Senior Associate, Accounting at Capital One

McLean, Virginia, United States

Capital One Logo
Not SpecifiedCompensation
Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Services, BankingIndustries

Requirements

  • Bachelor’s degree or military experience
  • At least 2 years of experience in accounting, OR finance, OR a combination
  • Preferred: 3+ years of experience in accounting
  • Preferred: 2+ years of experience in financial services
  • Preferred: 1+ year of experience analyzing data with Python, or SQL, or Tableau, or a combination
  • Preferred: 1+ year of experience with Oracle PeopleSoft Financials, or SAP, or Workday Financials or a combination
  • Preferred: 1+ year of experience working with SimCorp in an accounting capacity
  • Preferred: Master’s Degree in Business Administration (MBA) or Master’s Degree in Accounting
  • Preferred: Chartered Financial Analyst (CFA) license or Certified Public Accountant (CPA) license

Responsibilities

  • Manage monthly close activities related to derivatives activities and present month-end results to management
  • Identify and drive opportunities to centralize, eliminate, automate or outsource activities
  • Perform ad-hoc business analysis on portfolios to identify variances / trends to communicate to management and business partner team(s)
  • Partner with Capital Markets teams to develop and assess overall hedging strategies
  • Perform technical research on treasury accounting issues and prepare write-ups; draft and/or review treasury-related information in the 10-K, 10-Q, earnings release and other regulatory filings for accuracy. Ensure compliance with US GAAP, SEC regulations and other regulatory guidance
  • Partner with project management and business partner teams, to design and implement new business products, program initiatives, system upgrades and process improvements
  • Support coordination of internal audit review and SOX compliance
  • Ad-hoc requests and special projects

Skills

Key technologies and capabilities for this role

AccountingTreasury AccountingUS GAAPSEC RegulationsDerivativesMonthly ClosePythonSQLFinancial AnalyticsHedging StrategiesTechnical ResearchProcess AutomationBusiness Analysis

Questions & Answers

Common questions about this position

What is the salary range for this Senior Associate, Accounting position?

The minimum and maximum full-time annual salaries for this role are listed below, by location, though specific figures are not provided in the description.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What skills are required for this Senior Associate role?

Basic qualifications include a Bachelor’s degree or military experience and at least 2 years of experience in accounting, finance, or a combination. Preferred skills include 3+ years in accounting, 2+ years in financial services, 1+ year analyzing data with Python, SQL, or Tableau, experience with Oracle PeopleSoft, SAP, Workday, or SimCorp, and an MBA, Master's in Accounting, CFA, or CPA.

What is the company culture like for this Treasury Accounting team?

The team operates in a collaborative environment that values insights, encourages taking on new responsibilities, promotes continuous learning, and rewards innovation.

What makes a strong candidate for this Senior Associate position?

Strong candidates will have 3+ years of accounting experience, financial services background, data analysis skills with Python/SQL/Tableau, ERP system experience like Oracle PeopleSoft or SAP, and advanced credentials like CPA, CFA, or MBA.

Capital One

Offers diverse financial products and services

About Capital One

Capital One provides a variety of financial services aimed at making banking accessible and easy for everyone. The company offers products such as credit cards, savings accounts, car loans, and business checking accounts, catering to both individual consumers and small businesses primarily in the United States. Capital One's approach includes user-friendly banking solutions with no fees or minimums for checking accounts, allowing customers to manage their finances more effectively. They generate revenue through interest on loans, credit card fees, and investment banking services. What sets Capital One apart from its competitors is its strong commitment to financial inclusion and literacy, demonstrated through community partnerships and educational initiatives, such as collaborations with Khan Academy. The company's goal is to create a more inclusive financial system and empower customers with the knowledge and tools they need to make informed financial decisions.

McLean, VirginiaHeadquarters
2014Year Founded
$15.9MTotal Funding
IPOCompany Stage
Fintech, Financial ServicesIndustries
10,001+Employees

Benefits

Medical, Dental, & Vision coverage
Onsite Health Centers
Prescription saving with network of local pharmacies
Stock Purchase Plan
Education Assistance
401(k)
Flexible Spending Accounts
Life and Disability insurance
Generous paid time off + corporate & floating holidays
Registered dieticians on site, cooking classes and free virtual fitness classes
Employee Assistance Program

Risks

Increased competition in subscription management tools may dilute Capital One's advantage.
Over-reliance on partnerships could expose Capital One to technological risks.
Departure of key personnel like Joe Rodriguez may affect risk management continuity.

Differentiation

Capital One offers user-friendly banking with no fees or minimums for checking accounts.
The company partners with Khan Academy to provide financial literacy education.
Capital One is the first major U.S. bank to offer subscription management tools.

Upsides

Capital One's mobile app is a model for secure, user-friendly digital banking.
Data sharing with Worldpay enhances payment security and fraud prevention.
Partnerships with fintechs like Minna Technologies improve customer experience.

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