Director of Global Accounting and G/L Controls and Procedures

The McGraw-Hill Companies is one of the world's leading providers of information services and publishers of educational, business and professional information



Basic Purpose:  Responsible for the global monthly financial close process, including consolidation, reporting, and analysis for the corporation.  This position is also responsible for the worldwide G/L structure, controls, and procedures in regards to ensuring that they are in compliance with US GAAP.  Provide accounting support to the Segments of McGraw-Hill and ensure that these units are appropriately implementing US GAAP and McGraw-Hill policies and procedures.  Support segments with their financial, accounting, management, intercompany and system issues.  Take lead on key projects in the Global Accounting and G/L Controls and Procedures departments.

 

2. Principal Accountabilities:

 

hCoordinate the global monthly financial close process.  Ensure all International and US locations are properly consolidated in accordance with US GAAP and that all intercompany activity has been eliminated, balanced and reconciled.  Oversee the preparation of various internal reports and supporting schedules that are supplied on a monthly, quarterly, and annual basis.

hCoordinate the preparation and ensure accuracy of reports / schedules used for external reporting purposes.  This includes, but is not limited to:  10Q / 10K footnote support, Federal and State tax reporting, and Census reporting. 

hOversee the reconciliation of accounts and look for ways to improve process. 

hProvide leadership / project management and subject matter expertise allowing for continued progress in change management while meeting the core responsibilities of our customers.   This includes, but is not limited to: Intercompany Automation and usage, Accounting for Foreign Exchange, Statutory Reporting and improving processes and accounting for suspense and zones.

hProvide information and analytical support to corporate departments including Corporate Controllers, FAPP, and Tax.  This may include ad-hoc reporting, detailed account or process analysis or consultation on policy issues.

hAssist with acquisitions and divestitures.  This would involve putting together information for a potential purchase or sale as well as integrating the entities into current reporting.

hMaintain a high level of customer service to all business operations.  Determine business requirements and identify the best methods to meet their needs in both an accurate and timely manner. 

hParticipate in the formation of new accounting policies to meet the Corporations business requirements

hSupport Controller’s organization with any policy and procedural changes as needed.

hEnsure all Accounting Controls and Procedures are functioning properly.  Ensure that accounting processes and procedures implemented by segments are appropriate and consistent with US GAAP and McGraw-Hill Corporate policies.  This includes ongoing review of procedures and periodic operational /balance sheet reviews with Segments and Divisional Controllers.

hDevelop necessary controls to meet the dynamic nature of corporate reporting.

hCommunicate with Business Units during monthly close process and to take a lead in solving issues that arise.

hOversee statutory and tax adjustments and reporting for the Corporation.  Ensure process is well defined, adhered to and meets the needs of the international community.

Assist with other projects as assigned by the senior director of Financial Reporting, Analysis and General Accounting.



Knowledge & Experience:

 

? Education should include a college degree in Accounting with a CPA accreditation.

? Experience: 8 to 12 years accounting/finance experience.

? Knowledge of multi currency — ERP (Lawson preferred), its design and reporting capabilities.

? Knowledge of Oracle Financial Analyzer is preferred.

? Working knowledge of M-H Corporate structure and reporting structure preferred.

? Comprehensive knowledge of accounting theory and practices including the ability to implement strong internal controls and review reconciliations.  Comprehensive knowledge of global accounting practices is preferred, especially FX and statutory reporting.

? Knowledge of both Corporate and Business Units needs and requirements.

? Management experience is essential.  This experience should include leading change in both accounting and mental processes.

? Excellent written and communication skills to effectively interact with all levels of personnel, especially senior management.

? Ability to be assertive to follow up on issues and responsible in adhering to deadlines.

?   Strong working knowledge of personal computers, including Excel and Access.