National Manager, Bank Controller

Overview

Who we are

Collaborative. Respectful. A place to dream and do. These are just a few words that describe what life is like at Toyota. As one of the world’s most admired brands, Toyota is growing and leading the future of mobility through innovative, high-quality solutions designed to enhance lives and delight those we serve. We’re looking for diverse, talented team members who want to Dream. Do. Grow. with us.

This position is based in Plano, TX.

Toyota encourages all employees to live within a reasonable commuting distance of their assigned work location. Hybrid work from outside of the assigned work location may be permitted in a pre-approved list of states (CA, TX, AZ, NV and CO) with certain stipulations.

Speak with your recruiter and hiring manager to learn more about our hybrid work program.

To save time applying, Toyota does not offer sponsorship of job applicants for employment-based visas or any other work authorization for this position at this time.

What We’re Looking For

Toyota Financial Savings Bank (“TFSB” or “the Bank”) was incorporated in Nevada and chartered as a Nevada Thrift institution whose deposits are federally insured. TFSB is supervised by the Federal Deposit Insurance Corporation (“FDIC”) and the State of Nevada Financial Institutions Division and is subject to the consumer compliance standards and regulations of the Consumer Financial Protection Bureau. As a result of this regulatory supervision, the Bank is required to submit various reports to these regulatory authorities, the most prominent of which is the Call Report submitted to the Federal Financial Institutions Examination Council (“FFIEC”) quarterly. The National Manager, Bank Controller will be responsible and owns the accounting for all bank products (loans, deposits, etc.) to ensure accurate preparation of financial information, including timely completion and/or review of month-end close process, month-end reports, and financial reporting, account reconciliations and performance of related period end close analytics. In addition, the Bank Controller will also be responsible for ensuring accurate and timely reporting to FFIEC (Call report due quarterly), CONETs (Japan reporting due quarterly), and annual financial statement issuance. The Bank Controller will lead the PwC annual audit and annual FDIC exam. Additionally, the Bank Controller is responsible for ensuring sound and robust FDICIA controls across the accounting and reporting processes and for the reconciliation of daily loan closing processes ensuring the daily reconciliation of loans in process accounts across our dealers and customers are accurate and all exceptions are escalated to the operations team for resolution.

Finally, the Bank Controller role will be responsible for a department of nine team members and business partners, so it is critical this role provides strong leadership for the coaching and development of our people.

Bank Accounting

What you’ll be doing

• Review various analytic analyses, including presenting such analyses to executive leadership.
• Must be a highly technical subject-matter expert in Banking and FDIC requirements and understand and assess the impact of new banking regulations on Bank accounting, providing ultimate footnote-owner sign-off for all Financial Statement footnotes for the Bank. This position is also responsible for the review of all applicable management representations within the management rep letter for the Bank.
• The Bank Controller not only must be an SME in Bank Accounting but must also understand the detailed components of the loans, deposits and dealer portfolios and the end-to-end processing of these transactions. In addition, the Bank Controller must understand the highly complex Credit Allowance process, the largest estimate and highest risk item accounted for on Banks books, including understanding the end-to-end process, reviewing the support/models and ensuring the quarterly memo provided to PwC accurately reflects the amount recorded on the Bank’s books.
• Responsible for maintaining appropriate FDICIA controls, including sub-certification sign-off for the Bank accounting function.
• Responsible for the Monthly/Quarterly/Annual close for Bank Accounting, ensuring timely and accurate reporting. Note this includes the resolution of technical accounting issues identified and raised by the team during the close process as well as communication of status and issues to Bank leadership and TFS Accounting Executive Leadership.

Bank Regulatory & Financial Reporting

• Lead team members in the preparation and submission of all financial reports to regulatory bodies. Ensure the Company's compliance with Bank laws and regulations.
• Own and implement sound FDICIA controls and processes to adequately support regulatory reporting requirements.
• Own the preparation and compilation of information related to quarterly financial reporting for global reporting to Japan (CONETs) and for the annual audited financial statements.
• Own and support team members as well as shared service teams, through the preparation of supporting schedules and addressing complex technical questions for the audits performed by both external and internal auditors, as well as regulators.
• Lead the preparation and review of FFIEC and regulatory reporting packages quarterly and annually for the Bank in accordance with the requirements of the FDIC and other regulatory bodies.
• Perform adequate planning and manage conflicting priorities to meet the deadlines.
• Coordinate with various accounting and operational groups to obtain required information.

