Senior Accountant I at Fifth Third Bank

Cincinnati, Ohio, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

NoVisa

BankingIndustries

Requirements

Bachelor’s Degree in Accounting, Finance or Economics required
Masters Degree or other certification (CPA, CMA, etc.) preferred
Minimum of 3 years of accounting related experience. Industry or public related experience required
Working knowledge of GAAP required
Proficient in advanced spreadsheet applications such as Excel, Microsoft Word, etc
Demonstrate ability to learn and understand Bancorp systems such as Mobius, Frontier, Raft & TM1
Excellent verbal and written communication skills, including organization and follow up skills

Responsibilities

Accurately maintain accounting records and performs all related accounting functions
Prepares some daily entries while overseeing preparation of other entries
Monitors accounts and maintains account balances
Maintains current accounting policies and practices
Facilitates compliance with Generally Accepted Accounting Principles
Reconciliation and resolution of outages from complex accounts
Responsible for special accounting projects and complex assignments
Optimizing the application of Generally Accepted Accounting Principles
Identify process improvement opportunities and develop/implement initiatives to automate and simplify
Leverage technology to enhance efficiency and productivity
Identify opportunities to improve the accounting processes
Facilitate integration of new applications and accounting systems
Coordinate month-end accounting activities with other departments, divisions and affiliates
Complete all accounting entries in a timely and accurate manner and in accordance with Bancorp accounting policies and Generally Accepted Accounting Principles
Prepare all account reconciliations in a timely and accurate manner and in accordance with Bancorp accounting policies
Develop and maintain appropriate business relationships with internal and external customers
Provide guidance to less experienced members of accounting staff
Allocates work and reviews work of less experienced staff accountants
Works with staff accountants to set and achieve department objectives
Guides and advises less experienced staff accountants
Develops cross training programs and facilitates delegation of duties and responsibilities
Assist in the development and maintenance of the Bancorp’s accounting information and input into financial systems
Responsible for daily G/L entries and uploads and ensuring the operational effectiveness of the system
Prepares various daily, monthly and quarterly reports and statements
Regulatory, compliance and financial reporting
Responds to inquiries from management, auditors and others regarding accounting issues, financial data and financial statements issued by the department
Coordinate efforts with examiners as they carry out examinations of the Bancorp (Audit, Government, etc.)
As needed, informally lead more junior accountants and workflow items & projects

Skills

Key technologies and capabilities for this role

GAAPAccount ReconciliationFinancial ReportingMonth-End ClosingProcess ImprovementAccounting AutomationERP Systems

Questions & Answers

Common questions about this position

Is this position remote or does it require office work?

This information is not specified in the job description.

What is the salary or compensation for the Senior Accountant I role?

This information is not specified in the job description.

What key skills are required for this Senior Accountant position?

Key skills include maintaining accurate accounting records, reconciliation of complex accounts, knowledge of Generally Accepted Accounting Principles (GAAP), process improvement, and providing guidance to less experienced staff.

What does the team structure look like for this role?

The role involves providing guidance to less experienced staff accountants, allocating and reviewing their work, setting department objectives, and developing cross-training programs.

What makes a strong candidate for this Senior Accountant I position?

Strong candidates have experience with complex accounting projects, month-end closing, GAAP compliance, process optimization using technology, and leadership in guiding junior staff.

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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