Accounting Manager, Investments

About Us

How This Role Impacts Live Oak and its People

The Accounting Manager (Investments) provides technical accounting guidance, assesses financial impacts, and ensures compliance with disclosure requirements. This role leads accounting and reporting for the Company’s alternative investment portfolio, collaborating with internal business owners. As a subject matter authority on financial instruments, particularly equity securities, you’ll contribute to accurate financial analysis and reporting. Additionally, you’ll work closely with team members and external consultants to fulfill responsibilities for Live Oak Banking Company, its affiliates, and the parent company.

What You’ll Do at Live Oak

• Investments Subject Matter Authority & Portfolio Manager: Run alternative investment portfolio accounting & reporting, through close partnership with Business Owners, by analyzing initial and add-on transactions, including the initial VIE and accounting treatment analysis for significant influence, as well as on-going performance & transaction monitoring and P&L impacts.

• Policy Development: Collaborate with other departments to develop, update, maintain, and communicate accounting policies for existing and new transactions in accordance with relevant accounting standards. Stay abreast of changes in accounting standards and assess their impact on the bank's financial reporting.

• Financial Reporting: Supervise the preparation of schedules and disclosures to support regulatory & SEC reporting and board reports for accounts under your ownership.

• Policy Implementation and Training: Implement new accounting policies and ensure effective communication and training across relevant departments. Provide ongoing training to Finance, and other teams across the Bank, on changes in accounting policies and procedures.

• Internal Control Compliance: Work closely with internal audit and lending departments to monitor and enhance internal controls related to financial reporting to ensure the accuracy and integrity of financial information.

• Audit & Regulatory Support: Coordinate with external auditors and regulators, providing necessary documentation, support, and explanations. Address audit findings and implement corrective actions as needed.

• Ad hoc Support: Engage in and/or coordinate special projects as required.

How You’ll Do It

• Technical Proficiency in Financial Accounting: Deep technical understanding and ability to research accounting & regulatory guidance and prepare memorandums related to proposed transactions or new accounting standards.

• Collaboration and Communication: Collaborate with internal partners, including Finance, Risk and Compliance to address accounting and reporting matters. Communicate complex accounting concepts and policies in a clear and understandable manner to non-finance team members.

• Leadership and Mentorship: Provide strong leadership by setting clear expectations, goals, and performance standards for the team. Act as a mentor, guiding team members in their professional development and career growth. Further a culture of teamwork and collaboration and encourage the sharing of knowledge and standard processes among team members.

• Continuous Improvement: Find opportunities for operational improvements in accounting and financial reporting. Drive initiatives to enhance the efficiency and effectiveness of financial reporting processes.

Required and Preferred Experience

• 5+ years of progressive experience in accounting and financial reporting required, with a focus on banking or financial securities.

• Bachelor’s degree in Accounting or Finance, and CPA professional certification required.

• In-depth understanding of GAAP accounting standards, technical accounting guides, and research tools.

• Proficiency in addressing complex technical accounting issues and providing guidance on proper accounting treatment.

• Must be organized, resourceful, detail oriented and have excellent written and verbal communication skills with various levels of management.

• Strong analytical, problem-solving, time management and computer skills, including proficiency with Microsoft Office (Word and Excel).

• Proactive in project planning and execution, able to meet precise deadlines with a quality product.

• Must have a positive attitude and promote a culture of collaboration and teamwork.

• Must be a self-starter, a team player, flexible, and able to work on several projects simultaneously.

• Work sponsorship not supported, now or in the future

• Preferred location in North Carolina

To Thrive at Live Oak

• Gravitate to Growth – Shows adaptability and support for changes to improve organizational effectiveness.
• Communicate and Collaborate – Communicates clearly and thoughtfully, demonstrating empathy in teamwork.
• Eye of the Tiger – Gets positive results by taking personal responsibility for actions and team outcomes.
• Know Your Business – Curates and maintains a depth of knowledge and skill to perform one’s job effectively.
• Customer at the Center – Provides customers with a personalized experience to achieve exceptional outcomes.

For a detailed overview of our employee benefits please visit: http://www.liveoakbank.com/careers/

Live Oak Bank is an Affirmative Action and Equal Opportunity Employer, Minorities/Women/Veterans/Disabled. We consider applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, genetic information, veteran status or disability. Equal access to programs, service and employment is available to all persons. Those applicants requiring reasonable accommodation to the application and/or interview process should notify human resources at [email protected]

EEO is the Law

Commitment to Diversity
Live Oak Bank is committed to creating and maintaining a workplace in which all employees have an opportunity to participate and contribute to the success of the business and are valued for their skills, experience, and unique perspectives. This commitment is embodied in company policy and the way we do business at Live Oak Bank and is an important principle of sound business management.

The base pay range for this position is $140,000.00 - $200,000.00 per year. Compensation may also include annual bonuses and long-term incentives, subject to various metrics and company policy. A candidate’s salary is determined by several factors including travel, relevant work experience or skills and expertise.

Please note that we provide at least the minimum requirement of paid sick leave to our employees who reside in states that require employer-paid sick leave, including but not limited to Arizona, California, Colorado, District of Columbia, Maine, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New Mexico, New York, Oregon, Rhode Island, Vermont, and Washington.