Truist · 3 weeks ago
Accounting Policy Director
Charlotte, NC
Full-time
Onsite
Director/Executive
15+ years expTruist Bank is seeking an Accounting Policy Director who will serve as a senior-level officer and leading technical accounting subject matter expert. This role involves overseeing the implementation of accounting policies and practices, providing expert advice on complex financial reporting issues, and ensuring compliance with GAAP and regulatory requirements.
BankingFinanceFinancial Services
Responsibilities
Serve as an effective business partner and expert advisor in collaborating across the organization in achieving financial reporting that (i) complies with GAAP, (ii) is transparent, (iii) is representationally faithful to the business objective and economics of the underlying transaction or activity and (iv) is produced in a well-controlled, practical and operationally sustainable manner
Research appropriate accounting treatment and provide expert advice for complex transactions or financial matters for Truist Financial Corporation and its subsidiaries to ensure compliance with GAAP, regulatory reporting and affiliate transaction requirements. Such complex issues include but are not limited to acquisitions, divestitures, credit losses, hedge accounting, transfers and variable interests
Support the controlled accounting and reporting for highly complex transactions. Responsibilities include accurate financial reporting and adequate internal controls, preventing or detecting financial reporting fraud and ensuring that Truist complies with applicable accounting policies and standards
Closely monitor the standard setting process of the Financial Accounting Standards Board ("FASB,") and United States Securities and Exchange Commission ("SEC"), as well as the Federal Deposit Insurance Corporation ("FDIC") and the Federal Reserve Board ("FRB") as applicable to bank accounting and reporting, to ensure that all relevant proposed changes to GAAP and other reporting requirements are understood and the impacts communicated to senior and executive leaders timely
Oversee the implementation of new accounting or external reporting requirements, which includes development of accounting and regulatory reporting policies and standards, design of operational processes necessary to ensure full compliance with any new requirements, and the development of the related internal control framework related to these new processes
Prepare and/or revise, or oversee the preparation and/or revision, of accounting policies and procedures to effectively manage the risk of GAAP non-compliance by reflecting new accounting pronouncements or guidance, improving clarity or responding to changing circumstances
Proactively provide counsel to Executive officers, senior leaders and financial management on complex accounting and external reporting issues. Develop conceptual frameworks to assist senior leaders in understanding the accounting and reporting requirements. Provide accounting guidance in response to inquiries from auditors, regulators and others regarding specific transactions, issues and other matters
Ensure the design and implementation of adequate processes and controls to comply with relevant GAAP such as to prevent deficiencies in internal control over financial reporting. Support the Risk Management Organization through the effective identification, measurement, communication and mitigation of GAAP risk in adherence with requirements
Oversee the preparation and review of relevant sections of the SEC Forms 10-K and 10-Q for compliance with GAAP, including disclosure checklists. Review drafts of the quarterly press release, Forms 10-K and 10-Q, and other regulatory reporting and provide feedback as necessary to ensure that all such reporting appropriately reflects Truist's financial position and results of operations in compliance with GAAP and regulatory requirements. Respond to relevant comments in annual SEC comment letters, as applicable
Collaborate with the Managing Director of Accounting Policy in establishing the Accounting Policy group’s processes, procedures and strategies. Support the Managing Director of Accounting Policy in reviewing the work of, and supporting and providing feedback to, the Directors of Technical Accounting and other Accounting Policy teammates
Represent Truist in various banking organizations via active participation in periodic meetings and committees. Use industry contacts to assess accounting standard and regulatory reporting implementation efforts. Participate in peer-bank accounting policy forums and industry professional organizations to discuss and influence significant accounting policy issues for the banking industry. Comment on proposed new accounting standards and regulatory reporting rulemaking, as applicable
Qualification
Required
Bachelor's degree in Accounting, Finance or equivalent education and related training
Certified Public Accountant (CPA) designation; strong technical accounting knowledge
Fifteen years of relevant accounting or accounting policy experience; twelve years of leadership and supervisory experience
Intelligent, strong and decisive leadership within an organization because of high integrity, intellectual clarity, and a passion for excellence; strong leadership abilities including proactive thinking and teamwork to drive the best business decisions
Strong personal and professional ethics with impeccable integrity
High energy level and strong work ethic to meet the demands of a fast paced, goal driven environment; results orientation, which includes meeting commitments, performance metrics, and targeted and required delivery dates
Self-motivated with the ability to work without supervision; ability to work under difficult time constraints and manage multiple resources, priorities and projects
Strong team orientation: eagerness to pitch in and help larger teams meet goals and responsibilities
Excellent technical and research skills; excellent communication and presentation skills; excellent critical and conceptual thinking, problem solving ability and analytical skills; excellent interpersonal skills across internal and external organizational levels
Demonstrated proficiency in computer applications, such as Microsoft Office software products, with an emphasis on spreadsheet, word processing and database software
Preferred
Master's or advanced degree in Business or Accountancy
Prior experience working for a large, SEC-registered financial institution or senior manager-level public accountant with extensive bank experience
Benefits
Medical
Dental
Vision
Life insurance
Disability
Accidental death and dismemberment
Tax-preferred savings accounts
401k plan
10 days of vacation
10 sick days
Paid holidays
Defined benefit pension plan
Restricted stock units
Deferred compensation plan
Company
Truist
Truist is the sixth-largest commercial bank in the U.S.
10001+ employees
H1B Sponsorship
Truist has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (313)
2024 (247)
2023 (288)
2022 (275)
2021 (278)
2020 (270)
Funding
Current Stage
Late StageTotal Funding
unknown2021-01-01Seed
Leadership Team
Michael Maguire
Chief Financial Officer
James Cordovana
SVP of Cloud Security Enterprise Architect
Recent News
Maryland Daily Record
2026-01-03
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