UL Solutions
Senior Manager, Corporate Accounting & Consolidations
UL Solutions, Northbrook, Illinois, us, 60065
This role is hybrid on-site (3) days a week in Northbrook or Chicago, IL
Reporting to the Global Accounting Director, the Corporate Accounting & Consolidations Senior Manager leads the consolidation of UL’s global financial results of 150+ legal entities using Oracle’s Cloud EPM Platform. This role has two direct reports and leads a team of 5 employees. The main focus is to ensure the accurate reporting of consolidated financial results, to participate in the preparation of monthly and quarterly analytical reviews, and to manage the team that performs intercompany accounting and eliminations. Additionally, this role manages the Financial Systems Support team.
Lead the monthly consolidation process for 150+ legal entity consolidation, including managing the global intercompany process and review of monthly US GAAP consolidated results.
Responsible for important close-related tasks including managing the global close calendar, reviewing consolidation journal entries, performing analytical reviews of monthly and quarterly financial results, and maintaining internal controls.
Manage and develop a Corporate Accounting Center of Excellence.
Collaborate with FP&A, Regional Accounting, Internal Audit, Corporate staff departments, external auditors, and other important members of UL’s Chief Accounting Officer’s organization.
Lead multiple Corporate Finance & Accounting projects to improve the efficiency and accuracy of the financial close process.
Lead ad hoc projects including IT enhancements for the financial and management reporting processes, analysis of business operations, proposed accounting treatment of unusual transactions or other accounting and finance related matters.
Review subsidiary and consolidated financial information and unusual transactions and lead meetings discussing analysis with Finance & Accounting leadership.
Oversee the global chart of accounts including managing updates for proper rollup to the financial statements and coordinating with other impacted departments.
Review monthly account reconciliations for key accounts as assigned.
Perform monthly analysis of foreign exchange transactions.
Work with audit functions to develop and improve internal policies to ensure compliance with SOX framework.
Manage the performance of direct reports by developing accountabilities, establishing performance goals, providing career counseling, feedback and guidance and ensuring that all policies are understood and followed.
Perform other tasks as assigned.
What you’ll experience working at UL:
Mission:
For UL Solutions, corporate and social responsibility isn’t new. Making the world a safer, more secure and sustainable place has been our business model for the last 130 years and is deeply engrained in everything we do.
People:
Ask any UL Solutions employee what they love most about working here, and you’ll almost always hear, “the people.” Going beyond what is possible is the standard at UL Solutions. We’re able to deliver the best because we employ the best.
Interesting work:
Every day is different for us here as we eagerly anticipate the next innovation that our customers create. We’re inspired to take on the challenge that will transform how people live, work and play. And as a global company, in many roles, you will get international experience working with colleagues around the world.
Grow & achieve:
We learn, work and grow together with targeted development, reward and recognition programs as well as our very own UL University that offers extensive training programs for employees at all stages, including a technical training track for applicable roles.
Total Rewards:
All employees at UL Solutions are eligible for bonus compensation. UL Solutions offers a generous 401k matching structure of up to 5% of eligible pay. Additionally, we invest an additional 4% into your retirement saving fund after your first year of continuous employment. We provide Healthcare Reimbursement Accounts and Health Savings Accounts that UL Solutions contributes to twice per year! Depending on your role, you can work with your manager on flexible working arrangements. We also provide employees with paid time off including vacation, holiday, sick and volunteer time off.
Minimum Requirements:
Bachelor’s or Master’s degree in Accounting required; US CPA required.
10+ years of progressive accounting experience, 6+ years of experience with corporate consolidations required.
Multinational global environment company experience required.
Must possess a high degree of technical knowledge of US GAAP and internal controls over financial reporting. SOX compliance experience required.
Experience with the implementation, development/enhancement and maintenance of large ERP platforms and accounting systems is required, Oracle FCCS experience is strongly preferred.
Strong experience managing professional staff.
Public accounting experience preferred.
Advanced level skill in Microsoft Excel, familiarity with SmartView or other Excel add-in tools for querying EPM data is a plus.
Experience with BI Reporting and/or building dashboards is a plus.
Excellent oral and written communication skills, ability to influence and message accounting close needs to a global audience.
Flexibility to work outside of US business hours to support subsidiaries across the globe.
A global leader in applied safety science, UL Solutions (NYSE: ULS) transforms safety, security and sustainability challenges into opportunities for customers in more than 110 countries. UL Solutions delivers testing, inspection and certification services, together with software products and advisory offerings, that support our customers’ product innovation and business growth. The UL Mark serves as a recognized symbol of trust in our customers’ products and reflects an unwavering commitment to advancing our safety mission. We help our customers innovate, launch new products and services, navigate global markets and complex supply chains, and grow sustainably and responsibly into the future. Our science is your advantage.
