Head of Consolidation

Holcim - Chicago, IL

Full-time - Senior

Chicago, IL

Nonmetallic Mineral Product Manufacturing

About the position

The Head of Consolidation is responsible for overseeing the consolidation of financial statements and ensuring compliance with US GAAP and PCAOB standards. This role involves leading the consolidation process for the company's global operations and providing accurate and timely consolidated financial reports for internal and external stakeholders. The Head of Consolidation will also play a key role in the development and implementation of financial reporting systems and processes, particularly utilizing Tagetik.

Responsibilities

• Lead the consolidation process for all subsidiaries and entities, ensuring accurate and timely financial reporting.
• Oversee the preparation of consolidated financial statements in compliance with US GAAP and PCAOB standards.
• Ensure all intercompany transactions and balances are accurately eliminated in the consolidation process.
• Develop and implement consolidation policies and procedures to ensure consistency and compliance across the organization.
• Collaborate with regional and local finance teams to gather and validate financial data, ensuring the accuracy and completeness of the consolidation process.
• Review and analyze consolidated financial results to identify trends, variances, and areas for improvement, providing actionable insights to senior management.
• Support the external reporting team in preparing SEC filings (10-Q, 10-K) and other regulatory requirements.
• Manage the preparation of consolidated cash flow statements and related disclosures.
• Provide guidance on the adoption and implementation of new accounting standards related to consolidation, ensuring compliance with US GAAP and PCAOB standards.
• Develop and maintain robust internal controls over the consolidation process, working closely with the internal controls team to ensure compliance.
• Lead and mentor a team of consolidation accountants, providing direction, support, and development opportunities.
• Participate in the development and implementation of financial reporting systems and processes, particularly using Tagetik.
• Continuously identify opportunities for process improvements and implement solutions to enhance the efficiency and accuracy of the consolidation process.
• Provide training and support to finance teams on consolidation processes, internal controls, and the use of Tagetik.

Requirements

• Bachelor's degree in Accounting, Finance, Business Administration, or a related field.
• Master's degree preferred.
• Minimum of 8-10 years of experience in financial reporting, consolidation, or a related field.
• Strong background in working with US GAAP and PCAOB standards.
• CPA certification.
• Proficiency in financial consolidation software (particularly Tagetik) and Microsoft Office applications.

Nice-to-haves

• Extensive experience with SEC reporting requirements and a thorough understanding of consolidation accounting principles.
• Demonstrate a commitment to communicating, improving and adhering to health, safety and environmental policies in all work environments and areas.
• Promote a culture of safety and exhibit these behaviors.

Benefits

• Competitive salary
• Retirement Savings: Choose from 401(k) pre-tax and/or Roth after-tax savings
• Medical, Dental, Disability and Life Insurance
• Holistic Health & Well-being programs
• Health Savings Accounts (HSAs) & Flexible Spending Accounts (FSAs) for health and dependent care
• Vision and other Voluntary benefits and discounts
• Paid time off & paid holidays
• Paid Parental Leave (maternity & paternity)
• Educational Assistance Program
• Dress for your day