Sr. Financial Reporting Specialist

Posted 2 Days Ago
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Santa Ana, CA
138K Annually
Mid level
Insurance • Real Estate
The Role
The Sr. Financial Reporting Specialist prepares financial statements and SEC filings, ensuring compliance with GAAP and Sarbanes Oxley. Responsibilities include accounting research, reconciliations, share-based compensation entries, and assisting with audits. This role requires communication across levels for effective reporting and policy documentation.
Summary Generated by Built In

Who We AreJoin 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 nine 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

Maintains integrity of accounting information and reporting in accordance with standards and rules under GAAP, SEC regulations and in compliance with Sarbanes Oxley. Primary role includes preparation of quarterly SEC filings, including financial statements and notes to financial statements, technical accounting guidance and oversight, share-based compensation and employee benefit plans, as well as stand-alone financials. Provides technical accounting oversight including evaluating the impact of changes in accounting guidance on Company's financial statements.  Documents accounting policies and procedures and participates in external audits.

Essential Functions

  • Performs moderate to complex accounting research and analysis to ensure GAAP compliant financial statements and SEC reports. This includes researching new pronouncements relevant to the Company for reporting. Identifying and assisting in implementation of new accounting guidance.
  • Prepares share-based compensation related journal entries and performs monthly and quarterly fluctuation analysis.
  • Reconciles share-based compensation g/l accounts to third party provider.
  • Performs monthly and quarterly reconciliations and fluctuation analysis of g/l accounts related to employee benefit plans.
  • Prepares monthly and quarterly earnings per share calculation including review and analysis of third-party provider statements.
  • Interfaces and assists with internal and external audit.
  • Prepares supporting schedules, disclosures, and tie out of quarterly SEC filings as necessary.
  • Communicates with multiple levels in the organization and escalate issues to appropriate management.
  • Assists with drafting annual financial statements and notes for certain stand-alone subsidiaries.
  • Prepares technical accounting memos to support various accounting positions and policies.
  • Assists with the Company’s annual goodwill impairment assessment.
  • Assists with ad hoc projects as needed.

Knowledge and Skills/Technology Used

  • Familiar with standard concepts, practices, and procedures within a particular field
  • Ability to develop specific goals and plans to prioritize, organize, and accomplish work
  • Excellent analytical, verbal, and written communication skills
  • Ability to interpret and apply accounting principles and practices under US GAAP
  • Strong computer skills including MS Office. Ability to query data using data extraction tools
  • Large ERP Software experience, Oracle preferred
  • Hyperion experience preferred
  • Strong critical thinking skills
  • Ability to use logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems
  • Complex problem-solving skills
  • Ability to identify complex problems and review related information to develop and evaluate options and implement solutions
  • Self-motivated; self-starter
  • Ability to manage multiple tasks, respond quickly to emergent problems, and focus both on long-range projects and immediate tasks

Typical Education

  • Bachelor’s degree required

Typical Range of Experience

  • 4+ years of experience in the field or in a related area
  • 2+ years of public accounting experience required

License or Certification

  • CPA preferred

Job Complexities & Impact

  • Uses skills as a seasoned, experienced professional with a full understanding of industry practices and established policies and procedures
  • Troubleshoots a wide variety of complex problems and identifies solutions within broad application of functional expertise
  • Errors will have significant business and financial impact

Supervision Received or Extended

  • No formal responsibility for the supervision of others but may provide functional advice or training to less experienced team members
  • Works independently under broad supervision

The pay range for this role is $ 110,525.00 - $138,175.00

 

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 OfferBy 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.

** Note that the following statements only apply to candidates who will be working from an unincorporated area within Los Angeles County. **

First American will consider for employment all qualified applicants, including those with arrest or conviction records, in a manner consistent with the requirements of applicable state and local laws (e.g., the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act).

First American intends to conduct a review of an applicant’s criminal history in connection with a conditional offer. First American reasonably believes that a criminal history may have a direct, adverse and negative relationship with the following material job duties for this position potentially resulting in the withdrawal of the conditional offer of employment: handling of confidential, proprietary or trade secret information belonging to First American or its customers, administrating or facilitating financial transactions, and the ability to meet customer-imposed criminal history requirements.

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.

Top Skills

Gaap
Hyperion
MS Office
Oracle
Sarbanes Oxley
Sec Regulations
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The Company
HQ: Santa Ana, CA
13,104 Employees
On-site Workplace
Year Founded: 1889

What We Do

First American provides financial services through its Title Insurance and Services segment and its Specialty Insurance segment. The First American Family of Companies’ core business lines include title insurance and closing/settlement services; title plant management services; title and other real property records and images; valuation products and services; home warranty products; property and casualty insurance; and banking, trust, and investment advisory services.

First American Title Insurance Company provides comprehensive title insurance protection and professional settlement services for homebuyers and sellers, real estate agents and brokers, mortgage lenders, commercial property professionals, homebuilders and developers, title agencies and legal professionals to facilitate real estate purchases, construction, refinances or equity loans.

First American's thorough title searches, title clearance and title insurance policies help to produce clear property titles and enable the efficient transfer of real estate.

As one of the largest title insurance companies in the nation, First American offers title insurance and settlement services through its direct operations and an extensive network of agents throughout the United States and internationally.

First American Title Insurance Company traces its history to 1889 and is the largest subsidiary of First American Financial Corporation (NYSE: FAF).

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