What are the responsibilities and job description for the Director of Accounting Policy/Technical Accounting position at Central Bancompany?
The Technical Accounting Manager is a critical member of the finance team, responsible for ensuring the company’s financial reporting complies with all relevant accounting standards and regulations. This role provides subject-matter expertise in complex accounting areas, leads the adoption of new accounting guidance, and partners with cross-functional teams to address technical accounting issues. The Technical Accounting Manager is also instrumental in driving process improvements and supporting audits and financial reviews.
Research and interpret accounting literature (e.g., US GAAP, IFRS) to provide guidance on complex transactions, including revenue recognition, business combinations, leases, equity, and financial instruments.
Assist in mergers and acquisitions (M&A) due diligence activities, including evaluation of target company accounting policies, identification of purchase accounting considerations, and support for asset and liability valuation analyses.
Lead the implementation of new accounting standards and communicate their impact to senior management and relevant stakeholders.
Prepare technical accounting memos and position papers to document the company’s positions on significant accounting issues.
Work closely with external auditors during quarterly reviews and annual audits, providing documentation and explanations as needed.
Collaborate with business units, legal, and operations to evaluate the accounting implications of new business initiatives, contracts, and transactions.
Maintain and update accounting policies and procedures to ensure compliance with current standards and best practices.
Support the preparation and review of SEC filings (e.g., 10-K, 10-Q) or other regulatory filings, ensuring accuracy and completeness of disclosures.
Identify opportunities for process improvements and automation to enhance the efficiency and accuracy of the accounting function.
Provide training and mentorship to accounting staff on technical topics and policy updates.