Accounting Supervisor, Reporting

About Us

Live Oak Bank is a digital bank that serves small business owners across the country.  Our groundbreaking spin on service and technology has fueled our mission to be America’s Small Business Bank. Our products help customers buy, build, and expand their business, and our high-yield savings and CD products help them grow their hard-earned money.  At Live Oak, we never lose sight of the well-being of our people. We believe our employees are the heart of our company. Our commitment to our customers and culture is intertwined, and we seek those who embody and embrace what it takes to empower the American dream.

How This Role Impacts Live Oak and its People

This position will be responsible for supporting Accounting Managers in external and internal financial reporting requirements of Live Oak Banking Company, its affiliate companies, and its parent company. Responsibilities will include, but may not be limited to, preparation of underlying financial statements and disclosures, for SEC, regulatory, and board reporting.

What You’ll Do at Live Oak

• Responsible for timely and accurate preparation of financial statements and footnotes as well as scheduling SEC filings (10-Ks, 10-Qs and 8-Ks related to earnings release).

• Oversee the coordination, EDGAR-ization and XBRL tagging of SEC filings.

• Assist in the preparation and review of SEC, regulatory, and board reports.

• Assist with month, quarter, and year-end closing process.

• Promote change while helping enhance efficient and effective financial reporting processes.

• Support and maintain internal control over financial reporting process.

• Research, evaluate and assist with implementation of new accounting standards.

• Engage in and/or oversee special projects as required.

• Perform and preserve account and report maintenance in the general ledger system.

• Collaborate directly with various stakeholders within accounting and other departments to ensure efficiency and effectiveness around efforts are thoughtfully done to maximize systematic controls and clarity around responsibilities & timelines.

• Educate and routinely connect with control owners and their designees in other departments to ensure clarity around accounting dependencies to ensure quality source data.

How You’ll Do It           

• Prepare and review financial schedules/workpapers that support financial statement and disclosure requirements for SEC, regulatory, and internal financial reporting. 

• Organize the Accounting department’s quarterly reporting tasks and calendars.

• Prepare quarterly financial board reports.

• Research financial statement variances and present explanations.

• Coordinate and provide requested documentation for quarterly reviews and annual audit performed by external auditors.

• Interact with Accounting Managers, Chief Accounting Officer, and various departments to support the creation of financial reports and/or disclosures.

• Maintain proper documentation as required for record retention purposes.

• Function as a team and realizes all members of the team are vital to its success.

Required and Preferred Experience

• Minimum of five years of work-related experience in financial reporting or auditing

• Previous experience with financial and SEC reporting is strongly preferred

• Knowledge of financial institution industry and risks

• Proactive in project planning and execution, able to meet precise deadlines with a quality product

• Must have a positive attitude and promote a culture of collaboration and teamwork

• Must be organized, detail-oriented, and have excellent written and verbal communication skills with various levels of management

• Must be a self-starter, a team player, flexible, and able to work on several projects simultaneously

• Strong analytical, problem-solving, time management, and computer skills, including proficiency with Word and Excel

• Bachelor’s degree in Finance or Accounting, graduate degree a plus

• Certified Public Accountant (CPA) license preferred

Our Values

• Dedication: Possess a deep commitment to Live Oak Bank’s mission and core values, exemplified through a strong work ethic, adaptability and pride in your work.

• Ownership: Take initiative to deliver positive results by proactively and creatively solving problems, while maintaining a high degree of quality.

• Respect: Treat everyone wi.th courtesy