Tag: Job of the Day

Holiday Weekend Accounting News: KPMG Bolts Iran; Financial Statement Reader App for iPad?; IRS Job Creation; Another Koss Fraud Theory; Toni Braxton Tax Trubs; Illegals Bilk IRS for $13 mil; Job of the Day | 04.02.10

See you Monday, capital market servants. It’s okay, tax warriors – Just think, two weeks from today and you’ll be sleeping in.

• KPMG severs Iran ties [FT]
T Fly and Co. has pulled the plug on Iran after big pressure from the UANI, “Tom Wethered, KPMG International’s general counsel, wrote to UANI on Thursday that the accountancy network had terminated the membership of Bayat Rayan, one of Iran’s biggest accountants.” The FT reports that the firm cited “serious and escalating concerns,” about the country’s government.

• Imagine: iPad App l Statements [XBRL Business Information Exchange via CPA Trendlines]
Someone make this happen ASAP. “Imagine it. Everyone connected by the Web, not the current Web but the Semantic Web. iPads, iPods, iPhones, Androids, Smartphones; maybe a few PCs will still be around. IFRS used globally. Financial information in XBRL making it dynamic like a pivot table, rather than static like the legacy paper statements.”


• Is Hiring More IRS Employees ‘Job Creation’? [The Atlantic]
There’s a lot of hysteria over the 16,000-some odd new IRS agents that will be running around the country trying to steal your freedom. Those are real jobs though.

• Koss Fraud: Unrecorded revenue? [Fraud Files Blog]
Tracy Coenen kicks around another theory of how alleged shopaholic Sue Sachdeva hid her embezzlement from Grant Thornton, “I’ve heard from a few sources who I consider to be very reliable that Sachdeva hid her theft by not recording revenue. This would mean that Koss’s revenue was understated by $31 million during the time she was committing her theft.” Tracy points out that this method would be “messy” but “There is almost no chance that the auditors will discover the theft and the cover-up. The bulk of the auditors’ work is spent on the balance sheet. So long as transactions related to the theft don’t show up in the ending balances of the balance sheet accounts, she’s pretty safe there.”

• Singer Toni Braxton bobbles tax bill [Tax Watchdog]
Toni Braxton really needs help. She now owes the IRS nearly $400k after a $71k tab from last summer. We’ll say it again – Get Ludacris on the phone.

• 10 illegal aliens in S.C. admit to bilking IRS out of $13 million [Greenville Online]
Who do the teabaggers get mad at for this one? Don’t they hate the IRS and illegal aliens equally? We can only hope that this will cause their heads to explode. Oh, and because it’s in South Carolina we can probably expect a lynching of everyone involved.

• Job of the Day: Fannie Mae Needs a Experienced Accountant [GC Career Center]
Four to six years experience, CPA required. Responsibilities include: Compile, review, analyze, and record financial information to the general ledger. Complete monthly closings. Prepare balance sheet and profit and loss statements, consolidated financial statements, and other accounting schedules and reports. Located in DC Metro. You!

Job of the Day: Northwest Needs an Accounting Manager

Northwest is looking for an experienced accounting professional to lead a team of approximately twelve individuals. This person needs experience evaluating, creating, and re-working effective controls along with leadership experience.

The position is located in Stamford, CT, requires a minimum of eight years experience, and a CPA license. Get more details after the jump.


Company: Northwest

Title: Manager, Portfolio Accounting (Investment Management)

Location: Stamford, CT

Description: Highly skilled Portfolio Accounting Manager sought to manage/mentor staff, evaluate existing processes/innovate new more efficient ones, create new controls, streamline workflows, etc.

Responsibilities: Responsible for monthly reconciliations, the calculation and reporting of monthly performance, pricing, valuations and NAV’s, and reporting to clients for SMA’s and DFI’s; Take ownership of the portfolio accounting metrics (review existing, create new), build new processes/procedures and controls, streamline/rebuild work flows to ensure efficiency, manage third party relationships, consistently identify areas of improvement within the department, build and execute strategy as well as manage numerous cross-departmental projects. Position will report to the department senior.

