Financial Reporting Analyst Senior

Miramar, FL

Credit Intermediation and Related Activities

About the position

This position supports the process of: (i) compliance with periodic financial reporting requirements of Federal banking regulators (Federal Reserve, OCC, FDIC) and other bank regulatory authorities as needed, (ii) compliance with periodic public company financial reporting requirements of the Securities and Exchange Commission (SEC) and preparation of consolidated and stand-alone financial statements in accordance with USGAAP; (iii) review of periodic financial statement consolidations, preparation and analyses of periodic financial reports for use of senior management and others charged with governance, and (iv) compliance with Company's policies and procedures regarding Internal Controls over Financial Reporting (ICFR) based on criteria established in Internal Control - Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). This position also supports team members as expert in matters requiring specialized regulatory banking and non-banking technical accounting and reporting expertise, and on the fulfillment of periodic requests from internal and external auditors and other stakeholders.

Responsibilities

• Supports the preparation and review of monthly consolidated financial statements for all entities, including Bank Holding Companies, non-banking holding companies, the Bank and subsidiaries.
• Compilation of financial and relevant nonfinancial data from various departments.
• Maintenance of general ledger source worksheets and tax accounts worksheets during month-end closing procedures.
• Journal entries for consolidation purposes, including tax entries and equity method.
• Review and research of periodic accounting variances.
• Provide detail information to external tax consultants as required.
• Compilation and review of monthly reporting packages including the financial position, results of operations, capital ratios and other applicable requirements.
• Assist in ensuring compliance with the department's established internal control procedures.
• Supports the preparation of periodic financial statements and management and discussion and analysis for inclusion in the Company's filing with the Securities and Exchange Commission (SEC) and other statutory reporting uses.
• Compilation of consolidated financial statements in accordance with SEC disclosure requirements.
• Compilation of relevant financial and non-financial data necessary for developing and keeping current the Company Management Discussion & Analyses (MD&A).
• Draft explanations of key financial ratios, changes in financial position, results of operation, and all other relevant discussions for inclusion in the Company's MD&A.
• Coordination and preparation of all SEC filings.
• Compilation of statutory stand-alone and consolidated financial statements under GAAP.
• Back up support for activities related to the investor relations function, including serving as liaison in matters pertaining to SEC reporting and investor relations.
• Ensures schedules prepared for inclusion in the company's financial and non-financial disclosures and analyses are mathematically correct and agree to underlying books and records.
• Maintaining operating effectiveness of control activities under the Company's ICFR process.
• Supports the preparation of periodic regulatory reports (FFIEC 031, FRY-9C, FRY-9LP, FRY-6 among others) for compliance with Office of the Controller of the Currency, the Federal Reserve Bank of Atlanta and New York, the Federal Deposit Insurance Corporation and offshore regulatory financial reporting requirements.
• Develop a thorough understanding of the instructions applicable to each required report.
• Researching new or updates to the various instructions available for the preparation of reports.
• Leverage of monthly account variance analyses for timely and accurate compliance with regulatory reporting instructions.
• Compilation and analysis of relevant financial and nonfinancial data from various departments.
• Transfer data into regulatory reporting software applications supporting the process.
• Automation of regulatory reports data extraction, daily data extraction.
• Analyze and solve issues pertaining to data transfers and macros within excel worksheets.
• Collaborate with other departments, to ensure a smooth monthly report generation.
• Assist in ensuring compliance with the department's established internal control procedures.
• Supports the research and analysis of the potential implications of new and/or revised existing pronouncements to new and existing products and services.
• Drafting technical accounting memoranda supporting analysis of the implications of the pronouncement in accordance with reporting requirements.
• Maintenance and ongoing compliance with the Company's global accounting policies (US GAAP, IFRS, Other basis of accounting).
• Supports the process of assisting with internal and external auditor requirements, preparation certain tax reporting forms, participate in special projects within the department, and Ad Hoc reporting.
• Keeping updated the area's procedures manuals.
• Compile the necessary data and supporting to comply with periodic internal and external audit requests.
• Assist in monitoring and maintenance of the Financial Reporting Datamart.
• Assist in the development of automated reports to limit excel dependencies.
• Serve as liaison with Information Systems Department, Project Management Office, and other entities of Amerant for matters pertaining to the operating subsidiaries.
• Redesigning of reports generated by the department (Regulatory, Daily, and Monthly) to constantly improve operating efficiencies.
• Documentation of existing excel reports, macros and any other available resources used in executing the role.
• Participate in special projects and ADHOC reports as requested.

Requirements

• Minimum of a bachelor's degree or equivalent in accounting, finance or related field is required.
• A masters in accounting is highly desirable.
• Must be eligible, in the process of becoming eligible, to sit for the CPA exams.
• CPA highly desirable.
• Minimum of five years of experience in corporate and public accounting, including experience in banking regulatory financial reporting and analysis is highly desired.
• Previous experience with MS Office is required.
• Familiarity with regulatory banking applications highly desirable.
• Must possess excellent technical research, analytical, oral and written communication skills.

Nice-to-haves

• Peoplesoft, Wdesk, Axiom and ImageCentre proficiency not required but desirable.