Senior Manager Corporate Accounting

Company: Disability Solutions
Location: Libertyville
Posted on: November 1, 2024

Job Description:

We Make Life More Rewarding and Dignified Location: Libertyville Department: Finance Summary: The Senior Manager, Corporate Accounting is responsible for leading corporate accounting and global consolidation to deliver accurate and timely financial statements in accordance with US GAAP. This involves leading the global monthly statutory close process including analytical insights, annual preparation of the Company's consolidated financial statements and active audit support, active management of global accounting positions and significant transactions, and managing the integrity of accounting system data. This position reports to the Assistant Controller and frequently interacts with VP, Corporate Controller, corporate FP&A team, corporate tax team, corporate treasury team, global BU and plant controllers, corporate and external audit teams, and other executives. In addition, this role will be responsible for management and performance of US credit operations, US payroll and benefits, and mentoring and developing employees. Hollister Incorporated operates in a hybrid work environment. Responsibilities: 1. Lead the global monthly statutory close process, including analytical insights

• Lead the corporate close process for accurate global reporting. Lead improvements and efficiencies to drive the close process towards world-class performance versus our peers.
• Prepare and review the monthly globally consolidated statutory close including: consolidated income statement, consolidated balance sheet, change in book value, comparison of sales and earnings to various planning periods, and significant year-to-date adjustments
• Lead the monthly cross departmental close governance meetings with Treasury, Tax, Manufacturing Finance, KMT business unit finance and FP&A, including driving analytical insights over company financial data including balance sheet or income statement trends or issues. Additionally, this involves understanding the Finance reporting processes across the organization (Non-statutory) to understand the statutory impacts and to identify and assist others with the finance monthly reporting requirements.
• Review monthly journal entries, recurring entries and consolidating entries posted by the Corporate Accounting team
• Review trial balances submitted by Finance associates from various subsidiaries for accuracy and reasonableness
• Review monthly foreign currency gain/loss and non-operating analyses completed by the Corporate Accounting team for accuracy and reasonableness
• Prepare and present the monthly close recap to the finance leadership team 2. Annual preparation of the Company's consolidated financial statements and actively support the year-end audit
  • Prepare and review the Company's consolidated financial statements and required notes prior to submission to leadership
  • Lead with support from the Director Global Accounting in the coordination of the year-end consolidated close
  • Prepare and publish the consolidated close process and timing to all Finance associates. Collaborate across the entire finance organization to ensure local and US GAAP requirements are met and the timing of the close meets the necessary requirements from leadership.
  • Review various journals, trial balances, and consolidating entries required for the year-end close
  • Lead daily support of the global annual audit, including preparation, supervision and coordination of various interim and year-end audit requests 3. Active management of global accounting positions and significant transactions
    • Manage the implementation of new US GAAP accounting standards, as applicable
    • Assist with acquisition, divestiture or merger accounting, as necessary
    • Research US GAAP treatment as needed on unique transactions and events
    • Create/change/update various Finance policies and procedure documents, as necessary
    • Support the Director Global Accounting with ad-hoc requests
    • Prepare and support key topics for upcoming quarterly audit committee meetings
    • Develop and grow members of the corporate accounting function to become future leaders in the finance organization 4. Accounting system data integrity
      • Partner with FFG team to review and standardize processes and ensure business requirements are met
      • Review and update changes to SAP and BPC for GL accounts, company codes, transformation and conversion files, and various other Record to Report settings as necessary
      • Review security and access to various systems such as SAP, BPC Consolidations, team shared files and emails as necessary
      • Provide system training to ensure effective implementation
      • Be a subject matter accounting expert and also cross functionally leverage that understanding to support the impact on the global organization. This includes advising the IT team to where issues could be based and improvements can be made 5. Management and performance of US credit operations and US payroll
        • Review customer-level reporting on DSO, deductions, AR aging and payment history performed by Senior Credit Analyst to evaluate Customer Credit Risk
        • Review monthly bad debt reserve calculation and provide recommendation to US business unit finance and accounting team
        • Review account adjustments and adjust credit limit and/or terms as necessary in collaboration with Business Unit Finance
        • Improve processes to drive collections and team performance to strive towards world-class performance versus our peers
        • Step in where necessary to negotiate key settlements with customers on any outstanding balances under dispute.
        • Review the accuracy of US payroll for timely and accurate reporting
        • Develop and grow members of the credit function to become future leaders in the accounting and credit functions Requirements:
          • 8-12 years overall experience
          • 7+ years Accounting Experience
          • Bachelor's degree in Finance/Accounting or equivalent required
          • CPA Required
          • MBA preferred
          • Experience leading global accounting processes and teams
          • Will manage a team of 3-8 based on experience
          • People Management experience is required Specialized Skills:
            • Strong understanding of US GAAP
            • Experience with financial statement audits
            • Experience in managing and working with teams Other Requirements:
              • Ability to effectively partner and communicate with Corporate Leadership
              • Ability to apply accounting concepts and identify gaps
              • Ability to think cross-functionally
              • Ability to effectively prioritize multiple demands and meet deadlines
              • Significant finance and accounting knowledge
              • Advanced accounting skills, including preparing and review financial statements
              • ERP system knowledge required; SAP and BPC knowledge preferred
              • Advanced Excel knowledge
              • English required #LI-Hybrid Our Total Rewards package in aggregate is above market and includes competitive pay, generous paid time off programs, peer-to-peer recognition, health and life insurance, wellness programs and incentives, generous retirement savings, and a unique Benefit of Employee Share Ownership Program (BESOP). About Hollister Incorporated Hollister Incorporated is an independent, employee-owned company that develops, manufactures and markets healthcare products worldwide. The company spearheads the advancement of innovative products for ostomy care, continence care and critical care, and also creates educational support materials for patients and healthcare professionals. Headquartered in Libertyville, Illinois, Hollister has manufacturing and distribution centers on three continents and sells in nearly 80 countries. Hollister is a wholly owned subsidiary of The Firm of John Dickinson Schneider, Inc., and is guided both by its Mission to make life more rewarding and dignified for people who use our products and services, as well as its Vision to grow and prosper as an independent, employee-owned company, and in the process, to become better human beings.Hollister is an EO employer - M/F/Veteran/DisabilityJob Req ID: 33503

Keywords: Disability Solutions, Racine , Senior Manager Corporate Accounting, Executive , Libertyville, Wisconsin