Interim Head of Group Reporting

The Head of Group Reporting would be responsible for:

• IFRS adjustments of local GAAPs and consolidation to Group financial statements.
• Compliance with group regulatory and exchange reporting requirements.
• Establishing and developing a consistent reporting policy across group companies and over time, as applicable to local requirements.
• Consolidating accounting process description to an accounting manual/policy for the group (for example stock take for inventory and inventory adjustment, valuation of used stock, provisions for bad debt, IFRS-16).
• A documented, clear, consistent and systemic process for accruals, reserves, provisions and impairments.
• Improved granularity (detail and split) on costs and income, assets and liabilities and cash flows. Appropriate detail in the published accounts as business evolves.
• A clearly documented and systemic mapping, translation and classification/grouping process from transaction > local GAAP > MA > IFRS for all financial statements (income statement, balance sheet, cash flow statements).
• Efficient and consistent reporting process and system (incl choice, in agreement with other business heads, and application of accounting and management information system across the group).
• Manage systems, partners (eg. outsourced accounting function in Stockholm), team, process, communication and monitoring and control in Group consolidation.
• Constant work to improve automation, efficiency, transparency, consistency and integrity of reporting function. Minimize manual involvement and discretionary judgement and adjustments. Make sure an audit trail is always available, logical and easy to follow to the original transaction documents.
• Manage mandatory and optional disclosures.
• To own final closing numbers and disclosures (working with all suppliers of data, from local accounts to commercial departments to business management for highest efficiency and integrity) in the public reports.
• Lead audit work and arguments. Collect audit evidence from business departments or setting of process to collect such data and detail. Close and constructive day-to-day dialogue with auditors in preparation, execution and follow-up of reporting.
• Close dialogue and cooperation with internal audit on compliance and internal controls in the reporting process.
• Preparation of material for and occasional participation in the audit committee meetings.
• Drive all formal reporting (quarters and annual reports but not MAs) process (ie required reporting and all support thereof but not “marketing reporting” of business) and derivatives thereof (eg presentations).
• Close cooperation with FP&A to minimize differences and synchronize any changes between statutory, management and IFRS accounts and to employ forecasts and budgets to sense-check and test accounts (for example goodwill, asset values and margins).
• Identify and acquire resources (people and systems) necessary to improve integrity and efficiency in the reporting process.

Potential additional work areas

• Transfer pricing reporting, treasury policy and implementation.
• ESRD and CSRD reporting (and notably the double materiality analysis and EU taxonomy).
• Participation in implementation of ERP system across the Group (finance and IFRS parts).

Who you are

• At least 8 years work experience with 4 years of international IFRS reporting.
• More than 4 years of work experience in big 4.
• More than 4 years in corporate and holder of a recognized International accounting qualification (eg ACCA).
• Experience with listed company and international working experience are positives.
• Fluent English is a requirement. Strong German is a positive.
• Curious about business (understanding what the accounting reflects and how business and accounting should change), hands-on, lead-by-example approach.
• Firm diplomat profile, constructive and collaborative approach and driven but also to be practical and do him/herself.
• Speak up and disagree with management and auditors.
• Own IFRS results.
• Great communication skills; create circle of information flow for need and nice to know people in closing process.
• Forensic/detective (passion for drilling down and get to the truth) not taking things at face value.
• Architect and builder of systems and standard processes – doer and process leader.
• Believer in system, automation, records and traceability and basic understanding of and can read up on US GAAP in order to work with the local GAAP team to convert to IFRS.
• Drive constant development of the reporting function in terms of integrity, transparency, consistency and automation.
• Proactive, positive, energetic change agent seeking continuous improvement in reporting function.
• Experienced professional with good communication and team-working skills.
• Should be prepared to travel (to Germany and Kazakhstan but also to other markets, like possibly the US) at least quarterly and work irregular hours during closing periods.

About the process:

The assignment is full-time with start as soon as possible, and is expected to last for approx. 6-8 months. We present candidates on an ongoing basis and the interview with the client company takes place in close connection.

Do you have the right profile and are you available? Apply today!

Responsible recruitment consultant is Michael Schilling who collaborates with researcher Albin Humling.

(jobb-ID: 3688)

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