Senior Manager, Financial Services Accounting at Capital One

Richmond, Virginia, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Banking, Auto FinanceIndustries

Requirements

Bachelor's degree or military experience
At least 7 years of experience in accounting, external reporting, audit, finance, or a combination
At least 2 years of experience managing monthly financial close processes
At least 1 year of people management experience
Preferred: Certified Public Accountant (CPA)
Preferred: At least 3 years of experience in banking or in the financial services industry
Preferred: At least 2 years of people management experience

Responsibilities

Lead a team of motivated associates responsible for accurate accounting and financial reporting of Financial Services results
Actively support training, development, and evaluation of associates to create a high-performing, cohesive team
Present monthly, quarterly and annual analysis of Financial Services results to Controllers leadership, focusing on explaining key drivers of periodic changes and differences to expectations
Develop deep subject matter expertise in technical accounting aspects of auto lending and consult with Line of Business, Financial Planning, Policy, and other internal partners on how accounting treatment impacts financial reporting
Partner with the Financial Services agile team on new business initiatives, projects, and acquisitions
Oversee well-managed journal entry and reconciliation processes, assisting with direct review of these areas when necessary
Review and maintain supporting documentation to substantiate information included in SEC filings and regulatory disclosures
Provide technical support on accounting disclosure issues to ensure compliance with U.S. GAAP, SEC regulations and regulatory requirements
Lead the team to address internal audit reviews, regulatory exams and SOX compliance
Implement appropriate risk management of processes, procedures and standards while incorporating updates as a result of changing business factors
Identify and drive opportunities to centralize, eliminate, automate or outsource activities in a scalable, sustainable and standardized manner

Skills

Key technologies and capabilities for this role

Financial ReportingAccounting PrinciplesTechnical AccountingAuto LendingJournal EntriesAccount ReconciliationsFinancial AnalysisLeadershipTeam ManagementTraining and DevelopmentAgile Methodologies

Questions & Answers

Common questions about this position

What are the basic qualifications for this Senior Manager role?

Candidates need a Bachelor's degree or military experience, at least 7 years in accounting, external reporting, audit, finance or a combination, 2 years managing monthly financial close processes, and 1 year of people management experience.

What is the salary or compensation for this position?

This information is not specified in the job description.

Is this role remote or does it require office work?

This information is not specified in the job description.

What kind of team leadership is expected in this role?

You will lead a team of motivated associates, support their training and development, evaluate performance to build a high-performing team, and act as a team player and leader who empowers and inspires others.

What makes a strong candidate for this Senior Manager position?

Strong candidates are self-starters who improve processes, embrace new technologies, have great attention to detail for in-depth analysis, deep expertise in technical accounting like auto lending, and experience with U.S. GAAP, SEC regulations, and people management.

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

Senior Manager, Financial Services Accounting at Capital One

Requirements

Responsibilities

Skills

Questions & Answers

Capital One

About Capital One

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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