Manager, Financial Reporting Job Description
Manager, financial reporting
provides management and leadership of the month-end close to ensure that the team’s area of financial statement responsibility is in accordance with US GAAP and IFRS.
Manager, Financial Reporting Duties & Responsibilities
To write an effective manager, financial reporting job description, begin by listing detailed duties, responsibilities and expectations. We have included manager, financial reporting job description templates that you can modify and use.
Sample responsibilities for this position include:
Ensure completion of internal quarterly disclosure checklist to ensure full compliance with all GAAP/SEC disclosure requirements
Provide business insight on compliance changes and keep up to date with International Financial Reporting Standards (IFRS)
Prepare and provide support to U.S. GAAP technical accounting issues and non-routine transaction checklists
Assist in the development and maintenance of policies and procedures for financial reporting activities
Preparation of position papers, including but not limited to researching and interpreting FASB standards and SEC guidance, and ensuring that the transaction is properly recorded in the general ledger
Managing the day-to-day preparation of publicly filed documents (10-Ks/10-Qs and sections of the supplemental package) and relating supporting schedules
Reviewing financial statements, footnote disclosures, sections of MD&A, and XBRL tagging
Assisting with the managing of our Sarbanes Oxley 404 process
Assisting in the preparation of any ad hoc analyses requested by various members of management
Compilation and reconciliation of annual tax packages
Manager, Financial Reporting Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Manager, Financial Reporting
List any licenses or certifications required by the position: CPA, PMP, RFI, CFA, CMA, CIA, BBA, CEP, CFO, CEO
Education for Manager, Financial Reporting
Typically a job would require a certain level of education.
Employers hiring for the manager, financial reporting 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, MBA, Business, Education, Business/Administration, Economics, Graduate, Public Accounting, Technical
Skills for Manager, Financial Reporting
Desired skills for manager, financial reporting include:
US GAAP/ IFRS
US GAAP
Overall process operating model while assisting with deployment of operational changes
Designs & hierarchies
Master-feeder funds
Standalone funds
40 Act funds and the role of each entity in the fund structure
GAAP
Generally accepted accounting principles and financial statement preparation
IFRS
Desired experience for manager, financial reporting includes:
Managing projects and reviewing legal documents relating to real estate matters, investment proposals, asset financings, asset purchases/sales, trust accounting, entity formation, and ad hoc transactions
Preparing for periodic client service meetings
Managing day-to-day personal finance matters for clients
Maintaining relationships with clients, attorneys, private bankers, tax advisors, and insurance agents
Reviewing term sheets for alternative investments, complete subscription documents, monitor performance
Managing and training staff and handling the intern recruiting
Manager, Financial Reporting Examples
1
Manager, Financial Reporting Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of manager, financial reporting. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for manager, financial reporting
- Mentors staff at all levels within Financial Reporting Unit and facilitates development through ongoing coaching, participation of Department Training Steering Committee
- Report to the SEC on Form 10-Q, annual reporting on Form 10-K and other filings which occur from time to time including ensuring that all schedules and support for the related filings are complete with the appropriate review
- Obtain support for monthly traffic release and quarterly earnings release and investor update
- Be responsible for financial reporting to the Department of Transportation on Form 41 and related schedules (monthly, quarterly and annually)
- Coordinate financial statement close calendar and close activities
- Evaluate internal financial reporting needs and prepares internal monthly financial statements, including consolidation, cash flow statement and preparation of separate company financial statements
- Be responsible for completing numerous domestic and international government surveys
- Coordinate certain audit activities of corporate accounts
- Compile 401(k) plan financial statements and coordinates audit activities
- Manages the tasks associated with the compilation, preparation and submission reporting of monthly forecasts, monthly/quarterly closes (actuals), annual budgets, periodic forecasts and the long-term (multi-year) plans
Qualifications for manager, financial reporting
- Responsible for the analysis of By-Title variances between actuals and the budget/forecast to prepare variance explanations of the material drivers of differences for the required Cause of Change and Executive Summary submissions to internal management and the Corporate Reporting & Budgeting (FRB) group
- Responsible for the analysis of various submissions and journal entries recorded by Warner Bros.’ groups that assist in the distribution of content (Technology Solutions, Worldwide Television Marketing, Digital Media Sales, ) to ensure the accuracy of the charges
- Oversight of the quarterly Domestic Cable & Satellite Retransmission Royalties schedule tracking actual receipts as compared to the budget/forecast
- Works with the Corporate FRB, Financial Compliance, Tax, Participations & Residuals departments in the resolution of questions and submission of required data
- Must have strong planning and presentation skills
- Must be proactive with strong follow through skills
2
Manager, Financial Reporting Job Description
Job Description Example
Our innovative and growing company is hiring for a manager, financial reporting. 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 manager, financial reporting
- Evaluates, develops and administers accounting systems and practices that comply with GAAP, and bank regulatory requirements
- Provide technical accounting research and analysis
- Collaborating with the key players in the reporting process such as the accounting team members, controllers, legal counsel and other parties to ensure reporting requirements are satisfied
- Preparing memos documenting the firm’s accounting position and other technical accounting issues (such as ASC 820, Consolidation)
- Responsible to provide unrivalled client
- To recruit, select, manage, motivate and
- Oversee the production of quarterly, semi-annual, and annual financial reporting based on specific standards and requirements, as applicable per jurisdiction
