Title: Business Unit Sr Acctg Mgr
Location: CALIFORNIA-LOS ANGELES
%3CDIV STYLE=%22font-weight: bold; text-align: center%22%3EBusiness Unit Senior Accounting Manager%3C/DIV%3E%0A%3CDIV%3E%26nbsp;%3C/DIV%3E%0A%3CDIV%3E%26nbsp; %3CI%3EHeadquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of %2480.6 billion at March 31, 2011. Its primary subsidiary, Union Bank, N.A., is a full-service commercial bank providing an array of financial services to individuals, small businesses, middle-market companies, and major corporations. The bank operated 401 banking offices in California, Washington, Oregon and Texas, as well as two international offices, on March 31, 2011. UnionBanCal Corporation is a wholly-owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd., which is a subsidiary of Mitsubishi UFJ Financial Group, Inc. Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG, NYSE:MTU), one of the world%26#39;s largest financial organizations. Visit %3CA HREF=%22http://www.unionbank.com/%22%3Ewww.unionbank.com%3C/A%3E for more information.%3C/I%3E %3C/DIV%3E%0A%3CDIV%3E%26nbsp;%3C/DIV%3E%0A%3CDIV%3E%26nbsp;%3C/DIV%3E%0A%3CDIV%3EInvest in your career. Invest in your future.%3C/DIV%3E%0A%3CDIV%3E%26nbsp;%3C/DIV%3E%0A%3CDIV%3EAt Union Bank, our people are our greatest asset. We are one of the largest banks in California with a longstanding reputation for professional training and career development. In addition to investing in our employees, Union Bank has established a generous community reinvestment program that works to uplift communities and watch them grow. We invest in a diverse workforce as our employees come from many different backgrounds, bringing with them different experiences and perspectives.%3C/DIV%3E%0A%3CDIV%3E%26nbsp;%3C/DIV%3E%0A%3CDIV%3EBecome part of a team where community, diversity, and exceptional service are part of everyone%26#39;s job. Invest in you!%3C/DIV%3E%0A%3CDIV%3E%26nbsp;%3C/DIV%3E%0A%3CDIV%3E%26nbsp;%3C/DIV%3E%0A%3CDIV STYLE=%22font-style: italic; font-weight: bold%22%3EJob Summary:%3C/DIV%3E%0A%3CDIV%3E%26nbsp;%3C/DIV%3E%0A%3CDIV%3EReporting to the Global Capital Markets (GCM) and Treasury Controller, the Business Unit Senior Accounting Manager works with a dynamic team responsible for diverse and complex accounting and managing a small team specifically focused on accounting within Union Bank%26#39;s Corporate Treasury group. This role will interact regularly with the Corporate Treasury CFO, Treasurer, and Portfolio Managers and will be seen as a key component of the Treasury team.%26nbsp; This includes reporting requests, identification and escalation of significant or unusual transactions to Corporate Accounting, advising business line management on new products or transactions, as well as assisting with SOX, regulatory exams, and internal and external audits.%26nbsp; The role will have a very heavy emphasis on investments, derivatives, and funding and will interact directly with business unit management and portfolio managers covering these complex areas.%3C/DIV%3E%0A%3CDIV%3E%26nbsp;%3C/DIV%3E%0A%3CDIV%3E%26nbsp;%3C/DIV%3E%0A%3CDIV STYLE=%22font-style: italic; font-weight: bold%22%3EMajor Responsibilities:%3C/DIV%3E%0A%3CDIV%3E%26nbsp;%3C/DIV%3E%0A%3CDIV%3E40%25%20-%26nbsp;%26nbsp; Business Unit Liaison:%26nbsp; Identify significant and unusual accounting and reporting issues within the business units and propose solutions to the Line of Business Controller.%26nbsp; Keep business unit accounting and reporting processes current to meet ongoing and new requirements as mandated by Corporate Controller%26#39;s.%26nbsp; Review and approve all new products and requests for new G/L accounts and RCs prior to them being forwarded to Corporate Controller%26#39;s.%26nbsp; Keep Line of Business Controller advised of emerging risks and other issues that may have accounting and reporting consequences. Work closely with business unit risk managers and business unit finance staff to share information and identify issues.