Assistant Controller, Bear Residential 104006

Responsibilities

Position Summary Under the direction of the Controller, assists in the maintenance of accurate accounting records and in the preparation of financial statements and reports. This manager will be responsible for the accounting and management reporting functions within Residential Mortgage?s Financial Management Division. S/he will also be responsible for developing and managing key processes to ensure controls areas are adequate and effective. In addition to the accounting and management reporting functions, this position leads executive-level projects that may include, but are not limited to identifying needs, developing recommended solutions, determining appropriate course of action and making executive presentations to senior management. Essential Job Functions ? Compiles information from various departments and prepares appropriate journal entries. ? Maintains and assists in the development of automated accounting systems and procedures. ? Prepares commission and special accounting reports for management. ? Answers inquiries regarding accounting procedures, policies and problems from both internal personnel and outside regulatory agencies. ? Processing bills, preparing journal entries of adjustments to billings and communicating with customers regarding billing adjustments. ? Performs other related duties as assigned by Supervisor. Accounting and Financial Reporting ? Managing the department responsible for reconciling and reporting daily and monthly P&L of the Sub Prime desk including accrual analysis, significant transaction reviews and understanding valuation methodologies. ? Supervising the accounting acquisitions and sales reconciliation teams. Managing and Developing Staff Position is responsible for successfully managing and developing a staff. This includes: ? Recruiting and hiring the right people for the permanent and temporary assignments resulting in a strong team with complementary strengths. ? Delegating and prioritizing responsibilities as appropriate, empowering others and monitoring progress. ? Accurately assessing strengths and development needs of employees and ensuring training and development opportunities are provided. ? Providing specific feedback and coaching to staff and rewarding excellent performance. Problem Solving/Decision Making Project assignments are diversified. Decisions or resolutions of issues will necessitate modifying or adapting standard practices and will require excellent communication skills. Requires judgment based on experience and departmental guidelines. Executive presentations outlining key issues and recommended solutions are frequently delivered to senior management in the form of either verbal discussions or white paper presentations. Requirements/Skills: Education: ? College degree in accounting or related area or equivalent preferred ? CPA required Experience: ? 5-7 years experience in a public accounting firm and/or corporate accounting function ? 5 years plus experience in the mortgage banking industry a plus ? Demonstrated experience in successfully managing and developing teams of clerical and accounting professionals, preferably in the mortgage industry. ? Good working knowledge of GAAP ? Good communication skills and the ability to communicate effectively with executive management ? Proficient in accounting applications ? Proven financial analysis experience (analyzing business results, asset/liability, risk management, asset securitizations, etc)

Equal Employment Opportunity

Bear Stearns is an Equal Opportunity Employer.

Closing Statement

Thank you for applying with Bear Stearns.

About Bear Stearns

Founded in 1923, the Bear Stearns Companies Inc. is the parent company of Bear, Stearns & Co. Inc., a leading investment banking and securities trading and brokerage firm. With approximately $40.0 billion in total capital, Bear Stearns serves governments, corporations, institutions and individuals worldwide. The company's business includes corporate finance, mergers and acquisitions, institutional equities and fixed income sales, trading and research, private client services, derivatives, foreign exchange and futures sales and trading, asset management and custody services. Headquartered in New York City, the company has approximately 11,200 employees.