Regulatory Reporting Specialist

Who We Are

Join a team that puts its People First! Since 1889, First American (NYSE: FAF) has held an unwavering belief in its people. They are passionate about what they do, and we are equally passionate about fostering an environment where all feel welcome, supported, and empowered to be innovative and reach their full potential. Our inclusive, people-first culture has earned our company numerous accolades, including being named to the Fortune 100 Best Companies to Work For® list for ten consecutive years. We have also earned awards as a best place to work for women, diversity and LGBTQ+ employees, and have been included on more than 50 regional best places to work lists. First American will always strive to be a great place to work, for all. For more information, please visit www.careers.firstam.com.

What We Do

Leads the processes and preparation of Federal Reserve Board (FRB) regulatory filings. Provides technical accounting oversight through interpretation and application of FRB guidance. Documents conclusions and shapes procedures to effectively process quarterly filings.

Essential Functions

• Performs complex FRB research and analysis to ensure reporting is compliant with guidance.  This includes reviewing all relevant Company FRB accounting filings for accurate reporting.
• Research, as necessary, new pronouncements for reporting.  Review trends, identify issues and related sources to make recommendations for change.
• Identifies and implement new FRB internal reporting forms, or items within a form.  This includes development of desktop procedures and training material for Staff.
• Continuously look for ways to improve data collection and automated solutions for preparing the supporting schedules, disclosures and tie out of quarterly filings.
• Prepares and monitors control checklists related to FRB filings.
• Maintains strong relationships with regulators and auditors to address questions or clarifications.
• Plays an active role in the preparation of financial statements, including performing account analysis to ensure accurate financial reporting.
• Leads special projects including process improvement initiatives.
• Ability to demonstrate critical thinking by calling out assumptions and identifying the root cause.
• Interfaces with multiple subject matter experts to comply with different reporting form requirements.
• Ability to establish and maintain effective working relationships at the senior management level across functional groups and business units.

Job Complexities

• Uses skills as a seasoned, experienced professional with an understanding of industry practices and established policies and procedures.
• Troubleshoots a wide variety of complex problems and identifies solutions.
• Intricacies of a large company with multiple locations in a global environment.
• Exercises judgment to determine appropriate actions.
• Unidentified errors could have a business and/or financial impact.

Supervision Received or Extended

• Works independently under broad supervision, relying on experience and judgment to perform the functions of the job.
• No formal responsibility for the supervision of others but will provide functional advice and training to team members.

Knowledge and Skills/Technology Used

• Excellent analytical, verbal, and written communication skills.
• Strong critical thinking skills.  Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
• Ability to manage and prioritize tasks including long-range projects and tight deadlines.
• Advanced knowledge in the interpretation and application of accounting principles and practices.
• Ability to interpret FRB rules and apply them to the financial filings.
• Strong computer skills including Microsoft Office.  Ability to query data using data extraction tools.
• Large ERP Software experience.  Hyperion and Smartview experience preferred.

Typical Education

• Bachelor’s degree in accounting or related field.

Typical Range of Experience

• 5+ years of regulatory reporting experience, preferably with a bank or financial institution.

License or Certification

• CPA desired

*This is a Hybrid role (3 days in office from Santa Ana, Ca).

The pay range for this role is $95,350.00 - $127,125.00

This hiring range is a reasonable estimate of the base pay range for this position at the time of posting.  Pay is based on a number of factors which may include job-related knowledge, skills, experience, business requirements and geographic location.

Disclaimer
The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal work hours and/or responsibilities from time to time, as needed.

What We Offer

By choice, we don’t simply accept individuality – we embrace it, we support it, and we thrive on it! Our People First Culture celebrates diversity, equity and inclusion not simply because it’s the right thing to do, but also because it’s the key to our success. We are proud to foster an authentic and inclusive workplace For All. You are free and encouraged to bring your entire, unique self to work. First American is an equal opportunity employer in every sense of the term.

Based on eligibility, First American offers a comprehensive benefits package including medical, dental, vision, 401k, PTO/paid sick leave and other great benefits like an employee stock purchase plan.