Senior Financial Operations Accounting Specialist

• Maintain the general ledger for the broker dealer, including recording entries, performing a monthly close process and reconciling balance sheet accounts.
• Prepare accurate and timely financial reporting including the following:
  
  
  
  • Daily Net Capital and Aggregate Indebtedness calculations which involve complex calculations and rule adhearence (required by FINRA).
  • Weekly Reserve Calculation (required by FINRA).
  • Audited and unaudited financial statement generation which involves coordination with corporate accounting policy, legal and tax departments, as well as internal and external audit (required by FINRA and SEC).
  • Board meeting materials including Comerica Securities' balance sheet, income statement and net capital computation.
  • Monthly FOCUS and quarterly SSOI reports (submitted to FINRA).
  
  
  
  
• These filings require pulling data from multiple sources and analyzing the data for accuracy and to determine the appropriate categorization in the filings.
• Assist with research for the appropriate accounting of new transactions and the impact of new guidance.

• Prepare monthly reconciliation of general ledger accounts at Comerica Securities.
• Maintain proper financial records for audits and regulatory exams in adhearance to regulatory record retention requirements.
• Complete analysis of month to month variances and explain variances to Comerica Securities and Finance management.
• Design and implement process improvements to reduce manual effort.

• Monitor and manage the company's daily cash balances to ensure compliance with parent company Regulation W and proper funding of assets.
• Monitor and initiate requests to transfer funds as needed to maximize effective use of company assets realizing increased interest in specific accounts.
• Monitor underwriting haircuts to determine impact on daily Net Capital Analysis and provide guidance to the business.
• Ensure compliance with brokerage industry and financial accounting regulations.
• Monitor the segregation of customer funds through the weekly and monthly analysis.
• FINRA rule requires prompt notification of early warning and Net Capital violations. This role is required to monitoring and alert senior management of potential violations to ensure the firm is in compliance with this regulation.
• Perform intercompany reconcilement, requiring data from multiple sources. Validate the charges posted to the books of Comerica Securities in order to meet brokerage industry books and records requirements.

• Assist with responding to internal and external auditor requests.
• Assist with responses to questions from FINRA regarding FOCUS report submissions or other inquiries and examinations.

• Bachelor's Degree from an accredited university in Finance, Accounting, or related field
• 3 years of relevant accounting experience

• CPA- Certified Public Accountant required
• Series 27 - Financial and Operation Principal preferred

About Comerica
We know our employees are critical to our overall success and we are dedicated to investing in their future. One of the ways we do this is to offer a comprehensive Total Rewards package designed to recognize and reward individual performance, as well support health, well-being, development and security for our colleagues and their family. Total Rewards consists of cash compensation, development and flexible benefit programs designed to meet individual needs today and in the future. Your salary will be commensurate with your work experience and our programs are reviewed regularly to ensure each remain competitive. We are proud to offer benefits such as health and welfare programs, strong retirement benefits, and generous paid time off programs. You and your eligible family members, including domestic partners and their children, can participate in medical, dental, and vision benefits, 401(k) and pension, income protection benefits such as life insurance, AD&D, and supplemental health programs to offset unexpected health care expenses. We also have a variety of time off programs for things like vacation, sick time, disability, and parental leave. Eligibility for some programs varies based on employment status and tenure.

Upon offer, Comerica conducts a comprehensive background and fingerprint check. Your fingerprints will be used to check the criminal history records of the FBI and may be subscribed in the FBI's Record of Arrest and Prosecution Background ("RAP Back") service, which provides ongoing notification to the Company of any updates to your criminal history.

NMLS certification requirement: where applicable, a favorable background check screening, credit check, fingerprint check, and NMLS certification is required in accordance with the SAFE Act.

Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned into three major business segments; the Commercial Bank, the Retail Bank, and Wealth Management. Comerica's colleagues focus on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.

Comerica is proud to be an Equal Opportunity Employer - disability/veteran.