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Director, Accounting Policy Job Details

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Director, Accounting Policy (Ref: 30043)
Sector, Sub Sector: Other
Compliance Type: Regulatory/Compliance
Expertise: -
Company: Fannie Mae
Location: Washington , District Of Columbia Americas, United States
Employment Type: Permanent
Job Description:

THE COMPANY



Fannie Mae exists to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Today, our focus is on preventing foreclosures, making mortgages and rental housing as affordable as possible, and supporting the housing recovery. We are rapidly building and realigning our company to better serve the market as we support the Administration's Homeowner Affordability and Stability Plan.



Join our dedicated, diverse, high-performing workforce and put your unique talents to good use as we work with our partners to advance our nation's housing recovery.



For more information about Fannie Mae and our career opportunities, visit www.fanniemae.com.



JOB INFORMATION

 

The Director of Accounting Policy will report directly to the VP of Accounting Policy in the Finance division. This Director of Accounting Policy will work with his/her VP and direct reports to ensure up-to-date company-wide accounting policies in compliance with relevant authoritative accounting literature. The Director will delegate responsibilities effectively to direct reports and perform the following duties.



KEY JOB FUNCTIONS 


  • Collaborate with VP about future accounting policies: monitor accounting standard and regulatory developments and anticipate impact on Fannie Mae's accounting; participate in discussions/conferences with standard setters, regulators and other industry participants; provide thorough expertise on new regulations and translate new pronouncements so that different stakeholders with different levels of expertise can understand relevant implications for Fannie Mae. 

  • Under direction from the VP, formulate new policy: work with direct reports to draft policies; review policies with Senior Management and finalize accounting policies in accordance with company operating policies and procedures. 

  • Under direction of the VP, liaise with Accounting Operations, Auditors and others inside Fannie Mae to assess implementation impact on business units and address any implementation issues; ensure that the business units and accounting operations have adequate training for new policy implementation. 

  • Liaise with other Directors of Accounting Policy to synergize efforts and ensure holistic understanding of Accounting Policy. 

  • Ensure that implementation of accounting standards is well documented and consistent with guidance provided by the accounting standard-setting bodies. 

  • Develop and mentor direct reports. Coordinate with HR to define staffing requirements of Accounting Policy.

EDUCATION


  • Bachelor Degree or Equivalent. 

  • Master or Other Advanced Degree preferred.

  • Area of Study Finance, Accounting, or Business Finance. 


Certifications


  • CPA


MINIMUM EXPERIENCE


  • 8-10 years of related experience


SPECIALIZED KNOWLEDGE & SKILLS 



  • 8 years of experience in accounting within a top financial services or regulatory organization. Experience in a company with over $100 billion in assets is required

  • 3 years of experience in a leadership role requiring staff management, decision making, and strategic thinking

  • Experience with teamwork and evidence of extensive and effective communication capabilities with internal and external liaisons

  • Extensive knowledge of GAAP and SEC rules and regulations.

  • Experience in mortgage accounting environment; familiarity with accounting for mortgage backed assets, securities and loan commitments, derivatives and debt, impairments and fair value.

  • An active license as a Certified Public Accountant



                                             

EMPLOYMENT               



As a condition of employment with Fannie Mae, any successful job applicant will be required to pass a pre-employment drug screen and to successfully complete a background investigation, which may also include a credit check for positions in some areas of our business.

 

Fannie Mae is an Equal Opportunity Employer.
Job Ref No: 30043