Associate Ii

**Sr Accountant**
The Senior Accountant ensures compliance with financial transaction recording standards (e.g., general ledger, cash payments/collections, tax transactions, etc.). With mínimal oversight, this job reconciles the company//'s accounts and records (balance sheet, P&L, bank accounts, etc.). The Senior Accountant works closely with business areas on the ledger processing, and leads the Accounting team in updating, maintaining, and documenting new accounting guidance that impacts the company.

**Key Responsibilities and Duties**
- Maintains records of organization//'s financial activity in accordance with GAAP, organizational standards, and in compliance with Section 404 of the Sarbanes-Oxley Act.
- Assists general ledger account owners with reconciliation of month end account balances and verification.
- Coordinates the work distribution and provides guidance for the more complex items for the accounting staff in the General Ledger Operations unit.
- Completes month-end, quarter-end, and year-end closing activities related to foreign exchange, cash management and tax, including preparing the appropriate audit work papers for such activities.
- Creates reports on financial performance for internal and external use.
- Supports junior accounting staff in the development of their professional skills.

**Educational Requirements**
- University (Degree) Preferred

**Work Experience**
- 3+ Years Required; 5+ Years Preferred

**Physical Requirements**
- Physical Requirements: Sedentary Work
- **Key Duties & Responsibilities**: List up to 5 key duties and responsibilities, management responsibilities and time spent (if applicable)
- Prepare various monthly, quarterly and annual regulatory reports, ensuring they are completed timely, accurately and in accordance with report instructions.
- Hands on experience in preparation of TIC B, SLT, SHCA, SHLA reports to Federal Reserve.
- Hands on experience in preparation of all BE reports including BE-125, 185, 577, 10/11 reports to Bureau of Economic Analysis
- Hands on experience in preparation of AIES, Economic Survey etc reports to Census Bureau
- Perform analytical procedures over regulatory reports including researching and resolving identified issues and documenting key drivers of variances.
- Maintain key business partner relationships to assist in collection of data and research of key variances in financial results.
- Maintain knowledge and familiarity with regulatory reporting requirements.
- Assist with responding to regulatory inquiries.
- Assist with special projects and determine ways to enhance efficiencies within our processes.
- Use technical skills and software skills to continuously improve reports used to develop analytical information.
- **Management/Leadership Responsibility**:Is management of people a primary focus of the role? If so, how many direct and indirect employees are managed? Do any of them manage a function or process?
- N/A - performs financial reporting, analysis, and compliance duties with limited supervision while working to support External Reporting management and the Corporate Controllers Department strategic visions and goals.
- **Budget Responsibility**:Does the position have responsibility for Revenue, Operating (expense) Budget, etc.? If so, what is the scope?
- N/A
- **Impact**:
**Nature of Impact -**To what degree does this job affect the business (i.e., through interactions with customers, making decisions, defining or setting strategy, etc.)?
- Provides input to mid-level management in the form of feedback on the nature and status of reporting with respect to our regulatory reporting stakeholders - Federal Reserve Bank, U.S. Treasury, Census Bureau.
- **Area of Impact -**What is the breadth of the impact that this job has, either positive or negative (i.e., affects own team, department, function, business unit, geography, entire business, etc.)?
- Corporate Controllers - at the Insurance Controllership level and the business unit level within the department. Responsible for financial statement analysis and compliance at the TIAA - Legal Entity Insurance Company level that will have high impact with outside regulators and external auditors.
- Inaccurate or untimely reporting may result in economic loss, fines, and regulatory investigations.
- **Problem Solving**: What is nature and complexity of the problems or decisions encountered? Are analytical skills needed?

Draws on expert experience using various software tools and analytical skills in understanding the business drivers that impact financial statement variances on a quarterly and monthly basis.

**Functional Knowledge**:What knowledge of concepts, process, principles or procedures is needed within discipline; SME?
- Has indepth knowledge of instructions for the reports filed to respect to each regulator
- Maintains current knowledge & familiarity with published Statutory accounting principles, practices and procedures and published GAAP principles, practice