Accounting Expert - M&A Senior Accountant

Company: PNC Financial Services Group
Location: San Diego
Posted on: April 10, 2025

Job Description:

Position OverviewAt PNC, our people are our greatest differentiator and competitive advantage in the markets we serve. We are all united in delivering the best experience for our customers. We work together each day to foster an inclusive workplace culture where all of our employees feel respected, valued and have an opportunity to contribute to the company's success. As an Accounting Expert within PNC's Fortis Advisors organization, you will be based in San Diego, CA.We are seeking a senior level accounting specialist to join our team. The successful candidate will be responsible for reviewing and commenting on the post-closing purchase price adjustment provisions and requirements of merger agreements (and discussing the same with the management of the selling company), evaluating post-closing financial statement submissions (e.g., the working capital adjustments) from buyers relating to those requirements, analyzing financial and accounting issues, interacting with selling shareholders, Fortis team members and external counsel, formulating strategies to resolve disputes through direct negotiations where possible, and managing mediation, arbitration and litigation of financial and accounting issues when necessary. The successful candidate will be an integral part of the Fortis team managing financial, accounting and tax matters. M&A transactions frequently involve the review and analysis of financial information after the closing of the deal. Often the review is non-controversial, but matters do arise which need to be addressed, challenged and even disputed from time to time. Issues can be wide ranging, but most frequently concern the financial structure of the acquisition, a company's working capital position, GAAP compliance vs. selling company past practices, revenue recognition, contingent and undisclosed liabilities, and vendor/customer issues.Job Description

• Reviews transaction documents (merger agreements, engagement agreements, etc.) for each deal to establish an understanding of the structure of each transaction and prepare for the working capital review process.
• Processes and reviews seller prepared and buyer-prepared working capital statements for alignment with the terms of the transaction agreement.
• Communicates with the seller senior management throughout the review process and facilitates discussions as needed with buyer contacts and counsel regarding the working capital statements, any proposed adjustments, and the review and analysis of complex transactions.
• Monitors the progress of client tax matters and coordinates between relevant parties to help ensure client tax obligations are completed timely.
• Maintains communication with other Fortis teams as needed to complete the working capital review processes or to hand off once the review is completed. Supports objectives outside of the working capital review process such as client expense reimbursements.PNC Employees take pride in our reputation and to continue building upon that we expect our employees to be:
  • Customer Focused - Knowledgeable of the values and practices that align customer needs and satisfaction as primary considerations in all business decisions and able to leverage that information in creating customized customer solutions.
  • Managing Risk - Assessing and effectively managing all of the risks associated with their business objectives and activities to ensure they adhere to and support PNC's Enterprise Risk Management Framework.QualificationsSuccessful candidates must demonstrate appropriate knowledge, skills, and abilities for a role. Listed below are skills, competencies, work experience, education, and required certifications/licensures needed to be successful in this position.Preferred SkillsBalance Sheets, Decision Making, Finance, Financial Reporting and Analysis, Generally Accepted Accounting Principles (GAAP), Management Reporting, Tax AnalysisCompetenciesAccounting, Accuracy and Attention to Detail, Effective Communications, Financial Analysis, Financial And Accounting Systems, Financial Reporting, Generally Accepted Accounting Principles (GAAP), Internal Controls, Sarbanes-Oxley ComplianceWork ExperienceRoles at this level typically require a university/college degree, with 5+ years of industry-relevant experience. Specific certifications are often required. In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.EducationBachelorsCertificationsNo Required Certification(s)LicensesNo Required License(s)Pay TransparencyBase Salary: $65,000.00 - $172,250.00. Salaries may vary based on geographic location, market data and on individual skills, experience, and education. This role is incentive eligible with the payment based upon company, business and/or individual performance.Application WindowGenerally, this opening is expected to be posted for two business days from 02/26/2025, although it may be longer with business discretion.BenefitsPNC offers a comprehensive range of benefits to help meet your needs now and in the future. Depending on your eligibility, options for full-time employees include: medical/prescription drug coverage (with a Health Savings Account feature), dental and vision options; employee and spouse/child life insurance; short and long-term disability protection; 401(k) with PNC match, pension and stock purchase plans; dependent care reimbursement account; back-up child/elder care; adoption, surrogacy, and doula reimbursement; educational assistance, including select programs fully paid; a robust wellness program with financial incentives.In addition, PNC generally provides the following paid time off, depending on your eligibility: maternity and/or parental leave; up to 11 paid holidays each year; 8 occasional absence days each year, unless otherwise required by law; between 15 to 25 vacation days each year, depending on career level; and years of service.To learn more about these and other programs, including benefits for full time and part-time employees, visit .Disability Accommodations StatementIf an accommodation is required to participate in the application process, please contact us via email at . Please include "accommodation request" in the subject line title and be sure to include your name, the job ID, and your preferred method of contact in the body of the email. Emails not related to accommodation requests will not receive responses. Applicants may also call 877-968-7762 and say "Workday" for accommodation assistance. All information provided will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.Equal Employment Opportunity (EEO)PNC provides equal employment opportunity to qualified persons regardless of race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, veteran status, or other categories protected by law.This position is subject to the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA) and, for any registered role, the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) and/or the Financial Industry Regulatory Authority (FINRA), which prohibit the hiring of individuals with certain criminal history.California ResidentsRefer to the to gain understanding of how PNC may use or disclose your personal information in our hiring practices.
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Keywords: PNC Financial Services Group, Downey , Accounting Expert - M&A Senior Accountant, Accounting, Auditing , San Diego, California