VP, Controllership - General Accounting

Job Description:

Role Summary/Purpose:

This role is responsible for the oversight of Synchrony’s general accounting activities related to loan receivables, allowance for credit losses, and other general accounting activities. Loan receivables activities include balance transfers, chargebacks, installment loan portfolio accounting, daily loan balancing, and asset and business acquisitions / dispositions that include loan portfolios. Other general accounting activities include accounting for building leases, fixed assets, intangible assets, and prepaid assets.  This role will supervise a team of professionals in the U.S. and Asia.

Our Way of Working

We’re proud to offer you choice and flexibility. At Synchrony, our way of working allows you to have the option to work from home, near one of our Hubs or come into one of our offices. Occasionally you may be required to commute to our nearest office for in person engagement activities such as business or team meetings, training and culture events.

Essential Duties & Responsibilities:

Oversight of general accounting activities related to loan receivables, including the allowance for credit losses including:

• Overall responsibility for the accounting for loan receivables including maintaining a thorough understanding of the end-to-end business processes including transaction flow, key systems and activity sources that impact general ledger accounts.

• Ensure process documentation is accurate and comprehensive including, but not limited to, job aids, PRC, and RAQ.

• Ensure appropriate internal controls over financial reporting are in place and documented appropriately in eGRC and are operating effectively.

• Oversight of daily loan balancing processes ensuring any discrepancies are researched and appropriately resolved.

• Loan portfolio acquisition/disposition oversight ensuring acquisition (day 1 entries) and disposition (day 1 plus held for sale accounting if appropriate) transaction accounting is appropriate and processes are established to appropriately account for activity related to interim servicing including daily balancing and reconciliation.

• Oversight of accounting activities related to other loan processes including balance transfers and chargebacks.

• Oversight of accounting for allowance for credit losses including: fraud, and legal entity reserve adequacy manual journal entries. Coordinate with SYF credit team for reserving for new portfolios. 

• Review and approve any manual journal entries prepared in accordance with SYF’s Manual Journal entry procedure.

Ownership of general accounting for building leases, fixed assets, intangible assets, and prepaid assets including:

• Responsibility for maintaining a thorough understanding of the end-to-end business processes for these areas including transaction flows, key systems and activity sources that impact general ledger accounts.

• Ensure process documentation is accurate and comprehensive including, but not limited to job aids, PRC, and RAQ..

• Ensure appropriate internal controls over financial reporting are in place and documented appropriately in eGRC and are operating effectively.

• Ensure that all requirements of SYF accounting policies and procedures impacting these areas are met and transactions comply with applicable accounting guidance including where appropriate capitalization policies.

• Ensure account reconciliations are being prepared in accordance with SYF’s Account Reconciliation Procedure

• Review and approve any manual journal entries prepared in accordance with SYF’s Manual Journal entry procedure.

• Lead simplification and process improvement initiatives in these areas.

• Perform other duties and/or special projects as assigned.

Qualifications and Requirements:

• Bachelor’s degree in Accounting, Finance or related Business area and 8 years of accounting/finance experience

• In lieu of a degree, 12 years of accounting/finance experience

• Process/quality improvement experience – develop and implement new processes, improve existing routines

• Strong Microsoft Office skills

• Strong project management skills      

• Proven ability to work independently and meet deadlines

• Experience working in a fast-paced, changing environment

• Excellent verbal and written communication skills

Desired Characteristics:

• Demonstrated leadership with the ability to successfully manage multiple prioriti