Torchora
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Key Responsibilities and Required Skills for Financial Reporting Analyst

💰 $75,000 - $110,000

FinanceAccountingFinancial AnalysisCorporate Reporting

🎯 Role Definition

As a Financial Reporting Analyst, you will be a cornerstone of our finance department, responsible for the preparation, analysis, and dissemination of critical financial data. You will collaborate cross-functionally to support the month-end and quarter-end close processes, ensure compliance with regulatory requirements (like SEC and SOX), and provide insightful analysis that drives strategic business decisions. This position offers a unique opportunity to gain deep exposure to the company's financial operations and contribute directly to our financial storytelling.

📈 Career Progression

Typical Career Path

Entry Point From:

  • Staff Accountant / Corporate Accountant
  • Public Accountant (Audit Associate)
  • Junior Financial Analyst

Advancement To:

  • Senior Financial Reporting Analyst
  • Financial Reporting Manager
  • Assistant Controller

Lateral Moves:

  • Financial Planning & Analysis (FP&A) Analyst
  • Internal Auditor
  • Technical Accounting Specialist

Core Responsibilities

Primary Functions

  • Prepare and analyze consolidated financial statements, including the balance sheet, income statement, and statement of cash flows, on a monthly, quarterly, and annual basis.
  • Play a key role in the external reporting process, including the drafting and filing of SEC documents such as Forms 10-K, 10-Q, and 8-K.
  • Develop and maintain detailed supporting schedules and workpapers for financial statement accounts and SEC filings to ensure accuracy and audit readiness.
  • Conduct in-depth variance analysis of financial results against budget, forecast, and prior periods, providing clear and concise commentary on key drivers.
  • Research, interpret, and implement new accounting pronouncements and standards (U.S. GAAP and/or IFRS) to ensure the company's reporting is compliant.
  • Act as a key liaison with external auditors during quarterly reviews and annual audits by providing requested documentation and explaining accounting treatments.
  • Assist in the coordination and execution of the month-end, quarter-end, and year-end financial close processes to meet strict deadlines.
  • Ensure compliance with Sarbanes-Oxley (SOX) internal controls by performing, documenting, and testing key financial reporting controls.
  • Prepare financial data and disclosures for investor relations materials, including earnings releases, conference call scripts, and investor presentations.
  • Analyze complex financial transactions, such as mergers and acquisitions, debt financing, and equity-based compensation, to determine the proper accounting treatment.
  • Reconcile and analyze key general ledger accounts to ensure the integrity and accuracy of the underlying financial data.
  • Partner with various business units (e.g., FP&A, Legal, Treasury) to gather necessary information and ensure consistent financial reporting across the organization.
  • Drive process improvements and automation within the financial reporting function to enhance efficiency, accuracy, and scalability.
  • Prepare and review footnote disclosures for financial statements, ensuring they are comprehensive and compliant with all relevant regulations.
  • Support the preparation of management reporting packages for senior leadership and the Board of Directors, highlighting key financial trends and performance metrics.
  • Manage the XBRL tagging process for SEC filings, ensuring accuracy and compliance with current taxonomy standards.
  • Perform technical accounting research on non-routine transactions and document conclusions in formal accounting memos.
  • Assist in the preparation of government and statutory financial reports required for various jurisdictions.
  • Maintain and update the company's accounting policies and procedures manual to reflect current practices and standards.
  • Participate in special projects related to financial systems implementation, process re-engineering, and M&A due diligence and integration.
  • Analyze and report on cash flow activities, providing insights into operating, investing, and financing trends.
  • Develop and maintain financial models to support reporting, forecasting, and ad-hoc analytical needs.

Secondary Functions

  • Support ad-hoc data requests and exploratory data analysis from senior management.
  • Contribute to the organization's data governance strategy and financial systems roadmap.
  • Collaborate with business units to translate data needs into engineering and system requirements.
  • Participate in sprint planning and agile ceremonies within the finance and accounting teams for project-based initiatives.
  • Assist in the administration and maintenance of financial reporting software and systems.
  • Provide training and support to junior staff members and other departments on financial reporting matters.

Required Skills & Competencies

Hard Skills (Technical)

  • Deep understanding of U.S. Generally Accepted Accounting Principles (U.S. GAAP) and/or International Financial Reporting Standards (IFRS).
  • Proficiency in preparing and analyzing financial statements (Balance Sheet, Income Statement, Statement of Cash Flows).
  • Advanced Microsoft Excel skills, including VLOOKUPs, SUMIFs, pivot tables, complex formulas, and financial modeling.
  • Direct experience with SEC reporting requirements, including the preparation of Forms 10-K and 10-Q.
  • Hands-on experience with large-scale ERP systems (e.g., SAP, Oracle, NetSuite, Workday Financials).
  • Familiarity with financial reporting and consolidation tools like Hyperion (HFM), OneStream, or Workiva (Wdesk).
  • Knowledge of Sarbanes-Oxley (SOX) compliance and internal control frameworks.

Soft Skills

  • Exceptional attention to detail and a commitment to accuracy and data integrity.
  • Strong analytical and problem-solving skills with the ability to interpret complex financial data and tell the story behind the numbers.
  • Excellent written and verbal communication skills, capable of explaining complex accounting concepts to non-financial stakeholders.
  • Proven ability to manage multiple priorities and meet tight deadlines in a fast-paced, deadline-driven environment.
  • High level of integrity, professionalism, and a collaborative, team-oriented mindset.
  • A proactive and curious mindset with a strong desire for continuous learning and process improvement.

Education & Experience

Educational Background

Minimum Education:

  • Bachelor's degree in a relevant field.

Preferred Education:

  • Master's degree in Accounting or Finance; active CPA license or in active pursuit of CPA certification.

Relevant Fields of Study:

  • Accounting
  • Finance
  • Business Administration

Experience Requirements

Typical Experience Range:

  • 3-5 years of relevant experience in financial reporting, public accounting (audit), or corporate accounting.

Preferred:

  • Experience in a publicly traded company and/or a "Big 4" or national public accounting firm is highly desirable.
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