Associate, Accounting – Accounts Payable & General Ledger

Job Description

Associate Accounting, Commercial Controllers | Capital One

The Tone:
This is an early career Associate Accounting role at Capital One, located in New Orleans, LA. This position is vital for directly supporting Capital One’s Commercial Broker Dealers, which operate under the stringent regulations of FINRA and the SEC. The role focuses on critical Accounts Payable operations alongside general ledger accounting, ensuring financial accuracy and compliance for these entities. Individuals in this role will join a high-performing team, learning established accounting processes and procedures, and will have opportunities to expand their responsibilities through project work and contribute to process improvements and technology-driven automation. This role is ideal for a detail-oriented professional seeking to grow their accounting career within a regulated financial environment.

The TL;DR
• Role: Early Career
• Type: Full-time
• Location: In-person McLean, VA, New Orleans, LA, Richmond, VA
• Pay: $74,200–$84,700 yearly
• Team: Within the Commercial Controllers group, working with a high-performing team.
• Mission: To directly support Capital One’s Commercial Broker Dealers by managing Accounts Payable operations and general ledger accounting.

What You’ll Actually Do
• Accounts Payable Management: Serve as the primary liaison between the line of business and Enterprise Supplier Management, ensuring efficient accounts payable operations, including vendor onboarding, precise processing and routing of invoices for payment, and meticulous tracking of contracts and ongoing business expenses.
• General Ledger Accounting: Accurately calculate and post month-end expense accruals, diligently prepare general ledger journal entries, and perform thorough account reconciliations to maintain financial integrity.
• Financial Reporting Support: Prepare comprehensive expense variance analysis and provide essential assistance with reporting deliverables required for the month-end close process.
• Cross-functional Collaboration: Interact directly and collaboratively with Finance departments, various business partners, internal stakeholders, and fellow associates throughout the wider Controller’s group to ensure seamless operations.
• Process Optimization & Automation: Actively support team initiatives focused on automation and data transformation efforts, identifying and driving specific process efficiencies within accounting workflows.
• Regulatory Compliance: Obtain and diligently maintain a Series 99 Operations Professional license, demonstrating commitment to professional standards and regulatory requirements specific to operations within the securities industry.

The Must-Haves
• Background: Bachelor’s Degree in any field, or military experience. This position is suitable for an early-career professional.
• Experience: At least 1 year of experience in a relevant field such as accounting, banking, or securities operations.
• Skills: Practical experience with Accounts Payable management, general ledger accounting principles, account reconciliation procedures, and calculating expense accruals. Ability to perform expense variance analysis.
• Bonus: A Bachelor’s Degree specifically in Accounting is highly preferred, along with 2 or more years of experience in accounting, banking, or securities. Hands-on experience managing end-to-end Accounts Payable workflows is a significant advantage, as is holding a Certified Public Accountant (CPA) license or being a CPA candidate.