Accounting Manager (Policy Interpretation)

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed.  We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

Job Description

Responsible for providing appropriate technical accounting interpretation on the application of generally accepted accounting practices to finance/accounting personnel and senior/executive management in both corporate areas and lines of business. Responsible also for providing similar services to certain Corporate Support functions and/or directly to senior/executive management on various areas of accounting, including Corporate Credit Administration, Corporate External Reporting, Corporate Accounting and Tax, Business Line Planning and Reporting, etc. Acts as a business partner with these groups to create, maintain and ensure implementation of appropriate accounting policies and best practices, evaluate proposed transactions for accounting implications, analyze potential impacts of proposed accounting standards, and plan/implement adoption of new accounting standards.

Primary Responsibilities

• Assess the impact of new accounting standards on the Company and responsible for leading the implementation across affected business units.

• Provide day-to-day guidance on accounting for new, unusual, significant and/or complex transactions or products. Ensure business units have clear understanding of accounting application; and potential impacts and operational processes are considered in the implementation of accounting practices.

• Directly involved in critical decision-making activities that drive or enhance business performance and/or the related impact to financial results.

• Keep current and prepare summaries of industry accounting issues and literature to ensure company compliance and appropriate interpretation and application.

• Prepare written summaries supporting accounting positions taken on significant or complex transactions. Assist with drafting comment letters to the FASB on proposed accounting standards.

• This position may engage staff from other areas to assist on projects on an as needed basis and must be effective in managing and motivating staff that do not report directly to him/her.

Qualifications

• Bachelor’s degree in accounting or finance, or equivalent work experience

• 8 or more years of relevant financial accounting experience

Preferred Skills/ Experience

• CPA preferred (active or inactive)

• Advanced knowledge of financial concepts and methodologies

• Considerable knowledge of accounting theory practice, regulatory requirements and reporting

• Demonstrated ability to apply critical thinking, problem solving, and decision-making skills

• Strong and effective verbal and written communication skills

• Effective project planning and management skills

The role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

Benefits: 

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:

• Healthcare (medical, dental, vision)

• Basic term and optional term life insurance

• Short-term and long-term disability

• Pregnancy disability and parental leave

• 401(k) and employer-funded retirement plan

• Paid vacation (from two to five weeks depending on salary grade and tenure)

• Up to 11 paid holiday opportunities

• Adoption assistance

• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Review our full benefits available by employment status here.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $126,820.00 - $149,200.00

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.