk Review Group to ensure that adequate controls are in place to prevent gaps in internal controls over financial credit reporting Prepares documentation to support accounting research performed and conclusions reached Utilizes the Project System for tracking projects to ensure proper and timely documentation of work performed Suggests enhancements in department processes and procedures to increase efficiency and/or improve customer service MARGINAL OR PERIPHERAL FUNCTIONS Participates in special projects within Accounting Policy and SEC Reporting as necessary. REQUIRED QUALIFICATIONS Bachelor’s degree in Accounting Certified Public Accountant 3+ years of accounting-related experience Knowledge of accounting under generally accepted accounting principles, loan systems, and related controls and validation processes related to financial credit Ability to work collaboratively with clients in the lines of business and other support areas, external auditors, and other team members Strong oral and written communication skills PREFERRED QUALIFICATIONS Technical accounting knowledge and experience in the areas of financial credit reporting, troubled debt restructurings, credit impairment, and allowance for loan and lease losses Previous accounting research experience Work experience in the financial services industry COMPETENCIES/SKILLS Integrity and trust —exemplifies a high degree of honesty and maintains trustworthiness. Exercises principled judgment Ethics and values —adheres to the highest standards in these areas and exhibits the ability to maintain them in the face of adversity Functional/Technical skills —understanding of the accounting and research skills necessary to address the numerous accounting issues encountered throughout Key Customer focus —maintains an intense focus on clients and their service needs including proactively networking with individual clients in their assigned areas of responsibility Timely decision making —promptly responds to client issues where possible or works to address issues requiring others involvement with the result of timely action on the particular issue Action oriented —takes charge and independently pursues appropriate solutions to client issues Written communications —demonstrated ability to communicate necessary information in a written form as appropriate Interpersonal savvy —works productively with others particularly in situations where action from other individuals is necessary to achieve the desired results Presentation skills —possesses the skills to effectively present work results and other issues to superiors and peers Business acumen —understands the basic tenets of the financial services industry and has the ability to learn and understand the business issues of the various lines of business and other support areas within Key Dealing with ambiguity —works well with issues that rather than having one right answer involve identifying and interpreting appropriate accounting guidance particularly in situations where none may exist Directing others —demonstrates the ability to manage the work of others by providing appropriately challenging work assignments and on-the-job learning experiences while ensuring work is completed in the required timeframes EQUIPMENT USED Microsoft Office Suite Online research tools TRAINING REQUIRED In-house training curriculum as well as external training available as needed JOB LOCATION 100 Public Square, Cleveland, OH 44113 FLSA STATUS: Exempt KeyCorp is an Equal Opportunity and Affirmative Action Employer Min/Fem/Vet/Disabled
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