Capital One - Richmond, VA
posted 3 months ago
Capital One is seeking a highly motivated professional to join the Controllers Accounting Department as a Manager supporting the Credit Accounting function. This role leads our internal and external reporting and analysis of loans considered Financial Difficulty Modifications (FDMs), the rewards liability, and the legal reserve. The successful candidate will work closely with our lines of business and external reporting partners to deliver timely and accurate quarterly reporting of FDMs. Additionally, this role will oversee the daily rewards accounting work, collaborating with our finance and tech partners to assess the impact of business initiatives on accounting processes and ensure appropriate analysis of the rewards liability estimate on a quarterly basis. As an Accounting Manager, you will leverage your Accounting and Financial Analysis expertise and apply your strategic and analytical skills to address major Controllers challenges. You will operate in a collaborative environment that values your insights, encourages you to take on new responsibilities, promotes continuous learning, and rewards innovation. Proactive communication with our partners and leadership is essential, as is the ability to shape priorities by analyzing data, gathering metrics, identifying pain points, and rationalizing business processes. Key responsibilities include managing the FDM disclosure process to ensure timely and accurate external SEC and Regulatory reporting, including analysis of activity, delinquency, and subsequent default data. You will evaluate new FDM programs for appropriate classification in accordance with ASU 2022-02 and serve as a subject matter expert over FDMs and Rewards Accounting. Communicating rewards liability results to stakeholders on a quarterly basis, reviewing journal entries and monthly account reconciliations, and setting the team agenda to lead projects are also critical components of this role. You will manage your team to elevate associate performance, create a positive environment, and build and maintain a high-performing team. Building and leveraging relationships with business partners, including card accounting, SOX, tech, and finance, to understand their processes and results is essential. Furthermore, you will leverage new and existing technologies to enhance reporting and analytics, supporting compliance activities for management, internal audit, and external audit groups by providing documentation and addressing queries.