Category: Career Center

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Job of the Day: Bring Your Extensive GAAP Knowledge to Fannie Mae

Thumbnail image for Need_a_job.jpgIt’s already been determined that Fannie Mae is TBTF so any concerns that you have about company security should be put to rest.
Plus, as a quasi-government entity (or is it just a government entity now?) your country will owe you a debt of gratitude.
Get the details for a Senior Manager of Accounting Policy position in Washington, D.C. after the jump.


Company: Fannie Mae

Title: Senior Manager – Accounting Policy

Location: Washington, D.C.

Minimum experience: 4 – 6 years public accounting experience or equivalent experience

Description: This Senior Manager of Accounting Policy will work with his/her Director and peers to ensure up-to-date company-wide accounting policies in compliance with relevant authoritative accounting literature. The Senior Manager will interact with internal customers (e.g., business units, Accounting Operations and financial reporting) to understand new transactions/business changes, research technical accounting literature and provide applicable accounting guidance.

Responsibilities: Evaluate new business initiatives, products and changes to the business through interaction with internal customers, understanding the facts and researching applicable technical accounting guidance; Write accounting policy memos documenting facts and applicable accounting policy guidance and discuss proposed accounting guidance with Directors, VPs and others within Accounting Policy Address implementation issues and questions; Interact and coordinate with consultants, auditors, and other stakeholders; Monitor accounting developments through the accounting setting process, communicate status of projects and impact to Fannie Mae, and provide guidance on the implementation of new accounting standards; Prepare and review SEC and other external reporting relating to assigned areas.

Skills: CPA required; Experience in the interpretation and application of SFAS No. 166, SFAS No. 167, FIN No. 45, SFAS No. 133, SFAS No. 5/114, SFAS No. 15/65, SFAS No. 115 and/or SFAS No. 157; Relevant SEC experience preferred

See the entire description over at the GC Career Center and visit the main page for all your job search needs.

Job of the Day: You’re Good Enough for Government Work

Thumbnail image for Thumbnail image for hire me2.jpgThe word on the street is working in government isn’t a bad move. Plus, Texas doesn’t have an income tax.
Check out the details for a financial examiner position for the Credit Union Department for the State of Texas located in Houston, after the jump.


Company: Credit Union Department – State of Texas
Title: Financial Examiner IV
Location: Houston, TX
Experience: 3 – 5 years
Compensation: $50,000 – $70,000
Description: Professional examining position with the responsibility for conducting examinations of complex credit unions with persistent problems, in addition to routine examinations. Work involves examining and verifying financial and operating statements, analyzing and interpreting financial and statistical data, ascertaining compliance with applicable state and federal laws, rules, bylaws, and sound business practices, and evaluating management performance. Functions as the Examiner-in-Charge of large team examinations or provides oversight responsibility for a specific function of the examination. May be an examiner with extensive experience or expertise in one or more areas of the examination process, such as accounting, specialized lending, management consulting, or investments.
Responsibilities: Verifying the accuracy of accounting records and related financial statements; reviewing a sample of loan files to ascertain proper documentation and adequate procedures; reviewing board policies and verifying compliance; verifying investments and determining that investment policies are adequate and appropriate; verifying compliance with applicable sections of the Texas Finance Code, Commission Rules, and Bylaws; verfying compliance with other related laws or applicable federal regulations; and evaluating management effectiveness and internal controls.
See the entire description over at the GC Career Center and visit the main page for all your job search needs.

Job of the Day: We won’t rest…

Thumbnail image for Thumbnail image for hire me2.jpg…until you’re all gainfully employed. Except maybe the last week of the year. Nobody does a damn thing that week.
Check out the details for a financial analyst position at BBVA in New York, after the jump.


Company: BBVA
Title: Financial Analyst
Location: New York City
Responsibilities: Analyze daily/monthly fluctuations in P&L (by entity, business lines, and product), prepare explanations of significant changes, and investigate any open items; Prepare monthly management reporting package, including reporting of adjustments, suspense items and reconciling items; Identify any errors (system or manual) in the daily P&L and work closely with the Operations department and Front Office to ensure they are corrected in a timely manner; Assist in preparation of budget and expense allocation; Review monthly report of suspense items and obtain explanation and target dates for clearance of aged items;Prepare various analyses by products (Loans, Fees, Fixed Income, FX, IRS, etc.); Assist in preparing support for various audit requests; Other ad-hoc projects, as needed
Qualifications: Bachelors or Masters in Accounting or Finance, CPA preferred; Three to Five years of experience in the Financial industry (Banking preferred), with an emphasis in management reporting or accounting; Possess knowledge of U.S. GAAP and/or IFRS, standard accounting concepts practices and procedures and ability to understand and solve complex accounting issues; Fluency in Spanish preferred
See the entire job description over at the CG Career Center and visit the main page for all your job search needs.

Robert Half Survey: CFOs Are Nearly Done Firing People

unemployment.jpgBob Half is spreading some good cheer the-world-is-not-ending-in-2010 news this holiday season, as the staffing company’s latest poll has indicated that the job market for accountants should “stabalize” in the first quarter of the new year. Call us morbid but “stable” makes us think of someone in the ICU.


