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Director of Financial Reporting
Director of Financial ReportingGates • Rochester, MI, US
Director of Financial Reporting

Director of Financial Reporting

Gates • Rochester, MI, US
20 hours ago
Job type
  • Full-time
Job description

Director Of Financial Reporting

Gates Corporation has an exciting opportunity for a Director of Financial Reporting, to be based at the company's world headquarters in Denver, Colorado or its Technical Research Center in Rochester Hills, Michigan. This is a great opportunity for an experienced controls focused finance leader to take their career to the next level with an innovative, global brand with strong future growth prospects.

In this position, the incumbent will have responsibility for overseeing and improving the Financial Reporting process across a complex multinational company with operations in 30 countries. The role will partner with the CAO, and other corporate and regional Finance Executives to drive efficiency into the Financial Reporting process for both actual results as well as budget / forecasts while improving the accuracy and transparency of financial data. The role will play a critical role in finance transformation initiatives and implement continual improvement processes within the accounting function.

Essential duties and responsibilities include the following, other duties may be assigned :

  • Responsible for the preparation and review of all financial reporting, including quarterly, annual and other periodic SEC filings, and UK annual report.
  • Prepare and review supporting schedules for quarterly and annual filings and being a primary contact for the external auditors during their quarterly reviews and annual audits.
  • Review and analyze monthly financial results and work with reporting entities globally to understand or correct submitted data to ensure completeness and integrity of the data.
  • Provide global oversight with respect to Gates' accounting policies. Drive consistency and adherence to these policies across the organization.
  • Address accounting policy interpretation and application questions throughout the organization.
  • Lead the evaluation, interpretation, practical application, and implementation of new accounting standards under US GAAP and IFRS. Work with cross-functional stakeholders on accounting policy updates and new accounting policies. Develop training and educate the global accounting organization on new accounting pronouncements and policies.
  • Technical lead for monitoring and researching new accounting pronouncements and developments relevant to Gates and addressing technical accounting queries from our reporting entities globally, including other corporate finance function leaders.
  • Maintain a rigorous internal control environment and owning several key control activities.
  • Finance lead on all matters related to stock compensation reporting, forecasting, pensions and variance analysis.
  • Review the accuracy and consistency of consolidated financial data in external presentations.
  • Lead SOX and internal control matters related to the development, enhancement, and documentation of internal controls as well as assisting in remediation efforts as needed.
  • Continuously assess the risks and global internal control framework. Recommend and implement internal controls that mitigate those risks.
  • Direct interaction with external auditors on technical accounting matters, memoranda and the Company's application of policy and internal controls.
  • Provide technical position papers, research and memos for the organization in connection with significant non-routine transactions and new business.
  • Provide technical accounting and financial insights to support strategic decisions, complex transactions and initiatives including collaborating with business partners such as Treasury, Tax, FP&A, Legal, IT and other teams.
  • Identify improvements to the current accounting infrastructure to streamline the delivery of accurate financial information.
  • Provide support and analysis to the executive team and other functions in relation to earnings calls, market guidance, and major debt and equity transactions.
  • Lead the implementation of IFRS, including identification and research into GAAP differences, managing the collection and reporting of data needed to quantify GAAP adjustments, preparing IFRS financial statements and embedding processes for ongoing IFRS compliance and reporting.
  • Develop, coach and serve as a mentor and role model to your direct reports and broader finance team members.
  • Assist with ad-hoc information requests, analysis, and cross-functional projects.

Supervisory responsibilities include :

  • Monitors and directs Finance teams worldwide, including corporate HQ, Americas, EMEA and APAC with respect to adherence to US GAAP. Two Direct Reports that assist with Financial Reporting requirements, review of all externally distributed financial information, preparation of Audit Committee Materials and that will assist with finance transformation / continual improvement projects including the implementation of OneStream.

    • Requirements and preferred skills include :

  • Less than 5% travel.
  • Bachelor's Degree in Accounting or Finance, with advanced degree (MBA, MA) preferred.
  • 10+ years of progressive financial accounting experience including 7+ years in a Big 4 public accounting firm and experience working in an accounting department of a publicly traded company with exposure to technical accounting research, SEC regulations, internal controls, consolidation, and international operations.
  • Must have specific experience in related accounting roles and hands-on experience with consolidating the financial results for a large multinational entity along with extensive experience implementing SOX controls and remediating deficiencies.
  • CPA certification is required.
  • Strong technical accounting and internal control skill set.
  • Experience driving finance transformation and process improvement initiatives.
  • Automotive, commercial and industrial supplier experience within a large global manufacturer required.
  • Experience with automotive aftermarket industry is beneficial.
  • Be a role model for the company's values and demonstrate the highest professional integrity and ethics.
  • Proven experience in developing and managing a team of accounting professionals. Strong ability to influence and collaborate with cross-functional teams.
  • Experience with accounting for complex transactions and new accounting standards.
  • In-depth knowledge of U.S. GAAP, SEC regulations, and SOX compliance. IFRS knowledge is beneficial.
  • Strong analytical and problem-solving ability.
  • Demonstrated willingness to learn new systems and proactively lead process improvements; experience with system transformation is a plus.
  • Strong team player, able to proactively step in to support other team members as needed and share knowledge to allow cross-training of all functions; builds collaborative relationships across the organization.
  • Excellent written and oral communication, presentation, coaching and professional skills including ability to interact effectively with senior management as well as less experienced team members.
  • Demonstrated understanding of regulatory environments and related reporting requirements.
  • Strong proficiency with Microsoft Office Suite; experience with OneStream, Hyperion Financial Management (HFM) and WDesk is preferable.
  • Must be legally authorized to work in the United States without company sponsorship.
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    Director Of Financial Reporting • Rochester, MI, US