Financial Reporting Specialist I - Analyst

SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges.

In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization’s extensive global network. The Group’s operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC MANUBANK, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.

The anticipated salary range for this role is between $68,000.00 and $85,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.

Role Description

SMBC is seeking an Analyst position to work in the Bank Accounting Department located in Jersey City, NJ. This position will be responsible for SMBC Nikko Securities America, Inc, a registered broker dealer, which provides investment securities and other financial services to corporate and institutional clients, focusing on North America and Larin America. The Accounting team oversees financial reporting, regulatory reporting and management reporting functions. This position will perform reporting functions such as preparation of daily reports and reconciliations while also assisting the team with month end closing and audit support.

Reporting to the Executive Director of Accounting Group, this position will be responsible for various daily and monthly reporting functions. These functions include preparation of reports and reconciliations, monitoring suspense accounts, investigate and resolve breaks as required. This position will also be expected to assist the team in the month end close process and in external and internal audits. This position will be closely working with other departments within SMBC.

Responsibilities

• Act as the primary preparer of daily and monthly Trading P&L report. Work with other back-office groups to obtain support for the reported P&L amounts.
• Act as the primary preparer of GL to Subledger reconciliations. Investigate and resolve reconciliation breaks as required. This may include preparing correcting journal entries.
• Monitor suspense accounts daily. Notify and assist Operations to clear the suspense balances as required.
• Act as alternate prepare for other daily tasks such as preparation of Firm Inventory report and the review of estimate balance sheet report.
• Perform allocated month end tasks which includes preparing journal entries and GL account reconciliations.
• Prepare/update Accounting's Policy and Procedures related to the functions under ownership
• Assist the team in providing requested workpapers to internal and external auditors
  
  

Qualifications And Skills

• 1 to 2 years of comparable or relevant experience
• Broker dealer experience is a plus
• BA/BS required
• MA/MS/MBA preferred
• Microsoft Office Suite , Oracle Cloud GL Suite, Broadridge Impact, Alteryx
• Knowledge of accounting and financial reporting process
• Proficiency MS Office Suite (Word, Excel, Visio). Good knowledge in analytical tools such Alteryx and Power BI is preferred
• Strong analytic and problem solving skills; strong documentation skills; high level of urgency and deadline driven: attention to detail, accuracy and accountability
• Strong communication and interpersonal skills; possesses diplomacy and displays confidence
• A team member who is collaborative yet able to work independently
• Knowledge of Oracle GL suite is a strong plus
  
  

SMBC’s employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.

SMBC provides reasonable accommodations during candidacy for applicants with disabilities consistent with applicable federal, state, and local law. If you need a reasonable accommodation during the application process, please let us know at accommodations@smbcgroup.com.