Monitor and implement new regulatory guidance and support Bank project initiatives:

• Monitors new regulatory guidance on an on-going basis to determine impact to the bank.
• Be the Subject matter expert for FFIEC and other regulatory reporting requirements.
• Communicates and presents new guidance impacting the bank to officers and senior leaders.
• Coordinate the systems and vendor changes needed to accurately reflect and interpret new regulatory guidance.
• Serve as the point of contact for all regulatory questions and issues related to application and interpretation of regulatory rules impacting the business.
• Assesses new regulatory reporting guidelines and recommends solutions based on sound interpretation of the guidance and applicability to the Bank.
• The future of the group and the accounting department in general is moving from manual spreadsheets and processes to more automated approaches. The Bank Controller will be critical in advancing his/her respective groups to where we want to go. The Bank Controller will be responsible for ensuring the team is working closely with systems, DnA and Accounting transformation team to leverage automation where possible. In addition, the Bank Controller will be responsible for leveraging extensive Bank/FDIC SME knowledge and historical business experience to represent the Bank for larger department and company-wide initiatives.

People-driven Development

• Establishing clear and challenging expectations for related to both task and behavioral metrics.
• The Bank Controller’s leadership purview spans team members at a significant diversity in levels (ranging from JL15 – JL18) and significantly varied functions (from daily loan processing to highly-technical Bank/FDIC reporting). This leader must be agile in thinking and approach and must be able to demonstrate a wide range in leadership in order to be an effective leader for each team members for whom he/she is responsible.
• Ensure conversations are being held to understand the team members goals and aspirations to ensure both manager and team member are moving together towards the same goals.
• As Bank Controller, this role will be responsible for creating an open and honest environment that encourages our team members to speak up and speak honestly.
• A leader of nine team members and business partners, the Bank Controller is responsible for ensuring that all team members are invested in from a training and development perspective. This includes ensuring that critical performance management conversations are held and are conducted in the right way, including:
• Provide specific and timely feedback on achievements, gaps, opportunities.
• Talent Planning – Stage opportunities for ongoing staff development. Regularly assess pool of talent and consider appropriate succession plans.

What You Bring

• CPA (Certified Public Accountant) required.
• Proficiency in Microsoft Excel
• Extensive accounting and reporting experience
• Bachelor’s degree required.
• 7+ years of experience in a leadership role
• 3+ years of public accounting experience
• 7+ years of experience in bank industry accounting

Added bonus if you have

• SAS experience
• Proficiency in Power Query tool
• Tableau experience
• Fed Reporter SmartCall or other FFIEC software
• Advanced degree in accounting or relevant field
• Prior experience with Banking and FDIC requirements and exams

What We’ll Bring

During your interview process, our team can fill you in on all the details of our industry-leading benefits and career development opportunities. A few highlights include:

• Paid holidays and paid time off
• Flexible work options based on business needs.
• Toyota 401(k) Savings Plan featuring a company match, as well as an annual retirement contribution from Toyota regardless of whether you contribute
• Comprehensive health care and wellness plans for your entire family.
• Tax-Advantaged Accounts (Health Savings Account, Health Care FSA, Dependent Care FSA)
• Referral services related to prenatal services, adoption, childcare, schools and more
• Professional growth and development programs to help advance your career, as well as tuition reimbursement.
• Vehicle purchase & lease programs.
• A work environment built on teamwork, flexibility, and respect.
• Relocation assistance (if applicable).

Belonging at Toyota

Our success begins and ends with our people. We embrace diverse perspectives and value unique human experiences. Respect for all is our North Star. Toyota is proud to have 10+ different Business Partnering Groups across 100 different North American chapter locations that support team members’ efforts to dream, do and grow without questioning that they belong. As a company that has been one of DiversityInc’s Top 50 Companies for Diversity and a member of The Billion Dollar Roundtable supporting minority and woman-owned suppliers for over 10 years, we are proud to be an equal opportunity employer that celebrates the diversity of the communities where we live and do business.

Applicants for our positions are considered without regard to race, ethnicity, national origin, sex, sexual orientation, gender identity or expression, age, disability, religion, military or veteran status, or any other characteristics protected by law.

Have a question or need assistance with your application? Please send an email to [email protected].