Accountant

Title: Technical Accountant
Location: San Francisco, CA (Hybrid)
Type: 6 Month Contract
Interview: WebEx/Video

Job Description:

• Perform accounting support activities related to designated hedge accounting processes, including preparation of supporting schedules, account reconciliations, journal entry support, and documentation of accounting workflows, as assigned during periods of resource coverage.
• Validate MPF loan commitments, funding activity, principal and interest remittances, credit enhancement fees, and related accounting transactions by comparing source system reports to accounting records and investigating identified discrepancies.
• Prepare and post journal entries for income, expenses, premium and discount amortization/accretion, fair value adjustments, hedge accounting, nonperforming loans, loan loss reserves, charge-offs, and REO accounting.
• Execute monthly FAS 91/FAS 149 processing and support accounting for loans, MBS, and investment portfolios.
• Perform account reconciliations, period-over-period variance analyses, and investigation of accounting and reporting discrepancies, including documenting explanations for material fluctuations.
• Reconcile and certify general ledger accounts in Workday Financials and ensure the completeness and accuracy of accounting records.
• Execute assigned accounting procedures in accordance with documented internal controls and maintain supporting documentation required for management review and audit testing
• Perform hedge inception testing on all new trades, ensuring trades meet the requirement of Bank policies and ASC 815. Perform weekly hedge effectiveness testing and document any failures in accordance with Bank policies and procedures.

Requirements:

• Must haves: Account Reconciliations, Variance Analysis, Workday financials or similar software
• Nice to haves: Hedge Accounting, Loan Accounting
• Years of Experience: 3-5 years of relevant experience

Requirements:

• Technical accounting: ASC 815, hedge accounting, derivatives, hedge effectiveness, ASC 606, revenue recognition, ASC 805, business combinations, ASC 470/480, ASC 842, leases, VIE consolidation, SPV, JV, equity method, convertible instruments, embedded derivatives, stock-based compensation, CECL, ASU implementation
• Reporting and compliance: SEC reporting, 10-K, 10-Q, S-1, Regulation S-X, Regulation S-K, MD&A, non-GAAP, SEC comment letters, US GAAP, IFRS conversion, pro forma, restatement
• Audit and controls: PCAOB, integrated audit, SOX, internal controls, IT external audit management, Big 4
• Transactions: IPO readiness, SPAC, capital markets, M&A, divestiture, due diligence, purchase accounting
• Operations: Interim controller, month-end close, GL, flux analysis, cash flow, transfer pricing, treasury, FP&A, finance transformation
• Industries: Financial services, banking, insurance, fintech, SaaS
• Systems: NetSuite, SAP, Workiva, Salesforce, Coupa, Ramp, Carta, Alteryx, SQL, Tableau, FloQast, BlackLine, Claude, ChatGPT
• Credentials: CPA, Senior Manager, Technical Accounting Manager, SEC Reporting Manager, Accounting Policy