Head of Financial Reporting

BASIC FUNCTION:

 

To liaise with client service delivery teams to ensure efficient and accurate production of GAAP financial statements for entire investment partnership and offshore corporation client base.  This includes working strategically to identify financial statement automation solutions as well as working to build out expertise in offshore locations.  This role would also take the lead when determining the firm’s response to new accounting or auditing pronouncements that affect the financial reporting process.  This role would also assist with managing the financial statement process for significant clients to ensure timely and accurate reporting and ensuring external audits are appropriately managed.  The position will also be responsible for associate development on their team including participating in interviewing, performance reviews and training of associates.

 

FUNCTIONS:

Enhance operating model for financial statement production

·  Identify financial statement automation opportunities

·  Work with business units in the firm to select automation tools

·  Work with operation teams to implement automation

·  Work with offshore locations to build expertise/teams to assist with production of year-end financial statements

Manage process of financial statement production for significant clients

·  Manage financial statement deliverables for significant clients

·  Assist with reviewing these financial statement deliverables as necessary

·  Ensure all deliverables are completed accurately and on a timely basis

·  Work closely with client service delivery teams to ensure they are properly involved in the preparation and review process

·  Ensure escalating critical issues to Team Leader,  Head of Operations and corresponding Client Relations, VP

Client Services

·  Understand and manage client expectations in conjunction with Client Relations

·  Ensure team provides consistent high-quality services

Ensure effective Staff Development

·  Participate in training of associates and liaise with training group to develop firm wide financial statement training

·  Oversee and participate in associate performance reviews

·  Provide associates on team with objectives

·  Manage vacation, time off of associates in conjunction with client deliverables

·  Work to keep voluntary turnover on team and department at a minimum

 

 

 

Ensure Internal and External Communications are timely and of High-Quality

·  Monitor quality assurance

·  Work to build strong relationships with key audit firms

·  Ensure all deliverables go through proper review

·  Act as technical and knowledge resource to the team/business unit

·  Promote positive Company image in all internal and external communications

·  Perform timely and regular reporting to Client Service team members and Client Relations

Enhance Operations and Industry Knowledge

·  Attend and participate in conferences and relevant industry meetings as directed

·  Review/update existing financial statement reporting tools (checklists, FS disclosures, etc)

·  Develop and participate in department wide initiatives

·  Hold regular team meetings to encourage associate feedback on all issues

·  Pro-actively seek out educational and informational sources to remain industry current

·  Anticipate trends and developments

·  Co-ordinate special projects as instructed

·  Demonstrate ability in acting as a senior technical resource

·  Perform senior functions, if required

 

QUALIFICATIONS:

·  University degree (B.A., B.Sc., M.B.A.) in Business majoring in Accountancy

·  Minimum of 10+ years’ industry experience, three of which must include staff management and significant experience with preparation of GAAP financial statements as related to unregistered investment companies

·  Minimum 4 years staff management experience

· A professional designation such as C.A. or C.P.A. required