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Reporting to the Global Accounting Director, the Corporate Accounting & Consolidations Senior Manager leads the consolidation of UL’s global financial results of 150+ legal entities using Oracle’s Cloud EPM Platform. This role has two direct reports and leads a team of 5 employees. The main focus is to ensure the accurate reporting of consolidated financial results, to participate in the preparation of monthly and quarterly analytical reviews, and to manage the team that performs intercompany accounting and eliminations. Additionally, this role manages the Financial Systems Support team.
Lead the monthly consolidation process for 150+ legal entity consolidation, including managing the global intercompany process and review of monthly US GAAP consolidated results.
Responsible for important close-related tasks including managing the global close calendar, reviewing consolidation journal entries, performing analytical reviews of monthly and quarterly financial results, and maintaining internal controls.
Manage and develop a Corporate Accounting Center of Excellence.
Collaborate with FP&A, Regional Accounting, Internal Audit, Corporate staff departments, external auditors, and other important members of UL’s Chief Accounting Officer’s organization.
Lead multiple Corporate Finance & Accounting projects to improve the efficiency and accuracy of the financial close process.
Lead ad hoc projects including IT enhancements for the financial and management reporting processes, analysis of business operations, proposed accounting treatment of unusual transactions or other accounting and finance related matters.
Review subsidiary and consolidated financial information and unusual transactions and lead meetings discussing analysis with Finance & Accounting leadership.
Oversee the global chart of accounts including managing updates for proper rollup to the financial statements and coordinating with other impacted departments.
Review monthly account reconciliations for key accounts as assigned.
Perform monthly analysis of foreign exchange transactions.
Work with audit functions to develop and improve internal policies to ensure compliance with SOX framework.
Manage the performance of direct reports by developing accountabilities, establishing performance goals, providing career counseling, feedback and guidance and ensuring that all policies are understood and followed.
Perform other tasks as assigned.
What you’ll experience working at UL:
Mission:
For UL Solutions, corporate and social responsibility isn’t new. Making the world a safer, more secure and sustainable place has been our business model for the last 130 years and is deeply engrained in everything we do.
People:
Ask any UL Solutions employee what they love most about working here, and you’ll almost always hear, “the people.” Going beyond what is possible is the standard at UL Solutions. We’re able to deliver the best because we employ the best.
Interesting work:
Every day is different for us here as we eagerly anticipate the next innovation that our customers create. We’re inspired to take on the challenge that will transform how people live, work and play. And as a global company, in many roles, you will get international experience working with colleagues around the world.
Grow & achieve:
We learn, work and grow together with targeted development, reward and recognition programs as well as our very own UL University that offers extensive training programs for employees at all stages, including a technical training track for applicable roles.
Total Rewards:
All employees at UL Solutions are eligible for bonus compensation. UL Solutions offers a generous 401k matching structure of up to 5% of eligible pay. Additionally, we invest an additional 4% into your retirement saving fund after your first year of continuous employment. We provide Healthcare Reimbursement Accounts and Health Savings Accounts that UL Solutions contributes to twice per year! Depending on your role, you can work with your manager on flexible working arrangements. We also provide employees with paid time off including vacation, holiday, sick and volunteer time off.
Minimum Requirements:
Bachelor’s or Master’s degree in Accounting required; US CPA required.
10+ years of progressive accounting experience, 6+ years of experience with corporate consolidations required.
Multinational global environment company experience required.
Must possess a high degree of technical knowledge of US GAAP and internal controls over financial reporting. SOX compliance experience required.
Experience with the implementation, development/enhancement and maintenance of large ERP platforms and accounting systems is required, Oracle FCCS experience is strongly preferred.
Strong experience managing professional staff.
Public accounting experience preferred.
Advanced level skill in Microsoft Excel, familiarity with SmartView or other Excel add-in tools for querying EPM data is a plus.
Experience with BI Reporting and/or building dashboards is a plus.
Excellent oral and written communication skills, ability to influence and message accounting close needs to a global audience.
Flexibility to work outside of US business hours to support subsidiaries across the globe.
A global leader in applied safety science, UL Solutions (NYSE: ULS) transforms safety, security and sustainability challenges into opportunities for customers in more than 110 countries. UL Solutions delivers testing, inspection and certification services, together with software products and advisory offerings, that support our customers’ product innovation and business growth. The UL Mark serves as a recognized symbol of trust in our customers’ products and reflects an unwavering commitment to advancing our safety mission. We help our customers innovate, launch new products and services, navigate global markets and complex supply chains, and grow sustainably and responsibly into the future. Our science is your advantage.
#J-18808-Ljbffr