Financial Accounting Lead Job Description
Financial accounting lead
provides expert guidance on US Generally Accepted Accounting Principles (GAAP) and global accounting policy review insuring compliance.
Financial Accounting Lead Duties & Responsibilities
To write an effective financial accounting lead job description, begin by listing detailed duties, responsibilities and expectations. We have included financial accounting lead job description templates that you can modify and use.
Sample responsibilities for this position include:
Month end closing for legal entities into HFM within the agreed deadlines
Has the operational oversight to provide services at expected levels with a clear customer focus, including handling the exceptions
Provides functional guidance from an accounting perspective for business transactions
Interacts proactively within NGSC and Divisions to ensure accurate accounting and financial reporting
Manages client satisfaction assessment and follow-up process
Leads collaboration with key stakeholders, including senior level cross-Novartis entities business colleagues, both accounting authorities/auditors and Novartis local entity/group financial reporting and accounting
Serves as a Subject Matter Expert (SME) for related policies and processes, supports productivity objectives and continuous improvement, process changes and leading practices to have an efficient and effective process
Sets clear strategic vision for the service line, ensuring alignment with NGSC strategy and communicates to all staff and key customers
Drives and monitors improvements to sustain a highly effective and efficient accounting and reporting process, and realizes cost reduction opportunities including areas to harmonize and standardize processes
Manages service demand and consumption
Financial Accounting Lead Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Financial Accounting Lead
List any licenses or certifications required by the position: CPA, PMP, CFA, CMA, MBA, CA, CIA
Education for Financial Accounting Lead
Typically a job would require a certain level of education.
Employers hiring for the financial accounting lead job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Accounting, Finance, Business, MBA, Education, Management, Business Administration/Management, Business/Administration, Graduate, Mathematics
Skills for Financial Accounting Lead
Desired skills for financial accounting lead include:
Fixed income debt securities and derivatives and their markets
US and Local GAAP
Regression statistics
SAP
U.S. GAAP
HFM
Longview
Excel
Microsoft Office
Microsoft Excel
Desired experience for financial accounting lead includes:
Leads the measurement and delivery of service levels and SLA/KPI targets
Applies an extensive understanding of principles and techniques, evaluate and analyze financial statements
Leads the team to complete financial accounting activities which include RTR, PRTP, OTSC, Financial Reporting, P&L, SG&A expenses, allocations, reconciliations, general ledger maintenance, financial close, full balance sheet review, CRP preparation, tax accounting and filing, budget coordination
Demonstrated ability to create a team culture of continuous improvement, process optimization, and intellectual
5 to 7 years of accounting and analysis experience to include working directly with grants and contracts
Familiarity with University’s financial systems
Financial Accounting Lead Examples
1
Financial Accounting Lead Job Description
Job Description Example
Our company is looking to fill the role of financial accounting lead. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for financial accounting lead
- Profit & Loss Projection by legal entity – for the tax team
- Review variance file for management accounts along with relevant commentaries
- P&L Analysis Insurance Segment
- FX Analysis
- Balance Sheet – MD & A (Management Discussion & Analysis)
- Assist in equity translations by communicating with controllers and Financial Close & Reporting group
- Research ad-hoc issues during close
- Assisting in finalizing figures for Press Release, Earnings Scripts
- Assisting finalizing figures for external Surveys and communications
- Ledger vs actuarial data reconciliation for Earned Premium and Net Incurred losses
Qualifications for financial accounting lead
- Knowledge of OMB Uniform Guidance [2 CFR 200] and its predecessors OMB Circulars A-110, A-21, A-133, A-122
- Experience in F&C Controlling in BPO and/or Multinational FMCG a plus
- To run a team responsible for overseeing the review & sign off of UK Funds interim and final report and accounts that have been produced in another location
- Continually assess the oversight team’s processes to improve efficiency, reduce risk or cost, assisting in the enhancement of revised departmental procedures for use as a training tool
- The applicant should currently hold a Section Manager or senior analyst or senior accountant position, or previously held that position within another financial services environment
- As an absolute minimum the job holder should have passed the required FCA Training & Competence exams (or have been “Grandfathered”)
2
Financial Accounting Lead Job Description
Job Description Example
Our company is looking for a financial accounting lead. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for financial accounting lead
- Loss reserves reconciliation on the balance sheet
- Net Written Premium and Loss Reserves by S&P Line Of Business
- Review of Insurance Technical Balance sheet reconciliations (Asset & Liabilities)
- Assisting in various audits - Statutory (PWC), SOX and Internal Audit
- Will serve as the primary contact for the Expense Accounting team while actively participating in cross-functional projects (business, systems & IT) to understand business needs in order to provide proper accounting treatment and system based solutions
- Analyzes and documents business problems and recommends accounting solutions
- Responsible for following enterprise risk management and compliance procedures
- Leads projects of moderate to high scope and complexity
