Revlon
Senior Manager, Accounting (Consolidation & External Reporting)
Revlon, New York, New York, us, 10261
Description
At Revlon, we create beauty innovations for everyone that inspire confidence and ignite joy every day.
Breaking beauty boundaries is in our company’s DNA. Since its game-changing launch of the first opaque nail enamel in 1932 (and later, the first long-wear foundation), Revlon has provided consumers with high-quality product innovation, performance, and sophisticated glamour. Elizabeth Arden made waves as a woman-led beauty company in the 1920s. In 1931, Almay became the original hypoallergenic, fragrance-free beauty brand.
Today, Revlon resiliently continues its legacy as a leading global beauty company. Our diverse portfolio—which consists of some of the world’s most iconic brands and product offerings in color cosmetics, skin care, hair color & care, personal care, and fragrances—is sold around the world through prestige, professional, mass, and direct-to-consumer retail channels. These brands include Revlon, Revlon Professional, Elizabeth Arden, Almay, American Crew, CND, Cutex, Mitchum, Sinful Colors, Creme of Nature, Britney Spears, Christina Aguilera, John Varvatos, Juicy Couture, Ed Hardy and more.
We honor our heritage, embrace change, and applaud diversity. We champion our employees and celebrate our consumers.
We are Revlon, together, transforming beauty.
Basic Function:
Financial Close and Reporting
Technical Accounting and Policies, including but not limited to:
Lease Accounting (ASC 842)
Pension Accounting (ASC 715)
Share-Based Compensation Accounting (ASC 718)
Revenue Recognition (ASC 606)
Goodwill & Intangibles (ASC 350 & 360)
Defined Benefit Pension and Savings Plan Financial Statements (preparation)
Coordination with External Auditors
Liaise with Corporate Controller’s Organization, Internal Audit, Global Finance Community, and other resources or external consultants
Systems – Hyperion tool suite (Consolidation, Management Reporting, Planning); Wdesk/ Workiva; ERPs (SAP & JDE); Blackline; AuditBoard
Special Projects / Ad-hoc Support / Analysis
Major Duties:
Financial Close and Reporting:
Responsible for preparing deliverables for lender or covenant compliance including:
Preparing the Company’s monthly, quarterly and annual Cash Flow statements
Reviewing the Company’s monthly, quarterly and annual Balance sheet and Income statement
Quarterly EBITDA Reconciliation to Operating Income and Net Income in accordance with the lender agreement
Preparation and/ or review of MD&A and footnote disclosures including goodwill and intangibles, PP&E and leases, stock compensation, pensions, restructuring reserve, debt, segments, etc.
Preparation of cash flow analytics quarterly
Responsible for reviewing and/or preparing disclosure checklists, as applicable.
Adhere to established, tight timelines with high quality output throughout the process. Drive consistency and accuracy in outputs to increase efficiency, facilitate review, awareness of expectations, and identify impediments to improving the quality and speed of the processes. Interface with other departments to obtain/confirm data in the statements including Treasury, FP&A, Operations Finance, Tax, Legal, Human Resources and Local business and accounting teams
Work with the consolidation team in ensuring that the financial close is tracking as expected and help drive changes with respect to close improvements for efficiency and effectiveness.
Technical Accounting & Policies:
Quarterly, conduct a review and analysis of recent developments in accounting and financial pronouncements (SEC, FASB, PCAOB, etc.) and their likely impact for the company. Prepare a summary of recent developments and circulate to the Finance organization.
Annual Impairment assessment – prepare balance sheet by reporting unit and coordinate with external valuation specialists and FP&A on financial projections and assumptions for ASC 350 and ASC 360 impairment assessments, as applicable.
Responsible for the maintenance and communication of the Company’s Corporate Financial Policies, including periodical review and update of existing policies, as deemed necessary. Assist in the Company’s adoption of new accounting standards and draft new policies, as needed.
Familiarity with technical accounting guidance pertaining to all the financial statements areas/ disclosures and proven ability to research accounting guidance tools.
