Financial Reporting Manager is responsible for managing the preparation and distribution of periodic financial statements for external use. Ensures that reports, filings and documentation complies with company's regulations, professional standards, and SEC and GAAP reporting guidelines. Being a Financial Reporting Manager manages the financial reporting staff May work with external auditors to provide requested information. May assist with the preparation of materials for board or shareholders. Additionally, Financial Reporting Manager requires a bachelor's degree in accounting or finance. Typically reports to a director. The Financial Reporting Manager manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be a Financial Reporting Manager typically requires 5 years experience in the related area as an individual contributor. 1-3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)
Description
Position Summary:
As a key team member working alongside the Senior Director, Accounting, this role focuses on assisting in the creation of financial reports for our parent company. You'll contribute to producing accurate and timely financial results, internal management reports, and maintaining internal control processes. Collaborate with various finance and business teams to ensure the proper recording of transactions, review journal entries, and support activities related to expenses and accruals.
Primary Duties:
1. Ensure the completion of all necessary deliverables for the closing schedule in US finance.
2. Maintain accuracy in assigned General Ledger reconciliations on a monthly basis.
3. Prepare and review P&L and Balance Sheet flux analysis at period close, addressing any potential misstatements.
4. Provide support to Manufacturing Controlling and Accounts Payable personnel as needed.
5. Assist in controlling area expense reviews, including explanations, reclasses, and monthly commentary.
6. Contribute to budget preparations and analysis as assigned.
7. Support both external and internal audits by providing source support and written explanations.
8. Manage various accounting entries, including Prepaid, Fixed Asset, Intercompany transactions, AP Accruals, Loans, and Equity.
9. Reconcile and report on all intercompany transactions for month-end and quarter-end.
10. Assist in the project management of reporting and compliance requirements for foreign subsidiaries.
11. Indirectly supervise approximately 2 team members.
Qualifications:
· Bachelor’s degree in Finance or Accounting with at least five years of relevant experience.
· 5 years of accounting experience required.
· Significant experience working with Financial Statements, including expertise in Balance Sheet, Income Statement, and Cash Flow reporting.
· Proven track record in organizations with annual revenue exceeding 6 million dollars.
Knowledge, Skills, and Abilities:
· In-depth experience with SAP and NetSuite is desirable.
· Proficient in Microsoft Office Suite (Excel, Word, PowerPoint, Outlook) and other business reporting tools.
· Strong communication skills, both verbal and written, with a demonstrated ability to translate technical financial information.
· Ability to tailor communication to different stakeholders, ensuring clarity and relevance.
· Experience in speaking effectively to a global audience, emphasizing the importance of clarity and cultural awareness in communication.
· Excellent organizational skills, attention to detail, and ability to meet deadlines.
· Problem-solving ability with diplomatic communication.
· Understanding of general accounting principles, including cut-off, accruals, deferred revenue and expenses, and Accrual Accounting.
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