Financial Reporting Associate Job Description

Financial Reporting Associate Job Description

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Financial reporting associate provides the global financial organization with US GAAP technical accounting expertise to identify and/or resolve accounting issues.

Financial Reporting Associate Duties & Responsibilities

To write an effective financial reporting associate job description, begin by listing detailed duties, responsibilities and expectations. We have included financial reporting associate job description templates that you can modify and use.

Sample responsibilities for this position include:

Work efficiently under the guidance of the Team Leader and other senior members of the financial reporting team to timely deliver the Hedge Fund clients of MSFS which will comply with US GAAP/ UK GAAP/ IFRS, for both annual audits, and interim reports
Perform technical accounting research related to accounting pronouncements (GAAP, FASB, etc).and SEC reporting requirements
Stay current with US GAAP and SEC accounting and reporting
Assist in managing the financial statement reporting process by coordinating efforts of clients, fund accounting, legal, auditors and fund administration personnel
Assist in leading in the audit coordination of the clients' annual reporting process
Provide client and auditors with appropriate supporting documentation for annual statements
Review all required SEC and Regulatory filings before submission
Assist in leading audit update calls
Manage all other financial reporting responsibilities
Assist in training of staff on financial reporting roles and responsibilities

Financial Reporting Associate Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Financial Reporting Associate

List any licenses or certifications required by the position: CPA, CFA, IFRS, MBA, ICWA, CA, CAMS, KYC, CIA, CEO

Education for Financial Reporting Associate

Typically a job would require a certain level of education.

Employers hiring for the financial reporting associate job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Accounting, Finance, Business, Economics, MBA, Graduate, Business/Administration, Accountancy, Education, Economics/Finance

Skills for Financial Reporting Associate

Desired skills for financial reporting associate include:

Business processes and procedures service and systems
SEC and IRS regulations and rules and GAAP Accounting standards
Preparation of financial statements is an asset
Financial instruments and their accounting treatment
Stock market practices & data vendor systems
GAAP
GAAP and STAT accounting principles
Funds and audit function
Software packages
GAAP Accounting standards and International Financial Reporting Standards

Desired experience for financial reporting associate includes:

Experience in a reporting production or operations environment preferred
Experience with Basel regulatory capital rules and Pillar 3 preferred
Experience working on large initiatives across multiple functional groups
Proficiency in VBA a plus
Knowledge of Securitization specific products strongly preferred
Oversee the preparation of and review the PwC Financial Statement Disclosures checklist (FSDCL) and the FSDCL Update checklist for completeness and accuracy regarding disclosures

Financial Reporting Associate Examples

1

Financial Reporting Associate Job Description

Job Description Example
Our growing company is searching for experienced candidates for the position of financial reporting associate. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for financial reporting associate
  • Review the accounting of a number of LLC’s that consolidate within the Funds
  • Review the consolidation of the Funds
  • Assistance in the compilation of quarterly and year-end footnotes and related support and documentation for SEC filings Assist in the preparation of K-1 filings for the investors of the Funds
  • Review the ERISA documentation and support
  • Review the accounting, documentation and compliance of the equity raise for new funds
  • Research, assess and document the accounting of transactions of the Funds
  • Review impairment/credit loss analyses
  • Perform additional ad hoc projects
  • Collaborate with Law, Business Units
  • Responsible for reviewing and processing consultant invoices for services related to Resolution and Recovery Planning
Qualifications for financial reporting associate
  • Review FASB, ACIPA and SEC websites for applicable technical updates
  • Update JPMC’s Plain English Disclosures checklists
  • Advise on accounting and reporting issues
  • Certified Public Accountant (i.e., CPA)
  • Strong technical accounting, SEC and reporting background, with a minimum of 3-5 years of financial services experience
  • Public accounting and/or private industry experience with various accounting issues including consolidation accounting, revenue recognition, business combinations, impairments
2

Financial Reporting Associate Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of financial reporting associate. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for financial reporting associate
  • Business continuity Plan (BCP) – Maintain the BCP narrative for IFR and coordinate with IT Services the testing of disaster recovery procedures for the switch over of all financial application in support of the departments overall disaster recovery strategy
  • Perform accounting analysis and due diligence to support changes in legal entity structures, other activities and transactions
  • Liaise with Technical Accounting, business units and other Finance functions, as appropriate
  • Assess accounting implications and ensure proper documentation of analysis performed and proper reporting in the firm’s books and records
  • Collaborate with Technical Accounting Group to evaluate and document consolidation analysis and conclusion of legal entities
  • Assist in preparing responses to address regulatory and audit queries
  • Support quarterly/annual audits by Internal Auditors, , Independent
  • Sign off tax distributions and tax returns for unit trust clients
  • Sign off Audit packs, TBs and financial statements for unit trusts clients
  • Sign off BASs calculations, MERs, ABS reporting as and when available
Qualifications for financial reporting associate
  • Accounting experience with SEC filings
  • Ability to identify, escalate
  • Have strong IT skills, including Excel, and the ability to learn new IT systems and processes
  • Have a strong attention to detail and a broad understanding of the Bank's main operations and functions
  • Have excellent workload management skills with a core focus on delivery
  • Be flexible and adaptable in order to ensure tasks are prioritised effectively and delivered on time
3

