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CORPORATE REPORTING MANAGER

Our Company

At FirstBank PR, we strive to be a trusted advisor to our clients and our employees are the ones that ensure we deliver on our promise of excellence in personalized customer service. Our more than 3,100 employees in Puerto Rico, the Virgin Islands and Florida share a passion for excellent customer service. We are proud of our team because they are continuously surpassing our client’s expectations.

Do you have a passion for helping customers, building relationships, and delivering extraordinary, personalized customer service? If your answer is yes, FirstBank is the number one place for you.

A Brief Overview

The Corporate Reporting Manager directs and coordinates the daily activities related to the preparation and detailed review of financial reports required by regulatory agencies on a periodic basis (Federal Reserve, FDIC, SEC, OCIF, etc) and related analyses. This position should ensure that First BanCorp’s and subsidiaries’ regulatory reports are prepared in accordance with guidelines established by agencies in an accurate and timely manner. The Corporate Reporting Manager is also responsible for the overall identification, analysis, assessment, and implementation of relevant and new regulatory reporting requirements and keeping senior management informed regarding regulatory developments (e.g. proposed and final rules, pro-forma calculations, etc). This individual will also analyze complex rules and prepare related regulatory reporting memorandums. This individual acts as the main coordinator with the Institution's external regulatory analysts and examiners for relevant regulatory reporting issues. This individual also ensures internal controls and manual procedures are in place to ensure accuracy in regulatory reporting.

What you’ll do

• Manage the daily activities related to the preparation and submission of financial reports required by regulatory agencies (i.e. Federal Reserve, FDIC, OCIF, HUD), according to established guidelines, procedures and internal controls. The reporting responsibilities includes, but is not limited to, Call Reports with the SEC (10K/10Q/11K and other forms) FDIC, FR Y-9C, FR Y-9LP and FR 2314 with the Federal Reserve, Quarterly and Monthly Financial Reports with OCIF for First BanCorp, FirstBank and its subsidiaries, and others.

• Coordinate the planning and logistics of report production and review, including agreed upon review dates, with relevant stakeholders.

• Manage the responsibilities and development of the corporate reporting staff.

• Detailed review of regulatory capital level requirements.

• Monitor and report corporate reporting development and requirements, including performing and documenting Institution-specific impact analyses for senior management.

• Implement new corporate reporting requirements, including authoring implementation memorandums and documenting related requirements.

• Responsible for strategic initiatives for the development and implementation of solutions to address new reporting requirements, reports and remediation issues solicited by regulators.

• Input into capital requirements public disclosure process.

• Detailed Analysis and Analytical reviews and trend analysis for regulatory reporting results. Review of Quaterly Variance Analysis and Regulatory Reporting Process Memorandums.

• Input into and collection of responses to regulator queries.

• Responsible for maintaining a robust control environment over the reporting process resulting in an efficient and effective reporting framework (end-to-end process). Ensure the developed Action Plans are executed.

• Drafting or updating relevant procedures manuals for regulatory reporting.

• Provide trainings to data providers and other report contributors with respect to regulatory reporting topics.

• Management of internal and external audit requests related to regulatory reports and any necessary resubmissions.

• Participate in systems implementations that impact the corporate reporting function including system conversions and related projects. In addition, assist in any strategic project to enhance efficiencies of the Corporate reporting function.

• Assist in the preparation of Notes to the Financial Statements and Board of Director Reports in areas under his/her supervision.

• Assists in the preparation of presentations to management, analysts and regulatory agencies.

• Assists in ad hoc assignments as required.

What You’ll Need to Succeed

• Bachelor’s degree in Business Administration, majoring in Accounting or Finance is required for this job.

• CPA certified required.

• The incumbent must have at least eight (8) to ten (10) years of experience in the banking industry, including prior exposure to regulatory reporting requirements.

• Detail-minded with strong analytical and problem solving skills

• Highly developed in the use of excel spreadsheets and power point presentations

• Write and comprehend English and Spanish with effective communication skills in both languages

• Ability to interpret regulatory guidelines

  Or the equivalent combination of Education and Experience needed to be able to perform the functions of this job.

  What’s Good to have:

• MBA in Finance/Accounting, preferable.

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