Consolidations and Financial Reporting Manager

FCX Performance • Cleveland, OH

3d • Onsite

About The Position

The Manager, Consolidations and Financial Reporting is responsible for the month‑end consolidated close and internal financial reporting for Applied Industrial Technologies, a public company with revenues of $4.8 billion, with a legal entity structure of 70 entities, and a presence in seven countries. The incumbent is responsible for managing the monthly consolidated closing and financial reporting processes, preparing internal and supporting external financial statements, managing supporting consolidations systems, ensuring adequate internal controls are established and operating for this function, and complying with accounting practices, rules and regulations relevant to this role. Key aspects of the role include controlling the consolidation accounting and intercompany eliminations; maintaining a global chart of accounts; understanding legal entity structures; supporting both external and management reporting, including maintaining accounting records in profit and cost centers; and developing and performing regular reporting to business partners. The ideal candidate possesses a deep understanding of the closing and consolidation process, accounting practices, procedures and policies utilized to perform a consolidation of financial results through a consolidations tool (e.g. BPC, Hyperion, OneSource). This includes having a good understanding of the underlying ERP and accounting systems landscape to maintain the global books of record for the Company. This role requires a strong ability to collaborate across finance and at times, other functions, lead processes to timely meet deadlines, and support and manage change coming from company initiatives or as new regulations are enacted. The incumbent will interface with and coordinate the delivery of financial results with both the CAO and the financial planning and analysis (FP&A) teams to deliver accurate, timely consolidated financial statements and related reporting. This position reports directly to the Director – Financial Reporting and Acquisition Accounting of Applied Industrial Technologies (Applied), a U.S.-based public company traded on the NYSE. The incumbent is also a key business partner to members of the senior management team and their direct reports to ensure there is sufficient understanding of consolidate financial results.

Requirements

• Bachelor’s degree in accounting, finance, or related field
• At least 7 years of progressive experience in finance and accounting
• Preferably a minimum of 3 years in a large public accounting firm and in financial reporting, technical accounting, or a related field
• Experience working with or in a U.S.-listed public company
• Strong experience working with U.S. GAAP, including ASC 805 – Business Combinations, ASC 810 – Consolidations, and ASC 830 – Foreign Currency Matters
• Demonstrated experience overseeing financial operations, financial reporting or controlling in a multi-legal entity environment, preferably within manufacturing, retail, or multinational organizations
• Experience managing financial teams across multiple locations or managing cross-border teams and in a matrix organization through influence

Nice To Haves

• MBA or advanced degree preferred
• CPA or equivalent professional financial designation highly desirable
• Experience with SEC reporting and public company disclosures, a plus
• Global entities and multi-currency consolidations preferred

Responsibilities

• Managing the monthly consolidated closing and financial reporting processes
• Preparing internal and supporting external financial statements
• Managing supporting consolidations systems
• Ensuring adequate internal controls are established and operating for this function
• Complying with accounting practices, rules and regulations relevant to this role
• Controlling the consolidation accounting and intercompany eliminations
• Maintaining a global chart of accounts
• Understanding legal entity structures
• Supporting both external and management reporting, including maintaining accounting records in profit and cost centers
• Developing and performing regular reporting to business partners
• Collaborating across finance and other functions
• Leading processes to timely meet deadlines
• Supporting and managing change coming from company initiatives or as new regulations are enacted
• Interfacing with and coordinating the delivery of financial results with both the CAO and the financial planning and analysis (FP&A) teams
• Supporting external audits and SOX testing

Benefits

• Equal opportunity employer
• Fair treatment
• Growth opportunities for everyone

What This Job Offers

• Job Type: Full-time
• Career Level: Manager