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They come to SVB for our expertise, deep network and nearly forty years of experience in the industries we serve, and to partner with diverse teams of passionate, enterprising SVBers, dedicated to an inclusive approach to helping them grow and succeed at every stage of their business.
Join us at SVB and be part of bringing our clients' world-changing ideas to life. At SVB, we have the opportunity to grow and collectively make an impact by supporting the innovative clients and communities SVB serves. We pride ourselves in having both a diverse client roster and an equally diverse and inclusive organization. And we work diligently to encourage all with different ways of thinking, different ways of working, and especially those traditionally underrepresented in technology and financial services, to apply.
Reporting to the Head of Accounting Policy, this individual be responsible for Company-wide accounting policy governance, driving implementation and training efforts with respect to adoption of new accounting guidance and ensuring proper accounting treatment of highly complex transactions such as mergers & acquisitions, new initiatives and new products. This role will support the Head by using acquired technical accounting expertise and conducting research to efficiently draft accounting documents that are well thought out, cohesive, and articulate, which will support internal positions and be evaluated by internal stakeholders and external auditors. This individual will also support our international subsidiaries with IFRS support and lead in developing a truly Global Accounting Policy function that covers both US GAAP and IFRS.
The right person thrives in a high performance, fast-paced environment. This individual will possess deep technical accounting expertise and be pivotal in ensuring global US and IFRS compliance and policy enforcement.
Key responsibilities include:
Ensure proper global accounting policy governance is embedded across the enterprise to drive accounting policy compliance and proper accounting treatment of all applicable accounting and statutory requirements for the Company.
Lead the development and maintenance of accounting policies in compliance with US GAAP, IFRS, and SEC rules and regulations.
Lead exercises to benchmark accounting policies, as well as disclosures, against other public company filers as part of an effort to achieve best-in-class standards.
Lead reviews of new accounting standard updates and adaptation of processes, policies and training programs to reflect applicable updates; track projects related to emerging accounting guidance and reporting rules.
Direct and lead research of technical accounting matters regarding technically complex transactions, new business initiatives, mergers & acquisitions, new products, and new contracts.
Specific responsibilities include, but are not limited to:
Support in the development of the Accounting Governance framework and oversee related activities to ensure the Company maintains reporting standards, policies, proper interpretation of accounting guidance and procedures for the accounting policy function.
Serve on various working project groups and committees that drive governance and compliance with financial disclosures and the Company’s critical accounting policies.
Participate in the quarterly SEC filing process, including preparation of assigned disclosures and reviews of investor relations materials.
Execute special projects as assigned, including mergers and acquisitions accounting considerations and finance functional transformation projects.
Develop presentations tailored to stakeholders at various levels and business functions regarding impact of external and internal accounting factors’ impact on financial statements.
Lead and set standards for critical accounting policies and the review of accounting memos providing documentation of the application of accounting principles to specific and non-recurring transactions and also advise on operational implications to key partners.
Direct, manage or perform the technical accounting research and related documentation of technical accounting matters.
Partner and coordinate cross-functionally to understand business transactions and effectively communicate accounting issues to various departments throughout the Company.
Monitor for IFRS, US GAAP and SEC compliance developments, proposed rules, standards and regulations and proactively plan for potential impacts to Company operations and required trainings.
Develop a roadmap for the adoption of new accounting pronouncements and ensure proper training is provided to Accounting, Finance, Operations and business units regarding processes necessary to implement new standards.
Participate with the exposure draft comment process as needed on issues that will have a significant impact on financial statements.
Provide quarterly updates to management, subsidiaries, and other stakeholders regarding technical accounting matters.
Provide critical accountability for all accounting policy-related activities; ensure appropriate accounting policy compliance controls are in place across the organization. Contribute to the development of your own and team’s technical acumen.
Mentor teammates to support career development. Attract, retain and develop accounting policy talent.
The successful candidate will have at least 10+ years of experience at major financial institutions and a distinguished record of performance as a technical accountant. Prior career experience with a major public accounting firm is also highly desirable. In addition, the individual will possess the following:
Strong technical accounting background possessing a high level of financial and analytical skills across multiple areas of responsibility, including all GAAP matters, Regulatory Accounting Principles (RAP), statutory reporting, and familiarity with IFRS and other regulatory requirements.
Extensive experience monitoring and implementing adoption of new accounting standards and developing communication and training strategies.
Strong knowledge of financial transactions flow and their financial statement impact.
Advanced ability to research technical issues in accounting literature and regulations and ability to develop policies based upon this research, including previous experience dealing with technical matters that include complex equity transactions, mergers & acquisitions, consolidations, variable interest entities, financial instruments and derivatives, funds management, share based compensation, and loan participation and syndication accounting.
Effective, high energy business partner with the ability to influence, collaborate, and work across the organization, with the CFO, CAO, controllers, treasury, tax and other finance leaders.
Ability to interface with external stakeholders including external auditors and regulators.
A highly organized individual who is disciplined in the oversight of details while maintaining the big picture perspective.
Superior written and verbal communication skills. Able to tailor communication style and message to audience, including technical and non-technical audiences and all levels of management.
Experience in developing technical and functional accounting training programs for various levels within an organization.
Strength in researching, understanding, and succinctly explaining complex transactions.
Ability to develop and adhere to project plans, direct resources and manage multiple, changing priorities.
Demonstrated ability to effectively use various coaching techniques to build a high-performing and accountable team.
Demonstrated ability to work in a cross-functional, high-growth environment, and to lead and drive complex initiatives.
Candidate must possess an undergraduate degree in accounting and/or business administration.
CPA or equivalent designation required.
Critical Leadership Capabilities
Collaborating and Influencing
Facilitates discussions to enable people to collaborate with each other independently; promotes collaboration across multiple parties.
Identifies and meets with key players and stakeholders to help them shape a consensus collectively and engages in a dialogue to reach a final conclusion together, compromising as necessary for results.
Develops explicit understanding of which relationships are most important to the organization and its stakeholders, builds a network prioritizing these relationships.
Challenges assumptions and conventional wisdom with specific, supported, reasoned proposals.
Contributes to the development of an organizational strategy and justifies it with market insight.
Thinks 3-5 years ahead into next business cycle.
Enables higher performance by incrementally improving approaches based on calculated risks and benefits.
Benchmarks own performance against industry best practices.
Proactively seeks to improve processes and implement best in class solutions, raising quality and productivity in a calculated way.
Identifies new processes and/or systems to improve productivity and/or make the business more efficient.