What are the responsibilities and job description for the Finance Optimization Mgr position at Valley Bank?
The Finance Optimization Manager will support the efforts and responsibilities of the Accounting and Finance teams in overseeing several technology adoption initiatives ongoing on Valley bank, particularly the implementation of SAP S/4HANA and Blackline. Position will involve coordination of implementation efforts across different departments at the Bank and its subsidiaries. This individual will be a strategic leader working towards a goal of enhancing an expediting the financial reporting and period end close process.
Responsibilities include, but are not limited to:
- Act as a change leader in the Company's Future State Operating Model (FSOM) core system transformation activities.
- Provide leadership to all Valley Bank employees as to the adoption, implementation, and usage of new tools.
- Assist with the implementation, design, and testing of new processes and internal controls related to new technology and technology adoption.
- Lead efforts to design and streamline ETL mappings and data feeds from source systems into the GL, subledger and Blackline. Coordinate these efforts with Information Security and Technology.
- Manage the integration of acquired entities into the general ledger, subledger and reconciliation processes.
- Enhance and document procedures regarding the use of technology in the consolidation and period end financial reporting process.
- Develop and document procedures for reconciling intercompany elimination and reclassification activity occurring in the consolidation process to supporting records.
- Design, document and oversee the control procedures related to GL maintenance, application security, GL and subledger reconciliations, the consolidation process and other period end financial reporting processes.
- Document and maintain a master data dictionary for the general ledger.
- Maintain data governance for the SAP S/4HANA general ledger and subledger systems.
- Build automated reconciliation rules and processes for Blackline and SAP.
- Create and manage a workflow for opening new cost centers, GL accounts and other GL hierarchy setup activities.
- Evaluate, approve and implement changes to the GL hierarchy, account combination mapping, and inventory of Blackline tasks and reconciliations.
- Assess and develop procedures to ensure the completeness of the reconciliation population and monitor appropriate ownership of reconciliations and tasks across different areas of the bank.
- Assist business unit process owners with applicable system use and implementation guidance.
- Develop a quality control and monitoring program to ensure consistent and appropriate usage of new tools and compliance with internal control requirements and company policy.
- Revise company policies, procedures and controls documentation to enable SOX compliance.
- Develop training materials, procedural documentation and host training sessions to ensure successful adoption and effective usage of new tools across the bank.
- Assist with the period end financial reporting process as needed to supplement the accounting department.
- Act as a point of contact for external auditors and regulators with regards to general ledger, subledgers and related technology.
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