Job DescriptionJob Summary:The Manager, Consolidations is responsible for the execution and oversight of key corporate accounting activities across a multi-entity organization, with primary responsibility for financial consolidations, elimination entries, intercompany accounting, and related reconciliations. This role helps ensure accurate and timely consolidated financial results by coordinating consolidation activities, reviewing intercompany balances and eliminations, resolving accounting and system issues, and maintaining strong supporting documentation and internal controls. The position manages and develops accounting professionals and partners with corporate and business-unit finance teams to improve the accuracy, efficiency, and scalability of consolidation and intercompany processes.
Job Duties:- Manages the execution of monthly, quarterly, and annual consolidation activities for domestic and international entities, including review of entity submissions, consolidation adjustments, currency translation, noncontrolling interests, and consolidated financial results
- Manages the preparation and documentation of intercompany eliminations, including revenue and expense, receivables and payables, investments and equity, and applicable unrealized intercompany profits
- Oversees intercompany reconciliations and investigates differences between entities; coordinates with accounting teams to resolve out-of-balance positions and ensure intercompany accounts are reconciled within established close timelines
- Applies established intercompany accounting policies, reconciliation standards, settlement procedures, and close requirements and assists in identifying opportunities to improve or standardize those processes
- Reviews consolidation and elimination journal entries, account reconciliations, rollforwards, and supporting schedules for completeness, accuracy, appropriate support, and compliance with company policy and U.S. GAAP
- Coordinates assigned activities of the close calendar, monitor dependencies and outstanding items, escalates issues a applicable, and ensure reporting deadlines are met
- Reviews consolidation results and performs variance, trend, and reasonableness analyses to identify unusual activity, potential errors, or incomplete consolidation and elimination entries
- Assists with internal and external audit requests related to consolidations, eliminations, intercompany balances, foreign currency matters, and related controls and supporting documentation
- Maintains effective internal controls and documentation over assigned consolidation and elimination processes and assists with the identification and remediation of control or process deficiencies
- Assists management with special projects, accounting research, system enhancements, organizational changes, and other corporate accounting initiatives as needed
- Other duties as required
Supervisory Responsibilities- Recruits, coaches, and develops accounting team members; establishes clear objectives, provides ongoing feedback, and promotes accountability, collaboration, and continuous improvement
- Monitors and provide performance feedback of team members throughout the performance year
- Ensures all team members are effectively trained on systems and processes related to the Finance Department
- Assists team members with prioritization of workload, communications, etc. and delegates work assignments to team members as appropriate
Qualifications, Knowledge, Skills and Abilities:Education- Bachelor's degree required; focus in Accounting or Finance preferred
Experience- Seven (7) or more years of progressive accounting experience, required
- Two (2) or more years of management experience, preferred
- Experience performing or managing financial consolidations in a complex, multi-entity environment, preferred
- Strong knowledge of U.S. GAAP, consolidated reporting, foreign currency matters, and intercompany accounting, preferred
- Experience with large ERP systems and consolidation or financial close platforms, preferred
License(s)/Certification(s)Software- Proficient in the use of Microsoft Office Suite, required
- Oracle and One Stream financial system experience, preferred
- Advanced Excel and data-analysis skills, required
Language(s)Other Knowledge, Skills & Abilities- Displays superior verbal and written communication skills
- Capable of working and communicating effectively with professionals at all levels
- Strong ownership mindset with exceptional attention to detail and commitment to accurate, timely reporting
- Ability to translate complex accounting matters into clear, practical guidance for accounting and nonaccounting stakeholders
- Sound judgment, professional skepticism, and effective problem-solving skills
- Proven ability to prioritize competing demands, lead through change, and influence across functions and organizational levels
- Collaborative and inclusive leadership style with a track record of developing high-performing teams
Individual salaries that are offered to a candidate are determined after consideration of numerous factors including but not limited to the candidate's qualifications, experience, skills, and geography.
National Range: $95,000 - $125,000
Maryland Range: $95,000 - $125,000
NYC/Long Island/Westchester Range: $95,000 - $125,000
