Tax and Regulatory Reporting Manager

Position Function:

The Tax and Regulatory Reporting Manager oversees the income tax function; ensures proper accounting for taxes, timely payment of tax liabilities and timely and accurate filing of tax reports, including income, franchise, excise, withholding, and other taxes for U.S., Hawaii, and other jurisdictions. Prepares and analyzes regulatory reports for Central Pacific Financial Corp. and its subsidiaries to bank regulators. Ensures timeliness, completeness, and accuracy of reports and filings and the Company's compliance with all accounting and financial reporting policies, generally accepted accounting principles ("GAAP"), and banking regulatory requirements. Facilitates timely and accurate month-end closing and reporting process, and review of general ledger account balances. Performs detailed accounting analyses and works with staff and departments to resolve accounting and reporting issues. Oversees and maintains software application supporting financial reporting. Assists and leads projects in department automation and efficiency to improve monthly closing and regulatory reporting process. Keeps abreast of all changes in accounting and reporting requirements and facilitates changes in policies and procedures as needed to maintain compliance.

Performs all duties and interacts with internal and external customers in a manner that is expressly aligned with the Company's Core Values of approaching all actions with a “Voyaging Spirit” and being “Positively Ohana”. Exhibits core competencies that result in consistent delivery of positive Customer Interactions, Empowerment and Ownership and demonstrates key professional and performance skills such as Active Listening, effective Oral and Written Communication, Action and Solution Oriented and Thoroughness.

Primary Accountabilities:

• Prepares, analyzes, and reviews internal financial reporting and external regulatory reporting (e.g., reports and filings to the FDIC, FRB, State of Hawaii DFI, and management and Board reports, including FFIEC041 and FR Y-9C). Ensures timeliness, accuracy and compliance with all accounting disclosure and regulatory requirements, including all CPF-related entities on a stand-alone and consolidated basis.
• Oversees key functions to support timely preparation of tax provisions and tax returns, filing, and payment processing. Performs the quality assurance review of externally prepared vendor items.
• Coordinates with tax service providers to ensure tax compliance. Researches, interpretes, and analyzes the impact of tax law changes, making recommendations for implementing necessary adjustments.
• Assists with the month-end closing process and overall review of general ledger account balances. Prepares cut-off and month-end reports to ensure reasonableness. Reviews transactions, entries, and reports to ensure completeness and accuracy. Analyzes financial reports to ensure fluctuations and variances are properly explained and accurate.
• Assists in various audits and exams over quarterly reviews and annual financial statement audits. Prepares and/or reviews schedules for quarterly reviews and annual audit. Conducts research and provides responses to requests related to tax audits and inquiries.
• Assists and leads projects and initiatives to improve accounting processes through system automations and other efficiencies.

Minimum Qualifications:

Education:

• Bachelor’s degree in accounting from an accredited 4-year university required.

Experience:

• 5+ years of accounting experience required.
• 3+ years of banking experience required.
• 2+ years of corporate tax experience required.

License/Certification:

• Certified Public Accountant (CPA) preferred.

Physical Requirements & Working Conditions:

• Must be able to perform light physical work and to move or lift items including but not limited to boxes, files and papers up to 20 pounds unless otherwise as indicated.
• Must be able to operate and proficiently use standard office equipment, including phone, copier, personal computer and/or other work related mechanical or electronic devices and applications.
• Must be able to clearly communicate verbally and in writing with all internal and external customers. Must also be able to hear sufficiently to engage in daily discussions and interactions.
• Must be able to read and understand bank-related documents.
• Must be able to work in a conventional office setting, involving sitting at a desk or workstation for long periods of time. Must also be able to adapt to different work environments as needed to perform the job.

We are proud to be an EEO/AA employer M/F/D/V. We maintain a drug-free workplace and perform pre-employment substance abuse testing.