Advanced knowledge in technical areas including, but not limited to; Revenue Recognition (ASC 606), Lease Accounting (ASC 842), Pension Accounting (ASC 715), Share-Based Compensation (ASC 718), Intangibles & Goodwill (ASC 350).
Work with the Director to ensure the shared-based payment accounting is in accordance with U.S. GAAP. Coordinate with HR to obtain data required for share-based compensation accounting and stock reconciliations as well as external specialists for share price and option valuations.
Defined Benefit Pension and Savings Plan Financial Statements:
Responsible for preparation of financial statements and footnotes of the Company’s 401K Savings plan and Defined Benefit pension plans in Wdesk.
Coordinate with HR/ Benefits group and external auditors to ensure financials are completed timely.
In coordination with the Company’s actuaries and external auditors, work with the Director to ensure the pension accounting is in accordance with U.S. GAAP. Responsible for pension-related disclosures in the financial statements.
Prepare/ review annual pension assumption memo.
Coordination with External Auditors:
Conduct proactive, in-depth discussions about data required by the Auditors and manage the timely preparation / delivery / follow up of those data needs (PBC List).
Maintain a listing of non-GAAP policies or practices identified and obtain related support from local entities to aggregate materiality.
Liaise with Corporate Controller’s Organization, Internal Audit, Global Finance Community and other resources or external consultants:
Ensure all activities and tasks for internal control purposes assigned to the external reporting group are in full compliance with the internal control matrices and risk are adequately addressed and activities properly documented.
Coordination for local management representation certifications.
Prepare and provide deliverables due from the external reporting group as needed.
Systems
HFM for consolidation and reporting;
Wdesk/Workiva for preparation of quarterly and annual financial statements and footnotes, with proper linking and checks for discrepancies or inconsistencies within the document;
SAP and JDE as accounting entry source repositories and ERPs;
Hyperion
MR (management reporting) & Planning/ Essbase to review Forecast and/ or brand/segment data;
HFM for consolidated results review;
Blackline for balance sheet reconciliations; and
Auditboard for control ownership and overall control framework compliance.
Special Projects/ Ad-hoc Support / Analysis: Execute high-quality and timely analysis / support as required. Provide support as required to local markets/subsidiaries, Treasury, Executive Staff, External Consultants, Legal, Tax and other functional areas.
Knowledge & Skills Required:
Minimum 6 years of experience in variance accounting and finance roles, with a preference for experience in the consumer packaged goods (CPG) industry
Undergraduate Degree in Finance / Accounting
CPA Designation
Excellent knowledge of U.S. GAAP requirements
Proven self-starter with the ability to balance multiple tasks of competing priorities in a changing and dynamic environment.
Strong knowledge of SEC requirements and experience with end to end preparation of financial statements.
Excellent oral and written English communication skills.
Experience interacting well at senior management and executive levels with a proven ability to assess business risk and escalate to management with appropriate alternatives.
Strong interpersonal, verbal and written communication skills with an ability to facilitate or lead cross-finance teamwork.
Proven problem solving and root cause identification skills.
Strong analytic and decision-making abilities.
Able to work effectively at all levels in an organization.
#LI-AH1
The base pay range for this position in New York City is $130,000 - $145,000/year; however base pay offered may vary depending on skills, experience, job-related knowledge, and location. Certain positions may also be eligible for short and/or long-term incentives as part of total compensation.
Employees (and their families) are eligible for medical, dental, and vision benefits. Employees are covered by the company-paid basic life insurance policy. Other benefits offered to employees include but are not limited to the following: long-term disability, supplemental life insurances, flexible spending accounts, critical illness insurance, group legal, identity theft protection, etc. Employees are also able to enroll in our 401k Retirement Savings Plan.
Employees are also enrolled in our company-paid short-term disability insurance (the benefit commences upon hire and allows for a portion of base salary for up to 26 weeks if you are disabled).
Employees will also receive 3 weeks of vacation, pro-rated based on date of hire for the 1st year of employment and twelve paid holidays throughout the calendar year.