Web CPA:

Staffing company Robert Half International found that a net 3 percent of the 1,400 CFOs interviewed for the survey plan to reduce their accounting and finance personnel in the first quarter of 2010, but this represents an improvement from the net 6 percent forecast the previous quarter. Most executives — 84 percent — expect no changes to their staffing levels.
Six percent of executives plan to increase hiring in the first quarter and 9 percent foresee personnel reductions. Compared to the fourth-quarter projections, the number that anticipated adding staff rose while the number projecting cutbacks declined.

Thought so! Not anything to write home about since 84 percent of the respondents expect no changes in their staffing levels. To make matters worse, according to the survey those of you pounding the pavement don’t have any skills:

Despite current unemployment levels, CFOs continue to report challenges finding highly skilled professionals for certain functional areas. Twenty-five percent of financial executives said accounting roles are the hardest to fill, and 20 percent said they experience the most difficulty hiring for operational support positions.

Leave it to the BSDs of the world to bring you down by telling you don’t have any skills. We believe in you, unemployed number crunchers of the world! Don’t let the bastards get you down.
Accounting Staff Cutbacks Expected to Slow [Web CPA]

Job of the Day: If Nothing Else, the Title Sounds Impressive

Thumbnail image for Thumbnail image for hire me2.jpgSure you’ll be neck deep in the new codification but somebody’s got to do it, amiright?
Check out an Investment Accounting Policy Manager position at BlackRock, after the jump.


Company: BlackRock
Title: Investment Accounting Policy Manager
Location: New York City
Description: Direct accounting policy related to BlackRock’s nearly 2,000 investment products, including mutual funds, i-Shares, private equity funds, CDOs, structured products and other alternative products, including real estate funds, hedge funds and hedge fund of funds.
Responsibilities: Document existing policies for investment companies, working closely with fund administration teams and product CFOs; Assist in structuring new products; Monitor the firm’s compliance with SFAS 167; Assist in general corporate policy matters, including SFAS 123(R), SFAS 109, SFAS 141(R), SFAS 142 and SFAS 160, SFAS 157 and SFAS 52.
Qualifications: B.A. / B.S. degree in Accounting or Finance; CPA required; 7 to 12 years related work experience (Big 4 experience in a policy or technical accounting role preferred; Asset Management specialization necessary); Knowledge of new and proposed professional accounting guidance; IFRS expertise preferred, but not required.
See the entire description over at the GC Career Center and visit the main page for all your job search needs.

Job of the Day: Global Asset Manager Needs Someone Who Loves GAAP

Thumbnail image for Thumbnail image for hire me2.jpgWhich should be all of you. Okay, tax peeps, you got us but take a peak anyway.
Ashton Lane Group is looking to place someone in a senior accounting analysis and reporting position for a global asset manager in New York. The position requires at least 5 years experience and offers a competitive base and bonus.
Check out more details after the jump.


Title: Financial Reporting Accountant
Location: New York City
Responsibilities: Analysis and documentation of complex transaction terms and accounting treatment, which involves interaction with Business, Legal and Finance; Conducting accounting research and formulating application of the US GAAP framework to transactions, financial instruments, and hedging programs; Keeping current on new relevant US GAAP requirements; Assisting with the implementation of new US GAAP pronouncements and formulating relevant accounting policies; Participation in future implementation efforts around IRFS framework
Other requirements: 5-8 years in Public Accounting (Financial Services Industry exposure a strong plus) or 6-9 years of work experience in the financial services industry; Strong command of the US GAAP framework associated with: consolidation, derivatives, hedge accounting, transfer of financial assets, fair valuation of financial instruments; CPA license a strong plus.
See the entire job description over at the GC Career Center and visit the main page for all your job search needs.

Job of the Day: What Exactly Does a Consultant Do?

Thumbnail image for Thumbnail image for hire me2.jpgThey consult, naturally. We can’t really get into more detail at this point. But if you consider yourself a renaissance man/woman in the financial realm (and don’t mind some travel), a consulting gig may be right for you.
Check out the details for both senior and staff finance consultant positions at Infrastructure Management Group, Inc. in Bethesda, MD after the jump.


Company: Infrastructure Management Group, Inc.
Title: Finance Consultant
Location: Bethesda, MD
Requirements: All candidates must have a bachelor’s degree with at least some coursework in finance, economics, and/or accounting and have a strong interest in infrastructure finance. Fluency in Spanish is a plus. Some domestic and international travel may also be required for some projects.
Senior Consultant Profile: At least two years of finance experience preferably with an investment or commercial bank, accounting firm, or construction/development firm; Experience with cash flow financial models, using net present value and IRR functions; Master’s degree preferred but not required.
Staff Consultant Profile: Entry-level position; Graduating college senior or recent graduate; Some coursework in finance and accounting.
Check out the entire description for this listing over at the GC Career Center and visit the main page for all your job search needs.

Job of the Day: Spanish or Portuguese-Speaking Auditors Report

Thumbnail image for Thumbnail image for hire me2.jpgToday on the job hunt we bring you an audit associate position at BNY Mellon in Boston. Bonus points for those of you that are fluent in Spanish or Portuguese. Check out the details after the jump.


