The Associate Director for Statutory Financial Reporting and Global Finance Policies will play a pivotal role in redefining our financial landscape, driving both strategic oversight of global finance policies and spearheading a transformative project to enhance the efficiency and compliance of the statutory financial reporting process. This person will report into the Sr. Director, BPO Management and support the month-end close process. They will also partner closely with the VP Finance and various members of the Finance senior leadership team to drive CFO organization and company initiatives.
Responsibilities:
Statutory Financial Reporting
* Ownership of the statutory financial reporting process for EU legal entities (currently 28) in compliance with relevant accounting standards and regulations; ultimate responsibility to ensure all accounts are filed on time.
* Partner with team members working on statutory financial reporting to ensure completion is on track.
* Liaise with local country advisors and manage local statutory financial reporting audits.
* Responsible for a transformative project to enhance the statutory financial reporting process:
o Design and implement streamlined processes to optimize efficiency, accuracy, and compliance.
o Collaborate closely with finance teams, external auditors, and other stakeholders to gather insights, feedback, and requirements.
o Explore partnerships and technological solutions to enhance the statutory financial reporting process to improve accuracy and reduce manual effort.
o Foster a culture of continuous improvement, providing ongoing support and guidance to ensure successful adoption of changes.
o Continuously improve process design focusing on simplification, standardization, and quality improvement.
o Evaluate best practices with global peers and become a best practice sponsor within the organization.
Support of Record to Report (RTR) function through BPO
* Provide support to the retained organization for management of the BPO.
* Oversight of the global balance sheet reconciliation process ensuring all reconciliations are completed and all reconciling items are dispositioned in a timely manner.
* Review and post monthly journal entries.
* Assist the BPO in resolution of escalated general ledger and reporting matters.
* Manage the intercompany process and partner with the tax team to transform and automate our intercompany transfer pricing process.
* Ensure compliance through frequent monitoring and emphasis on accuracy and adherence to policies.
Global Accounting Policy Owner
* Lead the development, implementation, and maintenance of global accounting policies to ensure consistency and compliance across all regions.
* Work closely with the Corporate Reporting team to ensure effective application of changes in international accounting standards (US GAAP & IFRS) and impact on the organization’s accounting policies.
* Provide accounting policy application guidance to Global Finance (FP&A) and other business partners as needed:
o Ensure compliance through frequent monitoring and emphasis on accuracy and adherence to policies and procedures.
* Collaborate with cross-functional business partners (Global Finance (FP&A), Treasury, Legal, IS, HR, Compliance, Commercial) to resolve issues, identify continuous improvement opportunities to drive industry-leading operational and reporting excellence.
* Coordinate with internal and external auditors and advisors.
* Streamline finance and accounting administrative processes to allow staff to perform effectively and efficiently.
* Ensure the application of the Company’s finance policies and procedures and internal controls in accordance with US GAAP and Sarbanes-Oxley.
Required Knowledge, Skills, and Abilities:
* Bachelor or master's degree in Finance or Accounting, and/or professional accounting qualification (ACA/ACCA) preferred.
* A minimum of 10 years of experience, preferably in a dynamic international organization.
* Ability to develop and maintain effective working relationships with a variety of stakeholders; consultative and collaborative style that allows for influence without authority. Strong leadership skills.
* Strong communication and presentation skills and a demonstrated track record of working effectively with senior-level executives and line-level managers.
* Ability to clearly assess complex issues, communicate them in a clear and concise manner, and develop appropriate solutions in a timely manner.
* Technologically proficient, especially with Excel and other Microsoft Office Applications.
* Enthusiastic, positive professional attitude with integrity and reliability.
* Strategic individual who can see the "big picture" and be future-thinking.
* Experience working in a global organization with knowledge of application of intercompany and transfer pricing structures.
* Experience partnering with outsourcing providers is an advantage.
* Solid knowledge of US and IFRS GAAP, internal controls, and financial reporting.
* Knowledge of the following systems is an advantage: SAP S/4HANA, BPC, Oracle, and Blackline.
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