Financial Reporting Operations Manager

2 weeks ago

East Hanover, New Jersey, United States Hire Point Recruiting Full time
Job Description

Position Overview:

The Senior Financial Reporting Manager will play a pivotal role in overseeing the financial reporting processes to ensure compliance with Generally Accepted Accounting Principles (GAAP) and relevant regulations. This position demands exceptional analytical abilities, meticulous attention to detail, and a collaborative spirit to uphold the accuracy of financial data and reporting.

Key Responsibilities:

  • Manage the monthly financial consolidation for the parent organization and its subsidiaries, including tasks such as foreign currency translation and intercompany profit analysis.
  • Prepare consolidated financial statements on a monthly, quarterly, and annual basis, ensuring adherence to U.S. GAAP standards.
  • Compile and generate cash flow statements for all entities, including international subsidiaries, in line with U.S. GAAP.
  • Oversee monthly closing activities, which include preparing journal entries, reconciling accounts, and conducting variance analyses across multiple subsidiaries.
  • Ensure the integrity of the financial reporting process while maintaining robust financial controls.
  • Conduct cost accounting for manufacturing operations, focusing on variance analysis and cost absorption evaluations.
  • Develop and track key performance indicators related to manufacturing efficiency and performance.
  • Collaborate with internal departments to gather necessary data for monthly closing and variance analysis.
  • Engage in the annual budget preparation and quarterly forecasting processes.
  • Work closely with external auditors to facilitate the annual audit process.
  • Participate in physical inventory counts, identifying and reconciling discrepancies.
  • Prepare schedules for quarterly income tax estimates.
  • Maintain the Fixed Assets register and calculate monthly depreciation.
  • Perform calculations for Foreign Exchange Gain/Loss.
  • Support special projects and initiatives as required.
  • Ensure compliance with company policies and applicable laws.
  • Travel as necessary to other company locations or customer sites.
  • Perform additional duties as assigned.

Qualifications:

  • Bachelor's Degree in Accounting, Finance, Business, or a related field, with 8-10 years of relevant experience, or an equivalent combination of education, skills, and experience.
  • CPA certification or a Master's degree is preferred.
  • Strong understanding of generally accepted accounting principles (GAAP) and experience in financial statement preparation and consolidation.
  • Cost accounting experience in a manufacturing environment is essential.
  • Proficiency in Microsoft Excel, Word, and Access, with the ability to quickly learn and navigate software systems.
  • Hands-on approach with a strong ability to meet deadlines, manage multiple tasks, and work independently.
  • Strong problem-solving skills, with the ability to analyze information, identify root causes, and present clear analysis and solutions to senior management.
  • Exceptional written and verbal communication skills, with a high level of attention to detail and organization.
  • Experience with Infor Visual or similar ERP systems is preferred.
  • Background in an industrial products or manufacturing business, with auditing experience in similar industries, is a plus.

Salary Range: $120k - $140k

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