Director of Accounting

Location
New Orleans, Louisiana
Salary
Very competitive base salary, MIP & LTIP Bonus opportunity, Benefits
Posted
Aug 23, 2024
Closes
Oct 22, 2024
Specialty
Accounting
Type
Full Time
Level
Senior
Education Level
4 Year Degree

Assists the Director of Corporate Accounting in establishing appropriate accounting and reporting policies to ensure compliance with GAAP and regulatory requirements and in quality assurance for SEC and regulatory reporting as well as calculating the Allowance for Credit Losses (ACL).  Assists the Director, Corporate Accounting in establishing appropriate ACL controls, policies and procedures. Provides periodic financial reports to Management, Board of Directors, Shareholders, Analysts, SEC and Regulators as well as calculating the Allowance for Credit Losses (ACL). The incumbent either performs the duties listed below personally or through subordinate supervisors.

 

ESSENTIAL DUTIES & RESPONSIBILITIES:

  • Monitors, researches and assesses the impact of new accounting and regulatory pronouncements on the Company and assists in their implementation as required.
  • Establishes and maintains organization-wide accounting policies
  • Provides the organization with technical analysis and expertise with regards to GAAP and SEC reporting requirements including research on the accounting impact of new activities
  • Provide quality reviews of SEC, regulatory and loss share claims reporting as requested to ensure compliance with applicable GAAP, SEC requirements, regulatory guidelines, professional standards and organizational policies
  • Oversees the Company’s accounting for credit loss accounting process.  In this capacity will provide recommendations to executive management for provision and reserve levels as needed.
  • Collaborates with partners in Credit and other areas of the Company to calculate the ACL and ensures compliance with regulatory and accounting guidance and an effective internal control process is maintained
  • Maintains current knowledge of applicable banking regulations, professional standards, and organizational policies
  • Manages accounting-related projects as requested and represents Accounting for planning of Company-wide projects
  • Provides NMTC accounting support as necessary
  • Develops strong working relationships with business unit managers throughout the Company
  • Interfaces with internal and external auditors and regulators
  • All other duties/special projects as assigned

 

SUPERVISORY RESPONSIBILITIES:

Responsible for the overall direction, coordination and evaluation of a team of associates, carries out supervisory responsibilities in accordance with the organization's policies and applicable laws; Responsibilities include interviewing, hiring, and training associates; planning, assigning, and directing work; appraising performance; rewarding associates and enforcing policy and procedure; addressing complaints and resolving problems.

 

 

MINIMUM REQUIRED EDUCATION, EXPERIENCE & KNOWLEDGE:

  • Bachelor’s degree, preferably in Business, Finance, or Accounting; Master’s degree preferred; or equivalent combination of working experience and/or training.
  • 10 years of Public Accounting and/or Banking experience.
  • CPA certification is required.
  • Advanced level of understanding of financial statements, financial analysis, and business strategies.
  • Advanced understanding of the banking industry.
  • Advanced knowledge of GAAP, SEC reporting requirements, and banking regulations.

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