Financial Reporting Job Description
Financial reporting
provides guidance on technical (US GAAP/IFRS) accounting issues to plant locations and value stream leaders.
Financial Reporting Duties & Responsibilities
To write an effective financial reporting job description, begin by listing detailed duties, responsibilities and expectations. We have included financial reporting job description templates that you can modify and use.
Sample responsibilities for this position include:
Research complex GAAP and SEC reporting issues to ensure proper accounting treatment and compliance
FP&A teams
Manage the preparation of certain audited financial statements, including Forms 11-K for the 401(k) plan and ESIP, and coordinate audits with external auditors
Ensure SEC reports are prepared in compliance with applicable regulations, including XBRL requirements, and in accordance with the corporate calendar
Coordinate and lead the review of subsidiary financial statements prepared by the global corporate accounting teams
Benchmark disclosures against industry peers’ filings
Implement new financial reporting requirements in partnership with global accounting policy
Drive continuous improvement in financial reporting processes
Liase with other areas of finance, including consolidation, accounting, accounting policy, tax, treasury, investor relations, AUM operations & reporting, financial strategies, and other business areas including legal and HR
Manage the quarterly impairment analysis for goodwill, intangibles and other assets
Financial Reporting Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Financial Reporting
List any licenses or certifications required by the position: CPA, CFA, COSO, CIMA, ACCA, SOX, CMA, BI, EBITDA, TE
Education for Financial Reporting
Typically a job would require a certain level of education.
Employers hiring for the financial reporting job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Accounting, Finance, Business, Economics, Education, Business/Administration, MBA, Graduate, Finance/Accounting, Management
Skills for Financial Reporting
Desired skills for financial reporting include:
US GAAP
Microsoft Office
GAAP
IFRS
US GAAP/ IFRS
Excel
Overall process operating model while assisting with deployment of operational changes
SAP
Work experience
Accounting and regulatory concepts
Desired experience for financial reporting includes:
Contribute to the development of the strategy for the business by providing advice on the financial, tax planning and financial risk management aspects
Coordinate the preparation of financial statements, financial reports, special data analysis, and adhoc information reports by managing a team of financial and management accountants and analysts and communicating the standards for these reports
Analyse cash flow, cost controls, and expenses to guide managers analyse financial statements to pinpoint potential weak areas
Direct and oversee financial operations, business reviews and performance analysis for the business unit
Present and report accurate and timely historical financial information of the business to Group Finance
Review the financial and management accounting reporting practices in place in the cluster to ensure that they meet the required standards
Financial Reporting Examples
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Financial Reporting Job Description
Job Description Example
Our company is looking for a financial reporting. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for financial reporting
- Review minutes of meetings and contracts to ensure financial statements accurately reflect activities
- Review audited annual and unadudited interim accounts
- Organise and attend meetings with audit firms
- Train, coach and mentor junior staff within the department
- Attend meetings on behalf of the department
- Consolidate, prepare, review and submit financial reports including the SEC 10K, 10Q, 8K and earnings releases
- Review and analyze quarterly financial statements
- Support the month end process and create financial reports
- Complete detailed analyses related to the P&L, balance sheet and income statement
- Conduct actual to budget variance analysis
Qualifications for financial reporting
- Establishing and managing relationships with the Lines of Business with external regulatory agency constituents through ongoing partnership and dialogue
- Participate in other regulatory requirement reporting such as CCAR and Recovery & Resolution (R&R)
- Manage the timely and accurate submission of monthly Bank Act (BA) information to Group Regulatory Reporting (GRR) for submission by GRR to the South African Reserve Bank (SARB)
- Ensure that monthly BA reporting variances are communicated in time to GRR for submission to SARB
- Based on the standards determined by Group Finance, arrange for the evaluation and update of the financial systems in place in the business (systems include budget tools, tax planning tools, financial reporting systems, asset registers )
- Manage the monthly updating of the General Ledger Cost Centre roll-up structures to ensure reporting on all cost centres within the business
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Financial Reporting Job Description
Job Description Example
Our growing company is looking for a financial reporting. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for financial reporting
- Assist in the ongoing monitoring and interpretation of new SEC/GAAP, Regulatory pronouncements, prepare position papers on the impact to the company and implement the accounting treatments
- Engage on a regular basis with division
- Assist with preparation of MD&A for SEC filings
- Preparation of supporting schedules for quarterly external reporting including Federal Reserve reporting and SEC 10Q/K
- Preparation of monthly hedge instructions
- Preparation, review and maintenance of hedge designation documentation/checklists
