Job Description:

Role Summary/Purpose:

This role is responsible for certain of Synchrony Financial’s general accounting activities, Regulation W / legal entity accounting, and retail deposits accounting. Regulation W/ legal entity accounting includes monitoring intercompany activity, ensuring Synchrony Bank is in compliance with sections 23A and 23B of Regulation W, and FR Y-8 regulatory reporting. General accounting responsibility includes intercompany accounting and securitization trusts. Retail deposits includes accounting processes for Synchrony’s retail deposits portfolio. This role will supervise a team of professionals. In this role, you will gain accounting, regulatory, reporting, project management, financial close, and senior leader interaction experience.

We’re proud to offer you choice and flexibility. You have the option to be remote, and work from home, or come into one of our offices. You may be occasionally requested to commute to our nearest office for in person engagement activities such as team meetings, training and culture events.

Essential Duties & Responsibilities:

Oversight of general accounting functions including securitization trusts and intercompany accounting including:

• Responsibility for maintaining a thorough understanding of the end to end business processes for these areas including transaction flows, key systems and activity sources which impact general ledger accounts.

• Ensure process documentation is accurate and comprehensive including, but not limited to job aids, PRC, and RCSA.

• Ensuring appropriate internal controls over financial reporting are in place and documented appropriately in eGRC and are operating effectively.

• Oversight of accounting activities for securitization trusts including intercompany loan sales, TRL, ABS Suite activity (recoveries and gain rate), account additions, daily cash settlements, and VIE reporting pack.

• Oversight of SYF servicing of e*Trade trusts including investor reports and annual USAP audit.

• Ensure that all requirements of SYF accounting policies and procedures impacting these areas are met and transactions comply with applicable accounting guidance.

• Ensuring account reconciliations are being prepared in accordance with SYF’s Account Reconciliation Procedure.

• Lead simplification and process improvement initiatives in these areas.

Regulation W / legal entity accounting includes:

• Maintain Regulation W procedures ensuring compliance including ensuring internal control processes affecting Regulation W are well designed, maintained, documented, and working effectively.

• Identify affiliate and covered transactions.

• Ensure covered transactions are appropriately collateralized.

• 23A collateral monitoring and valuation.

• Design financial processes that align with new or amended contracts.

• Maintain affiliate servicing allocations between Synchrony Financial’s subsidiaries.

• Report, track and monitor Regulation W exceptions and issues.

• Partner with cross-functional teams to prepare management and regulatory reporting of affiliate transactions (FR Y-8).

• Communicate and interact with senior leaders of the organization Regulation W related matters.

Retail deposits accounting includes:

• Drive accounting simplification and automation of retail deposit processes.

• Management of retail deposit accounting including cash-in-transit, retail deposit balancing & reconciliation, FISERV suspense and issue resolution coordination, daily balancing, M/E Rec, Tax Reporting.

• Support retail deposit projects; Support Annual ACH Audit and NACHA compliance.

• Oversight of secured card accounting processes including balancing and reconciliations.

• Perform other duties and/or special projects as assigned.

Qualifications/Requirements:

• Bachelor’s degree in Accounting, Finance or related Business area and 8 years of accounting/finance experience

• In lieu of a degree, 12 years of accounting/finance experience

• Process/quality improvement experience – develop and implement new processes, improve existing routines

Desired Characteristics:

• Demonstrated leadership with the ability to successfully manage multiple priorities in a high-speed, quickly changing business environment

• Certified Public Accountant

• Demonstrated project management skills - leading multiple projects & driving each to completion

• Strong background in accounting practices and procedures

• Strong Microsoft Office skills

• Strong project management skills

• Proven ability to work independently and meet deadlines

• Experience working in a fast-paced, changing environment

• Strong communication skills (oral & written)

• Strong analytical and problem solving skills

• Strong organizational/self-motivation skills

Grade/Level: 12

The salary range for this position is 110,000.00 - 185,000.00 USD Annual and is eligible for an annual bonus based on individual and company performance.

Actual compensation offered within the posted salary range will be based upon work experience, skill level or knowledge.

Salaries are adjusted according to market in CA, NY Metro and Seattle.

Eligibility Requirements:

• You must be 18 years or older

• You must have a high school diploma or equivalent

• You must be willing to take a drug test, submit to a background investigation and submit fingerprints as part of the onboarding process

• You must be able to satisfy the requirements of Section 19 of the Federal Deposit Insurance Act.

• New hires (Level 4-7) must have 9 months of continuous service with the company before they are eligible to post on other roles. Once this new hire time in position requirement is met, the associate will have a minimum 6 months’ time in position before they can post for future non-exempt roles. Employees, level 8 or greater, must have at least 18 months’ time in position before they can post. All internal employees must consistently meet performance expectations and have approval from your manager to post (or the approval of your manager and HR if you don’t meet the time in position or performance expectations).

Legal authorization to work in the U.S. is required. We will not sponsor individuals for employment visas, now or in the future, for this job opening. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status. 

Our Commitment:

When you join us, you’ll be part of a diverse, inclusive culture where your skills, experience, and voice are not only heard—but valued. We celebrate the differences in all of us and believe that our individual, unique perspectives is what makes Synchrony truly a great place to work. Together, we’re building a future where we can all belong, connect and turn ideals into action. Through the power of our 8 Diversity Networks , with more than 60% of our workforce engaged, you’ll find community to connect with an opportunity to go beyond your passions.

This starts when you choose to apply for a role at Synchrony. We ensure all qualified applicants will receive consideration for employment without regard to age, race, color, religion, gender, sexual orientation, gender identity, national origin, disability, or veteran status.

Reasonable Accommodation Notice:

• Federal law requires employers to provide reasonable accommodation to qualified individuals with disabilities. Please tell us if you require a reasonable accommodation to apply for a job or to perform your job. Examples of reasonable accommodation include making a change to the application process or work procedures, providing documents in an alternate format, using a sign language interpreter, or using specialized equipment.

• If you need special accommodations, please call our Career Support Line so that we can discuss your specific situation. We can be reached at 1-866-301-5627. Representatives are available from 8am – 5pm Monday to Friday, Central Standard Time

Job Family Group: