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Senior Accountant at Wells Fargo | San Francisco

Wells FargoSan Francisco
On-site Full-time $125K/yr - $138K/yr

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Experience Level

Senior

Qualifications

Preferred Skills:Robust hedge fund and private equity partnership accounting experience. Extensive experience managing U. S. GAAP accounting close and regulatory/SEC reporting processes in financial institutions. Practical knowledge in the following GAAP areas:Consolidation accounting, including non-controlling interests. Consolidation of variable interest entities (ASC 810 / SFAS 167 / FIN 46R). Accounting for debt and equity securities (ASC 320 / SFAS 115). Equity method accounting. Fair Value Measurements. Familiarity with Basel capital rules, the Volcker Rule, and Regulation W. Active CPA certification is required. This position is based in San Francisco, and no financial assistance for relocation is available. Some business travel may be required.

About the job

Wealth Management Group (WMG) Controllers are pivotal in ensuring robust accounting and financial controls for the Wealth and Abbot Downing lines of business. We are seeking a dynamic and self-motivated Senior Accountant with exceptional analytical abilities to lead key projects, operate independently, and effectively prioritize tasks in a fast-paced environment.

The ideal candidate will possess comprehensive experience in financial services accounting and reporting, demonstrate strong problem-solving skills, attention to detail, and possess excellent communication abilities. Familiarity with Sarbanes-Oxley (SOX) regulations is an added advantage.

Key Responsibilities:

  • Oversee regulatory reporting for WMG Controllers, ensuring accurate submission of reports to Corporate SEC and Regulatory Reporting divisions.
  • Establish and maintain accounting processes for the new WBR global manager research and investment strategy functions.
  • Facilitate month-end accounting close for WMG Alternative Strategies business, including general ledger review of hedge fund and private equity fund activities.
  • Review complex hedge fund and private equity fund special purpose entities for consolidation accounting, focusing on variable interest entities.
  • Manage consolidation accounting for ASGI private equity partnerships, including non-controlling interest considerations.
  • Conduct monthly account-level variance analyses for the Alternative Strategies legal entities and Abbot Downing business.
  • Review quarterly SEC and regulatory reporting schedules prepared by Wealth Controllers staff for the Investment Management business.
  • Supervise over 70 general ledger account reconciliations for Alternative Strategies legal entities.
  • Develop and maintain desktop procedures for significant Investment Management accounting and financial reporting processes.
  • Assess financial control environments and implement necessary controls.
  • Support Corporate SOX requirements, including creating and updating SOX narratives and documentation to address deficiencies.
  • Ensure compliance with internal and external accounting policies and regulatory requirements.
  • Assist regulators and internal auditors with compliance reviews and inquiries.
  • Research and implement new GAAP accounting and regulatory guidelines.
  • Streamline existing accounting and reporting processes to enhance efficiencies.
  • Provide accounting support for WMG project initiatives as required.
  • Handle ad hoc projects as necessary.

About Wells Fargo

Wells Fargo, a leading financial services company, is committed to providing exceptional financial solutions. With a strong emphasis on integrity and customer satisfaction, we strive to empower our employees and foster a culture of excellence.

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