Director of Accounting Policy (Pittsburgh)

Job Profile

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 the Director of Accounting Policy, within PNC's Finance organization, you will be based in Pittsburgh, PA.

The Accounting Policy team is also part of the Corporate Controller organization within PNC Finance and managed by the Control Leadership Team. The Accounting Policy team is currently looking to add a key strategic member to the group. This position is a key leadership role for the Accounting Policy team with high visibility to the Controller’s and CFO’s leadership teams.

A successful candidate will need to have the capacity to navigate through varied business activities and work collaboratively with colleagues within and outside of the Finance organization, as well as across PNC’s lines of business and operating groups. In doing so, this individual will gain a thorough working knowledge of PNC’s line of business finance and accounting processes, procedures and operations and apply a strong foundation in technical accounting. This role would build long term knowledge that would position the individual to advance within Accounting Policy team or the ability to assume other positions in Control or Finance. PNC’s Accounting Policy team is very selective in its recruiting process and, as a result, has a great track record of providing high-performing talent to the broader Finance organization and other areas of PNC.

The candidate should also possess outstanding written and verbal communication skills. S/he will have a strong technical accounting background, preferably with experience in the banking industry, and a strong work ethic. Additionally, s/he will demonstrate the ability to collaborate with management, peers, and stakeholders to effectively influence and effect change.

Key Responsibilities Include:
• Work closely with PNC Finance line of business personnel in the review and analysis of significant, complex business transactions to determine the proper technical accounting treatment and related consolidated reporting for PNC under US GAAP.
• Monitor, evaluate, and influence the development of and implementation of emerging accounting requirements from the FASB, SEC and other regulatory bodies.
o Independently formulate opinions and provide updates on emerging accounting issues for discussion with the Director of Accounting Policy, as well as the Corporate Controller.
o Proactively engage lines of business in assessing impacts and participating in the accounting standard-setting process. This includes coordination with accounting standard setters and regulators to advocate Company positions on accounting issues that could potentially impact the Company.
• Lead efforts to define the company’s application and implementation of new accounting standards, as well as SEC and other regulatory reporting matters.
o Design, develop and communicate additions or updates to corporate accounting policies. Have a thorough assessment of risk and associated mitigation options as it relates to changes to accounting policies. Carry out the review process with senior management and executives to gain their insight and approval.

Other Responsibilities include:
o Continually evaluate departmental processes and recommend process improvements.
o Establish and maintain strong, collaborative partnerships with the Company’s external auditors and regulators.
o Support the lines of business in business initiatives and/or projects that require technical accounting support and expertise.

PNC is an in-office company that fosters a supportive culture where employees can thrive and achieve balance. We encourage candidates to connect with their recruiter and hiring manager to understand workplace expectations and ensure the role aligns with their goals.

 

PNC will not provide sponsorship for employment visas or participate in STEM OPT for this position.

Job Description

• Provides leadership and overall management expertise for all aspects of accounting activities, including related production processes, financial analysis, internal and external reporting, and related compliance and administrative requirements. Generally manages a team supporting one or more business sub-segments or functions; manages a complex business sub-segment or function; or supports a broad set of work products. Typically serves as a manager of individual contributors and may serve as a manager of managers.
• Ensures the accounting policies, operating procedures and practices of the company are followed. Works closely with internal auditors, external accountants, banking regulators and PNC service partners to ensure practices are in line with PNC's mission and goals. Serves as a senior expert for the team.
• Oversees and evaluates the activities of the professional and administrative staff, and supports recruiting, coaching and developing a talent pipeline. Manages the analysis and resolution of routine accounting issues, and ensures that the accounting and reporting for complex transactions is proper.
• Leads the preparation of reports and oversees production processes that summarize and forecast business activity and financial position related to income statement and balance sheet items, based on past, present and expected operations. Identifies and/or manages opportunities for process improvements.
• Leads the production of accurate and timely financial reports, for internal and external use, in accordance with generally accepted accounting principles and regulatory guidance, and in compliance with section 404 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.

PNC also has fundamental expectations of our people managers. As a manager of talent in PNC, you will be expected to:

• Include Intentionally - Cultivates diverse teams and inclusive workplaces to expand thinking.
• Live the Values - Role models our values with transparency and courage.
• Enable Change - Takes action to drive change and innovation that will transform our business.
• Achieve Results - Takes personal ownership to deliver results. Empowers and trusts others in decision making.
• Develop the Best - Raises the bar with every talent decision and guides the achievement of all employees and customers.

Qualifications

Successful candidates must demonstrate appropriate knowledge, skills, and abilities for a role. Listed below are skills, competencies, work experience, education, and required certifications/licensures needed to be successful in this position.

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