Financial Reporting & Accounting Specialist Job Description

Financial Reporting & Accounting Specialist Job Description

4.5
143 votes for Financial Reporting & Accounting Specialist
Financial reporting & accounting specialist provides lead role for accounting and financial management matters, including GAAP, FASB and other accounting rules and regulations, and ensures that required accounting, internal controls, analysis and reporting procedures are implemented.

Financial Reporting & Accounting Specialist Duties & Responsibilities

To write an effective financial reporting & accounting specialist job description, begin by listing detailed duties, responsibilities and expectations. We have included financial reporting & accounting specialist job description templates that you can modify and use.

Sample responsibilities for this position include:

Work in BAU for quarterly submission to UK Group under IFRS, provide commentary for IFRS reporting
General Ledger accounting on stand-alone level
Production of full legal entity financial statements (on a US GAAP, Irish GAAP and/or regulatory basis of accounting) and related filings
Provision of advice and issuing policy guidelines on technical accounting issues
Resolves general accounting and operational issues and disputes, escalates as required or coordinates with various departments
Play key role in financial statement production process, through identification and drafting of new disclosure requirements, documentation of required accounting policies, liaising with external auditors and supporting the certification of the financial statements under the Sarbanes-Oxley Act
GL Accounting o Maintenance of General Ledger master data o Manage/perform manual journal entries
Playing a key role in financial statement production process, through identification and drafting of new disclosure requirements, documentation of required accounting policies, liaising with External Auditors, and supporting the certification of the financial statements under the Sarbanes-Oxley Act
Of financial information to all users of information in accordance to Novartis
Operational oversight to provide services at expected levels with a clear

Financial Reporting & Accounting Specialist Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Financial Reporting & Accounting Specialist

List any licenses or certifications required by the position: CIMA, ACCA, TL3, RJ, CISA, PMP, CPA

Education for Financial Reporting & Accounting Specialist

Typically a job would require a certain level of education.

Employers hiring for the financial reporting & accounting specialist job most commonly would prefer for their future employee to have a relevant degree such as University and Bachelor's Degree in Accounting, Finance, Business/Administration, Economics/Finance, Business, Graduate, MBA, Accountancy, Economics, English

Skills for Financial Reporting & Accounting Specialist

Desired skills for financial reporting & accounting specialist include:

Polish
Adhere to Flagstar’s internal compliance policies and procedures
Ukrainian
Microsoft Office
IFRS
Internal accounting controls and Sarbanes-Oxley control documentation standards
SAP ERP
Any other local GAAP
ERP package is preferable
Especially Excel

Desired experience for financial reporting & accounting specialist includes:

Opportunity to join projects with a global scope and meet colleagues from all
Over the world
Provide external auditors requested information on a quarterly and annual basis, respond to inquiries
CPA, CA with a university degree
Experience with large multi-national public companies in Canada or the US
University degree in Business Administration/ Economics/Finance or Chartered Accountant

Financial Reporting & Accounting Specialist Examples

1

Financial Reporting & Accounting Specialist Job Description

Job Description Example
Our growing company is hiring for a financial reporting & accounting specialist. 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 reporting & accounting specialist
  • Assist with management of relationships with local regulators
  • Responsibility for interaction with internal/external audit functions
  • Legal entity capital analysis and management
  • Ensure compliance with international regulatory requirements such as the Sarbanes-Oxley Act of 2002 and the Solvency II Directive
  • To provide technical guidance to the business for the SII PIII implications
  • Identifying, documenting, and assisting with the design and implementation of internal controls
  • Preparation of Solvency II reports which will involve a high degree of planning, review, assessment of existing gaps and assumptions for senior management within predefined timelines
  • Responsible for the review of Quarterly Solo QRTs for submission to the Central Bank of Ireland, provide relevant commentary for senior manager team
  • Liaise with different parties including Actuarial, Enterprise Risk Management, Underwiriting and Claims
  • Preparing statutory accounts under New Irish GAAP (FRS 101)
Qualifications for financial reporting & accounting specialist
  • Experience in O2C, with good functional expertize 
  • Experience in managing projects driving performance improvements preferred
  • A demonstrated ability to coach and develop less experienced team members
  • Responsibility for the design of internal controls over financial reporting
  • Play a prominent role in ensuring Legal entity oversight and governance
  • Good spoken & written communication & interpersonal skills
2

Financial Reporting & Accounting Specialist Job Description

Job Description Example
Our company is growing rapidly and is hiring for a financial reporting & accounting specialist. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for financial reporting & accounting specialist
  • Ensures proper collection process with strong follow up of overdues
  • Complete end to end Solvency II reporting for entities, taking UK GAAP data and applying Solvency II valuation and reporting rules
  • Assisting where necessary with Solvency II reporting for other UK entities
  • Responding to Lloyd’s and PRA questions on Solvency II submissions in a timely and proficient manner
  • Liasing with other functions such as Actuarial, Risk Management, Reinsurance and Compliance to exchange data, answer questions and ensure consistency of reporting
  • Production of board and management reporting, including acting as a point of contact for any subsequent queries or questions
  • Assisting with the production of Standard Formula calculations for all entities
  • Responding in a timely and competent manner to questions from External and Internal Auditors
  • Proactively thinking of, and implementing, any opportunities for process improvement as Solvency II is still a new and evolving requirement
  • Responsible for review of financial statement regulatory filings (i.e., Annual reports, semiannual reports, Form N-Q, Prospectus and SAI ) in accordance with SEC Regulations and US GAAP
Qualifications for financial reporting & accounting specialist
  • Production of timely, accurate and reliable financial information
  • Ability to maintain a strong and robust control environment , ensure ledger numbers are reconciled to external sources with explanations supporting reconciling differences
  • Knowledge of an ERP package (particularly PeopleSoft & HFM) is preferable
  • Strong background in Finance processes including proven experience in Finance operations
  • Czech is a plus 
  • German required (written and spoken)
3