%26nbsp; Review business requirements for new or modified systems which have accounting or financial reporting impacts.%3C/DIV%3E%0A%3CDIV%3E%26nbsp;%3C/DIV%3E%0A%3CDIV%3E15%25%20-%26nbsp;%26nbsp; Month-End Close and Financial Reporting:%26nbsp; Research and provide variance explanations in support of the month-end close.%26nbsp; Discuss results with business unit managers and coordinate the gathering of information for SEC reporting, regulatory reporting, management reporting, and tax filings.%26nbsp; Review and certify SEC reports.%26nbsp;%3C/DIV%3E%0A%3CDIV%3E%26nbsp;%3C/DIV%3E%0A%3CDIV%3E15%25%26nbsp; - Hedge Accounting - work with strategy manager, BUC team and external audit to ensure compliance with hedge accounting rules. Own and maintain hedge documentation and effectiveness testing process. Advise on accounting implications of strategies as appropriate.%3C/DIV%3E%0A%3CDIV%3E%26nbsp;%3C/DIV%3E%0A%3CDIV%3E15%25%20-%26nbsp;%26nbsp; Advisory %26amp; projects: Advise business unit accounting staff on accounting and reporting matters. Interpret Union Bank Accounting Policy Manual %26amp; assist in writing unit specific accounting guidebooks. Keep business unit management advised of significant accounting and reporting issues. Facilitate communications and run projects as required to ensure accurate accounting results.%3C/DIV%3E%0A%3CDIV%3E%26nbsp;%3C/DIV%3E%0A%3CDIV%3E15%Responsible for directly supervising staff, including interviewing, hiring staff and the termination of staff; recommending salary changes, job promotions; setting work hours, conducting counseling /performance reviews, and planning of the staff %27s work. Responsible for ensuring staff comply with all wage and hour regulations.%26nbsp; Provide direction and guidance to staff and resolve questions. Provide training to staff and conduct meeting to inform employees of new developments or work procedures. Establish employee%27s goals and objectives. Create the standards and guidelines, procedures/processes for the department. Recommend methods to improve the efficiency of the staff.%26nbsp;%3C/DIV%3E
%3CDIV%3E%26nbsp;%0A%0A%3CDIV%3E%26nbsp;%26nbsp;%26nbsp;%26nbsp;%26nbsp;%26nbsp;%26nbsp;%26nbsp; Minimum 8-10 years experience combining public and private accounting experience.%26nbsp; At least 5 years of which are in a banking, asset management or capital markets environment.%3C/DIV%3E%0A%3CDIV%3E%26nbsp;%3C/DIV%3E%0A%3CDIV%3E%26nbsp;%26nbsp;%26nbsp;%26nbsp;%26nbsp;%26nbsp;%26nbsp;%26nbsp; Excellent communication and management skills that allow for managing staff, building and maintaining client relationships with business unit managers, and executing on key initiatives.%26nbsp;%3C/DIV%3E%0A%3CDIV%3E%26nbsp;%3C/DIV%3E%0A%3CDIV%3E%26nbsp;%26nbsp;%26nbsp;%26nbsp;%26nbsp;%26nbsp;%26nbsp;%26nbsp; Requires the requisite accounting skills (CPA or ACCA) and experience needed in a complex financial services organization including financial reporting, accounting policy, internal controls, systems implementations, change management, G/L close and other general accounting processes. %26nbsp;MBA and/or CFA a plus.%3C/DIV%3E%0A%3CDIV%3E%26nbsp;%3C/DIV%3E%0A%3CDIV%3E%26nbsp;%26nbsp;%26nbsp;%26nbsp;%26nbsp;%26nbsp;%26nbsp;%26nbsp; Demonstrable experience with Treasury products (including structured securities and derivatives) required. Knowledge of and experience with hedge accounting strongly preferred.%3C/DIV%3E%0A%3CDIV%3E%26nbsp;%3C/DIV%3E%0A%3CDIV%3EPosition located in Los Angeles%3C/DIV%3E%0A%3CDIV%3E%26nbsp;%3C/DIV%3E%0A%3CDIV%3EThe 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.%3C/DIV%3E%0A%3CDIV STYLE=%22font-style: italic%22%3EUnion Bank is committed to leveraging the diverse backgrounds, perspectives, and experiences of our workforce to create opportunities for our people and our business.%26nbsp; EOE. M/F/D/V%3C/DIV%3E%0A%3C/DIV%3E
