The Director, Accounting & Finance provides strategic leadership and oversight for the organization's accounting, finance, reporting, budgeting, forecasting, tax, audit, compliance, and cash management functions. This role ensures the accuracy and integrity of financial information, maintains strong internal controls, and supports alignment with GAAP, parent company requirements, and organizational goals. The Director partners closely with senior leadership, internal departments, external auditors, tax advisors, banking partners, and the Parent Company to deliver timely financial analysis, strengthen operational efficiency, and guide the Accounting & Finance Department in meeting business objectives.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.Financial Reporting
- Ensure all financial transactions are processed timely and accurately in a proper accounting period in accordance with GAAP.
- Analyze operating results and variance to plan.
- Oversee the accuracy of monthly sales and financial reports and provide resulting commentaries to management regarding major variances.
- Review monthly financial reports for senior management.
- Attend monthly Group Executive Meetings and present group financial results.
- Lead the monthly meetings with other departments to review and analyze their performance.
- Review and submit consolidation package and related disclosure items to Parent Company on a quarterly basis.
- Review quarterly and annual consolidated financial statements.
- Present financial results to management.
- Manage and complete requirements for quarterly review and annual audit performed by external financial auditors.
- Remediate control deficiencies reported by external financial auditors.
- Coordinate with internal audit team and external financial auditors to satisfy J-SOX requirements under scopes specified by Parent Company.
- Assist Accounting Team at Parent Company in responding to inquiries from their external auditors during their quarterly review and annual audit.
- Assist Accounting Teams of consolidated subsidiaries in issues affecting consolidation reporting to Parent Company.
- Determine and prepare memorandum and analyses required for new or updated accounting standards and audits.
Budgeting and Forecasting
- Assist sales companies with updating their forecast and provide TTR supports on updating group forecast.
- Lead the strategic aspects of the annual operating plan and budget process by coordinating key assumptions with outside sources and other management teams.
- Outline and develop advanced reporting models to streamline monthly reporting and budgeting/forecasting processes.
- Lead the Mid-Term Plan process by working with the various stakeholders.
- Provide updated annual forecasts and assessments to management and TTR.
Tax Administration
- Review quarterly and annual income tax provisions external tax specialists prepare.
- Coordinate with external tax specialists to complete quarterly review and annual audit of income tax provisions.
- Oversee return filings and payments for federal excise tax, sales and use tax and property tax, federal income tax, state income taxes, state excise taxes, and state business taxes.
- Coordinate with external tax specialists to perform nexus study for state income taxes on a periodic basis.
- Coordinate audits by outside tax agencies.
- Work with external transfer pricing specialist to update and maintain APA agreement.
- Monitor P&L and adjust purchase price as necessary for transfer pricing.
Cash Management
- Review daily bank borrowing to ensure corporate cash requirements are met.
- Ensure sweep loan borrowing does not exceed target amount.
- Communicate with bank to maintain good relationship.
- Control and forecast daily/monthly cashflow.
Managerial
- Supervise and provide guidance to the staff of the Accounting & Finance Department to improve the level of the department.
- Establish and maintain accounting policies, procedures and internal control systems.
- Schedule departmental work and ensure deadlines are met.
- Provide a high-level final review of the accuracy and completeness of works prepared by the staff.
- Achieve company goals with respect to Accounting and Finance.
- Ensure all TTR-requested items are completed on a timely basis.
- Ensure accounting policies, procedures, and internal control systems are adhered to.
Other duties as assigned.
The salary range for this position is $200,000 - $230,000
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Proficiency in Japanese is required, including the ability to communicate effectively in both written and spoken Japanese.
- Excellent written and verbal communication skills with the ability to interact comfortably within all levels of the organization including the CEO, CFO and COO.
- Extensive experience conducting quantitative and qualitative financial analysis including financial modeling and scenario analysis.
- Strong financial analysis skills.
- Strong multi-tasking and organizational skills.
- Proven ability to supervise subordinates.
- Experience with accounting systems and practices.
- Attention to detail and accuracy.
- Proven ability to present and explain financial data and analysis to both finance and non-finance personnel.
- Willingness to go the extra mile to complete tasks accurately and on time.
- Expert level proficiency with MS Office; advanced skill set with Excel.
- Ability to follow all Company policies and safety guidelines.
SUPERVISORY RESPONSIBILITIESSupervise subordinates to support the functions of the position. Responsible for the overall direction, coordination and evaluation of this function. Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include interviewing, hiring, training employees; planning, assigning and directing work; appraising performance; rewarding, disciplining employees; addressing complaints and resolving problems.
EDUCATION and/or EXPERIENCEMust have a Bachelor's degree from a four-year institution in Accounting or equivalent field. CPA certification required. Twenty plus (20 +) overall years of solid, progressive accounting management experience required.
