VP, Financial Reporting Job Description
VP, financial reporting
provides technical accounting guidance and work collaboratively with Americas accounting teams to streamline processes and to ensure all controlling and financial accounting functions comply with IFRS or US GAAP.
VP, Financial Reporting Duties & Responsibilities
To write an effective VP, financial reporting job description, begin by listing detailed duties, responsibilities and expectations. We have included VP, financial reporting job description templates that you can modify and use.
Sample responsibilities for this position include:
Provide added value commentary surrounding movements in the P&L and Balance Sheet on a legal entity level
Actively searching for process improvements within the role
Ensure sufficient time is built in for review ensuring Sox controls are incorporated into the process where relevant
Research technical developments related to accounting (GAAP, FASB, ) pronouncements and SEC reporting requirements
Provide accounting guidance for new products, new investors with specific reporting requirements and valuation considerations for various instruments and holdings
Work with auditors regarding approach, documentation, support and processes for quarterly reporting and the year-end audits
Motivate teams to produce quality materials within tight timeframes and simultaneously manage several projects
Provide best practice guidance and measure key performance indicators for internal and external providers
Interaction with internal & external parties (Clients, Fund Managers, Relationship Managers, Client Service ) to respond to any financial reporting-related queries that may arise
Support of Regional Financial Reporting team in the continuous development of processes & controls within the team
VP, Financial Reporting Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for VP, Financial Reporting
List any licenses or certifications required by the position: PM, CPA, PMP, TQM, CFA, SOX
Education for VP, Financial Reporting
Typically a job would require a certain level of education.
Employers hiring for the VP, 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, Economics, Education, Mathematics, Science, Physics, Engineering
Skills for VP, Financial Reporting
Desired skills for VP, financial reporting include:
Accounting and regulatory concepts
Accounting concepts and products
Financial instruments
Financial instruments and products acquired through studies and related work experience
Irish GAAP
Lux GAAP
Microsoft Excel and Word essential
Risk and control frameworks applicable to work area
Swiss GAAP & IFRS through studies
UK GAAP
Desired experience for VP, financial reporting includes:
Familiarity with financial and accounting reporting systems
Current progress or completion of a relevant postgraduate qualification
At least ten years of relevant experience in financial accounting/tax within a financial and/or professional services environment
Supervise the team in Beijing to ensure the quality of all deliverables and well performance of team members
Proficiency in DFAST, banking terminology, modeling, documentation of processes and results, regression analysis, management reporting, and must have experience with financial reporting systems
Support delivery of team objectives through effective team management and providing cover to team members on leave
VP, Financial Reporting Examples
1
VP, Financial Reporting Job Description
Job Description Example
Our growing company is looking for a VP, financial reporting. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for VP, financial reporting
- Timely and consistent distribution of financial statements to internal and external customers including variance analysis and narrative
- Develop and implement internal controls and act as liaison with Corporate Controller to ensure controls are properly maintained
- Complete monthly and quarterly debt service compliance certificates including the calculation of all ratios
- Manage and direct Accounting Teams as assigned to ensure established deadlines are successfully met on a consistent basis
- Lead various aspects of the financial statement close process
- Ensure accuracy of the general ledger and all financial information for assigned areas
- Develop and implement policies and procedures, strategic plans and process improvements across all areas of Accounting, in order to achieve efficiencies and strengthen the internal control environment
- Coordinate the completion of information requests, including annual audit requests, for all assigned areas
- Perform various financial analyses as required.Position Requirements
- Supervise the monthly group financial accounts closing and consolidation process
Qualifications for VP, financial reporting
- Leadership experience in organizing, planning and executing projects from conceptualization through implementation across multiple internal and external reporting and organizational lines, with an emphasis on relationship management and communication at all levels
- Leading, Guiding and Motivating the team
- Take responsibility for personal and team’s performance development, training and career development plans and ensure they are relevant and progressed
- Share best practice across the Finance team
- Actively contribute to both immediate team and relevant customer contact
- Bachelor’s degree in Finance or Accounting and CPA required
2
VP, Financial Reporting Job Description
Job Description Example
Our company is searching for experienced candidates for the position of VP, 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 VP, financial reporting
- Prepare internal reports for management and Audit Committee on financial performance and accounting matters and external disclosures for SGX release to satisfy other regulatory requirements
- Institute robust control processes/standards to ensure accurate disclosures and compliance with accounting standards, Group accounting policies and statutory requirements
- Identify and work on process improvement and automation opportunities
- Enhance the controls relating to group accounts preparation especially around intercompany reconciliation
- Operationalise new disclosure requirements and accounting standards, in particular IFRS9
- Serve as the primary liaison between the CCAR Regulatory Reporting production teams and the Financial Data Solutions team
- Lead the efforts for the CCAR Regulatory Reporting production teams to document the business process model for the as-is current state report production process, in line with RRT program standards and templates
- Facilitate all necessary data rationalization efforts between the CCAR Regulatory Reporting production teams and the Financial Data Solutions team Source system identification
- Data attributes identification, including modifications
