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Accounting Expert - M&A Senior Accountant

PNC
San Diego, United Statesfull_timeVerifiedPosted 26 Feb 2025
💰 $172,250/yr($65,000/yr$172,250/yr)

About the role

Position Overview

At PNC, our people are our greatest differentiator and competitive advantage in the markets we serve. We are all united in delivering the best experience for our customers. We work together each day to foster an inclusive workplace culture where all of our employees feel respected, valued and have an opportunity to contribute to the company’s success. As an Accounting Expert within PNC's Fortis Advisors organization, you will be based in San Diego, CA.

We are seeking a senior level accounting specialist to join our team. The successful candidate will be responsible for reviewing and commenting on the post-closing purchase price adjustment provisions and requirements of merger agreements (and discussing the same with the CFO of the selling company), evaluating post-closing financial statement submissions (e.g., the working capital adjustments) from buyers relating to those requirements, analyzing financial and accounting issues, interacting with selling shareholders, Fortis team members and external counsel, formulating strategies to resolve disputes through direct negotiations where possible, and managing mediation, arbitration and litigation of financial and accounting issues when necessary. The successful candidate will be an integral part of the Fortis team managing earnout disputes and indemnity claims with financial, accounting and tax implications. M&A transactions frequently involve the review and analysis of financial information after the closing of the deal. Often the review is non-controversial, but matters do arise which need to be addressed, challenged and even disputed from time to time. Issues can be wide ranging, but most frequently concern the financial structure of the acquisition, a company’s working capital position, GAAP compliance vs. selling company past practices, revenue recognition, contingent and undisclosed liabilities, vendor/customer issues, and financial earn-out measurement.

• Minimum of 5 years experience at a Big-4 accounting firm or similar firm

Job Description

  • Leads specialized accounting, reporting and analytical expertise in support of a centralized accounting and reporting function, a business function or a business unit. Serves as the senior expert for the team
  • Leads the review and analysis of complex transactions; researches the applicable accounting, reporting and regulatory guidance; and communicates the implications to senior management.
  • Participates on project teams and prepares accounting memoranda and related presentations related to new accounting pronouncements and their impact on PNC; reviews with senior management and the Board of Directors.
  • Provides accounting expertise, including specialized knowledge related to internal control processes for month-end, quarter-end, and year-end closing activities, in support of both Finance department and business service partners.
  • Supports and assists the Centralized Accounting and Reporting Management teams and the business units in the development and training of staff related to both generally accepted accounting principles and compliance with provisions of the Sarbanes-Oxley Act.

PNC Employees take pride in our reputation and to continue building upon that we expect our employees to be:

  • Customer Focused - Knowledgeable of the values and practices that align customer needs and satisfaction as primary considerations in all business decisions and able to leverage that information in creating customized customer solutions.
  • Managing Risk - Assessing and effectively managing all of the risks associated with their business objectives and activities to ensure they adhere to and support PNC's Enterprise Risk Management Framework.

Qualifications

Successful candidates must demonstrate appropriate knowledge, skills, and abilities for a role. Listed below are skills, competencies, work experience, education, and required

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Company

PNC

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