- Posting of journals to recognize CTA hedges within the General ledger, subject to hedge accounting rules
- Posting of journals to recognize CTA Tax balances
- Lead team of 6 managers and oversee production of financial statements and SEC filings
- Develop and implement financial reporting policies, procedures, controls and solutions to financial reporting issues and developments
Qualifications for financial reporting
- Must possess strong knowledge of accounting principles and standards
- Must possess strong capital market knowledge
- Must have experience with automated financial systems, including a general ledger and financial reporting software
- Manage and oversee the compliance with governance and budgetary reporting requirements
- Develop and implement finance, accounting, billing, and auditing procedures
- Effectively implement Absa's GL Control Framework within the business
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Financial Reporting Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of financial reporting. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for financial reporting
- Making sure everything is within compliance of GAAP
- Prepares quarterly fluctuation analysis for assigned companies
- Assists with maintaining SOX control documentation for the statutory financial statements
- Completes certain municipal and state filings and accounts payable vouchers for filing fees
- Researches state insurance department websites for updates to filing and fee requirements
- Maintains proper file documentation and procedures
- Coordinate the quarterly Sarbanes-Oxley certification process
- Consult on projects with a SOX impact to ensure new processes, systems or environments have appropriate control considerations and ensure SOX documentation is updated accordingly upon implementation
- Review earnings releases and investor presentations for accuracy
- Prepare or review subjective monthly and quarterly calculations as assigned
Qualifications for financial reporting
- Lead a team of financial specialists to achieve excellent operational results through continuous people development and mentoring activities
- B Com / (Hons) or Equivalent
- 2 years Experience in Accounting and Controlling
- 2 years Experience in Financial Management, Strategic Planning and Governance Processing and Reporting
- Demonstrate knowledge of a range of fund accounting activities and their interaction with the production of financial statements, understanding of different fund strategies and of relevant investment instruments and products including different types of derivatives
- Bachelor’s Degree in Management Engineering, Business, Economics or Finance
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Financial Reporting Job Description
Job Description Example
Our company is looking for a financial reporting. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for financial reporting
- Prepare and review of all public filings (10-Q, 10-K, 8K and other SEC filings)
- Work with the investor relations function on the preparation of quarterly earnings materials
- Review the detailed Xtensible Business Reporting Language (XBRL) tagging of financial statements and footnotes
- Manage and provide support to staff
- Assist in the maintenance of the general ledger of JRI America, inc. including booking, inter-company billing, preparing and circulating daily and monthly reports, month end closing and reporting, responding to inquiries from the business side and head office, compiling year end audit documents and schedules
- Prepare the Quarterly and Annual reports on Form 10-Q/K and 8-K draft of quarterly earnings release and manage the internal and external review for these documents
- Prepare certain schedules and footnotes for annual and interim external reporting (10Ks, 10Qs)
- Assist with XBRL tagging of the SEC filings
- Maintain and apply foreign exchange rates used for translation in the monthly consolidation process
- Administer Microsoft Navision general ledger platform, including chart of accounts
Qualifications for financial reporting
- 3/4 years of experience in the role in industry within a finance role or accounting firm (big 4)
- Ensures accurate and timely presentation of financial results
- Ability to work across functional areas and quickly contextualize process knowledge
- Qualified accountant or equivalent degree or experience
- CTA/Net Investment Hedging experience
- Previous experience in hedge accounting or product control for FX forward contracts
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Financial Reporting Job Description
Job Description Example
Our company is hiring for a financial reporting. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for financial reporting
- Assist in preparation of consolidated balance sheets, income statements, and statements of cash flows equity statements and statements of comprehensive income
- Prepare quarterly and annual schedules, which support Earnings release documents and SEC filings
- Assist with execution of XBRL filing procedures
- Assist in preparation of annual impairment analysis
- Maintain internal controls and reporting for reporting processes and SEC filings
- Coordinate with external auditors during quarterly review and audit process
- Prepare monthly close documentation and global journal entries
- Assist in preparation of income statements, balance sheets, equity statements and cash flows
- Support key customers in a variety of fields
- Lead global monthly close and consolidations process
Qualifications for financial reporting
- Previous Treasury Control or Legal Entity Control experience
- Experience preparing board materials
- Ability to clearly explain and present concepts to any level
- Ability to manage multiple tasks and deliver quality products in a deadline-oriented environment
- Workiva experience a plus
- Bachelor’s degree in Accounting a CPA license required