Senior Accountant, Accounting Operations
OppFiSalary not specified
Full Time
Senior (5 to 8 years)
Senior Associate, Accounting - Allowance for Credit Losses Governance and Change Management at Capital One
McLean, Virginia, United States
Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Banking, Financial ServicesIndustries
Requirements
- Bachelor’s degree or military experience
- At least 1 year of experience in accounting, external financial reporting, audit, or finance, or a combination
- At least 1 year of experience with Google Office or Microsoft Office products, or a combination
- Preferred Qualifications
- Certified Public Accountant (CPA) license
- At least 2 years of experience in accounting, external financial reporting, audit, or finance, or a combination
- Experience with Accounting Systems such as Peoplesoft, SAP or Oracle Financials
- Experience with reporting systems such as Onestream, Tableau, Google Data Studio
Responsibilities
- Coordinate and facilitate governance and change management activities across multiple lines of business, including Credit Risk Management, Finance and Effective Challenge functions
- Develop effective cross-functional relationships and understand stakeholder needs to drive an efficient and effective governance process
- Provide challenge and oversight of critical assumptions used to inform the Allowance and ensure compliance with Accounting and Regulatory requirements
- Contribute to the preparation of key documentation used to socialize Allowance recommendations and results to senior leadership
- Prepare impactful analysis on ACL metrics for executive leadership
- Support governance process enhancements as needed to appropriately address business and strategy changes, including portfolio and business acquisitions, and enterprise initiatives
- Lead process improvement initiatives and projects to reduce risk
- Execute SOX controls within the ACL process
- Support ACL compliance activities for management, internal audit and external audit groups
- Support activities conducted throughout the enterprise on behalf of Credit Accounting
Skills
Key technologies and capabilities for this role
Questions & Answers
Common questions about this position
What are the basic qualifications for this Senior Associate role?
Candidates need a Bachelor’s degree or military experience, at least 1 year of experience in accounting, external financial reporting, audit, or finance (or a combination), and at least 1 year of experience with Google Office or Microsoft Office products (or a combination).
What preferred qualifications will make me stand out for this position?
Preferred qualifications include a Certified Public Accountant (CPA) license, at least 2 years of experience in accounting, external financial reporting, audit, or finance, experience with accounting systems like Peoplesoft, SAP or Oracle Financials, and reporting systems such as Onestream, Tableau, or Google Data Studio.
What is the work environment like at Capital One for this role?
The role offers a collaborative environment where contributions are recognized and rewarded, with work-life balance, opportunities for individual contributions, professional growth into leadership, and personal fulfillment in a dynamic, progressive organization.
Is the salary range specified for this Senior Associate position?
This information is not specified in the job description.
What kind of experience makes a strong candidate for this ACL Governance role?
Strong candidates have accounting or finance experience, the ability to work well in teams, develop new ideas, take ownership of projects, build cross-functional relationships, and handle complex governance and change management activities.
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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