This role is eligible for an annual bonus based on company performance.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)
At Revlon, we create beauty innovations for everyone that inspire confidence and ignite joy every day.
Breaking beauty boundaries is in our company’s DNA. Since its game-changing launch of the first opaque nail enamel in 1932 (and later, the first long-wear foundation), Revlon has provided consumers with high-quality product innovation, performance, and sophisticated glamour. Elizabeth Arden made waves as a woman-led beauty company in the 1920s. In 1931, Almay became the original hypoallergenic, fragrance-free beauty brand.
Today, Revlon resiliently continues its legacy as a leading global beauty company. Our diverse portfolio—which consists of some of the world’s most iconic brands and product offerings in color cosmetics, skin care, hair color & care, personal care, and fragrances—is sold around the world through prestige, professional, mass, and direct-to-consumer retail channels. These brands include Revlon, Revlon Professional, Elizabeth Arden, Almay, American Crew, CND, Cutex, Mitchum, Sinful Colors, Creme of Nature, Britney Spears, Christina Aguilera, John Varvatos, Juicy Couture, Ed Hardy and more.
We honor our heritage, embrace change, and applaud diversity. We champion our employees and celebrate our consumers.
We are Revlon, together, transforming beauty.
Basic Function:
Financial Close and Reporting
Technical Accounting and Policies, including but not limited to:
Lease Accounting (ASC 842)
Pension Accounting (ASC 715)
Share-Based Compensation Accounting (ASC 718)
Revenue Recognition (ASC 606)
Goodwill & Intangibles (ASC 350 & 360)
Defined Benefit Pension and Savings Plan Financial Statements (preparation)
Coordination with External Auditors
Liaise with Corporate Controller’s Organization, Internal Audit, Global Finance Community, and other resources or external consultants
Systems – Hyperion tool suite (Consolidation, Management Reporting, Planning); Wdesk/ Workiva; ERPs (SAP & JDE); Blackline; AuditBoard
Special Projects / Ad-hoc Support / Analysis
Major Duties:
Financial Close and Reporting:
Responsible for preparing deliverables for lender or covenant compliance including:
Preparing the Company’s monthly, quarterly and annual Cash Flow statements
Reviewing the Company’s monthly, quarterly and annual Balance sheet and Income statement
Quarterly EBITDA Reconciliation to Operating Income and Net Income in accordance with the lender agreement
Preparation and/ or review of MD&A and footnote disclosures including goodwill and intangibles, PP&E and leases, stock compensation, pensions, restructuring reserve, debt, segments, etc.
Preparation of cash flow analytics quarterly
Responsible for reviewing and/or preparing disclosure checklists, as applicable.
Adhere to established, tight timelines with high quality output throughout the process. Drive consistency and accuracy in outputs to increase efficiency, facilitate review, awareness of expectations, and identify impediments to improving the quality and speed of the processes. Interface with other departments to obtain/confirm data in the statements including Treasury, FP&A, Operations Finance, Tax, Legal, Human Resources and Local business and accounting teams
Work with the consolidation team in ensuring that the financial close is tracking as expected and help drive changes with respect to close improvements for efficiency and effectiveness.
Technical Accounting & Policies:
Quarterly, conduct a review and analysis of recent developments in accounting and financial pronouncements (SEC, FASB, PCAOB, etc.) and their likely impact for the company. Prepare a summary of recent developments and circulate to the Finance organization.
Annual Impairment assessment – prepare balance sheet by reporting unit and coordinate with external valuation specialists and FP&A on financial projections and assumptions for ASC 350 and ASC 360 impairment assessments, as applicable.
Responsible for the maintenance and communication of the Company’s Corporate Financial Policies, including periodical review and update of existing policies, as deemed necessary. Assist in the Company’s adoption of new accounting standards and draft new policies, as needed.
Familiarity with technical accounting guidance pertaining to all the financial statements areas/ disclosures and proven ability to research accounting guidance tools.
