Job Description

Consolidation Manager - Financial Reporting - Managed Services

Key Responsibilities:

Consolidation Process Management:

+ Lead the end-to-end consolidation process for the group, including subsidiaries, joint ventures, and associates.
+ Ensure timely and accurate preparation of consolidated financial statements in compliance with IFRS.
+ Review and validate consolidation adjustments, including eliminations of intercompany transactions and balances.

IFRS Compliance & Financial Reporting:

+ Stay up-to-date with IFRS changes and assess their impact on group reporting.
+ Ensure that all financial reports comply with IFRS requirements, and coordinate with auditors to address and resolve any reporting issues.
+ Prepare and review monthly, quarterly, and annual consolidated financial statements, ensuring accuracy and completeness.

Variance Analysis & Financial Insights:

+ Conduct variance analysis on consolidated financial statements, identifying key drivers and providing insights for management.
+ Collaborate with FP&A to align financial reporting with budgets, forecasts, and strategic objectives.

Stakeholder Engagement:

+ Work closely with country-level finance teams to ensure consistent reporting standards across all entities.
+ Serve as the point of contact for external auditors regarding consolidation-related matters.
+ Present financial data and insights to senior management, addressing queries and supporting strategic decision-making.

Team Leadership & Development:

+ Manage, coach, and mentor a team of consolidation specialists to ensure high performance.
+ Foster a culture of continuous improvement and upskill team members on IFRS standards and consolidation best practices.

Systems & Process Improvement:

+ Identify opportunities to enhance the consolidation process through automation, tools, and best practices.
+ Collaborate with IT and finance systems teams to optimize the use of consolidation software (such as SAP BPC, Hyperion, Oracle FCCS).

Qualifications and Skills:

Education:

Chartered Accountant (CA) or equivalent qualification (CPA, ACCA, or CMA).

Experience:

Minimum of 10-12 years of experience in financial consolidation, with a strong background in IFRS-compliant group reporting.

Technical Expertise:

+ In-depth knowledge of IFRS standards, especially those relating to consolidation (e.g., IFRS 10, IFRS 3, and IFRS 12).
+ Experience with consolidation software and ERP systems is highly preferred (e.g., SAP BPC, Hyperion, Oracle FCCS).

Analytical Skills:

Excellent analytical skills with the ability to interpret complex financial data and provide actionable insights.

Leadership Skills:

Proven ability to lead and mentor a team, fostering a collaborative and high-performance work environment.

Communication Skills:

Strong communication and presentation skills, with the ability to convey financial insights to senior management and external stakeholders.

Problem-Solving:

Ability to identify issues in consolidation processes and implement effective solutions. Job ID 300000608150451