Director, Operational & Technical Accounting Advisory
Director, Operational & Technical Accounting Advisory
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Job Description
Company Overview
Theres a better way to work in financeand more specifically a better way to unlock value potential in private equity-backed portfolio companies. Working at the intersection of sponsors and management teams across every stage of the investment lifecycle our team provides hands-on execution-oriented support to elevate the office of the CFO.
So what does it mean to work at Accordion It means joining 1400 finance & technology experts in a high-growth collaborative and agile environment while changing the way portfolio companies drive value. It also means making your mark on Accordions future.
With the London office launching our European footprint London-based Accordionites will have a unique opportunity to flex their entrepreneurial muscles and drive our business forward in the European market.
Accordion is headquartered in New York City with 10 offices around the globe. Come join us as we build something great together.
Operational & Technical Accounting Advisory Practice
With the increase in complexity of the business environment and transactions CFOs of private equity-backed companies are increasingly being looked towards to drive strategic insights for their business. Finance organizations are no longer simply result reporters but rather they couple these results with forward-looking data to provide strategic insights which are leveraged to make business decisions. Efficiency of process and meaningful control environments allows for speed of financial reporting with increasingly accurate measures leaving more time for the finance team to add future enterprise value rather than look backwards.
Accordions Operational & Technical Accounting Advisory (O&T) Practice is comprised of a dedicated team providing accounting and financial advice to support PE-backed portfolio companies on a wide range of transactions and events including Accounting Policies & Procedures ERP/Financial System Execution Financial Statement Close Process Process & Controls Implementation Technical Accounting Finance/Accounting Assessment & Design and Finance & Accounting Organization Standup resulting from a Carve-Out or Merger transaction. We are doers and problem solvers making sense of complexity and bolstering sponsors value creation theses.
This role can be based in our London office. Ideal candidates should be local to the desired location with the flexibility to work remotely 1-2 days a week blending the best of both worlds for efficiency and collaboration.
What Youll Do:
The O&T Director will partner with Accordions leaders to service clients in the areas of Carve-Out transactions and other complex accounting focused within operational and technical matters. The O&T Director will be expected to work collaboratively with the Carve-Out Solutions Lead to service clients during a Carve-Out Transaction focused on the Finance and Accounting function specifically including:
- Designing Day 1 readiness plans around core accounting processes (order to cash procure to pay record to report)
- Standing up interim accounting functions in fast-paced low-resourced and unsophisticated environments
- Overseeing and managing cross functional constituents in a stressful environment to ensure the Office of the CFO is being setup for success
- Establishing a high-performing and efficient F&A function by assessing current capabilities versus needs in a PE environment identifying gaps and ensuring remediation steps are incorporated in detailed exit plan
- Reviewing and modifying TSA and rTSAs to ensure the right support and details are identified
- Preparing financial statements including ensuring GAAP compliance and adoption of key areas including ASC 805 ASC 718 ASC 350 ASC 810 ASC 842 ASC 606 among others
- Assisting in the design and implementation of new accounting policies and procedures
- Assessing and designing finance and accounting organizational structure
- Onboarding and managing third party firms including driving successful outcomes and mitigating risk and disruption to the client
- Overall bringing leadership and executive presence to all conversations representing expertise in our skill sets and our firm while coordinating a collaborative solution for our clients
- Additionally coaching and mentoring junior team members including hands-on teaching of complex areas around carve outs and overall client-based work
- Assisting in growing the firm by supporting business development activities
- Identifying and sponsoring internal initiatives
- Regular and extensive travel across Europe to work with clients in the relevant jurisdictions
Ideally You Have:
- Minimum of 8-10 years of relevant professional experience including direct Carve-Out experience working in a client serving role at a top-tier public accounting or financial advisory firm and/or mix of client service and private industry experience at a senior level
- Proven experience successfully managing multiple projects at the same time managing not only client/sponsor dynamics but internal team dynamics as well
- Bachelors degree in Accounting or related field; CPA is a plus
- A strong and up-to date knowledge of US GAAP (exposure to IFRS is a plus)
- Experience preparing financial statements and drafting footnote disclosures experience with first-time audits a plus
- Experience with Carve-Outs specifically in supporting operational needs within the F&A function
- Practical knowledge and success in managing the separation of business units as it relates to Carve-Outs
- Experience performing financial and operational internal control reviews
- Knowledge of performing IT assessments and financial system implementation experience is a plus
- Experience working with Private Equity with an understanding of the unique requirements of the Private Equity consulting environment
- Strong Excel and PowerPoint skills
- Strong client service mindset
Ideally You Are:
- A self-starter with a strong work ethic
- A leader of others; you lead by example
- A strong team player able to work with team members across all levels
- Able to effectively communicate complex issues and solutions and raise issues to senior team members when necessary
- Comfortable managing projects with multiple complex workstreams while also focused on your single workstream (you are managing and doing).
- Excited to be part of a growing team with a focus on driving future growth
- Full of entrepreneurial spirit and comfortable in a fluid flat organization
- Knowledgeable about the relationship between Private Equity sponsors and their portfolio companies
- Passionate about delivering exceptional client service
- Someone who enjoys mentoring others and doing meaningful work
- Willing to get your hands dirty in the details of a project while simultaneously seeing the whole picture
- Willing to travel according to client needs
Accordion is an Equal Opportunity Employer. We are committed to building a team that represents a variety of backgrounds perspectives and skills. We do not discriminate on the basis of race color religion marital status age national origin ancestry physical or mental disability medical condition pregnancy genetic information gender sexual orientation gender identity or expression veteran status or any other status protected under federal state or local law.
Please note that as per Accordion policy we do not accept unsolicited resumes from third-party recruiters unless such recruiters are engaged to provide candidates for a specified opening and in alignment with our inclusive diversity values. Any employment agency person or entity that submits an unsolicited resume does so with the understanding that Accordion will have the right to hire that applicant at its discretion without any fee owed to the submitting employment agency person or entity.
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Required Experience:
Director
Employment Type
Advisor
