Consumer Lending Product/Specialty Controller - Staff/Sr. Accountant/Financial Analyst (CFO)

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:
 

This job is responsible for financial reporting for a line of business. Key responsibilities include understanding business processes, continuing to develop comprehensive knowledge of accounting activities and reviewing month-end close to accurately reflect business results. Job expectations include partnering with upstream and downstream stakeholders and possessing accounting and financial reporting knowledge.

The Consumer Secured Lending Controller team is part of Global Legal Entity Controller (GLEC) group which is responsible for legal entity controllership activities for the Americas which includes the U.S., Canada, Mexico, Brazil and Nobramex.  The Consumer Secured Lending Controller team is responsible for the accurate accounting and reporting of mortgage/vehicle lending charge-offs recorded in compliance with Generally Accepted Accounting Principles (GAAP) and regulatory guidelines.  The team also performs various accounting, analysis and reporting activities as part of the monthly accounting close as well as supporting the Banks regulatory reporting submissions by ensuring the data provided is complete and accurate in conformance with Federal Reserve Bank (“FRB”) and Office of the Comptroller of the Currency (“OCC”) instructions.  In addition, the team participates in a variety of data quality and data analysis routines to ensure the integrity of data residing in its financial accounting systems and two of the Banks Authorized Data Sources (BAC Mortgage Hub and BAC Vehicle Hub). The team is also involved in audits through interactions with regulators and auditors along with providing requested information and responding to questions.

Responsibilities:

• Ensures the ledger is accurate for a line of business line
• Adheres to accounting standards
• Partners with upstream and downstream stakeholders
• Comprehends business activities and how they influence accounting and reporting outputs

LOB Specific Responsibilities:

• Generates analytic tools to support the repossessed assets and reinstatement CVL activities (Gain on sale analysis, REPO Database)
• Responsible for the GRA FFIEC midmonth estimate, Frontier ADS reconciliation and working with GIRC on aged items and documentation
• Supports all mortgage collateral valuation activities including appraisal ordering, AVM, CSW outlier analysis and valuation decision making
• Compiles GRA Net Credit Loss midmonth estimate and month end deck and holds meetings with key stakeholders (Enterprise Credit Risk (ALLL & LOB risk processes), mortgage & CVL Credit Assistance (MVSO collections), Global Risk Analytics (loss forecasting)
• Participates in the monthly accounting close providing collateral valuations, equity analysis, O$ uploads, preparing analysis of high losses
• Support system fixes/enhancements by performing data validations, end user testing (UAT) and post release testing.
• Performs adhoc analysis using Microsoft SQL, generates research and provides solutions

Required Qualifications:

• Knowledge of mortgage and/or vehicle lending loan servicing and Loan/Lease accounting
• 2 years experience interpreting, classifying and analyzing data
• Strong analytical and problem-solving skills using Tableau, Alteryx, Microsoft Access, Management Studio, Oracle Toad
• Strong Microsoft Excel, Word and PowerPoint skills
• Knowledge of regulatory reporting requirements
• Familiarity with BAC applications (SAP, Oracle, CLEAR, Over$ight, BMH, MSP, IALS, SBO2K)
• Ability to work in a self-directed environment and communicate effectively across all levels of the organization.

Desired Qualifications:

• Knowledge of SQL
• Degree in Accounting/Finance/Computer Science

• Financial Institution experience

Skills:

• Financial Accounting
• Financial Analysis
• Reporting
• Stakeholder Management
• Attention to Detail
• Data Quality Management
• Written Communications
• Advisory
• Continuous Improvement

Shift:

1st shift (United States of America)

Hours Per Week: 

40