What are the responsibilities and job description for the Senior Manager, Consolidations position at UHY-US?
A great UHY client is seeking a Senior Manager, Consolidations to join their team. The ideal candidate will have a degree in accounting/finance, their CPA, public accounting experience, FX consolidation theory understanding, and experience with global/multinational companies.
The Senior Manager, Consolidations role is a hybrid role, with 4 days each week being onsite. This is a client direct hire position.
Senior Manager, Consolidations Key Responsibilities:
- Required to proactively partner with other finance personnel on a global basis to ensure all close related activities are accurately completed on a timely basis.
- Participate in monthly accounting review meetings with the business units, country controllers, and other corporate functions, such as tax, treasury, and legal, and coordinate follow-up items from these meetings.
- Provide accurate and timely dissemination of financial reports.
- Perform analytical review of operating results to ensure the accuracy of accounting records.
- Prepare consolidating journal entries for actual results, forecasts, and budgets.
- On occasion process post-close top-side journal entries on behalf of business units to facilitate timely closing of the books.
- Coordinate pushdown of top-side entries to business units’ general ledger in subsequent month.
- Identify and address accounting issues in a timely manner.
- Prepare and distribute intercompany out of balance reports to the business units.
- Prepare and distribute a monthly close communication to the users of the consolidation system.
- Review account reconciliations and ensure exceptions are corrected on a timely basis for various accounts including intercompany accounts, unconsolidated affiliates, and investment and equity accounts.
- Identify opportunities to simplify the current reporting and entity structure within the consolidation system.
- Process USD overrides and interact with global finance personal, including corporate groups such as tax, treasury, and legal, to substantiate changes in equity balances.
- Ensure adherence to all accounting policies and controls.
- Ensure SOX requirements are met and compliance is maintained at all times.
- Ensure all processes are appropriately documented and updated as needed.
- Draft or update accounting policies for complex consolidation matters, such as noncontrolling interests, variable interest entities, and foreign currency related matters.
- Support technical accounting group in preparation of the statement of cash flows for certain transactions related to consolidated and nonconsolidated affiliates, increases/decreases in investment ownership percentage changes, and new investments.
- Track and report on the progress of entity loads into the consolidation system during the monthly close.
- Track late journal entries for review and approval by the Chief Accounting Officer.
- Lead and or support ad-hoc projects as required.
- Collaborate with Separation team to assist with the accounting aspects of due diligence processes for potential buyers.
- Serve as a point of contact for internal and external stakeholders regarding accounting requirements for acquisition and divestiture transactions.
Senior Manager, Consolidations Qualifications:
- Bachelor’s or Master’s degree in Accounting required; CPA certification required; Master’s degree in Accounting, Finance or MBA preferred
- 4 – 8 years of work experience in public accounting and/or industry with progressive increase in responsibility
- Big 4 Public Accounting Firm experience working with multinational publicly traded companies, preferably in the automotive manufacturing (OEM supplier) or aftermarket industry
- Experience with accounting requirements in relation to divestitures and acquisitions
- Strong technical accounting background in US GAAP
- Strong analytical and trouble-shooting skills
- Team-oriented and able to perform tasks where time management is key
- Strong understanding of consolidation and foreign currency accounting theory
- A high degree of computer literacy, experience with ERP systems (e.g. SAP) required and consolidation systems experience required (e.g. Hyperion or One Stream)
- Strong understanding and experience in the preparation of a full Income Statement, Balance Sheet and Cash Flow Statement are required
- Sound planning and organizational skills, with an emphasis on continual process improvement, benchmarking and best practices
- Excellent communication and presentation skills, with the ability to articulate complex financial information to diverse audiences.
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