Group Consolidation Manager

Our client is a prominent and global player in the business services industry. There is now a need for the business to hire an experienced individual as their Group Consolidation Manager.

**Responsibilities**:
**Financial Consolidation**:

- Overseeing the consolidation of financial statements from various entities within the group.
- Ensuring compliance with accounting standards and regulations (e.g., IFRS, GAAP) during the consolidation process.

**Intercompany Transactions**:

- Managing and reconciling intercompany transactions to eliminate any discrepancies.
- Collaborating with finance teams across subsidiaries to resolve intercompany issues and ensuring accurate elimination entries.

**Financial Reporting**:

- Preparing and presenting consolidated financial reports for internal and external stakeholders.
- Providing insights into the financial performance of the entire group.

**Compliance and Auditing:
- Ensuring compliance with relevant accounting standards and regulations.
- Collaborating with internal and external auditors during the audit process.

**Forecasting and Budgeting:
- Participating in the budgeting and forecasting process for the group.
- Analyzing financial data to support strategic planning and decision-making.

**Process Improvement:
- Identifying opportunities to enhance the efficiency and effectiveness of the consolidation process.
- Implementing best practices and process improvements to streamline financial reporting.

**Requirements**:
**Educational Background**:

- A bachelor's degree in Accounting, Finance, Business Administration, or a related field is typically required.

**Professional Qualifications**:

- Professional certifications such as Certified Public Accountant (CPA), Chartered Accountant (CA), or equivalent, depending on the country or region.
- Familiarity with International Financial Reporting Standards (IFRS) or Generally Accepted Accounting Principles (GAAP) is often necessary.

**Experience**:

- 5 to 7 years of experience in financial reporting, consolidation, and accounting.
- Experience in a managerial or supervisory role, preferably in a group consolidation capacity, and have worked with multinational corporations in a similar role

**Technical Skills**:

- Proficiency in financial consolidation software and Enterprise Resource Planning (ERP) systems.
- Advanced knowledge of Microsoft Excel and other relevant financial software.
- Familiarity with financial modeling and analysis.

**Analytical and Problem-Solving Skills**:

- Strong analytical skills to interpret complex financial data and identify trends.
- Ability to solve problems related to intercompany transactions, currency conversions, and other consolidation challenges.

**Communication Skills**:

- Excellent written and verbal communication skills for preparing and presenting financial reports to stakeholders.
- Ability to communicate effectively with finance teams across various subsidiaries.

**Leadership and Management Skills**:

- Leadership qualities to manage a team and coordinate with different departments.
- Ability to provide guidance and direction in a complex and dynamic environment.

**Regulatory Compliance**:

- Knowledge of and ability to ensure compliance with relevant accounting standards, laws, and regulations.

**Attention to Detail**:

- Meticulous attention to detail to ensure accuracy in financial reporting and consolidation.

**Adaptability and Continuous Learning**:

- Ability to adapt to changes in accounting standards and industry practices.
- Willingness to engage in continuous learning to stay updated on relevant financial and accounting trends.