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Senior Accountant

Make banking a Fifth Third better®

We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank.

GENERAL FUNCTION: Conducts assignments involving accounting projects. Provides guidance to less experienced staff. Assumes responsibility and accountability for developing and maintaining accurate and detailed accounting records. Prepares financial reports. Plays key role in the month-end closing duties and reporting.

Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank’s risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

  • Accurately maintain accounting records and performs all related accounting functions.
  • Prepares some daily entries while overseeing preparation of other entries.
  • Monitors accounts and maintains account balances.
  • Maintains current accounting policies and practices.
  • Facilitates compliance with Generally Accepted Accounting Principles.
  • Reconciliation and resolution of outages from complex accounts.
  • Responsible for special accounting projects and complex assignments.
  • Optimizing the application of Generally Accepted Accounting Principles.
  • Continuous Improvement.
  • Identify process improvement opportunities and develop/implement initiatives to automate and simplify.
  • Leverage technology to enhance efficiency and productivity.
  • Identify opportunities to improve the accounting processes.
  • Facilitate integration of new applications and accounting systems.
  • Coordinate month-end accounting activities with other departments, divisions and affiliates.
  • Complete all accounting entries in a timely and accurate manner and in accordance with Bancorp accounting policies and Generally Accepted Accounting Principles.
  • Prepare all account reconciliations in a timely and accurate manner and in accordance with Bancorp accounting policies.
  • Develop and maintain appropriate business relationships with internal and external customers.
  • Provide guidance to less experienced members of accounting staff.
  • Allocates work and reviews work of less experienced staff accountants.
  • Works with staff accountants to set and achieve department objectives.
  • Guides and advises less experienced staff accountants.
  • Develops cross training programs and facilitates delegation of duties and responsibilities.
  • Assist in the development and maintenance of the Bancorp’s accounting information and input into financial systems.
  • Responsible for daily G/L entries and uploads and ensuring the operational effectiveness of the system.
  • Prepares various daily, monthly and quarterly reports and statements.
  • Regulatory, compliance and financial reporting.
  • Responds to inquiries from management, auditors and others regarding accounting issues, financial data and financial statements issued by the department.
  • Coordinate efforts with examiners as they carry out examinations of the Bancorp (Audit, Government, etc.).
  • As needed, informally lead more junior accountants and workflow items & projects.

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:

  • Bachelor’s Degree in Accounting, Finance or Economics required.
  • Masters Degree or other certification (CPA, CMA, etc.) preferred.
  • Minimum of 3 years of accounting related experience. Industry or public related experience required.
  • Working knowledge of GAAP required.
  • Proficient in advanced spreadsheet applications such as Excel, Microsoft Word, etc.
  • Demonstrate ability to learn and understand Bancorp systems such as Mobius, Frontier, Raft & TM1.
  • Excellent verbal and written communication skills, including organization and follow up skills.
  • Excellent people/relationship building skills.
  • Strong analytical skills.
  • Ability to apply critical thought process.
  • Ability to communicate clearly & concisely with other Finance Staff, managers and department leaders.
  • May also interact with senior management & executive leaders.

Senior Accountant

LOCATION -- Chapel Hill, North Carolina 27517

Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.

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CEO of Fifth Third
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Average salary estimate

$80000 / YEARLY (est.)
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$70000K
$90000K

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What You Should Know About Senior Accountant, Fifth Third

Are you ready to take your career to the next level? Join Fifth Third Bank as a Senior Accountant in Chapel Hill, NC! In this role, you’ll play a crucial part in maintaining accurate accounting records and preparing financial reports that keep our operations running smoothly. You will not only conduct assignments involving important accounting projects but also provide guidance to junior staff. Your expertise will be instrumental as you lead month-end closing duties and ensure compliance with Generally Accepted Accounting Principles. At Fifth Third Bank, we pride ourselves on a culture that encourages open communication, so you can share your ideas and insights freely. You’ll identify opportunities for process improvements and utilize technology to enhance efficiency, making your role pivotal in achieving our goals. With your strong analytical skills and your knack for building positive relationships, you’ll collaborate with various departments to optimize our accounting practices. Your background, ideally with a Bachelor’s or Master’s degree in Accounting or Finance and relevant certifications, equips you to handle responsibilities such as reconciliation, resolution of complex accounts, and regulatory reporting. If you’re passionate about helping customers and fostering a positive work culture, this is the role for you. Make banking a Fifth Third better® by applying your skills and enthusiasm as our next Senior Accountant!

