Our client is a prominent and global player in the business services industry. There is now a need for the business to hire an experienced individual as their Group Consolidation Manager.
Please contact Matthew Chan or email your cv directly in word format to commerce@theedgepartnership.com
Please note that due to the high number of applications only shortlisted candidates will be contacted. We regret to inform you that your application for this position was unsuccessful if you do not hear from us in the next 5 business days.
EA License: 16S8131
Recruiter License: R21104669
commerce@theedgepartnership.com
Key responsibilities
Financial Consolidation:
- Overseeing the consolidation of financial statements from various entities within the group.
- Ensuring compliance with accounting standards and regulations (e.g., IFRS, GAAP) during the consolidation process.
Intercompany Transactions:
- Managing and reconciling intercompany transactions to eliminate any discrepancies.
- Collaborating with finance teams across subsidiaries to resolve intercompany issues and ensuring accurate elimination entries.
Financial Reporting:
- Preparing and presenting consolidated financial reports for internal and external stakeholders.
- Providing insights into the financial performance of the entire group.
Compliance and Auditing:
- Ensuring compliance with relevant accounting standards and regulations.
- Collaborating with internal and external auditors during the audit process.
Forecasting and Budgeting:
- Participating in the budgeting and forecasting process for the group.
- Analyzing financial data to support strategic planning and decision-making.
Process Improvement:
- Identifying opportunities to enhance the efficiency and effectiveness of the consolidation process.
- Implementing best practices and process improvements to streamline financial reporting.
Role requirements
Educational Background:
- A bachelor’s degree in Accounting, Finance, Business Administration, or a related field is typically required.
- Many employers prefer candidates with advanced degrees such as a Master’s in Business Administration (MBA) or a Master’s in Accounting.
Professional Qualifications:
- Professional certifications such as Certified Public Accountant (CPA), Chartered Accountant (CA), or equivalent, depending on the country or region.
- Familiarity with International Financial Reporting Standards (IFRS) or Generally Accepted Accounting Principles (GAAP) is often necessary.
Experience:
- Several years of experience in financial reporting, consolidation, and accounting.
- Experience in a managerial or supervisory role, preferably in a group consolidation capacity.
- Experience working with multinational corporations.
Technical Skills:
- Proficiency in financial consolidation software and Enterprise Resource Planning (ERP) systems.
- Advanced knowledge of Microsoft Excel and other relevant financial software.
- Familiarity with financial modeling and analysis.
Analytical and Problem-Solving Skills:
- Strong analytical skills to interpret complex financial data and identify trends.
- Ability to solve problems related to intercompany transactions, currency conversions, and other consolidation challenges.
Communication Skills:
- Excellent written and verbal communication skills for preparing and presenting financial reports to stakeholders.
- Ability to communicate effectively with finance teams across various subsidiaries.
Leadership and Management Skills:
- Leadership qualities to manage a team and coordinate with different departments.
- Ability to provide guidance and direction in a complex and dynamic environment.
Regulatory Compliance:
- Knowledge of and ability to ensure compliance with relevant accounting standards, laws, and regulations.
Attention to Detail:
- Meticulous attention to detail to ensure accuracy in financial reporting and consolidation.
Adaptability and Continuous Learning:
- Ability to adapt to changes in accounting standards and industry practices.
- Willingness to engage in continuous learning to stay updated on relevant financial and accounting trends.