Company: BNY Mellon
Location: Boston
Title: Audit Associate
Description: Performs high quality, risk-focused fieldwork, in accordance with Internal Audit policies, methodologies and standards, in order to identify meaningful issues, risks and other exposures in the Asset Management sector.
Qualifications: Three to six years of relevant auditing experience preferably in Asset Management or related financial services areas, preferably working towards CPA, MBA, and/or CIA designation or already qualified. Fluency in Spanish or Portuguese would be an asset.
Check out entire description over at the GC Career Center and visit the main page for all your job search needs.

Job of the Day: Hate the Cold? Move to Florida

Thumbnail image for Thumbnail image for hire me2.jpgGlobal warming? Bah. Over half the country is experiencing inclement weather.
That’s a perfect excuse to move to South Florida. Analytic Recruiting has a Manager of Derivatives Accounting position that is offering a “generous relocation” to Palm Beach. Check out all the details after the jump.


Title: Manager – Derivatives Accounting
Location: Palm Beach, FL
Description: This position will manage accounting and control for all of the firm’s trading and hedging activities.
Responsibilities: Managing hedge effectiveness strategies for Energy Trading; oversee all accounting and financial statement activities [FAS 133, FAS 157 and FAS 161 and FX and Commodity hedge analysis].
Requirements: BS in Accounting or Finance, and at least 5 yrs of derivatives accounting experience and be very comfortable with FAS 133, FAS 157 and FAS 161. A CPA is strongly preferred.
Check out the entire job description over at the GC Career Center and check out the main page for all your job search needs.

Job of the Day: All I Want for Christmas Is a New Job

Thumbnail image for Thumbnail image for hire me2.jpgIf a new job is on your list to Kris Kringle, then you’re in luck because we’re going to start throwing a job out there for your viewing pleasure on a daily basis. It’s up to you click the links provided. We can’t do everything after all.
Check out the details for a Senior Alternative Investments Accounting Analyst position at Brown Brothers Harriman in New York, after the jump.


Company: Brown Brothers Harriman
Title: Senior Alternative Investments Accounting Analyst
Location: New York City
Description: The Senior Accountant – Alternative Investments will be responsible for the accounting, operational and administrative functions for BBH alternative investment products.
Responsibilities: The individual will be responsible for the core accounting and reporting (financial and tax) for these products, including maintenance of general ledgers, partnership capital accounts and unit prices for offshore share classes. The position will also be responsible for operations and administration of the products, including subscriptions, redemptions, cash management, investor reporting, and supervision of administrators. As well, this position will directly support the front office staff who works on the products. The individual will deal with front office management of BBH, product and portfolio managers of BBH, external relationships with external accountants, some external product portfolio managers and administrators as well as the Core Accounting group of Controllers.
Requirements: Bachelor Degree, Accounting Major preferred; 4+ yrs of relevant experience, preferably with exposure to alternative investments; Good knowledge of financial products, including alternative investments
See this job’s entire description over at the GC Career Center and visit the main page for all your job search needs.

The Partner Track: Open Thread

aspirations.jpgA friend of GC recently brought up the holy grail of public accounting: admission to the partnership. We were informed that in one Big 4 office in the west, the timeline for making partner had recently increased from 12 – 13 years to 15 – 16 years.

Maybe three additional years after a dozen is NBD but it might cause some to jump ship.

We would assume that this trend would be more likely in smaller markets but we’re opening this to you to discuss what you’re hearing about your office and firm.

Vote in our poll below about your partner aspirations and discuss further in the comments (and anything else partner-related for that matter). For the current partners kindly give your future partners some perspective on the journey. The good, the bad, whatever.

Job of the Week: Resist the Turkey Coma and Find a New Job This Weekend

Thumbnail image for Thumbnail image for hire me2.jpgSince you’ll have a couple of days off it’s a perfect opportunity to get leg up on everyone else out there suffering from an L-tryptophan overdose.
After the jump, get the details for a Senior Auditor position at the Pentagon Federal Credit Union.


Position: Senior Auditor
Company: Pentagon Federal Credit Union
Location: Alexandria, VA,
Experience: 5 – 7 years
Responsibilities: Executes and/or leads complex audits and reviews to determine effectiveness of controls, accuracy of financial records and compliance with regulations and policies in accordance with accepted standards.
Develops audit programs, obtains, analyzes and appraises documentary evidence sufficient to formulate an objective opinion regarding the efficiency and effectiveness of the operations and activities being audited.
Oversees the work of Staff Auditors assigned to assist on audits, including methodologies utilized, work paper documentation, and reports of findings or recommendations to Management.
Based on established reporting standards, prepares a formal written report of the audit showing the purpose and scope of the completed audit, the conclusions and any findings and related recommendations.
Qualifications: Possession of strong financial and analytical skills, advanced planning, organizing and problem-solving skills, a thorough understanding of financial institution practices and in-depth knowledge of internal audit principles and regulatory compliance.
See the entire job description over at the GC Career Center and jump over to the main page for all your job searching needs.