VP, Controllership – General Accounting

Job ID: E2404596

Job Description:

Role Summary/Purpose:

This role is responsible for the oversight of Synchrony’s general accounting activities related to loan receivables, allowance for credit losses, and other general accounting activities. Loan receivables activities include balance transfers, chargebacks, installment loan portfolio accounting, daily loan balancing, and asset and business acquisitions / dispositions that include loan portfolios. Other general accounting activities include accounting for building leases, fixed assets, intangible assets, and prepaid assets.  This role will supervise a team of professionals in the U.S. and Asia.

Our Way of Working

We’re proud to offer you choice and flexibility. At Synchrony, our way of working allows you to have the option to work from home, near one of our Hubs or come into one of our offices. Occasionally you may be required to commute to our nearest office for in person engagement activities such as business or team meetings, training and culture events.

Essential Duties & Responsibilities:

Oversight of general accounting activities related to loan receivables, including the allowance for credit losses including:

• Overall responsibility for the accounting for loan receivables including maintaining a thorough understanding of the end-to-end business processes including transaction flow, key systems and activity sources that impact general ledger accounts.

• Ensure process documentation is accurate and comprehensive including, but not limited to, job aids, PRC, and RAQ.

• Ensure appropriate internal controls over financial reporting are in place and documented appropriately in eGRC and are operating effectively.

• Oversight of daily loan balancing processes ensuring any discrepancies are researched and appropriately resolved.

• Loan portfolio acquisition/disposition oversight ensuring acquisition (day 1 entries) and disposition (day 1 plus held for sale accounting if appropriate) transaction accounting is appropriate and processes are established to appropriately account for activity related to interim servicing including daily balancing and reconciliation.

• Oversight of accounting activities related to other loan processes including balance transfers and chargebacks.

• Oversight of accounting for allowance for credit losses including: fraud, and legal entity reserve adequacy manual journal entries. Coordinate with SYF credit team for reserving for new portfolios. 

• Review and approve any manual journal entries prepared in accordance with SYF’s Manual Journal entry procedure.

Ownership of general accounting for building leases, fixed assets, intangible assets, and prepaid assets including:

• Responsibility for maintaining a thorough understanding of the end-to-end business processes for these areas including transaction flows, key systems and activity sources that impact general ledger accounts.

• Ensure process documentation is accurate and comprehensive including, but not limited to job aids, PRC, and RAQ..

• Ensure appropriate internal controls over financial reporting are in place and documented appropriately in eGRC and are operating effectively.

• Ensure that all requirements of SYF accounting policies and procedures impacting these areas are met and transactions comply with applicable accounting guidance including where appropriate capitalization policies.

• Ensure account reconciliations are being prepared in accordance with SYF’s Account Reconciliation Procedure

• Review and approve any manual journal entries prepared in accordance with SYF’s Manual Journal entry procedure.

• Lead simplification and process improvement initiatives in these areas.

• Perform other duties and/or special projects as assigned.

Qualifications and Requirements:

• Bachelor’s degree in Accounting, Finance or related Business area and 8 years of accounting/finance experience

• In lieu of a degree, 12 years of accounting/finance experience

• Process/quality improvement experience – develop and implement new processes, improve existing routines

• Strong Microsoft Office skills

• Strong project management skills      

• Proven ability to work independently and meet deadlines

• Experience working in a fast-paced, changing environment

• Excellent verbal and written communication skills

Desired Characteristics:

• Demonstrated leadership with the ability to successfully manage multiple priorities in a high-speed, quickly changing business environment

• Excellent analytical and problem solving skills

• Certified Public Accountant

• Strong communication skills (oral & written)

• Strong organizational/self-motivation skills

• Demonstrated project management skills – leading multiple projects & driving each to completion

• Strong background in accounting practices and procedures

Grade/Level: 13

                                                                      

The salary range for this position is 130,000.00 – 210,000.00 USD Annual and is eligible for an annual bonus based on individual and company performance.

Actual compensation offered within the posted salary range will be based upon work experience, skill level or knowledge.

Salaries are adjusted according to market in CA, NY Metro and Seattle.

Eligibility Requirements:

• You must be 18 years or older

• You must have a high school diploma or equivalent

• You must be willing to take a drug test, submit to a background investigation and submit fingerprints as part of the onboarding process

• You must be able to satisfy the requirements of Section 19 of the Federal Deposit Insurance Act.

• New hires (Level 4-7) must have 9 months of continuous service with the company before they are eligible to post on other roles.  Once this new hire time in position requirement is met, the associate will have a minimum 6 months’ time in position before they can post for future non-exempt roles.  Employees, level 8 or greater, must have at least 18 months’ time in position before they can post.  All internal employees must consistently meet performance expectations and have approval from your manager to post (or the approval of your manager and HR if you don’t meet the time in position or performance expectations).

Legal authorization to work in the U.S. is required.  We will not sponsor individuals for employment visas, now or in the future, for this job opening. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status. 

Our Commitment:

When you join us, you’ll be part of a diverse, inclusive culture where your skills, experience, and voice are not only heard—but valued. We celebrate the differences in all of us and believe that our individual, unique perspectives is what makes Synchrony truly a great place to work. Together, we’re building a future where we can all belong, connect and turn ideals into action. Through the power of our 8 Diversity Networks+, with more than 60% of our workforce engaged, you’ll find community to connect with an opportunity to go beyond your passions.

This starts when you choose to apply for a role at Synchrony. We ensure all qualified applicants will receive consideration for employment without regard to age, race, color, religion, gender, sexual orientation, gender identity, national origin, disability, or veteran status.

Reasonable Accommodation Notice:

• Federal law requires employers to provide reasonable accommodation to qualified individuals with disabilities. Please tell us if you require a reasonable accommodation to apply for a job or to perform your job. Examples of reasonable accommodation include making a change to the application process or work procedures, providing documents in an alternate format, using a sign language interpreter, or using specialized equipment.

• If you need special accommodations, please call our Career Support Line so that we can discuss your specific situation. We can be reached at 1-866-301-5627.   Representatives are available from 8am – 5pm Monday to Friday, Central Standard Time

Job Family Group:

Finance