Head of Corporate Accounting, Director
Mitsubishi UFJ Financial GroupDo you want your voice heard and your actions to count?
Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial groups. Across the globe, we’re 150,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.
With a vision to be the world’s most trusted financial group, it’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.
Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.
The selected colleague will work at an MUFG office or client sites four days per week and work remotely one day. A member of our recruitment team will provide more details.Job Summary:
The Corporate Accounting team is a key part of the Finance team at MUFG Securities Americas Inc. and is responsible for the maintaining MUSA's general ledger by ensuring that day-to-day accounting is performed, subledger feeds are processed and the ledger is in accordance with U.S. GAAP as well as ensuring all Head Office and external Financial Reporting is timely and accurate.
The role holder will have accountability for the direct management of the Corporate Accounting team including oversight of month end close processing, post close reporting, financial reporting, posting journal entries to Oracle general ledger as well as performing additional accounting procedures such as accounting policy analysis, automation of processes and ad-hoc project work.
Specific Responsibilities
Accounting Control and Financial Reporting
Accountability for management of Financial Accounting, Control and Reporting under JGAAP, USGAAP and IFRS for MUSA.
Responsibility for G/L processing (e.g. operating expenses / transfer pricing / daily journal entries)
Delivery of accurate, timely and insightful quarterly reports (e.g. Home Office consolidation package, SOX testing
Assess related risks and drive the enhancement and effective operation of key controls across departmental processes
Manage Month End closing process (e.g. Prepayments, Accruals, Fixed Assets, etc)
Monitor and maintain revenue/expense sharing agreements and associated journal entries.
Review reconciliations in Oracle ARCS tool and assist in expanding functionality.
Spearhead Finance improvement projects and assist with implementation.
Monitor intercompany balancing, reconciliation and invoicing.
Provision of Accounting Policy and Guidance under USGAAP and IFRS including liaison with Tokyo FAO where required.
Lead in business analysis, user acceptance testing and implementation of strategic system implementations and other firm-wide projects relating to financial reporting
Management and oversight
6-8 direct reports
Talent management to include recruitment, retention and development of staff to ensure individual and team performance in line with stakeholder expectations.
Maintaining and enhancing good working relationships with stakeholders, including business and control / infrastructure teams, auditors, regulators, local management and staff of the Finance function globally.
Leading projects and system enhancements as required, ensuring effective control and continuous process improvement.
Identification, escalation and resolution of issues regarding the department and related activities.
Ensure adherence to Policies and Procedures and that said documents are updated in accordance with review schedules and remain relevant in the context of business/market events.
Ensure adherence to relevant regulatory requirements and accounting standards.
Documentation of control activities and methodologies undertaken in respect of the above responsibilities to a standard sufficient to ensure hand over of tasks and auditability of results and including the management of operational risks.
Conducting analysis in support of the Finance function, whether through additional ad hoc tasks or presentation of written materials.
Qualifications:
BS/BA or MS/MBA in Accounting required.
FINRA Series 99 Strongly preferred – can be obtained after joining MUSA.
CPA Required
7-10 years of progressive accounting financial reporting experience in large, complex banking or financial institutions. Big 4 Public / Securities industry experience preferable.
Demonstrable leadership experience.
Identifies multiple paths to success using analytical and critical thinking as well as decision-making skills
Operates strategically to support a culture of continuous improvement and systems thinking
Makes sound business decisions in a complex work environment
Collaborates with other business functions and divisions to advance business objectives
Is flexible, decisive, and able to establish support from leadership
Strong technical accounting skills and understanding of US GAAP.
Demonstrable experience with complex broker dealer products (repos, derivatives, MBS, commercial paper, etc.) strongly preferred
Possess excellent communication skills and comfort interfacing with senior management.
Strong systems and product knowledge, securities industry knowledge a plus.
Proficiency in ERP systems and data analytics platforms. Experience with Oracle and Broadridge systems preferable.
The typical base pay range for this role is between $175k-$225k depending on job-related knowledge, skills, experience and location. This role may also be eligible for certain discretionary performance-based bonus and/or incentive compensation. Additionally, our Total Rewards program provides colleagues with a competitive benefits package (in accordance with the eligibility requirements and respective terms of each) that includes comprehensive health and wellness benefits, retirement plans, educational assistance and training programs, income replacement for qualified employees with disabilities, paid maternity and parental bonding leave, and paid vacation, sick days, and holidays. For more information on our Total Rewards package, please click the link below.
We will consider for employment all qualified applicants, including those with criminal histories, in a manner consistent with the requirements of applicable state and local laws (including (i) the San Francisco Fair Chance Ordinance, (ii) the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance, (iii) the Los Angeles County Fair Chance Ordinance, and (iv) the California Fair Chance Act) to the extent that (a) an applicant is not subject to a statutory disqualification pursuant to Section 3(a)(39) of the Securities and Exchange Act of 1934 or Section 8a(2) or 8a(3) of the Commodity Exchange Act, and (b) they do not conflict with the background screening requirements of the Financial Industry Regulatory Authority (FINRA) and the National Futures Association (NFA). The major responsibilities listed above are the material job duties of this role for which the Company reasonably believes that criminal history may have a direct, adverse and negative relationship potentially resulting in the withdrawal of conditional offer of employment, if any.The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.We are proud to be an Equal Opportunity Employer and committed to leveraging the diverse backgrounds, perspectives and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate on the basis of race, color, national origin, religion, gender expression, gender identity, sex, age, ancestry, marital status, protected veteran and military status, disability, medical condition, sexual orientation, genetic information, or any other status of an individual or that individual’s associates or relatives that is protected under applicable federal, state, or local law.