Senior Accounting Manager 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. MBA and/or other certification (CPA, CMA, etc.) strongly preferred
Minimum of 10 years accounting experience

Responsibilities

Manages team(s) to ensure the effective completion of the team’s operational objectives
Benchmarks the performance of team against established targeted proficiency levels
Measures the team’s employees by establishing performance standards and comparing actual performance against those standards
Manages the staffing, performance plans and salary administration for the team’s employees
Manages the maintenance of complex accounting records and the performance of all related accounting functions for the team
Ensures the team’s compliance with established schedules/operational objectives that are associated with the month-end closing process
Prepares various management reporting associated with the team’s responsibilities (appropriation reporting, T&E reporting, OTTI reporting, etc.)
Manages the preparation of daily entries, monitoring of accounts, and maintenance of account balances
Manages the preparation of monthly financial statements
Ensures the team’s compliance with the Bancorp financial controls policies including reconciliations
Promotes continuous improvement and searches for process improvements to be leveraged by the team
Leverages technology to enhance efficiency and productivity
Identifies opportunities to improve the accounting processes
Identifies technical accounting issues in the team’s area of responsibility, ensures consultation with appropriate resources in the Accounting Risk and Policy Group, and resolves issues timely
Performs special accounting projects associated with the team’s responsibilities
Manages team assignments associated with Bancorp acquisitions, divestitures and systems conversions
Responds to inquiries from auditors, regulators and management associated with the team’s area of responsibility
Establishes & fosters working relationships with peers and management within customer and functional areas including LOBs and Bancorp Finance
Provides employees timely, candid and constructive performance feedback; develops employees to their fullest potential; provides challenging opportunities for career growth; develops talent pool for bench strength and succession planning; recognizes and rewards accomplishments
Directly manages accounting staff and/or accounting managers and supervisors

Skills

Key technologies and capabilities for this role

AccountingFinancial StatementsMonth-End ClosingManagement ReportingTeam ManagementRisk ManagementCompliancePerformance ManagementLOB AccountingShared Services

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 salary or compensation details are provided for this role?

This information is not specified in the job description.

What are the key skills or experiences required for the Senior Accounting Manager role?

The role requires experience managing functional accounting teams, maintaining complex accounting records, ensuring compliance with financial controls and month-end closing processes, and handling technical accounting issues and special projects.

What does the company culture emphasize for this position?

The culture emphasizes accountability for risk management, doing the right thing for customers and colleagues, promoting continuous improvement, leveraging technology for efficiency, and maintaining compliance with financial controls.

What makes a strong candidate for this Senior Accounting Manager position?

Strong candidates have experience managing accounting teams, achieving operational objectives, handling month-end closes, preparing financial statements and reports, and driving process improvements.

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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