Advanced knowledge in technical areas including, but not limited to; Revenue Recognition (ASC 606), Lease Accounting (ASC 842), Pension Accounting (ASC 715), Share-Based Compensation (ASC 718), Intangibles & Goodwill (ASC 350).
Work with the Director to ensure the shared-based payment accounting is in accordance with U.S. GAAP. Coordinate with HR to obtain data required for share-based compensation accounting and stock reconciliations as well as external specialists for share price and option valuations.
Defined Benefit Pension and Savings Plan Financial Statements:
Responsible for preparation of financial statements and footnotes of the Company’s 401K Savings plan and Defined Benefit pension plans in Wdesk.
Coordinate with HR/ Benefits group and external auditors to ensure financials are completed timely.
In coordination with the Company’s actuaries and external auditors, work with the Director to ensure the pension accounting is in accordance with U.S. GAAP. Responsible for pension-related disclosures in the financial statements.
Prepare/ review annual pension assumption memo.
Coordination with External Auditors:
Conduct proactive, in-depth discussions about data required by the Auditors and manage the timely preparation / delivery / follow up of those data needs (PBC List).
Maintain a listing of non-GAAP policies or practices identified and obtain related support from local entities to aggregate materiality.
Liaise with Corporate Controller’s Organization, Internal Audit, Global Finance Community and other resources or external consultants:
Ensure all activities and tasks for internal control purposes assigned to the external reporting group are in full compliance with the internal control matrices and risk are adequately addressed and activities properly documented.
Coordination for local management representation certifications.
Prepare and provide deliverables due from the external reporting group as needed.
Systems
HFM for consolidation and reporting;
Wdesk/Workiva for preparation of quarterly and annual financial statements and footnotes, with proper linking and checks for discrepancies or inconsistencies within the document;
SAP and JDE as accounting entry source repositories and ERPs;
Hyperion
MR (management reporting) & Planning/ Essbase to review Forecast and/ or brand/segment data;
HFM for consolidated results review;
Blackline for balance sheet reconciliations; and
Auditboard for control ownership and overall control framework compliance.
Special Projects/ Ad-hoc Support / Analysis: Execute high-quality and timely analysis / support as required. Provide support as required to local markets/subsidiaries, Treasury, Executive Staff, External Consultants, Legal, Tax and other functional areas.
Knowledge & Skills Required:
Minimum 6 years of experience in variance accounting and finance roles, with a preference for experience in the consumer packaged goods (CPG) industry
Undergraduate Degree in Finance / Accounting
CPA Designation
Excellent knowledge of U.S. GAAP requirements
Proven self-starter with the ability to balance multiple tasks of competing priorities in a changing and dynamic environment.
Strong knowledge of SEC requirements and experience with end to end preparation of financial statements.
Excellent oral and written English communication skills.
Experience interacting well at senior management and executive levels with a proven ability to assess business risk and escalate to management with appropriate alternatives.
Strong interpersonal, verbal and written communication skills with an ability to facilitate or lead cross-finance teamwork.
Proven problem solving and root cause identification skills.
Strong analytic and decision-making abilities.
Able to work effectively at all levels in an organization.
#LI-AH1
The base pay range for this position in New York City is $130,000 - $145,000/year; however base pay offered may vary depending on skills, experience, job-related knowledge, and location. Certain positions may also be eligible for short and/or long-term incentives as part of total compensation.
Employees (and their families) are eligible for medical, dental, and vision benefits. Employees are covered by the company-paid basic life insurance policy. Other benefits offered to employees include but are not limited to the following: long-term disability, supplemental life insurances, flexible spending accounts, critical illness insurance, group legal, identity theft protection, etc. Employees are also able to enroll in our 401k Retirement Savings Plan.
Employees are also enrolled in our company-paid short-term disability insurance (the benefit commences upon hire and allows for a portion of base salary for up to 26 weeks if you are disabled).
Employees will also receive 3 weeks of vacation, pro-rated based on date of hire for the 1st year of employment and twelve paid holidays throughout the calendar year.
This role is eligible for an annual bonus based on company performance.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)