Consolidations Manager
Consolidations Manager
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Job Description
Job Title: Consolidations Manager
Location: Chicago
Reports To: Director of Financial Reporting / CFO
Company Overview: Vantedge Medical is a leading contract manufacturer in the medtech industry specializing in highquality manufacturing solutions for medical device companies. With a focus on precision innovation and regulatory compliance we continue to expand our business globally. We are looking for a skilled Consolidations Manager to manage and oversee the company’s financial consolidation processes.
Position Overview: The Consolidations Manager will be responsible for managing the consolidation of financial statements across all subsidiaries and business units. This position plays a key role in ensuring accurate and timely financial reporting supporting both internal management and external regulatory requirements. The ideal candidate will have strong technical accounting skills experience in complex consolidations and a deep understanding of accounting principles especially in a multientity environment.
Key Responsibilities:
- Lead the consolidation process for monthly quarterly and annual financial statements ensuring timely and accurate reporting.
- Coordinate with accounting teams across subsidiaries to gather review and ensure proper consolidation of financial data.
- Prepare and review consolidated balance sheets income statements and cash flow statements in compliance with GAAP and international accounting standards.
- Oversee the identification analysis and elimination of intercompany transactions and balances to ensure consolidated financials are accurate.
- Manage intercompany reconciliation processes and ensure consistency across all entities.
- Ensure proper treatment of intercompany investments loans and dividends within consolidation.
- Prepare and review consolidated financial reports for internal management and external stakeholders including the Board of Directors investors and auditors.
- Ensure compliance with US GAAP IFRS (if applicable) and other relevant accounting standards and regulatory requirements.
- Support the external audit process by providing required documentation and resolving any audit issues related to consolidation.
- Identify and implement improvements to the consolidation process to streamline reporting timelines enhance accuracy and improve system efficiencies.
- Work closely with IT and accounting teams to enhance and optimize ERP systems and consolidation tools for better integration and reporting.
- Develop and implement policies procedures and controls to ensure the integrity and accuracy of financial consolidation.
- Collaborate with finance accounting and tax departments to ensure alignment on consolidation methods and treatment of specific transactions.
- Work with business unit leaders to ensure that financial reporting is in line with business strategies and any changes to the business structure are reflected in consolidated reports.
- Provide guidance and training to subsidiary finance teams on consolidation processes and reporting requirements.
- Provide adhoc financial analysis and insights to senior management on consolidated performance including variance analysis forecasting and business trends.
- Support the integration of newly acquired companies into the consolidation process including coordinating due diligence and financial reporting integration.
Qualifications:
- Bachelor’s degree in Accounting Finance or a related field. CPA CMA or MBA is preferred.
- 5 years of experience in financial accounting or consolidations with at least 2 years in a management or supervisory role. Experience in a Private Equity owned business is a plus.
- Experience in a global multientity organization preferably in the medtech manufacturing or healthcare industry.
- Strong understanding of US GAAP and financial consolidation methods.
- Experience with ERP systems (e.g. SAP Oracle NetSuite Infor Visual) and financial consolidation tools (e.g. Hyperion OneStream).
- Strong technical accounting and consolidation skills.
- Excellent analytical and problemsolving abilities.
- Attention to detail and ability to work in a fastpaced environment.
- Ability to manage multiple projects simultaneously and work under pressure.
- Strong communication skills with the ability to explain complex accounting concepts to nonfinancial stakeholders.
- Highly skilled in Microsoft Excel and various financial reporting tools with expertise in automation modeling and data visualization.
Benefits:
- Medical – Dental – Vision – Life Insurance
- Vacation and Sick Pay
- 401k
Employment Type
Full Time