Financial Reporting & Accounting Specialist Job Description

Job Description Example
Our company is looking to fill the role of financial reporting & accounting specialist. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for financial reporting & accounting specialist
  • Prepare, coordinate and monitor the completion of capital projection, regulatory and statutory reporting on a quarterly and annual basis and ensure the reports are prepared in accordance with the accounting standards, MAS insurance act and other statutory requirements
  • Evaluate financial and accounting procedures including investment activities and make recommendations for changes to procedures and control functions
  • Assist in finance projects and initiatives such as IFRS 17 and other new financial reporting standards, but not limited to providing solutions to reporting systems implementation such as data specifications and chart of accounts
  • Strong knowledge of SEC Regulation S-X and US GAAP
  • Ensure inclusion of any new regulations and/or best practices learned from industry involvement
  • Works directly with the Fund’s Treasurer for all strategic initiatives
  • Liaise with all investment operations teams, legal and compliance, shareholder servicing, distribution and portfolio management
  • Understands how processes and systems interact and affect other areas of the company
  • Preparation of certain quarterly Board materials
  • Preparation and review of financial reporting schedules
Qualifications for financial reporting & accounting specialist
  • French is a plus (spoken)
  • University degree in any discipline is preferred
  • Professional Accountancy Qualification (ACA/ACCA/CIMA or similar) is essential
  • Relevant post-qualiifcation experience gained working within general (re) insurance technical accounting/reporting areas including specific Solvency II experience
  • Competent in Solvency II rules and guidance, with the ability to discuss or advise with others as appropriate, including Senior Management
  • Strong Accounting knowledge (UKGAAP, Solvency II), having grasp of overall Financial Statements (P&L and BS)
4

Financial Reporting & Accounting Specialist Job Description

Job Description Example
Our company is growing rapidly and is looking for a financial reporting & accounting specialist. 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 reporting & accounting specialist
  • Monitoring of developments in accounting standards and implementation of changes to policies, processes and controls to ensure continued compliance with accounting standards and other relevant reporting guidelines
  • Assist the manager with ad hoc tasks as necessary (including projects such as Brexit and IFRS 17)
  • Managing Census reporting function
  • Monitoring and preparation of schedules associated with post-acquisition integration costs
  • Review of journal entries and supporting schedules (intangible assets, goodwill, equity-method investments)
  • Preparing and reviewing of periodic/quarterly fluctuation analysis
  • Preparing and reviewing of balance sheet account reconciliations
  • Serves as a Subject Matter Expert for related policies and processes • Act as System Key User Lead and actively initiate and participate in improvements to sustain a highly effective and efficient process, and realize cost reduction opportunities including areas to standardize processes to optimize investments made in global ERP/SAP systems and financial services
  • Reviewing financial statement regulatory filings in accordance with SEC Regulations and US GAAP
  • Ensuring inclusion of any new regulations and/or best practices learned from industry involvement
Qualifications for financial reporting & accounting specialist
  • Ability to maintain a strong and robust control environment , ensure Solvency II returns are reconciled to external sources with explanations supporting reconciling differences
  • Ability to “take a step back” to understand the results of their own work to ensure they make sense in a business sense and to ensure accuracy
  • Relevant experience gained working within general insurance and exposure to the Lloyd’s market is preferred
  • Ability to perform build new reconciliations to help better the control environment , ensure ledger numbers are reconciled to external sources with explanations supporting reconciling differences
  • Seven + years of public accounting experience with investment funds required
  • Takes initiative and self-motivated
5

Financial Reporting & Accounting Specialist Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of financial reporting & accounting specialist. 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 reporting & accounting specialist
  • Research and become subject matter expert for new accounting disclosures
  • Research and analyze accounting issues that arise from the firm’s business initiatives
  • Managing operational project timelines
  • Acting as a liaison with all Investment Operations teams, legal and compliance, shareholder servicing, distribution and portfolio management
  • Working collaboratively with management to develop recommendations and identifying improvement opportunities
  • Support LMS Country Implementation Manager
  • Collect, scan contracts and ensure proper data accuracy
  • Ensure all necessary data is available, accurate and compliant
  • Ensure that applicable policies, processes and procedures are fully documented and consistently applied
  • Input existing contracts criteria's in Lease Management tool (LMS)
Qualifications for financial reporting & accounting specialist
  • Ability to plan and manage several initiatives concurrently
  • Bachelor degree and at least 4 – 8 years of prior relevant experience
  • Experience managing a team and/or direct reports
  • Ability to manage problems that are unclear and may require understanding of a broader set of issues, and may be difficult
  • General understanding of GAAP and application in a large-organizational setting
  • Accounting or equivalent BA degree

Related Job Descriptions

Resume Builder

Create a Resume in Minutes with Professional Resume Templates