Manager, Consolidations Job Description
Manager, consolidations
provides governance over financial master data for SEC and US GAAP reporting including Chart of Account review and approval.
Manager, Consolidations Duties & Responsibilities
To write an effective manager, consolidations job description, begin by listing detailed duties, responsibilities and expectations. We have included manager, consolidations job description templates that you can modify and use.
Sample responsibilities for this position include:
Reconciliation of income statement and balance sheet between US GAAP and IFRS standards
Work closely with local and divisional finance personnel to implement more efficient and effective processes
Work closely with local finance personnel and external auditors on key drivers of financial fluctuations
Participate in designing training sessions for the broader Finance organization about intercompany activity and foreign exchange impacts
Assist in the development of annual budgets, quarterly forecasts, and R&Os through collaboration with expense department managers and finance managers
Be responsible for internal management reporting on the consolidated Entertainment brands including P&Ls, monthly operating review presentations, and other monthly/quarterly/annual deliverables to the Entertainment management team and central finance
Consolidation of worldwide financial results and operating data for budget and forecast purposes the preparation of the consolidated Balance sheet, P&L and cash flow statements in accordance with US GAAP
Be the primary interface between Corporate Finance and BRSB Residential, manage and communicate deliverables and deadlines, ensuring requirements are well understood by the Reevnue and Expense teams
Obtaining subsidiaries’ revenue figures and input into consolidated sales file
Reconciling and confirming intercompany balances with subsidiaries and other group entities
Manager, Consolidations Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Manager, Consolidations
List any licenses or certifications required by the position: CPA, FCC, MBA, CMA, CA
Education for Manager, Consolidations
Typically a job would require a certain level of education.
Employers hiring for the manager, consolidations job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Accounting, Finance, Business, MBA, Education, Financial Planning, Management, Public Accounting, Business/Administration, Economics
Skills for Manager, Consolidations
Desired skills for manager, consolidations include:
US GAAP
GAAP and sound understanding of financial statement mechanics
US GAAP and SEC regulations
Oracle
SAP
Accounting budgeting
Business Objects
Complex automated ERP systems
Cost control procedures
Finance
Desired experience for manager, consolidations includes:
Three or more years of experience managing teams of two or more people
In depth knowledge of U.S. Generally Accepted Accounting Principles (GAAP) with proven ability in effectively applying GAAP to routine and more complex transactions and in the reporting of those transactions in the financial statements and notes to the financial statements
Consolidations, variance analysis and reporting experience
Familiarity with Sarbanes-Oxley regulations
Proficiency in Word and Power Point, excellent Excel skills
Executive management, board of directors and/or external reporting experience, in particular, SEC reporting
Manager, Consolidations Examples
1
Manager, Consolidations Job Description
Job Description Example
Our innovative and growing company is hiring for a manager, consolidations. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for manager, consolidations
- Month-end accrual for all outstanding intercompany AP/AR invoices
- Preparing sales by country and by currency
- Obtaining Profit & Loss from foreign subsidiaries and convert to USD
- Preparing various sales report
- Acting as a liaison with foreign subsidiaries and ascertain completeness of the reporting package
- Verifying that subsidiaries’ reporting packages are consistent with reporting requirements
- Maintaining and updating chart of accounts and account rule structure for U.S. and all foreign subsidiaries
- Implementation of new ERP and reporting system
- Building and maintaining financial reports structure within Management Reporter
- Analyzing monthly sales and operating profit with FX impact quarterly balance sheet
Qualifications for manager, consolidations
- Inter-company reconciliation and eliminations experience, including calculating inter-company profit eliminations
- Familiarity with impact of foreign currency remeasurement and/or translation on the financial statements
- Experience drafting control narratives and/or monitoring/testing controls
- Experience with Hyperion Financial Management, Hyperion Essbase, PeopleSoft general ledger, and/or Longview 7 or Khalix consolidations and reporting
- Preparing financial package for annual audit
- Preparing annual tax package
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Manager, Consolidations Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of manager, consolidations. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for manager, consolidations
- Book all intercompany journals during the month including raising and processing intercompany invoices on behalf of the initiators
- Own the set-up of new entities including coordinating with tax and treasury on capitalization, intercompany loans, and intercompany agreements
- Research intercompany out of balances and assist in resolving these out-of-balances as they occur
- Manage monthly financial consolidation process and review consolidated financial statements
- Accurate and timely preparation of internal and external financial schedules
- Administration of the General Ledger (Peoplesoft) and A&F’s budgeting system (Hyperion), including managing set-up and master data changes, including chart of accounts and department structures
- Deep knowledge of relationships and dependencies between the General Ledger, Hyperion and other A&F systems, and how they are reflected in the Company’s books and records
- Preparation and review of the Company’s statement of cash flows, for both consolidated and statutory audit purposes, including analysis of the impact of foreign exchange and currency translation adjustments
- Communicate and manage the monthly consolidated close process
- Manage integration of joint venture financial statements
Qualifications for manager, consolidations