Qualifications: Minimum of a Bachelors degree; prefer Masters; CPA; Minimum of 8 years relevant accounting experience (portfolio accounting, fund accounting, partnership accounting, reconciliation/valuation expertise, or CPA out of a Fund Administrator); Experience managing a staff of at least 10 individuals. Experience creating staff performance metrics, evaluating staff performance, hiring; Extensive experience evaluating accounting processes and procedures, creating 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: Credit Suisse Needs a Head of Valuation Testing

Credit Suisse is looking for an experienced professional to join their Chief Financial Officer Division as a Head of Valuation Testing Reporting.

The position is responsible for the collection of valuation testing results across all Investment Bank business units and consolidates those results in a monthly presentation to senior management and quarterly presentation to the Audit Committee among other duties.

The position requires a minimum of seven years experience and is located in New York. Get more details after the jump.


Company: Credit Suisse

Title: Head of Valuation Testing

Location: New York

Description: This person is responsible for managing the technology for collecting the valuation testing results, summarizing the results and providing ongoing guidance to the business unit product controllers on valuation testing policies and procedures. The material this person is responsible for preparing will be reviewed by the Global Head of Product Control, the CFO and the Audit Committee.

Responsibilities: Primary deliverable is the Monthly Consolidated Inventory Valuation Review for the Investment Bank. There are also additional monthly deliverables to Product Control that summarize valuation testing metrics, exception reports and other control-related reports or processes; This person will be a key participant in the development of next generation valuation testing reporting systems and will work closely with the Product Control Reporting Group and the Strategic Process Change Group on enhancing existing systems and defining requirement for future development; This person will also work closely with his/her peers within VRG in defining new policies and procedures and guidelines for implementation of policies and procedures. Additionally this person will be a point person for communication with his/her peers in Product Control Price Testing.

Qualifications: This person needs to be organized and be able to organize a complex consolidation and reporting function such that it is most efficient and minimizes errors. Organization extends to the process of collecting information, synthesizing/editing, presenting and storing the results; This person should have experience in management reporting in a Global Investment/Commercial Bank with experience in reporting price testing results. A working knowledge of the investment banking products of derivatives, cash instruments, and structured products is a must; This person should understand the different roles of control in an investment/commercial bank and the interactions between product control, reporting, financial accounting, etc.; This person should have experience in developing technology solutions for their business with specific experience in management reporting a definite plus.

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: BNP Paribas Needs an Experienced Accountant

BNP Paribas is looking for someone to join their accounting team that will be responsible for the day to day maintenance and control of the assigned sections of the general ledger.

The position requires a of two to four years experience and is located in Jersey City, NJ. Get more details after the jump.


Company: BNP Paribas

Title: Accountant, Financial Institutions

Location: Jersey City, NJ

Description: The accountant is responsible for the day to day maintenance and control of the sections of the general ledgers under his responsibility. When applicable he coordinates review and potential adjustments with operation groups He provides all required reporting to management. This person is also responsible for the process of reporting the monthly management revenues for the entities under his/her responsibility.

Responsibilities: Observance of Banks Policies and Procedures; Review of Daily Ledgers for posting errors and/or back value transactions; Justify or reconcile all accounts under her/his responsibility; Prepare and book daily/monthly entries as necessary; Prepare required reconciliation reporting for branch or entity; Assist on special projects at the request of management; Assist on user acceptance testing at the request of management
Perform specific duties and report as assigned; Assist in the distribution of financial reports and ledgers
Support Management Accounting for financial data; Produce, review, reconcile and submit monthly revenue profitability information to Head Office; Respond to questions and special requests from account officers; Investigate and resolve issues and questions concerning Customer Profitability.

Qualifications: Minimum 2-4 years experience in financial and/or management accounting; Must have Prime Brokerage product knowledge.

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: Citi Needs a Expense Controller

Citi is looking for someone to join their Citi Capital Advisors (CCA) Financial Control unit as an Expense Controller. The position’s responsibilities center around budgeting, forecasting and reporting actual results for all operating expenses and headcount.

It requires a minimum of six years experience and is located in New York. Get more details after the jump.


Company: Citi

Title: Financial Control – Expense Controller

Location: New York, NY

Description: Financial Control is responsible for a variety of activities related to the firm’s financial reporting and controls. The team is divided into different areas of specialization where each member is responsible for a unique set of responsibilities that include both analytical and accounting roles.

