Director of Consolidation

Superior Essex•Sandy Springs, GA

3d•Onsite

About The Position

The Director of Consolidation is responsible for all systems and processes related to the preparation and consolidation of Essex Solutions group books, including Corporate, Business Unit, and Regional general ledgers and related subsidiaries. This role involves preparing and overseeing consolidation, related elimination entries, and topside and investment entries. The Director ensures that the company's financial statements are prepared in accordance with generally accepted accounting principles (dual reporting of both US GAAP and IFRS), with responsibility for internal controls over financial reporting, disclosure controls, accounting and control policies and procedures, and compliance with all regulatory reporting requirements. The position oversees and directs the preparation of monthly, quarterly, and annual consolidated financial statements. The Director will assist the CFO in establishing company-wide accounting policies and serve as the primary resource and point of contact for technical accounting matters. Additionally, the role involves assisting the CFO and serving as a liaison with the company’s external auditors on all accounting and external reporting matters, as well as related internal control matters. A key responsibility is to maintain a corporate accounting financial organization capable of supporting a multi-national, multi-business unit company. The role also supports other financial and/or analytical functions at the corporate level, including defined benefit plan actuarial assessment and interpretation, group medical and workers compensation reserve analytics, participation in tax planning analysis, business valuation exercises, and other special projects. The Director is expected to seek continuous improvement in all areas, including financial and management reporting, systems, policies, and procedures, and to serve as a change agent globally to drive the implementation of best practices. Oversight of accounting for international operations, developing cooperative relationships with international accounting/finance personnel, and overseeing the monthly closing process, including translation and consolidation of financial statements with an emphasis on manual processes, are also key duties. The role includes reviewing balance sheet and income statement fluctuations, ensuring compliance with accounting policies, procedures, internal controls, and US GAAP/IFRS, and serving as the enterprise-wide point of contact for global consolidation and technical accounting guidance. Facilitating corporate accounting initiatives, including reporting and system implementations, and coordinating data collection for Korean public company external reporting are also part of the responsibilities.

Requirements

Bachelor or foreign equivalent degree in Business Administration, Finance, Accounting, Business Management, or a related field plus 10 years of experience in either public or private accounting environment with experience in accounting management.
9 years of experience providing global accounting and consolidation support, including Asia and Europe.
8 years of financial consulting experience focused on reporting and auditing.
8 years of experience with SAP, Axiom/MX Open General Ledger, and Consolidation Tool (Business Objects).
7 years of experience with Business Objects or equivalent consolidation tools.
5 years of experience with International Financial Reporting Standards (IFRS).
5 years of experience with ERP implementations for General Ledger and large-scale world-wide consolidations.
KICPA and AICPA certifications required.
Ability to read, write and speak Korean preferred.
Extensive IFRS knowledge and experience; International Accounting exposure to both Europe and Asia Pacific required.
Minimum 8-10 years’ financial consulting experience focused on reporting and auditing.
Minimum 10 years’ experience in either public or private accounting environment with experience in accounting management.
Minimum of 10 years’ experience providing global accounting and consolidation support, including Asia and Europe.
International business experience is essential.
Previous Industrial or Manufacturing experience.
Must possess strong technical, analytical, valuation and communication skills.
Exposure to financing, treasury, commodities and other complex monetary activities is also preferred.
Financial Leadership Skills: Able to completely address all issues that arise from an accounting and financial reporting perspective. Demonstrates a broad understanding of accounting and compliance issues and their impact on the business. Makes sound, timely decisions based on an analysis of the available information and prior experience.
Proven Analytical and Problem Solving Skills.
Team Leadership and Developmental Skills.
Superior understanding of all aspects of accounting including general ledger accounting, various cost accounting / manufacturing systems, reporting systems, consolidation process, statutory, USGAAP and IFRS differences.
Ability to work well with business unit leadership and collaborate effectively.
Ability to meet tight deadlines in an extremely fast paced environment.
Superior computer skills necessary – excel, word, power point, accounting software experience.
Demonstrated competencies in business partnership, continuous improvement and collaboration.
Experience with SAP, Axiom/MX Open General Ledger, Consolidation Tool (Business Objects) or equivalent.
Experience with ERP implementations for General Ledger and large-scale world-wide consolidations.
Experience with Business Objects or equivalent consolidation tools.

Nice To Haves

Ability to read, write and speak Korean preferred.

Responsibilities

Responsible for all systems and processes related to the preparation and consolidation of Essex Solutions group books including all Corporate, Business Unit and Regional general ledgers and related subsidiaries.
Prepare and oversee the consolidation, related elimination entries, topside and investment entries.
Ensure company’s financial statements are prepared in accordance with generally accepted accounting principles (dual reporting of both US GAAP and IFRS) including responsibility for internal controls over financial reporting, disclosure controls, accounting and control policies and procedures, and compliance with all regulatory reporting requirements.
Oversee and direct the preparation of monthly, quarterly and annual consolidated financial statements.
Assist the CFO in establishing company-wide accounting policies and serving as the primary resource and point of contact for technical accounting matters.
Assist the CFO and serve as liaison with the company’s external auditors on all accounting and external reporting matters and on any related internal control matters.
Maintain a corporate accounting financial organization capable of supporting a multi-national, multi-business unit company.
Support other financial and/or analytical functions at the corporate level including, but not limited to defined benefit plan actuarial assessment and interpretation, group medical and workers compensation reserve analytics, participation in tax planning analysis, business valuation exercises (for tangible and goodwill valuation purposes), and other job related special projects.
Seek continuous improvement in all areas including financial and management reporting, systems, policies, and procedures.
Exercise independent thought to constantly challenge and improve the status quo.
Serve as a change agent globally to drive the implementation of best practices in the business.
Provide oversight of accounting for international operations.
Develop cooperative relationships with accounting/finance personnel in international operations.
Oversee monthly closing process including the translation and consolidation of financial statements with special emphasis on highly manual processes.
Review balance sheet and income statement fluctuations on a monthly basis to assist in management’s review of the operating results.
Ensure compliance with the company’s accounting policies, accounting procedures, internal controls and US GAAP / IFRS.
Serve as enterprise-wide point of contact for global consolidation and issuing technical accounting guidance on both US GAAP and IFRS accounting matters.
Facilitate the completion of corporate accounting initiatives, including accounting reporting and system implementations.
Facilitate/coordinate the collection and production of data for Korean public company external reporting.