Scott M. Reed, Cpa
About Scott M. Reed, Cpa
Scott M. Reed, CPA, serves as the Vice President and Assistant Director of Regulatory Reporting & Accounting Operations at Customers Bank. He has extensive experience in regulatory reporting and financial operations, having held key positions at Santander Bank, JPMorgan Chase, and BDO USA.
Current Role at Customers Bank
Scott M. Reed serves as the Vice President and Assistant Director of Regulatory Reporting & Accounting Operations at Customers Bank. He has held this position since 2021 and is based in Reading, Pennsylvania. In this role, he oversees regulatory reporting and accounting operations, ensuring compliance with financial regulations and enhancing reporting accuracy.
Previous Experience at Santander Bank
Before joining Customers Bank, Scott worked at Santander Bank, N.A. from 2012 to 2017. He initially served as an Accounting and Financial Analyst focusing on Regulatory Reporting for two years. He then advanced to the position of Manager for Regulatory Capital Reporting, where he worked for three years in Wyomissing, Pennsylvania.
Experience at JPMorgan Chase & Co.
Scott held multiple roles at JPMorgan Chase & Co. from 2017 to 2020. He was Vice President of Corporate and Investment Bank External Financial Reporting for one year, followed by a two-year tenure as Vice President of Capital Management. His work in these roles took place in Newark, Delaware, where he contributed to financial reporting and capital management strategies.
Educational Background in Accountancy
Scott M. Reed earned a Bachelor of Science degree in Accountancy from California State University-Northridge. His studies spanned from 2003 to 2006, providing him with a solid foundation in accounting principles and practices.
Achievements in Financial Reporting Automation
Throughout his career, Scott has implemented significant improvements in financial reporting processes. He utilized advanced Excel security features to reduce manual input and errors. Additionally, he automated a complex reporting process, which led to a reduction of approximately 50 man-hours per month in production time. He also spearheaded work paper standardization initiatives, resulting in streamlined workflows and fewer audit comments.