- Responsible for identifying and analyzing transfer pricing impacts and considerations of cross-border transactions to provide insight into the formulation of transfer pricing policies and the implications on new and existing processes
- Liaise with the Tax department, local finance teams, impacted functional groups and transfer pricing experts to effectively recommend/propose processes to operationalize transfer pricing policies
Qualifications for financial accounting lead
- Deep understanding of Thailand Tax and financial regulatory compliance and basic understanding of US Sub Part F Tax
- Previous work in university or hospital setting with a medical research facility preferred
- Minimum 10 years of accounting or finance experience, preferably with at least 2 years of controls/ compliance experience
- Deep understanding of Indonesia Tax and basic understanding of US Sub Part F Tax
- 4+ years of experience with preparing federal financial statements
- Experience with performing and participating in engagements, providing guidance and direction for specific projects or sub-tasks, and increasing responsibility in the design, implementation, and management of tasks
3
Financial Accounting Lead Job Description
Job Description Example
Our company is searching for experienced candidates for the position of financial accounting lead. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for financial accounting lead
- Sets objectives for the Service Line, ensuring alignment with FSC strategy and communicate to all staff and key customers
- Operational oversight to provide services at expected levels with a clear customer focus, including managing exceptions
- Maintain good relationship with O&O Services
- Serves as a Subject Matter Expert for related policies and processes, drives continuous improvement & standardization to have an efficient & effective process and realize cost reduction opportunities including
- Lead collaboration with key stakeholders, including senior level cross-Novartis Local Entities business colleagues, both accounting authorities/auditors, and Novartis Local Entity/Group Financial Reporting and Accounting
- Review all changes to current policies, processes and procedures for the functional area before final approval
- Manage service demand/consumption and development/delivery of service levels and SLA/KPI targets, follow-up lists and making fact based recommendations to challenge status quo
- Provide reasoning for variances and make recommendations relative to the accounting or reserves, assets, and expenditures
- Process and pay the monthly payroll and related taxes
- Prepare and submit monthly bonus accruals
Qualifications for financial accounting lead
- Knowledge of federal and budgetary accounting
- Knowledge of the US Standard General Ledger (USSGL)
- CA with at least 10-12 years of post-qualification experience
- A relevant Finance or Accounting degree AND Professional accounting qualification (ACCA, ICAEW, CPA)
- Minimum of 7 years relevant finance working experience with at least 3 years in Financial Accounting or external auditing role
- Previous experience in auditing, managing quality for shared services or consultancy a plus
4
Financial Accounting Lead Job Description
Job Description Example
Our company is hiring for a financial accounting lead. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for financial accounting lead
- Processing of ad hoc, month end, late and recurring journal entries
- Legal entity recharges
- Process fixed asset related entries, additions, depreciation and perform the reconciliations
- Process revaluations
- Preliminary sales report submission
- FASS/KPMG PBC List preparations
- Preparation of the metrics and measurement reports
- Regularising the reconciling items by posting necessary journal entries
- General ledger activities like accruals, prepayments, cost transfer
- Ad hoc tasks including producing reports
Qualifications for financial accounting lead
- Public accounting experience at a Big 4 or large regional firm preferred
- Track record of successfully managed projects driving performance
- BA/BS Degree in Accounting, Finance, Business Administration or related field highly preferred
- 3+ years experience with Month End Closing and preparation of financial statements
- Degree in Business Administration or Accounting
- Ability to mine and manage large quantities of data, understand database structures, exposure to using ODBC connections for data retrieval
5
Financial Accounting Lead Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of financial accounting lead. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for financial accounting lead
- Work with businesses and functional departments to ensure that processes are operating effectively and identify and implement improvements
- Coordinate, manage and review balance sheet reconciliations prepared for BSI Legal Entities
- Prepare reports and financial statements for senior management, board of directors, and external SEC filings
- Analyze global financial results to gain an understanding of the key business drivers
- Partner with various corporate and operational cross-functional teams for the purpose of supplying or explaining data, providing advice on accounting matters, or driving process improvements
- Assist with audit requests from internal and external auditors
- Prepare and analyze consolidated monthly forecast and annual profit plan
- Perform corporate ledger accounting and prepare journal entries and account reconciliations
- Participate in or lead special projects or process improvements to help drive efficiencies in the finance organization
- Evaluate complex accounting matters in accordance with US GAAP
Qualifications for financial accounting lead
- Experience of 4/5 end to end implementation of Financial Accounting and Controlling for medium to large enterprise
- Expertise in cross modular integration with MM, SD, HR, Logistics
- Previous experience in auditing, managing quality for shared services or consultancy is a plus
- Profound people skills, leadership exposure
- Experience authoring position papers, and documentation of processes, and audit support
- Ability to think out of the box, analyze and explain variances in results, taking process changes into account