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Assistant Controller – lead finance ops & compliance at Raymond James in Pittsburgh, PA.
Manage GAAP accounting, loan and derivative reporting, internal controls, and team leadership.
Job Description Summary
Lead the process of setting business targets and monitoring business performance, advise on the financial consequences of major decisions, lead the process of reporting financial and managerial data, and make recommendations targeted at improving and safeguarding financial results.
Job Description
Position Summary
The Assistant Controller plays a critical leadership role within the Finance organization, supporting the Controller in overseeing the bank’s accounting operations, and control environment and to a lesser degree financial reporting and regulatory compliance. This role is responsible for ensuring accurate, timely, and GAAP-compliant financial statements while managing accounting areas specific to the banking industry, including loan accounting, allowance for credit losses, derivatives, investment securities, and reporting results to the parent company.
On occasion, this role may include taking on certain responsibilities within the reporting team and work on certain deliverables related to regulatory filings, deliverables for the parent company and segments of the annual financial statements.
The Assistant Controller will also provide leadership and guidance to accounting team members and assist with process improvements to strengthen efficiency and effectiveness across the accounting functions.
Key Responsibilities
Financial Close Process & Accounting Operations
Lead and manage the monthly, quarterly, and annual financial close processes, ensuring accuracy, completeness, and timeliness
Manage day-to-day accounting operations, including general ledger, accounts payable, fixed assets, accruals, prepaids, and reconciliations.
Review and approve journal entries, account reconciliations, and financial analyses prepared by the accounting team
Support the preparation and review of financial disclosures, in conjunction with other team members, for the parent company (SEC) regulatory filings, board materials, and internal management reporting
Oversee the activities of the disbursement department, ensuring the accurate and timely processing of accounts payable, core employee expense reports, and cash movement and control,
Assistance and participation in the preparation of the budget and financial forecasts and reporting on and understanding variances.
Banking-Specific Accounting & Technical Oversight
Oversee accounting for loans, deposits, allowances for credit losses (CECL), investments, derivatives, equity method investments, and fair value measurements
Serve as a technical resource on accounting matters and work with the others in the department as well as the parent company, as needed, assist with the evaluation and documentation of accounting conclusions for new products, transactions, and accounting standard changes (ASC updates)
Monitor emerging accounting guidance and assess impacts on the bank’s financial information, general ledger and internal controls
Internal Controls & SOX Governance
Maintain a strong internal controls in compliance with SOX, FDICIA, and other regulatory requirements
Partner with Internal Audit and Risk Management to remediate control deficiencies and support audits
Ensure proper design, documentation, testing, and remedy of accounting and financial reporting controls
With others, support management’s assessment of internal control over financial reporting (ICFR)
Team Leadership & Development
Manage, mentor, and develop team members
Establish clear performance expectations, promote accountability, and support professional growth
Drive improvements in accounting processes, documentation, and standard operating procedures
Foster a culture of continuous improvement, compliance, and collaboration
Systems, Data & Process Improvement
From time to time. partner with IT and Finance leadership on system implementations, upgrades, and automation initiatives
Identify opportunities to streamline processes, improve data integrity, and enhance reporting efficiency
Strategic & Cross-Functional Collaboration
Provide variance analysis and financial insights for senior leadership
Assist Finance leadership with board presentations, strategic initiatives, and ad hoc analyses
Qualifications
Education & Certifications
Bachelor’s degree in Accounting, Finance, or related field (required)
CPA certification strongly preferred
MBA or Master’s in Accounting a plus, but not required
Experience
6 to 10 years of progressive accounting experience, including leadership roles
Prior experience within banking or financial services required
Strong background in GAAP, bank systems, regulatory and external reporting, and internal controls for financial institutions
Experience working with external auditors and regulatory examiners
Skills & Competencies
Expert knowledge of U.S. GAAP and bank-specific accounting standards
Strong analytical, problem-solving, and technical accounting skills
Proven leadership and people management capabilities
Ability to manage multiple priorities in a deadline-driven environment; work independently.
Excellent written and verbal communication skills
High attention to detail with a strong commitment to accuracy and integrity; be flexible in changing work environment
Education
Bachelor’s: Accounting, Bachelor’s: Business Administration, Bachelor’s: Finance
Work Experience
General Experience - 6 to 10 years
Certifications
Other Certification Not Listed - Other, Other License Not Listed - Other
Travel
Less than 25%
Workstyle
Resident
The total compensation for this position includes base salary or wages, and may include components such as additional compensation (cash or equity), discretionary bonuses, or commissions. This position is eligible for a benefits package that may include medical, dental, and vision; life insurance; critical illness insurance and accident insurance; disability benefits; retirement savings; paid time off (including vacation, holidays, and sick leave); and parental leave. Eligibility for benefits and specific offerings may vary based on position and employment status. To view more details of the benefits offered, visit Myrjbenefits.com.
At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view. We expect our associates at all levels to:
• Grow professionally and inspire others to do the same
• Work with and through others to achieve desired outcomes
• Make prompt, pragmatic choices and act with the client in mind
• Take ownership and hold themselves and others accountable for delivering results that matter
• Contribute to the continuous evolution of the firm
At Raymond James – as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates. When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.