Financial Reporting Analyst I - Regulatory Reporting
Company: USAA
Location: San Antonio
Posted on: January 16, 2022
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Job Description:
Purpose of Job We are seeking a talented Financial Reporting
Analyst I for our San Antonio or Charlotte facility. This person
may also work remotely in a 100% Remote Work Environment.
Prepares and delivers financial statements and regulatory reports
and analysis used by internal and external stakeholders to meet
regulatory and compliance reporting requirements. Performs
appropriate research, prepares and reviews complex financial and
regulatory reports and completes significant business and
operational analytics while adhering to internal controls over
financial reporting. Supports audits and examinations and interacts
frequently with internal and external auditors and regulatory
examiners.
The Financial Reporting Analyst I is responsible for the
preparation, peer review, and analysis of Holding Company &
Subsidiary regulatory reports, primarily including Broker-Dealer
FOCUS reporting, FR Y-9C, FR Y-11/11S, FR 2314/2314S, and FFIEC
009/009a. The Financial Reporting Analyst I will serve as the
central coordinator for all of the teams manual data request
repositories, maintained in SharePoint and Wdesk. The role also
entails development and maintenance of procedures detailing the
team's processes, including recommending and implementing process
and procedure enhancements. As a member of the Holding Company &
Subsidiary regulatory reporting team, this role serves as a
regulatory reporting subject matter expert, through assessment and
review of change management initiatives resulting from internal and
external change initiatives.
Job Requirements
About USAA
USAA knows what it means to serve. We facilitate the financial
security of millions of U.S. military members and their families.
This singular mission requires a dedication to innovative thinking
at every level.
Primary Responsibilities:
Identify and handle existing and emerging risks that stem from
business activities and the job role.
Ensure risks associated with business activities are effectively
identified, measured, monitored, and controlled.
Follow written risk and compliance policies and procedures for
business activities.
Applies broad industry and accounting knowledge in the end-to-end
delivery and preparation of moderately complex to complex financial
and regulatory reporting requirements to include Bank Holding
Company reporting, Enterprise GAAP reporting and/or investment
reporting.
Performs detailed, peer review of reports in addition to audited
statements and support schedules in preparation for final review by
management.
Interprets and understands financial results and regulatory
information as well as business and financial statement
interrelationships, and provide informed, proactive analysis and
business insights for analytical review to enable effective
decision-making for financial and regulatory reporting.
Assists with audits, examinations and ad-hoc surveys by
coordinating receipt of support from business partners and
preparation of supporting work papers and schedules. May lead
components of audits or examinations.
Responsible for internal controls to ensure accurate referencing
for peer and management review documentation over owned reports and
assignments.
May assist in the preparation of responses to surveys and data
calls from state and regulatory bodies.
Researches and provides recommendations regarding changes to
reports as assigned, including new line items and updated
instructions.
Serves as a resource to team members on escalated issues of a
routine nature.
Drafts and may deliver disclosures, technical memos, presentations
and other supporting documentation.
Minimum Requirements:
Bachelor's degree in Accounting, Finance, or related field. OR 4
additional years of related experience beyond the minimum required
may be substituted in lieu of a degree.
4 years of experience preparing and delivering financial statements
and regulatory reports in the financial services industry, Bank
Holding Company or relevant work experience.
Expert knowledge of applicable Microsoft Office applications
including Excel.
2 years of experience conducting research and preparing business
and operation financial analysis.
Strong knowledge of Generally Accepted Accounting Principles
(GAAP).
When you apply for this position, you will be required to answer
some initial questions. This will take approximately 5 minutes.
Once you begin the questions you will not be able to finish them at
a later time and you will not be able to change your responses.
Preferred Experience:
Master's degree in Finance, Accounting, or Business Administration
(MBA).
Certified Public Accountant (CPA).
Bank holding company and broker-dealer regulatory reporting
experience.
High proficiency in Microsoft suite of products - Word, Excel,
PowerPoint.
Strong knowledge of GAAP and banking regulatory reporting rules and
regulations.
Excellent analytical and problem-solving skills.
Excellent communication skills (both written and verbal) and
interpersonal skills.
Ability to work in cross functional teams.
Strong capability to work both collaboratively and independently to
meet tight deadlines, and flexibility in handling moving targets
and multiple competing priorities.
Ability to coordinate and work closely with other impacted business
units, including the lines of business, legal and compliance.
The above description reflects the details considered necessary to
describe the principal functions of the job and should not be
construed as a detailed description of all the work requirements
that may be performed in the job.
Compensation:
USAA has an effective process for assessing market data and
establishing ranges to ensure we remain competitive. You are paid
within the salary range based on your experience and market
position. The salary range for this position is: $66,300 -
$119,500*( this does not include geographic differential it may be
applied based on your work location)
Employees may be eligible for pay incentives based on overall
corporate and individual performance or at the discretion of the
USAA Board of Directors.
Benefits:
At USAA our employees enjoy best-in-class benefits to support their
physical, financial, and emotional wellness. These benefits include
comprehensive medical, dental and vision plans, 401(k), pension,
life insurance, parental benefits, adoption assistance, paid time
off program with paid holidays plus 16 paid volunteer hours, and
various wellness programs. Additionally, our career path planning
and continuing education assists employees with their professional
goals.
Please click on the link below for more details.
USAA Total Rewards
Relocation assistance is not available for this position.
Keywords: USAA, San Antonio , Financial Reporting Analyst I - Regulatory Reporting, Advertising , San Antonio, Texas
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