Frequently Asked Questions (FAQs) for Senior Accountant Role at Fifth Third
What responsibilities does a Senior Accountant at Fifth Third Bank have?

As a Senior Accountant at Fifth Third Bank, your primary responsibilities include maintaining accurate accounting records, preparing financial reports, and overseeing daily entries. You will also play a pivotal role in month-end closing duties, compliance with GAAP, and resolving complex account issues. Additionally, you'll provide mentorship to junior accountants, facilitating their development and conducting special accounting projects.

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What qualifications are required for the Senior Accountant position at Fifth Third Bank?

To apply for the Senior Accountant position at Fifth Third Bank, candidates must have a Bachelor's degree in Accounting, Finance, or Economics, with a preference for those holding advanced degrees or certifications like CPA or CMA. A minimum of 3 years of accounting experience is necessary, along with proficiency in GAAP and advanced applications like Excel.

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How does the Senior Accountant role at Fifth Third Bank contribute to risk management?

In the Senior Accountant role at Fifth Third Bank, you'll be responsible for recognizing and managing various risks associated with accounting practices. By ensuring that all financial activities comply with internal policies and GAAP, you'll play a vital role in safeguarding the bank’s assets and enhancing its overall risk appetite.

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What skills are emphasized for a Senior Accountant at Fifth Third Bank?

The ideal Senior Accountant at Fifth Third Bank should possess strong analytical skills, excellent communication abilities, and a collaborative mindset. Additionally, familiarity with the bank's systems is advantageous, along with the ability to build relationships with various stakeholders and mentor less experienced staff in achieving departmental objectives.

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What professional development opportunities does Fifth Third Bank offer for Senior Accountants?

Fifth Third Bank offers various professional development opportunities for Senior Accountants, including cross-training programs and initiatives aimed at skill enhancement. As a Senior Accountant, you'll have access to resources that facilitate your growth within the organization, along with support for obtaining additional certifications or advanced education.

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Common Interview Questions for Senior Accountant
Can you describe your experience with GAAP and its significance in accounting?

In my previous roles, I have consistently applied GAAP principles to ensure all financial reports and accounting records comply with regulatory standards. This adherence is crucial as it enhances transparency and trust in financial statements, aiding in risk management.

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How do you handle tight deadlines during month-end closings?

I prioritize tasks by creating a detailed schedule leading up to the month-end close. By segmenting activities and ensuring communication with team members, I ensure we meet deadlines without compromising accuracy in our financial reporting.

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What strategies do you employ for reconciliation of complex accounts?

I go through a systematic approach for reconciliation, which involves verifying balances, identifying discrepancies, and communicating with relevant departments to resolve issues promptly. This thorough process ensures that our financial data remains accurate and reliable.

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How would you promote process improvements in the accounting department?

I believe in fostering a culture of continuous improvement. I regularly assess workflows, gather feedback from team members, and identify inefficiencies. By proposing automation or streamlining manual processes, I can help the department enhance productivity.

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Tell me about a time when you had to guide less experienced staff.

In my prior position, I developed a training program for new accountants, which focused on core accounting practices and software tools. I ensured that they had hands-on experience while also encouraging them to ask questions, building their confidence and capability.

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Why is effective communication important in the role of a Senior Accountant?

Effective communication is key for a Senior Accountant as it involves collaboration with various departments and the need to convey complex financial information clearly. Good communication fosters teamwork and ensures everyone is aligned with the financial objectives.

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What tools or software have you used in your accounting roles?

I have experience with several accounting software, including ERP systems and advanced spreadsheet applications like Excel. This proficiency allows me to handle data efficiently and ensure accurate financial reporting.

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How do you ensure compliance with regulatory requirements?

I regularly stay updated on accounting regulations and standards, ensuring our financial practices comply with GAAP and other necessary regulations. I conduct self-audits to identify any areas of concern and engage with regulatory bodies when necessary.

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What is your approach to managing and reporting risks in accounting?

My approach to managing risks involves a proactive identification of potential areas of concern, implementing controls and procedures to mitigate them, and ensuring thorough documentation to support decision-making and transparency in reporting.

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Can you explain a time when you completed a special accounting project?

At my previous job, I was tasked with implementing a new financial reporting tool. I coordinated with IT, trained staff on usage, and ensured all processes transitioned smoothly, resulting in significant improvements in report generation efficiency.

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At Fifth Third Bank, we’re working hard to make banking a Fifth Third better. Which, according to the laws of mathematics, 5/3 equals 166.7%. That’s a whole lot of percents. Learn more at http://go.53.com/better

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Full-time, on-site
DATE POSTED
April 9, 2025

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