Director, Financial Reporting and SOX Compliance


Company:: Farm Credit Bank of Texas
Location:: Austin, TX
Job Type:: Full Time
Category:: Accounting


Posted:: 2/10/2013

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Job Description

Established in 1916, the cooperatively owned bank is part of the Farm Credit System, the nation's largest source of financing for agriculture and rural America.

Essential Functions: Assists the Controller with the direction of the organization's reporting and Sarbanes-Oxley compliance functions. Areas of focus include support of financial and regulatory reporting, District accounting practices, financial systems implementation and Information Technology (IT) accounting and Sarbanes-Oxley compliance. Directly supervises managers of financial reporting and IT accounting and Sarbanes-Oxley compliance (2 positions) in Bank Accounting and Reporting department.

• Oversees the preparation of the internal and external financial statements and reports for Farm Credit Bank of Texas ensuring their compliance with GAAP. Provides assistance in preparing and reviewing reports, which include, but are not limited to: FCBT Board Reports, the quarterly District Financial Variance Report, FCBT and the District's quarterly and annual stockholder reports, FCBT's CALL report and the Associations' quarterly and annual stockholder report and other regulatory reports on an as needed basis.

• Writes disclosures for FCBT and the District's annual reports.

• Analyzes emerging accounting principles and regulatory standards to ensure compliance in this area. Coordinates and monitors these principles and standards and their impact upon the District's financial applications systems.

• Provides oversight to financial reporting area with other financial system reports as well as patronage and stock equalization calculations to Bank's patrons and stockholders.

• Oversees Sarbanes-Oxley compliance of Bank and provides direction to Associations with their own compliance requirements.

Requirements: Bachelor's degree or equivalent in Accounting, Business or Finance and ten (10) or more years of work experience in financial reporting, financial analysis, and loan accounting operations for a financial institution. CPA certification required. Experience should demonstrate ability to resolve progressively more complex issues and to direct staff resources. Farm Credit experience or advanced degrees are desirable.

Proven abilities related to accounting, financial analysis, financial statement presentation, management and decision-making. Must possess an understanding of and have the ability to apply generally accepted accounting principles (GAAP) and corporate income tax. Problem solving, independent work and organizational skills are essential. Excellent oral and written communication skills are required, including the ability to interact with internal management and outside regulators.

To apply for this position please go to farmcreditbank.com under "CAREERS" and complete the online application.

AA/EOE/M/F/D/V

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