Sr Accountant/Financial Analyst

$65,800 - $78,000 yearly
  • The Resume Review - Recruiting Department
  • Detroit, MI, USA
  • May 25, 2021
Full time Accounting Finance

Job Description

Job description

Primary Duties and Responsibilities:
Prepares in-depth financial analyses and research to support and facilitate timely management decisions and/or financial reports or statements.   Analyzes and evaluates financial implications of business decisions or transactions on financial results.   Researches, evaluates and interprets financial data using advanced and emerging financial techniques and tools.  Develops and manipulates complex financial models for support and analysis of business initiatives.  Works with departments to ensure an understanding of financial consequences resulting from various actions. Provides support for internal and external auditors by preparing complex analytical schedules, responding to inquiries, researching issues and implementing recommended changes.  Develops, designs, tests and documents system changes or upgrades.  Represents finance on corporate teams and initiatives.

Responsible for preparing all external bank regulatory reports.  Provides oversight to accounting system set-up and maintenance that interfaces with the general ledger and supports compliance and audit related tasks (regulatory exams, Holding company exams, internal audit requests, etc.).  Prepares secondary mortgage pricing and loan loss reserve information and develops new accounts or departments based on products offered or new locations.   Prepares business plans and performs business analytics to develop recommendations for management review.

Preferred Qualifications:
  • Experience in using automated accounting systems
  • Financial reporting (e.g. financial statement preparation, review and analysis)
  • Applying Generally Accepted Accounting Principles (GAAP) and/or Insurance Statutory Accounting Principles
  • Preparing complex journal entries
  • Preparing complex account analysis and general ledger reconciliations
  • Certified Public Accountant and/or Master’s Degree in Business, Finance or Accounting
  • Experience in loss reserve development projections
  • Experience in economic regression analysis of variables that drive financial results/support project recommendations
  • Experience in developing/implementing business simulation/models

  • Loan loss reserves (includes other loans)
  • Secondary mortgage pricing
  • Net interest margin calculations
  • Reserve interface process set up
  • Supporting Holding company exam

Work Environment:
Works in a temperature controlled office environment 

Required Qualifications:

Bachelor's degree in Business, Finance, Accounting, Mathematics, Statistics or related field.

  • Experience as a Financial Analyst/Accountant or similar position
  • Preparing and developing financial reports
  • Using automated accounting and/or management reporting systems
  • Preparing, analyzing and interpreting in-depth analyses of financial and or statistical data
  • Model development and manipulation using Microsoft Office products
  • Overseeing and guiding assigned individual deliverables to successful completion

Knowledge and Skills:
  • Communicate effectively with others both orally and in writing
  • Analyze complex financial data
  • Demonstrate decision making and problem solving
  • Derive actionable conclusions from analyzing data and information
  • Participate on project teams
  • Work independently
  • Multi-task
  • Work irregular or extended hours as required

  • In a Banking environment
  • Independently preparing all external reports including but not limited to quarterly Call reports
  • Supporting compliance related tasks and regulatory exams
  • Researching income and expense variances
  • Accounting system set-up and maintenance including interfaces with general ledger
  • Data collection, analysis and development of business forecast and budget
  • Analysis of business segments within corporate environment
  • Developing cost/benefit alternatives as part of a business case analyses
  • Prepare an in-depth analysis of statistical and financial data compared with peers, industry, corporate targets and history
  • Developing and implementing finance/business projects including cost justification, proposals and risk assessment
  • Application of various financial techniques to produce reports facilitating management decision making

      Knowledge of:
  • PeopleSoft applications