Sumitomo Mitsui Banking Corporation (SMBC) Looking for Accounting Specialist II at New York, NY  Full Time

The Accounting Specialist II is responsible for all accounting and finance management issues for the SMFL construction, machine tool, transportation, IT/Syndication and other Japanese client business. Responsibilities include, but are not limited to, ensuring accuracy and completeness of financial books and records, performing monthly/quarterly closing, performing monthly GL account and process reconciliations, assisting with customer billing and customer payment applications in loan/lease accounting system and overall review of loan and lease transactions. Role also entails taking part in internal/external audits and maintaining compliance with company rules and regulations.

The anticipated salary range for this role is between $72,000 and $90,000. 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.

Responsible for all accounting and finance management issues for construction, machine tool, transportation, IT/Syndication and other Japanese client business such as daily journalizing, GL account and process reconciliations, assisting in customer invoicing/collection/payment applications related to loan and lease transactions, bank account reconciliations and system development and testing. This position will report directly to a Deputy General Manager in charge for Accounting and Tax, or Accounting and Tax Manager.

1. Review loan and lease transactions in SMFL, ensure accuracy and completeness of the financial books and records, perform monthly/quarterly closing, reporting to external and to Japan headquarters. Report to the manager of the Accounting Team.
2. Work closely with Credit, Leasing Operations, Marketing teams. Perform transaction analysis (Capital lease, Operating lease, Structured finance, GAAP analysis and documentation support/support).
3. Ensure compliance with internal policies and procedures.
4. Perform select GL account and process reconciliations as well as other duties as assigned and special projects when necessary
5. Assist in performing execution of wire disbursements for daily fundings.
6. Review Loan and lease transactions in the leasing system, executing any necessary restructure, termination and other contract revision.
7. Review and process expense (A/P) to supplier/vendors.
8. Check and update daily Cash Flow Management, plan and prepare necessaryborrowing and repayment, request quote for an indication rate when needed. Maintain borrowing records in Loan System and excel, ensure accuracy and completeness of the financial books.
9. Negotiate borrowing conditions and terms with banks, review and execute borrowing contracts, maintain available facilities.
10. Train and instruct junior staff during the course of day to day operation.
11. Perform other duties as assigned.

1. Working knowledge of U.S. Generally Accepted Accounting Principles (GAAP) required

2. Strong accounting and analytical skills required

3. Ability to balance and prioritize critical responsibilities to ensure all deadlines are met on a timely basis.

4. Highly detail-oriented with an aptitude and desire to learn new products, conduct research and display critical thinking and problem-solving skills.

5. Takes appropriate actions proactivelyand seeks advice and escalates issues related to compliance to management in a timely fashion.

6. Demonstrates a positive attitude and high ethical standards; able to work well in a team environment and is seen as a strong team player.