Responsibilities: This position will assist in all aspects of expense management and legal vehicle reporting within the Citi Capital Advisors (CCA) Financial Control unit; The primary responsibility will be to drive the core expense management processes and assist the CCA Finance management team to create a best-in-class robust and controlled financial reporting process for both management and legal books. These responsibilities will be centered around budgeting, forecasting and reporting actual results for all operating expenses and headcount; The candidate will have significant input to streamline all aspects of the expense reporting processes.

Qualifications: Bachelor’s degree in Finance or Accounting degree required; 6 to 10 years of experience in financial control or related function 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: Visa Needs a Controller of Business Operations

Visa is looking for an experienced professional to join its Business Operations Group.

The position requires a candidate to have experience with Oracle GL, advanced Excel skills, a CPA and an MBA is preferable.

Check out more details for this position, located in Foster City, CA after the jump.


Company: Visa

Title: Business Leader – Controller of Business Operations

Location: Foster City, CA

Responsibilities: Lead a team within Controller Business Operations who will provide comprehensive controller support to the CIO organization; Successfully translate emerging technology strategies, business relationships and initiatives into controller and financial statement impacts. Align through Finance and other key stakeholders for efficient application of Visa’s accounting policies; Continue to improve the communication, controls, tools, and framework used for assessment and communication of financial impacts of software development projects and the efficiency and effectiveness of recording the impacts of “in progress” software development projects as part of the monthly Ensure accurate accounting for acquisitions and disposals of facilities, technology and software assets, including assessment and documentation accounting impacts of large and complex multi-year software contracts; This includes fostering ongoing interaction with global sourcing and accounts payable to ensure timely, seamless and automated information transfer from these teams and systems to Controller Business Operations and Oracle fixed assets; Build and maintain ongoing and regular communication with CIO leadership and finance business partners to ensure that controllership is aware of emerging business decisions/ developments to ensure seamless support to the business;

Qualifications: Bachelor’s degree in Accounting or Finance with 10+ years of progressive experience at a publicly held global company; In-depth knowledge and recent experience with application of SOP 98-1; CPA required, MBA 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: Wescott Financial Advisory Group Needs a Senior Accountant

Wescott Financial Advisory Group is a growing Philadelphia based financial advisory firm that is looking for a senior accountant to join their accounting team.

This job requires 4 years experience with QuickBooks familiarity and a CPA license is preferred.

Check out more details for this position, located in Philadelphia, after the jump.


Company: Wescott Financial Advisory Group

Title: Senior Accountant

Compensation: $55,000 – $65,000

Location: Philadelphia, PA

Responsibilities: Evaluating, improving and maintaining the accuracy and integrity of all financial databases and reporting systems; Providing accurate and timely financial reports; Developing an annual budget; Working on special financial analysis, forecasting and business modeling projects as assigned; Provide system-wide testing assistance to Wescott’s Chief Compliance Officer and, along with other members of the Wescott team, identify, recommend and implement improvements to Wescott’s financial reporting practices, processes and systems.

Qualifications: 4-year degree with a emphasis on accounting or finance; Minimum of 4 year’s general accounting experience, Familiarity with Quickbooks and advanced Microsoft Excel spreadsheet construction and financial analysis skills; Financial Services experience in a multi-business unit/ regional operation and a CPA are a strong plus.

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: Computer Sciences Corporation Needs a Tax Manager

Computer Sciences Corporation is searching for a tax professional to join their corporate tax department for the purposes of managing their tax compliance and planning functions.

This job requires supervisory and management experience. Big 4 experience is a plus.

Check out more details for this position, located in Falls Church, VA, after the jump.


Company: Computer Sciences Corporation

Title: Senior Manager – Federal Tax

Location: Falls Church, VA

Description: This position directs and controls the activities of one or more functional areas, divisions, product groups or service areas.

