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:
- Design and implement streamlined processes to optimize efficiency, accuracy, and compliance.
- Collaborate closely with finance teams, external auditors, and other stakeholders to gather insights, feedback, and requirements.
- Explore partnerships and technological solutions to enhance the statutory financial reporting process to improve accuracy and reduce manual effort.
- Foster a culture of continuous improvement, providing ongoing support and guidance to ensure successful adoption of changes.
- Continuously improve process design focusing on simplification, standardization, and quality improvement.
- 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:
- 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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