Director Corporate Accounting and Reporting

Compensation:
Not disclosed
 


American Power Conversion Corporation (APC), a
1.7 billion dollar company is searching for a Director of
Corporate Accounting and Reporting. This individual will be responsible
for managing the monthly worldwide closing, consolidation, and
quarterly reporting of consolidated financial results to shareholders,
the Securities and Exchange Commission (SEC), Board of Directors, and
senior management to ensure that such reporting is in accordance with
“generally accepted accounting principles” (GAAP), SEC regulations, and
other applicable criteria. Assist in technical accounting research,
developing corporate-wide accounting policy, international accounting,
acquisition accounting, and department administration. Develop and
maintain an effective U.S. Corporate Accounting team. Work
collaboratively with non-U.S., SDG/MAG finance personnel, and other
functional departments.
PRIMARY DUTIES AND RESPONSIBILITIESWorldwide Monthly Closing Process
Coordinate
and support more than 15 APC Finance/Accounting locations in the U.S.,
Latin America, Europe, and Asia, as well as manage day-to-day
operations of the Corporate Accounting group at corporate headquarters.
Focus efforts to further improve/speed monthly closing cycle in
conjunction with broader company-wide initiatives. Lead and/or
participate in projects associated with the improvement of a variety of
related accounting processes and controls, both locally and globally.
Worldwide Consolidations
Manage/prepare
monthly consolidation of approximately 60 legal entities worldwide as
well as consolidated financial statements and other key data for senior
management, quarterly earnings releases, and SEC financial statement
disclosures. Manage/provide oversight to monthly reconciliation
processes that cover approximately 1,000 intercompany accounts
worldwide. Perform quarterly key balance review for all APC entities.
Quarterly Earnings Calls & External Financial Reporting
Directly
support the Controller and CFO with respect to preparation for
quarterly earnings release conference calls and quarterly financial
slides and analyses for presentations to the Board of Directors,
Leadership Council, etc. Prepare/coordinate financial disclosures in
APC’s Quarterly and Annual Reports to Shareholders and periodic filings
with the U.S. Securities and Exchange Commission (SEC) to ensure
compliance with GAAP and SEC regulations, including review and
implementation of new FASB Statements, Staff Positions,
Interpretations, Emerging Issues Task Force Consensus Positions, SEC
Staff Accounting Bulletins, etc. Manage recently accelerated filing
deadlines for APC’s Forms 10-Q and 10-K. Drafted and/or coordinate
APC’s responses to routine comment letters received from the SEC.
Coordinate “EDGARization” and electronic filing of all Forms 10-Q and
10-K as well as other periodic SEC filings. Evaluate the impact of FASB
pronouncements and other due process documents that may affect external
reporting responsibilities of APC to ensure appropriate resolution of
accounting issues raised by such rules and regulations, and timely
implementation. Monitor quarterly and annual SEC filings of peer group
for new and/or changed disclosures to develop an understanding of how
members of our peer group are interpreting SEC and FASB disclosure
guidance and requirements.
Corporate Accounting Group
Select,
develop, and motivate a team of six accounting professionals. Provide
oversight and guidance for Corporate Accounting activities, including
monthly general ledger journal entries, key account and bank
reconciliations and analyses. This team is also responsible for U.S.
fixed assets accounting, review and reconciliation of worldwide
quarterly capital expenditures, and monitoring/recording worldwide
fixed asset transfers.
Inventory/Cost Accounting Support
Execute
manual process to clear RM and WIP inventory variances to the P&L.
Reconcile inventory for Corporate and other entities as needed.
Interact with SDG finance personnel, and other functional departments
on various accounting and reporting matters. Support foreign currency
reporting requirements.
Non-U.S. Locations & Foreign Currency Reporting Requirements
Support
APC’s non-U.S. locations with respect to determination of functional
currencies and translation of non-U.S. transactions and trial balances.
Sarbanes-Oxley (SOX) Compliance
Identify, implement,
and/or monitor key controls related to APC’s month-end closing,
consolidation, account analysis, and external financial reporting
processes. Develop and implement corporate policies covering key
month-end close processes as well as certain accounting matters.
Maintain APC’s Intranet Finance Department website (provides
interactive information to APC employees worldwide about APC’s chart of
accounts, fiscal calendar, reporting timetable, etc.) Manage APC
Finance’s Lotus Notes database (used worldwide to facilitate key
month-end close and external financial reporting processes as well as
to comply with SOX control documentation requirements).
Oracle General Ledger (GL)
Manage
all GL access and user functionality, as well as Oracle segment value
structure and setup (APC chart of accounts), cross-validation rules,
security access rules, etc. Coordinate Oracle GL training worldwide.
Tax
Support
outsourced Tax function with respect to company-wide tax rate
optimization efforts via coordination of numerous transfer pricing
relationships/journal entries/analyses worldwide.
Acquisitions
Support
APC’s acquisitions with respect to the accounting for such
acquisitions, as well as assisting integration of acquired businesses
and newly formed foreign locations into APC’s accounting processes,
systems, and culture.
ADDITIONAL INFORMATION
o B.S. in Accounting or equivalent. CPA and/or MBA preferred.o
10-15 years of relevant accounting experience in a multi-national
public company and/or with a large public accounting firm. Experience
with SEC reporting requirements.o Comfortable and effective in a fast paced, deadline driven environment, managing multiple high-priority assignments.o Demonstrated analytical and problem-solving skills.o Relevant knowledge of IT applications to financial matters. Oracle experience preferred.o Excellent written and verbal communication skills.o Strong “people” skills. REQUIREMENTS
Please see Job Description