Fiduciary Services Accounting Manager

• provide oversight to initiatives of extreme complexity and strategic agility,
• provide leadership, instruction, and direction to various colleagues across teams and LOBs as they complete their responsibilities, regularly communicate with executive leadership and handle difficult and stressful situations with professional composure.

• Provide accounting subject matter expertise and support to Controller Senior Officers tasked with oversight of Trust Operations matters.
• Document fiduciary services accounting processes and make recommendations for process improvements, including providing technical accounting expertise and best practices for establishing new processes focused on driving effective change and reduction of manual work.
• Oversee and advise on development, implementation, and administration of the organization's fiduciary management platforms that impact accounting flows.
• Ensure changes to the accounting flows and downstream reconcilement activities are designed and tested appropriately.
• Engage Trust Operations senior management when their subledger systems or operations have problems resulting in a financial impact.
• Manage complex relationships with senior leadership, establish relationships with various department leaders and colleagues, and drive consensus across the organization on difficult topics.
• Partner with existing project workstreams related to fiduciary products on regulatory reporting, accounting and reconciliation tasks and deliverables.
• Collaborate with IT, accounting and financial reporting, and other business partners to ensure project initiatives are met.

• Develop a robust knowledge and ownership of fiduciary product reported balances in GL, including understanding of accrued fee income receivables, operational money movement execution delivery and related cash flow settlement patterns.
• Review general ledger activities for fiduciary services products and analyze fee income and related expenses for the Corporation and its affiliates.
• Provide oversight and indirect supervision/guidance on execution of fiduciary operational accounting activities performed within our GL ERP environment by internal teams and outsourced processing vendors.
• Provide management and subject matter expertise to fiduciary product estimation processes, including the establishment of reserves or operational losses, customer restitutions, etc.
• Perform quality control review or reperformance, as necessary, of reconciliations, monitoring of aging schedules and clearing accounts at month-end for out of balances or differences impacting period close reporting.
• Provide relevant information to management and regulators in accordance with monthly, quarterly and annual closing and reporting deadlines.

• Provide effective risk management oversight and manage internal and external audit requests impacting areas of responsibility.
• Ensure sound accounting controls and design accounting treatment of new or changed processes.
• Identify risks and establish controls and ensure control elements are performed regularly and effectively.
• Participate in the recruiting, training and mentoring of team members to ensure capable personnel are performing responsibilities.
• Provide feedback to department managers and team leads to address identified performance gaps promptly.
• Foster a culture of operational excellence and continuous improvement.
• Other duties as assigned.

Position Qualifications:

• Bachelor's Degree from an accredited university in Accounting
• 10 years of experience with advanced accounting necessary, preferably in the areas of trust, wealth and asset management operations
• 7 years of experience with advanced knowledge of accounting systems and common banking systems/platforms
• 7 years of experience with developed knowledge of regulations and industry activities/policies in the subject matter areas
• 7 years of experience with demonstrated ability to deconstruct and reconstruct workflows, teams, etc. with the intent to mitigate risks and/or improve efficiencies

Preferred Qualifications:

• Master's degree with an emphasis/concentration in finance, accounting, technology, operational design or other relevant programs

Licenses/Certifications:

• CPA license 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.