Torchora
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Key Responsibilities and Required Skills for Financial Reporting Manager

💰 $110,000 - $165,000

FinanceAccountingCorporate FinanceManagement

🎯 Role Definition

As our Financial Reporting Manager, you will be a cornerstone of the corporate accounting team, responsible for orchestrating the entire external reporting cycle. You will own the preparation of our consolidated financial statements and SEC filings, ensuring strict adherence to U.S. GAAP and regulatory requirements. This is a high-visibility role that requires collaboration with executive leadership, external auditors, and various internal departments. This role requires a proactive leader who can not only manage the existing processes but also drive improvements, mentor a talented team, and provide expert guidance on complex accounting issues. Your work will directly support the company's financial integrity and strategic decision-making.

📈 Career Progression

Typical Career Path

Entry Point From:

  • Senior Accountant (Public or Private)
  • Audit Manager (Public Accounting)
  • Senior Financial Analyst

Advancement To:

  • Director of Financial Reporting
  • Corporate Controller
  • Assistant Controller

Lateral Moves:

  • FP&A Manager
  • Technical Accounting Manager
  • Internal Audit Manager

Core Responsibilities

Primary Functions

  • Lead the end-to-end preparation and filing of all external financial reports, including Forms 10-K, 10-Q, and 8-K, ensuring accuracy and timeliness in compliance with SEC regulations.
  • Manage the monthly, quarterly, and annual consolidation and closing processes for a multi-entity organization, ensuring all deadlines are met.
  • Oversee the preparation of consolidated financial statements, including the balance sheet, income statement, statement of cash flows, and statement of stockholders' equity.
  • Author and review the Management's Discussion and Analysis (MD&A) section and all financial statement footnotes with a high degree of precision.
  • Serve as the primary point of contact and manage the relationship with external auditors, coordinating all aspects of quarterly reviews and the annual audit.
  • Research, evaluate, and document the company's position on complex technical accounting issues, such as revenue recognition (ASC 606), lease accounting (ASC 842), and stock-based compensation (ASC 718).
  • Monitor new accounting pronouncements from the FASB and SEC and lead the implementation of new standards across the organization.
  • Ensure compliance with Sarbanes-Oxley (SOX) internal controls related to the financial reporting process, including maintaining and updating process documentation and supporting control testing.
  • Develop and maintain accounting policies and procedures to ensure the highest level of efficiency and internal control.
  • Prepare and present financial reporting packages and technical accounting updates for the Audit Committee, Board of Directors, and executive leadership.
  • Manage the detailed XBRL tagging and review process for all SEC filings to ensure accuracy and compliance.
  • Drive process improvements and automation initiatives within the financial reporting function to increase efficiency and reduce closing timelines.
  • Mentor, train, and develop a team of financial accountants, fostering a collaborative and high-performance work environment.
  • Collaborate with FP&A, Legal, Investor Relations, and Tax departments to ensure consistency in external communications and reporting.
  • Prepare and review the earnings per share (EPS) calculation and supporting documentation.
  • Manage the accounting and reporting for business combinations, goodwill, and intangible asset impairment analyses.
  • Review and approve complex journal entries and account reconciliations prepared by the accounting team.
  • Assist in the preparation of materials for the company's quarterly earnings release and investor presentations.
  • Coordinate with international subsidiaries to ensure timely and accurate reporting for consolidation purposes.
  • Develop and maintain a comprehensive and detailed financial reporting calendar to manage deliverables and stakeholder expectations.
  • Lead special projects, including system implementations, M&A due diligence, and other accounting-related initiatives as they arise.

Secondary Functions

  • Support the annual budgeting and forecasting process by providing historical data and insights.
  • Assist the Treasury department with debt covenant compliance reporting and analysis.
  • Collaborate with the FP&A team on variance analysis of actual results against budget and forecast.
  • Participate in the continuous improvement of accounting systems and reporting tools to enhance analytical capabilities.

Required Skills & Competencies

Hard Skills (Technical)

  • Expert-Level U.S. GAAP: Deep, authoritative knowledge of accounting principles and standards.
  • SEC Reporting: Proven experience with 10-K, 10-Q, 8-K, and proxy statement preparation and filing.
  • Financial Consolidation: Expertise in consolidating financial data from multiple entities, including foreign subsidiaries and intercompany eliminations.
  • Technical Accounting Research: Ability to research, interpret, and document complex accounting guidance from FASB and SEC sources.
  • SOX Compliance: Strong understanding of internal control frameworks and experience managing SOX 404 requirements.
  • ERP Systems: Proficiency with large-scale ERP systems such as SAP, Oracle, or NetSuite.
  • Financial Reporting Software: Experience with reporting tools like Workiva (Wdesk), ActiveDisclosure, or similar platforms.
  • XBRL Tagging: Hands-on experience with the review and application of XBRL tags for SEC filings.
  • Advanced Microsoft Excel: Mastery of Excel for financial modeling, data analysis, and reconciliations.

Soft Skills

  • Leadership & Mentorship: Ability to lead, motivate, and develop a team of accounting professionals.
  • Exceptional Attention to Detail: A commitment to accuracy and precision in all deliverables.
  • Communication (Written & Verbal): Ability to articulate complex accounting concepts clearly and concisely to both financial and non-financial audiences.
  • Project Management: Strong organizational skills to manage multiple projects and competing deadlines effectively.
  • Critical Thinking & Problem-Solving: Proactive in identifying issues, analyzing root causes, and implementing effective solutions.
  • Stakeholder Management: Skill in building relationships and collaborating effectively across departments and with external partners.
  • Integrity & Professionalism: Unwavering ethical standards and discretion when handling sensitive financial information.

Education & Experience

Educational Background

Minimum Education:

  • Bachelor's Degree in Accounting or Finance.

Preferred Education:

  • Master's Degree in Accounting (MAcc) or an MBA with a concentration in Accounting.

Relevant Fields of Study:

  • Accounting
  • Finance

Experience Requirements

Typical Experience Range: 7-10+ years of progressive accounting experience.

Preferred:

  • Active CPA (Certified Public Accountant) license is strongly preferred.
  • A combination of Big 4 public accounting experience and financial reporting experience in a publicly-traded company is highly desirable.
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