The Senior Accountant will be responsible for the preparation of accounting entries and reporting schedules under US GAAP, IFRS, German accounting standards and Regulatory standards for derivatives including hedge accounting, Long Term Debt, and Preferred Stock. This individual will develop extensive operational knowledge and provide subject matter expertise in the area of accounting related to the products which include:

- Preferred Stock

- Derivatives Non Hedging - Long Term Debt

- Derivatives Hedging

- FX swaps - Fair value Hedges - Interest rate Swaps (IRS), FX Forwards

- Options - Cash Flow Hedges - Cross Currency Swaps, IRS

- Futures - Net Investment Hedges - FX Forwards

- Stable Value WRAP

In addition to Business As Usual (BAU) responsibilities as described above, this role will identify opportunities for standardization, and automation efforts.

Responsibilities & Tasks Include:

Business As Usual (BAU) Activities:

- Develop the team to adopt - owner's mind set-, work independently, and effectively manage timelines

- May be required to provide accounting analyses or research on critical and complex issues which may include variance analysis of accounting transactions related to the products supported.

- Develop subject matter expertise in all aspects of the products under responsibility including operational aspects of a particular accounting transaction.

- Participate in or manage function specific projects as needed

- Ensure high quality and completion of deliverables within the committed timeframe. Team deliverables revolve around;

Daily:

- Monitor deposit hedge, prepare manual journal entries and hedge designation summary

- Reconcile Summit derivatives market value to general ledger

- Reconcile the initial margin, variation margin, interest and fees for the derivatives traded with the central clearing house, CME, through the broker to general ledger and prepare manual reclass journal entries as necessary

Weekly:

- Review off-book currency manual journal entries prepared by JV

- Prepare Regulatory reporting for FR2644

Monthly:

- Coordinate month-end close including prepare manual journal entries and export accounting system reports

- Review/Prepare account reconciliations and certification

- Prepare hedge inventory

- Perform hedge effectiveness testing

- Process Servicing Fee Invoice

Quarterly:

- Prepare Regulatory, SEC, and Internal reporting

- Perform CCAR CFO attestation control testing

- Process Intercompany Tax Settlements

- Perform SOX control testing

- Review Operating Cash Inventory

Annual:

- Process Trustee Fee Payments

- Calculate Management Fees

Ad-Hoc:

- Prepare hedge designation summary

- Prepare and update process narratives/procedures and flow charts

- Response to internal and external requests including variance analysis and inquires

- Participate in Ad Hoc projects and new transactions

- General ledger account requests

- Accounting systems maintenance and upgrade

- Responsibility for ongoing process improvements

- Assist in implementation of the GAO process re-engineering and automation efforts

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