Accounting Manager I at Fifth Third Bank

Cincinnati, Ohio, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

NoVisa

Banking, Financial ServicesIndustries

Requirements

Bachelor’s degree in Accounting, Finance or Economics (MBA and/or certification such as CPA, CMA strongly preferred)
Minimum of 5 years of related industry or public accounting experience (banking or financial services experience preferred)
Supervisory experience preferred
Proficient in advanced spreadsheet applications such as Excel, Microsoft Word
Ability to learn and understand Bancorp systems such as Mobius, Frontier, Raft & TM1
Excellent communications, organization and follow-up skills
Excellent people/relationship building skills
Strong analytical, verbal and written communication skills
Ability to apply critical thought process
Capable of prioritizing and organizing work to meet deadlines
Ability to communicate clearly & concisely with other managers and department leaders

Responsibilities

Directly supervise employee(s) in the specific department
Make recommendations regarding employment, performance ratings, and salary increases
Prepare and give performance appraisals on a timely basis
Allocate work, review work, provide training, guide development, work with staff to set and achieve objectives, and guide and advise subordinates
Resolve routine personnel issues
Interview for any staffing needs and/or replacements
Identify and implement process improvement opportunities
Work with department, affiliate or lines of business for reporting enhancements
Research and develop new/improved reporting enhancements for better management analysis
Implement reporting and functional enhancements in a timely manner
Ensure all Department policies and procedures are developed, documented and maintained in accordance with Generally Accepted Accounting Principles
Supervise staff in the completion of month-end responsibilities including preparation and execution of monthly entries, variance analysis, reconciliation and report preparation
Handle all accounting and bookkeeping aspects of the specific general accounting area: balancing, reconciliation, accruals, amortization, etc., in support of affiliate and line of business finance staff
Prepare reports from accounting information
Establish customer contact and maintain relationships with internal customers (affiliate and line of business finance staff)
Monitor contractual obligations, expense allocations, etc., along with maintenance and interfacing
Provide employees timely, candid and constructive performance feedback; develop employees to their fullest potential; provide challenging opportunities that enhance employee career growth; develop talent pool for bench strength and succession planning; recognize and reward employees for accomplishments
Be responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures
Ensure actions and behaviors drive a positive customer experience while operating within the Bank’s risk appetite, and consistently identify, assess, manage, monitor, and report risks of all types

Skills

GAAP

financial reporting

process improvement

supervisory management

performance appraisals

risk management

accounting supervision

Fifth Third Bank

Provides banking, loans, and wealth management services

About Fifth Third Bank

Fifth Third Bank offers a variety of financial services, including personal and business banking, loans, mortgages, credit lines, and insurance products. Their services cater to individual consumers, small businesses, and commercial clients, providing comprehensive solutions for managing finances. The bank generates revenue through interest on loans, service fees, and commissions from insurance and investment products. Unlike many competitors, Fifth Third Bank emphasizes community engagement and financial education, providing resources to help clients improve their financial literacy. The goal of Fifth Third Bank is to support clients in achieving their financial objectives while fostering a strong connection with the communities they serve.

Cincinnati, OhioHeadquarters

1858Year Founded

IPOCompany Stage

Social Impact, Financial ServicesIndustries

10,001+Employees

Benefits

Health Insurance

Paid Sick Leave

Paid Holidays

Performance Bonus

Flexible Work Hours

Risks

Rising interest rates may decrease demand for loans and mortgages.

Competition from fintechs like Robinhood threatens Fifth Third's wealth management sector.

Sophisticated cybersecurity threats pose risks to customer data and trust.

Differentiation

Fifth Third Bank offers comprehensive financial solutions for individuals and businesses.

The bank emphasizes community engagement and financial education for client empowerment.

It provides a wide range of insurance products, including life, health, and disability.

Upsides

Increased demand for digital banking boosts Fifth Third Bank's online service offerings.

Partnerships with fintech enhance technological capabilities and customer experience.

Growing interest in sustainable finance attracts environmentally conscious customers.

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