- Review of Tax provisions, Excise Tax and Tax related reports for U.S Mutual
- Lead or participate in cross-site projects
- Work globally with the GFAR (Fund Owner) Teams, including liaising with NAV Analysis, TACC and IO to implement improvements to processes and create efficiencies in workflow
Qualifications for manager, financial reporting
- Assistance in representing the Firm on internal and external Financial Reporting Technical/Regulatory Committees
- Develop and deliver financial reporting training both internally and externally
- At least 8 years relevant accounting experience in insurance industry
- Experience with Big 4 assurance auditing is preferred
- Qualified CPA or ACCA or CIMA
- CA qualified ideally with post qualification experience
3
Manager, Financial Reporting Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of manager, financial reporting. 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 manager, financial reporting
- Assist as necessary in the analysis and preparation of equity based compensation calculations, journal entries and communication with Payroll and Legal departments
- Preparation of purchase accounting for acquisitions and for disposals of assets and markets
- Assist in review and analysis of the third party valuations for annual Goodwill and Indefinite-Lived Intangibles impairment testing, purchase price allocations and derivative valuations
- Comply with all internal audit requests related to Sarbanes-Oxley testing and maintain financial reporting procedures to comply with internal control requirements
- Perform continuous assessment of the reporting process and process re-engineering to increase the efficiency of preparation and reduce the timing
- Contribute to the preparation and review of financial reports filed with the Securities and Exchange Commission, including Forms 10-K, 10-Q, annual report, and proxy
- Coordinate and lead the preparation of certain audited financial statements of subsidiaries, including 401k Plan and ESIP, and coordinate audit with external auditors
- Ensure all SEC reports are filed in compliance with applicable regulations, including XBRL requirements, and in accordance with the corporate calendar
- Coordinate requests by Legal and other groups for audited financial statements and other information for fund and entity registrations for local regulators
- Coordinate and lead the review of subsidiary financial statements
Qualifications for manager, financial reporting
- Must possess good working knowledge of security market, financial services, financial instruments, and accounting standards
- At least 3 years of departmental management and supervisory experience
- Must have experience with automated financial systems, including a general ledger
- Graduate level courses in accounting or an advanced degree or certification in finance, accounting, or management preferred
- Experience in audit, taxation and statutory matters preferred
- Ability to plan and organize multiple tasks, prioritize and oversee work assignments to meet deadlines
4
Manager, Financial Reporting Job Description
Job Description Example
Our growing company is looking for a manager, financial reporting. 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 manager, financial reporting
- Provide accurate and timely financial statements including income statement, balance sheet, cash flow, shareholder’s equity
- Identify and implement best practices and process improvements
- Provide supervision and counsel to staff
- Review the quarterly and annual statutory financial statements
- Measures individual net performance of all areas/units consolidated area/unit income statement & balance sheet with the use of pre-defined analytical financial tools
- Recommends changes to tools to improve analysis, forecasting, modeling & reporting & ultimately quality of financial information & analyses provided to management for planning, evaluating & controlling operations
- Establishes proper accounting & audit trails for revenue & expenses related to programs & initiatives
- Prepares area or program financial statements and regulatory reports
- Prepares financial statement and audit work papers
- Prepares sections of the university's annual financial report
Qualifications for manager, financial reporting
- A minimum of 5 years of related work experience, preferably including Public Accounting
- CPA or equivalent professional accounting designation is required
- Developed organizational skills combined with good interpersonal skills and the ability to communicate technical concepts to non technical personnel
- Ability to handle cultural and language considerations
- Must have experience at a publicly held financial services institution and/or one of the Big 4 accounting firms
- Significant previous accounting experience required
5
Manager, Financial Reporting Job Description
Job Description Example
Our company is looking for a manager, financial reporting. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for manager, financial reporting
- Monitor and ensure timely compliance with evolving accounting guidance, provide US GAAP interpretation and prepare technical memos that document issues in a clear, logical and comprehensive manner
- Provide US GAAP interpretation and prepare technical memos that document issues in a clear, logical and comprehensive manner
- Manage the preparation of periodic filings with the SEC
- Manage the preparation of annual property-level financial statements for filing with regulators
- Review the quarterly review packages submitted by the properties
- Oversee accounting for the Company's Stock Compensation programs
- Research accounting and disclosure policies for consistency across the company and for unusual transactions and document results of research
- Review monthly results provided by properties
- Prepare and ensure all financial statements are accurate
- Responsible for heavy analysis and being able to explain variances to upper management in a clear and concise manner
Qualifications for manager, financial reporting
- Preferably Charted Accountants or MBA with relevant experience
- Work closely with financial control, country finance and MI on a daily basis to ensure that month-end financials are landing as per the expectation
- Handle month-end business calls with coverage and product business partners to review and challenge the daily progress of financials
- Given this role has end-to-end responsibility, it is essential to have attention to detail and if any data discrepancies found, challenge the respective data owners and ensure that it is fixed within stipulated time frame
- It is important for the candidate to understand system limitations and provide appropriate solutions to country finance teams
- Identifies complex issues, assess their magnitude & impact on own work area, other groups & the organization