Current Opportunities

Debt & Investment Accounting Manager

Location: Austin, Texas, United States
Reference ID: TX - 299


Debt & Investment Accounting Manager


We are working exclusively with a financial services organization in the Texas Market that is looking to hire a Debt & Investment Accounting Manager reporting directly to this organization’s Assistant Controller.  MR Dominion is an affiliate of Management Recruiters International (MRI Network) and specializes specifically in banking placing accounting, finance, audit, risk, credit and compliance executives in Community and Small Regional Banks Nationwide.  For that reason, our client will only consider candidates with banking expertise and the requisite skill sets for the job. 


In this role, you will oversee the accounting implications of both the fixed-income investment portfolio, the debt and derivatives portfolio, and the subsequent timely and accurate processing, proper accounting (of the portfolio), and appropriate regulatory reporting requirements of the portfolio.  Because of your breadth of knowledge, you will have the ability to explain the accounting treatments of respective instruments and their applicable presentation in both the financial system as well as in the financial statements. 


You will have a direct report and will supervise and review the work of the seasoned debt and investment accounting analyst, who is responsible for the input and maintenance of investment trades, debt issuances, and derivative transactions on behalf of the bank within the software financial system.  You must fully understand the processes and functionality of the software system utilized to account for investments, debt, and derivatives and be able to  discuss various concerns and the setup of the respective instruments with both your supervisor and Finance department.  It’s important that you understand/strive to learn the integration of the system programs with the general ledger and various financial systems.       


In this role, you will participate with Finance department in determination of hedge accounting treatment for derivative transactions.   You will also develop accounting procedures and research accounting policies and provide management with the application of accounting principles on investment, debt, and derivative transactions.   Lastly, you must ensure procedural documentation is available and up-to-date and in compliance with internal control standards and Internal Controls over Financial Reporting guidelines, including functionality within the software financial system.


We are looking for a Bachelor’s degree in finance or accounting.  An MBA, CFA or even a CPA is highly desirable.  You must have a minimum of eight years’ experience in fixed-income debt, investment and derivative accounting and analysis.  That is strongly preferred, as is supervisory experience.  At its core, you must have familiarity with the structure of fixed-income debt, investment, and derivative instruments.  Problem solving, independent working ability, and organizational skills are essential.  An aptitude for research due to the policy aspects of the job is necessary as are excellent oral and written communication skills. We look forward to hearing from you in confidence.