- Support data analysis of source system data and other data repositories Support development of data quality and reconciliation standards
Qualifications for VP, financial reporting
- Must be able to work under time sensitive constraints
- Ability to draft SEC Filings
- Progressive leadership experience in Accounting
- Two years experience in a "Big Four" audit firm
- Senior Housing or Healthcare experience is a plus
- Proven ability to analyze financial data, draw conclusions from the information, and prepare applicable reports
3
VP, Financial Reporting Job Description
Job Description Example
Our company is searching for experienced candidates for the position of VP, 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 VP, financial reporting
- Serve as the lead representative for the CCAR Regulatory Reporting production teams in defining the business and data requirements documents (BRD, DRD)
- Extracting, reconciling and analyzing the financial results of the Company for both internal and external reporting purposes, along with the coordination of both internal and external audit activities
- Assisting and liaising with other departments within the XL Catlin Group, on matters/projects that may impact the Company
- Responsible for the management of a Financial Reporting team of up to 40 partners
- Conducting the performance management process and providing input for staffing and disciplinary actions
- Monitors accounting and recordkeeping processes to ensure a timely and accurate delivery of client rates and reports
- Keeps abreast of product, business and regulatory changes for the fund ranges
- To liaise professionally with all internal clients, ensuring that they are more than satisfied at all times To monitor workflows and monitor various logs (internal and external) to identify trends and potential improvements in current processes
- Prepare regular progress updates for Home Country managers to provide to our clients
- Train and develop Team Leaders, and actively encourage the same of the Fund Administrators
Qualifications for VP, financial reporting
- Established track record of working independently, leading (and developing) teams, and collaborating with all levels within an organization
- Demonstrable working knowledge of U.S. generally accepted accounting principles
- Capability to meet the general health requirements and physical demands in accordance with Company policy
- 6 or more years experience in financial and regulatory reporting at a major financial institution
- Wide knowledge of finance, financial accounting, regulatory reporting, and risk management
- Broad knowledge of financial services businesses and products related functional areas (Treasury, Tax, Legal)
4
VP, Financial Reporting Job Description
Job Description Example
Our innovative and growing company is hiring for a VP, 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 VP, financial reporting
- Work with the Head of UK Financial Reporting to continually assess the team’s processes to reduce risk, reduce cost, improve efficiency, to increase the satisfaction of our staff
- Lead Client Due Diligence visits
- Lead in promoting Financial Reporting working groups to keep relevant in the most recent global accounting and regulatory requirements
- Managing the preparation of the firm’s quarterly and annual consolidated financial statements, footnotes and XBRL filings jointly with the management team
- Managing the relationships with senior personnel within LECs, Product Controllers, Management Reporting, Accounting Policy and other internal departments
- Providing guidance to LECs and Product Controllers on quarter-end processes and new deliverables
- Coordinating with the external auditors and managing the quarterly review and year-end audit processes
- Evaluating the impact of new accounting standards on disclosures
- Reviewing complex transactions with Accounting Policy and controllers to evaluate the impact on disclosures
- Identifying development areas and proposing solutions aimed at improving the process by which information is collected, analyzed and controlled
Qualifications for VP, financial reporting
- Working knowledge of financial reporting systems preferred
- Degree in Accounting or any related field
- At least 10 years of experience in audit firm and/or accounting
- Good understanding of group consolidation requirements and accounting standards applicable to bank products
- Strong analytical, organisation and problem solving skills
- Ability to work in a fast-paced environment, perform under pressure and adapt to meet changing needs and requirements
5
VP, Financial Reporting Job Description
Job Description Example
Our company is looking to fill the role of VP, financial reporting. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for VP, financial reporting
- Plans, directs, and coordinates timely and accurate external financial reporting to the SEC including the preparation, review, submission and distribution of periodic financial reports, such as 10-K and 10-Q, 8K’s, annual reports, and proxy statements
- Responsible for determining the impact of new accounting standards and implementation of new accounting pronouncements and/or SEC guidance that impacts the consolidated financial statements and footnotes
- Plays a key role in the adoption of Generally Accepted Accounting Principles and Regulatory pronouncements compliance with existing standards
- Responsible for internal board reports and any ad hoc reports requested by management
- Responsible for assisting in the management of the organization’s external audit
- Performs detailed reviews of periodic financial statements and supporting schedules
- Assists in the development of timely and accurate monthly financial reporting packages
- Partners with the EVP & CFO and investor relations to provide information for earnings press releases and investor/analyst queries
- Coordinates and liaising with auditors as part of the financial reporting processes
- Ensures SOX compliance with respect to financial reporting processes
Qualifications for VP, financial reporting
- A strong understanding of the current requirements of the accounting standards and regulatory and tax regimes throughout the APAC region, in particular Australia, Hong Kong and Singapore
- Specialization in CCAR Regulatory Reporting required, specifically around the FR Y-14M, FR Y-14Q, FR Y-14A, and FR 2052a reports
- Manage the IHC Financial Reporting team whose primary responsibility is to fulfil all external and internal financial reporting requirements for Barclays’ US Intermediate Holding Company (IHC)
- Tenacity to resolve issues and conflicts
- Degree in Accountancy or at least a diploma in Accountancy
- Good interpersonal skills and the ability to foster collaboration with internal and external parties