Vendor Accounting - Associate

Job Level: Associate

Job Function: Business Operations

Location:

Jersey City, NJ, US, 07311

Employment Type: Full Time

Requisition ID: 4471

SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.

In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization’s extensive global network. The Group’s operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.

The anticipated salary range for this role is between $80,000.00 and $106,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.

Role Description

This position is responsible for supporting the management reporting function of the FSPDAD-Accounting-Vendor Accounting by assisting with processing audit balance confirmations and fixed assets registration and reconciliation. This position is also responsible to help with coordination of head office reporting and ad-hoc project work for new processes and enhancements to existing processes through interacting and coordinating with internal departments within the Bank and its subsidiaries.

Responsibilities

Reporting to the Management Reporting Manger this position is responsible for preparation of audit balance confirmations.
The incumbent will be responsible for registration, preparation and finalizing large volumes of audit balance confirmations and responsible for coordinating with different departments to prepare complete and accurate responses.
This position will also be responsible for registration of all fixed asset and prepaid expense items, handling of all disposals and capitalization requests and working to substantiate balance sheet balances for related accounts.
The ideal candidate will work to help analyze and resolve discrepancies that arise and enhance internal controls.
Roles at this level have developed an understanding of core operational processes and can help prepare policy and procedure manuals.
Day-to-day actions are focused on administering defined procedures, analyses, and report preparation in accordance with prescribed IFRS and U.S. GAAP.

Qualifications and Skills

The position will require the incumbent to understand and perform duties timely and accurately.
Bachelors Degree in Accounting.
MS/MBA and CPA preferred but not required.
5 to 7 years of relevant accounting experience.
Detail oriented and able to multi-task. Strong analytical skills.
Good knowledge of financial reporting and general accounting practices (US GAAP, J-GAAP, IFRS).
Working knowledge of bank reconciliations.
Strong understanding of internal controls.
Experience with general ledger functions and month-end/year end closing processes.
Knowledge of Oracle Application and/or other accounting application.
Proficient Excel skills (Vlookup, Pivot Tables, etc.).
Financial service industry experience a plus.

Additional Requirements

SMBC’s employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.

We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law. SMBC provides reasonable accommodations for employees and applicants with disabilities consistent with applicable law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.