Responsibilities: Manages tax planning and compliance function, including the preparation of Federal corporate and partnership returns; Manages the tax budgeting and forecasting process, including the preparation of estimated payments; Assist with IRS audit defense (fact gathering, tax law analysis and positioning); Research and draft tax position papers for FIN 48 and Sarbox documentation requirements; Coordinate with Legal and Business Development on due diligence for mergers and acquisitions; Develop and maintain critical relationships between Tax, Controllers, Treasury, Legal, and Business Units to ensure Tax has a well-informed view of the business operations; Coordinate closely with Tax Accounting and Reporting team to ensure timely and accurate preparation of quarterly and annual tax provision and related disclosures; Coordinate closely with International Tax function to ensure timely and proper pickup of international results in consolidated returns; Coordinate and assist State Tax function with their planning and compliance objectives; Mentor and coach Managers and Senior tax accountants in department.

Basic Qualifications: Master’s degree in accounting, finance or related field preferred; Twelve or more years of tax accounting or finance experience; Nine or more years of supervisory or management experience included; CPA preferred; Big Four experience a plus; Experience working with tax laws and procedures; Experience working with tax forms and processing; Experience working with accounting principles and accounting software and databases; Experience working with auditing and generally accepted accounting principles; Familiarity with SAP, Hyperion and CorpTax a plus.

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: Morgan Stanley Needs an Infrastructure Controller

Morgan Stanley is looking for someone to join their Private Equity Finance Division to handle financial reporting, tax support and business analysis for its Fund Infrastructure complex.

The position requires seven to nine years experience and a CPA license.

Get more details on this position in New York after the jump.


Company: Morgan Stanley

Title: Infrastructure Controller – Vice President

Location: New York, NY

Description: Morgan Stanley is looking for a Fund Controller for Private Equity Finance Division to provide accounting and financial reporting, tax support and business analyses for a multi -billion dollar fund. The open position is a Vice President for the Firm’s Infrastructure Fund complex and related feeder funds

Responsibilities: Review of GAAP basis accounting closings for the Partnerships, including maintenance of books and records, valuation of publicly traded and non-public investment portfolios and cash and brokerage records; Review of quarterly GAAP basis financial statements for the Partnerships, cash flow statements, schedules of investments and footnotes; Review of quarterly reports for partners, including detail roll forward analyses of Partner Capital Accounts (PCAAs) and ad hoc investor requests; Identify and resolve partnership legal, tax and accounting issues subject to investment company accounting guidance. Work with the Partnerships’ auditors to issue year end audited financial statements; Review of accounting and reporting for the Partnerships’ general partners and leveraged co-investment vehicles which are owned by the Firm and Partnerships’ Management personnel; Review of capital calls, management fees, expense analyses, investment purchases and sales and distributions; Communicate, coordinate and work with Partnerships’ Management and the Firm’s finance, administration and operations areas (such as Investor Relations, Treasury, Tax, and Legal); Ensure proper guardianship controls over partnership assets and compliance with procedures documented as required by Sarbanes Oxley; Identify opportunities to use technology to enhance accounting, reporting and operating processes; Assist with the operations of portfolio holding companies.

Qualifications: 7-9 years of accounting experience including financial statement preparation experience and prior experience in Private Equity and/or Hedge Fund area; CPA 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: BlackRock Needs an IT Internal Audit Manager

BlackRock is looking for an experienced auditor who has is familiar with testing of SAS 70 and Sarbanes-Oxley technology controls.

The position requires 9 years experience with Big 4 firm and professional certifications (e.g. CPA, CISA). The position also requires approximately 20% travel.

Check out the details for this position, based in New York, after the jump.


Company: BlackRock

Title: IT Internal Audit Manager

Location: New York, NY

Experience Required: 9 years

Description: The candidate will supervise one to two staff and will work closely with other internal auditors in executing the global integrated internal audit plan. The candidate will report to the Director of Internal Audit IT, who reports to the Global Head of Internal Audit. BlackRock’s internal audit group is comprised of approximately 40 professionals based principally in New York, San Francisco and London, with additional personnel in Edinburgh, Tokyo and Hong Kong.

Responsibilities: More than 9 years experience in the fields of information technology audit, information security and technology risk management; Strong experience auditing operating systems, databases, networks, and technology operations; Experience working within a risk based internal audit function executing audit planning, fieldwork and report writing; A good understanding of information technology, technology risks and emerging technologies; A good understanding of information technology best practice disciplines and frameworks such as CoBIT, ITIL and COSO; Experience managing small teams of skilled professionals and building strong trusted relationships with senior IT and business management.

