Accounting Specialist
The Accounting specialist role will be responsible for preparing and reviewing journal entries in
accordance with GAAP; monitoring and analyzing income and expense accounts for reasonableness and accuracy to confirm statements are fairly presented; and analyzing and reconciling various balance sheet and liability accounts to ensure the accuracy of the monthly balances on general ledger. This role will also be responsible for assisting the Accounting Manager as needed with daily activities in the monthly analysis of the corporate income statement and various corporate accounting functions, in addition to performing ad-hoc analysis as requested by management.
Position Responsibilities:
Month End Analysis/Close
- Post and review general ledger transactions to ensure accurate postings and
reasonableness of transactions posting to general ledger accounts. - Perform analysis of income and expense accounts. Analyze trends and identify.
large variances, including identification of potential prepaid expenses to be amortized
and accruals to be booked. - Set up recurring accruals, prepare quarterly materials for employee-related
benefits and assist the Accounting Manager with necessary analysis. - Perform various allocations for Health Benefits and Other Insurance expenses
proportionately based on appropriate statistical drivers. - Perform Equity Pickup/Investment in subsidiary process, review and reconcile
related accounts to ensure closing entries properly posted. - Provide management with monthly, quarterly, and year over year income and expense variance explanations for month end close meeting.
- Reconcile and review assigned monthly aging and general ledger account reconciliations.
Compliance, Risk and Support
- Assist the Accounting department with updates to Accounting-related
procedures and documentation of accounting processes and workflows, including the
design and implementation of internal controls to provide quality assurance over
reported data. - Ensure spreadsheet controls "best practices" are maintained across all existing
critical spreadsheets within area of responsibility and are utilized in the development of
new spreadsheets. - Provide internal/external auditors with requested documents and support.
Partnering/Monthly Reporting
- Ensure effective communication and working relationships are maintained with
customers and colleagues throughout the bank. Communication involves all levels of the
bank personnel. - Input/process general ledger entries as requested by other areas of the bank,
such as accruals or re-classes/corrections of general ledger accounts. Review entry.
requests prior to processing to confirm appropriate accounting treatment and follow up
with contact for any questionable charges. - Communicate with Human Resources and Wealth and Institutional Trust, and
Corporate Treasury on account information regarding staff insurance and other benefits
programs. - Help other areas of the bank as needed, such as assisting with research of vendor
payments or charges to general ledger accounts, along with ad-hoc reporting and
account analysis. Provide advice for appropriate application to general ledger accounts. - Cross train/perform daily functions (as deemed necessary) to ensure coverage of
critical processes during other team members PTO.
Accounting and Technical Consulting
- Stay abreast of accounting developments and work closely with others in the
Accounting Department to apply technical and industry guidance as needed. - Develop a functional understanding of banking and financial services industryprocesses/topics and accounting implications.
- Proactively identify opportunities to create operational efficiencies.
- Assist with implementation of automating certain processes or using advanced
analytics to effectuate more efficient accounting and reporting processes. - Perform other miscellaneous accounting functions as assigned.
Position Qualifications:
- Bachelor's Degree from an accredited university in Accounting or Finance
- 2 years experience in accounting/finance related, including reporting and analysis, reconciliation and internal control
- 2 years of experience utilizing Microsoft Products including Word and Excel, including pivot tables
Licenses and Certifications:
- CPA (Certified Public Accountant) - Licensed or CPA eligible candidates Preferred
About Comerica
We know our employees are critical to our overall success and we are dedicated to investing in their future. One of the ways we do this is to offer a comprehensive Total Rewards package designed to recognize and reward individual performance, as well support health, well-being, development and security for our colleagues and their family. Total Rewards consists of cash compensation, development and flexible benefit programs designed to meet individual needs today and in the future. Your salary will be commensurate with your work experience and our programs are reviewed regularly to ensure each remain competitive. We are proud to offer benefits such as health and welfare programs, strong retirement benefits, and generous paid time off programs. You and your eligible family members, including domestic partners and their children, can participate in medical, dental, and vision benefits, 401(k) and pension, income protection benefits such as life insurance, AD&D, and supplemental health programs to offset unexpected health care expenses. We also have a variety of time off programs for things like vacation, sick time, disability, and parental leave. Eligibility for some programs varies based on employment status and tenure.
Upon offer, Comerica conducts a comprehensive background and fingerprint check.
NMLS certification requirement: where applicable, a favorable background check screening, credit check, fingerprint check, and NMLS certification is required in accordance with the SAFE Act.
Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned into three major business segments; the Commercial Bank, the Retail Bank, and Wealth Management. Comerica's colleagues focus on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.
Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.
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Comerica Bank
life insurance, parental leave, paid time off, sick time, 401(k)
Dec 20, 2024