Consolidation Manager

Company Overview:

Vantedge Medical is a leading contract manufacturer in the med-tech industry, specializing in high-quality manufacturing solutions for medical device companies. With a focus on precision, innovation, and regulatory compliance, we continue to expand our business globally. We are looking for a skilled Consolidations Manager to manage and oversee the company’s financial consolidation processes.

Position Overview:

The Consolidations Manager will be responsible for managing the consolidation of financial statements across all subsidiaries and business units. This position plays a key role in ensuring accurate and timely financial reporting, supporting both internal management and external regulatory requirements. The ideal candidate will have strong technical accounting skills, experience in complex consolidations, and a deep understanding of accounting principles, especially in a multi-entity environment.

Key Responsibilities:

• Lead the consolidation process for monthly, quarterly, and annual financial statements, ensuring timely and accurate reporting.
• Coordinate with accounting teams across subsidiaries to gather, review, and ensure proper consolidation of financial data.
• Prepare and review consolidated balance sheets, income statements, and cash flow statements in compliance with GAAP and international accounting standards.
• Oversee the identification, analysis, and elimination of intercompany transactions and balances to ensure consolidated financials are accurate.
• Manage intercompany reconciliation processes and ensure consistency across all entities.
• Ensure proper treatment of intercompany investments, loans, and dividends within consolidation.
• Prepare and review consolidated financial reports for internal management and external stakeholders, including the Board of Directors, investors, and auditors.
• Ensure compliance with US GAAP, IFRS (if applicable), and other relevant accounting standards and regulatory requirements.
• Support the external audit process by providing required documentation and resolving any audit issues related to consolidation.
• Identify and implement improvements to the consolidation process to streamline reporting timelines, enhance accuracy, and improve system efficiencies.
• Work closely with IT and accounting teams to enhance and optimize ERP systems and consolidation tools for better integration and reporting.
• Develop and implement policies, procedures, and controls to ensure the integrity and accuracy of financial consolidation.
• Collaborate with finance, accounting, and tax departments to ensure alignment on consolidation methods and treatment of specific transactions.
• Work with business unit leaders to ensure that financial reporting is in line with business strategies and any changes to the business structure are reflected in consolidated reports.
• Provide guidance and training to subsidiary finance teams on consolidation processes and reporting requirements.
• Provide ad-hoc financial analysis and insights to senior management on consolidated performance, including variance analysis, forecasting, and business trends.
• Support the integration of newly acquired companies into the consolidation process, including coordinating due diligence and financial reporting integration.

Qualifications:

• Bachelor’s degree in Accounting, Finance, or a related field. CPA, CMA, or MBA is preferred.
• 5 years of experience in financial accounting or consolidations.
• 2 years in a management or supervisory role.
• Experience in a Private Equity owned business is a plus.
• Experience in a global, multi-entity organization, preferably in the med-tech, manufacturing, or healthcare industry.
• Strong understanding of US GAAP, and financial consolidation methods.
• Experience with ERP systems (e.g., SAP, Oracle, NetSuite, Infor Visual) and financial consolidation tools (e.g., Hyperion, OneStream).
• Strong technical accounting and consolidation skills.
• Excellent analytical and problem-solving abilities.
• Attention to detail and ability to work in a fast-paced environment.
• Ability to manage multiple projects simultaneously and work under pressure.
• Strong communication skills, with the ability to explain complex accounting concepts to non-financial stakeholders.
• Highly skilled in Microsoft Excel and various financial reporting tools, with expertise in automation, modeling, and data visualization.

Salary : $130,000 - $145,000