Qualifications: Experience of auditing Unix, Linux, Sybase, Oracle, MSSQL and Windows; Experience working in a global financial services firm, and a good understanding of the asset management industry and regulatory environment; A “Big 4” background and experience of SAS70 and SOX technology controls testing; Experience working in a non-audit role such as information security or technology operations; Professional certifications such as: CPA, CISA, CISM, CISSP, GSNA, CGEIT, CRISC; Additional technical knowledge, e.g. attack and penetration techniques, security configuration audit tools and techniques, development tools and languages, data modeling and data management techniques.

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 Partnership Schools Needs a Controller

Global Partnership Schools is looking for a controller to oversee the the financial reporting system and supervise the accounting staff.

This position requires 5 to 7 years experience and CPA or CMA license.

Check out the details for this position, located in New York, after the jump.


Company: Global Partnership Schools

Title: Controller

Location: New York, NY

Experience Required: 5 – 7 years

Description: To develop, maintain and oversee Global Partnership Schools and its associated entities’ financial systems while assisting CFO in all areas of financial management and company operations.

Responsibilities: Design and develop financial accounting systems; prepare budgets; supervise accounting processes; review and analyze financial reports. Coordinate with external auditors and tax consultants; Design, monitor and implement financial systems, policies and procedures; Meet finance operational standards by contributing information to strategic financial plans and reviews; implement production, productivity, quality, and customer-service standards; resolve problems and identify system improvements; Supervise accounting staff and carry out responsibilities in accordance with Global Partnership School’s policies and procedures and applicable state and federal laws; Accomplish accounting requirements by designing and maintaining accounting processes: including journal entries and general ledger, billing, collections, accounts payable, accounts receivable and purchase orders; supervise bank reconciliations and closing processes; Support annual budget processes; develop and maintain forecasts and models; ensure compliance with Generally Accepted Accounting Practices and cash management; Perform budget vs. actual analysis for Global Partnership Schools on a monthly basis; Prepare monthly financial accounts vs. profit and loss statement, balance sheet, and cash flows for management reporting; Manage payroll process by analyzing, preparing and inputting payroll data using automated system; ensure compliance with all applicable state and federal wage and hour laws; Coordinate with external auditors and tax consultants; prepare and file basic tax returns; Oversee projects as assigned by CFO.

Qualifications: 5-7 years of experience in Financial Management, preferably in an educational setting; CPA/CMA strongly desired; Accounting, cost accounting, financial planning and strategy, financial skills, financial software, analyzing information, implementation of Microsoft Dynamics and exceptional written and oral communication skills. Educational experience strongly desired.

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: Fannie Mae Needs a Senior Accountant

Fannie Mae needs an experienced accountant that will perform day-to-day accounting operations for Fannie Mae’s investments in Low Income Housing Tax Credit & CI partnerships, including the impacts of consolidating those assets.

The position requires a four to six years experience and a CPA license.

Get more details on the position, located in Washington, DC after the jump.


Company: Fannie Mae

Title: General Accountant, Partnership Accounting

Location: Washington, D.C.

Experience Required: 4 – 6 years

Description: Apply comprehensive knowledge of accounting principles, concepts, practices, and standards in performing complex duties related to preparing and analyzing financial information to record transactions, prepare reports, and review and verify accuracy. Work with consultants, auditors, and others to analyze and provide information on operational, reporting, or system impact related to policy changes and new products. Contribute to special projects. May train staff.

Responsibilities: Compile, review, analyze, and record financial information to the general ledger. Complete monthly closings; Prepare balance sheet and profit and loss statements, consolidated financial statements, and other accounting schedules and reports; Prepare daily, weekly, and monthly reconciliations to ensure general ledger account information is accurate, consistent, traceable, and auditable; Execute and manage timely, accurate transactions; Identify control weaknesses, communicate to management, and participate in making remedial changes to tighten and enhance controls; Provide requested information to auditors, consultants, and others on significant matters requiring coordination; May design, modify, install, and/or maintain accounting systems to ensure adequate recognition of financial transactions; May perform moderately complex accounting projects or participate as a team member on highly complex projects; Understand and analyze partnership financial statements and Schedule K-1s.

Qualifications: Bachelor’s Degree or Equivalent; CPA; 4-6 years or equivalent experience.

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