Financial Reporting Associate Job Description
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:
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:
Desired experience for financial reporting associate includes:
Financial Reporting Associate Examples
Financial Reporting Associate Job Description
- 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
- 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
Financial Reporting Associate Job Description
- 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
- 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
Financial Reporting Associate Job Description
- 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
- 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
Financial Reporting Associate Job Description
- 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
- 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
Financial Reporting Associate Job Description
- 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
- 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