Financial Reporting Associate Job Description

Job Description Example
Our growing company is looking for a financial reporting associate. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for financial reporting associate
  • Sign off AASB7 reporting
  • Facilitate communication with clients over their accounting/tax reporting requirements and accounting/tax related queries
  • Act as a subject matter expert for accounting related queries
  • Represent Financial reporting team on specific projects relating to clients, process improvements, and product development
  • Review of cash and holding reconciliations and posting necessary adjusting journal entries to funds the understanding of the reconciliation issues and how to resolve them
  • Financial management support to the Europe and Latin American region including business drivers, controllership and financial planning & analysis functions
  • Review and sign-off of tax distributions, tax returns, audit packs, TBs and financial statements for unit trusts clients
  • Review and sign-off of BASs calculations, MERs, ABS reporting
  • Acting as a subject matter expert for accounting related queries and assisting clients with their accounting/tax reporting requirements and queries
  • Training, coaching and guiding team members
Qualifications for financial reporting associate
  • 10-15 years of public and/or private accounting experience required
  • Sound working knowledge of consolidation accounting, financial reporting and accounting principles is required
  • Extensive experience working with consolidation and/or general ledger financial applications/systems
  • Strong financial background and understanding of financial close and reporting processes
  • Project management experience with demonstrated “leadership” characteristics
  • Effective writing skills and proven ability to deliver senior management correspondence
4

Financial Reporting Associate Job Description

Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of financial reporting associate. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for financial reporting associate
  • Representing the financial reporting team on specific projects relating to clients, process improvements, and product development
  • Reviewing work prepared by the company's Accounting staff
  • Training, developing and managing staff located in NYC area, London and or India
  • Growing the financial reporting business within the company's Financial Services
  • Integrating accounting regulations into the the company's client financial statement production process
  • Preparation of periodic Luxembourg Regulatory Reporting
  • Preparation of Annual and Interim Financial Statements for Funds
  • Preparation of annual tax reporting data due to tax agents
  • Auditor & Client liaison
  • Preparation of periodic Luxembourg Regulatory Reporting for the Investment Funds under administration
Qualifications for financial reporting associate
  • Have a strong technical accounting understanding of the accounting treatment of the portfolio of products in the Bank
  • Self-starter, progressive thinker, strong analytical, organizational and time management skills
  • The ideal
  • A tertiary qualification in Accounting or a related discipline
  • At least 6 years experience in financial accounting/tax within financial and/or professional services
  • Solid experience in statutory reporting and applications of accounting standards in accordance with AASB &IFRS and tax reporting specifically in income tax returns and trust distribution calculations
5

Financial Reporting Associate Job Description

Job Description Example
Our growing company is hiring for a financial reporting associate. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for financial reporting associate
  • Assisting on Annual Tax Reporting for Investment Funds
  • Delivering high quality service to clients by accurate, timely completion of all assigned tasks and requests for information
  • Liaison with the Regulator and external auditors and dealing with any queries
  • Assisting other colleagues
  • Preparation of certain areas of the firm’s budget and reforecasts
  • Coordination and heavy interaction with the CAO and CFO teams from every division and region, with other groups in Controllers
  • Review of content in senior executive presentations for quantitative and qualitative accuracy
  • Assist in the coordination with Investor Relations, Firmwide Strategy, the CAO office and other groups within Finance on the review of presentations to be given by senior management both internally (e.g., to the Board of Directors) and externally (e.g., other financial institution conferences)
  • Contribution to process review and enhancement
  • User acceptance testing for Financial accounting projects
Qualifications for financial reporting associate
  • Experience in a CA or CPA firm would be highly regarded
  • Bachelor's degree in Finance, Accounting, or other relevant areas of study with a May - June 2016 graduation date preferred
  • Review Line of Business submissions to ensure completeness and accuracy the reasonableness of variance commentaries provided
  • Advanced knowledge in MS Office products (Access/Excel)
  • A degree in Accounting or a related discipline
  • CPA / CFA qualified or currently completing

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