- 6-10 years of business experience with consolidations
- Ability to manage multiple, competing priorities and escalate or resolve issues appropriately
- Effective collaboration with the Company’s internal and external reporting functions, internal and external auditors, IT, Tax and Treasury to support overall department goals and objectives
- Minimum of 8 years of industry and/or public accounting experience
- Knowledge of Peoplesoft and Hyperion, or similar systems, strongly preferred
- Experience with the consolidation process, including elimination entries, consolidating international entities with foreign currencies, preparing journal entries and maintaining a general ledger
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Manager, Consolidations Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of manager, consolidations. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for manager, consolidations
- Key approver of all finance master data in regard to entities, reporting structure, accounts and financial data
- Approve all enhancements or developmental changes in SAP system and those changes maintain or enhance the control environment
- Lead the FP&A function for BR Online by managing the compilation of financial results for the BR brand, understanding drivers of change within the financial results, presenting to the Sr
- Review and understand drivers of cost for key line items in the online P&L, including marketing, divisional (HQ), and shipping expenses
- Coordinate the consolidation of the Company’s financial information for use in SEC reporting
- Prepare and/or review guarantor financial information for use in the Company’s SEC reporting
- Review and provide feedback on the Company’s 10Ks, 10Qs, and other SEC reports
- Prepare financial information for use internally by the Company’s senior management
- Supervise the preparation of government financial surveys
- Act as a primary contact for the Company’s external auditors
Qualifications for manager, consolidations
- Excellent PowerPoint, Excel and financial modeling skills requiredCPA a plus
- Must be a motivated individual able to work well independently and handle multiple tasks simultaneously whileadhering to strict deadlines
- Must be well organized and highly self-motivated
- Maintain documentation supporting compliance with the Company’s SOX processes
- Supervise the maintenance of the Company’s consolidation software application
- Prepare and/or supervisor other projects, as required
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Manager, Consolidations Job Description
Job Description Example
Our growing company is looking to fill the role of manager, consolidations. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for manager, consolidations
- Provide management with monthly reporting and analysis
- Review and reconcile balance sheet accounts on a quarterly basis
- Analyze existing processes
- Assist in the management of overhead divisions
- Work across the business office to coordinate quarterly audit and accounting requests
- Manage accounting entries for corporate consolidation level transactions, , global FX, global intercompany
- Provide accounting support for subsidiary equity and loan transactions changes in legal structure
- Record and manage distribution of the consolidated top-side entries
- Manage the monthly analysis of the impact of foreign exchange and currency translation adjustments
- Oversee adherence to USGAAP and keep current with changes in accounting guidance
Qualifications for manager, consolidations
- Minimum five years of previous financial reporting experience (Big 4 public accounting experience preferred)
- Strong Excel skills (formulas, pivot tables, etc)
- Practical knowledge of US Generally Accepted Accounting Principles (GAAP)
- Working knowledge of FASB technical pronouncements SEC rules and regulations
- Demonstrated ability to drive intercompany consolidation processes
- Ability to address accounting issues and implement solutions
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Manager, Consolidations Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of manager, consolidations. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for manager, consolidations
- Ability to explain finance in a clear concise manner to audiences who are unfamiliar with finance
- The Manager FP&A R&D Finance Consolidations is responsible for managing Expense Consolidations and reporting for R&D
- Understand the interdependencies within Clinical Development to provide financial transparency to Finance and Business Partners
- The preferred candidate will manage various monthly and quarterly close and consolidations processes, including the recording of consolidating entries and reconciliation of intercompany and subsidiary transactions
- Preparation of monthly and quarterly account analyses and reconciliations for a number of general ledger accounts across entities
- Assist in the preparation of monthly consolidated financial statements and other consolidated deliverables
- Prepare consolidated schedules to internal and external auditors for quarterly reviews and annual audits, including certain financial statement footnotes
- Collaborate with cross-functional teams to identify opportunities to improve and standardize accounting processes including the Intercompany closing process while not sacrificing the quality of the resulting financial data
- Build highly collaborative relationships with key stakeholders including tax, treasury and other operational teams
- Assist in the ongoing development of the Company’s intercompany and other accounting operations related processes, policies, and procedures
Qualifications for manager, consolidations
- 8+ years of relevant work experience in public accounting and/or mid to large sized international corporations
- Fundamental knowledge and experience with general accounting, month end close procedures, eliminations and consolidations, accounting policy/concepts, controls, analytics, foreign currency issues and working with external auditors
- Direct consolidations experience with HFM (Hyperion Financial Management)
- Intermediate skills with Microsoft Office Suite, specifically Excel (pivot tables, Vlookup)
- Excellent written and verbal communication skills, interpersonal and relationship building skills
- Strong people management/leadership skills including mentoring of tenured staff, clarifying staff’s roles and responsibilities and fostering teamwork