Finance Supervisor is responsible for the supervision of finance professionals. Oversees the collection and analysis of financial information for an organization. Being a Finance Supervisor monitors the creation of monthly, quarterly, and annual reports and ensures financial information has been recorded accurately. May require a bachelor's degree. Additionally, Finance Supervisor typically reports to a manager or head of a unit/department. The Finance Supervisor supervises a group of primarily para-professional level staffs. May also be a level above a supervisor within high volume administrative/ production environments. Makes day-to-day decisions within or for a group/small department. Has some authority for personnel actions. To be a Finance Supervisor typically requires 3-5 years experience in the related area as an individual contributor. Thorough knowledge of functional area and department processes. (Copyright 2024 Salary.com)
Finance
Finance Supervisor
Abbott Park Illinois
Exp 5-7 years
Degree Bachelors
Relo
Occasional Travel
Job Description
Summary:
This position interfaces with International Affiliates with respect to the reporting of monthly, quarterly, and annual financial information. This position requires excellent written and verbal communication skills to communicate with affiliates and all levels of management. Position takes a lead role in managing department’s activities related to on-going projects and working with core project team members.
Major Responsibilities:
Reviews and processes monthly and year-end financial statements from international affiliates.
Provides technical accounting expertise and guidance to international affiliates regarding US GAAP reporting.
Reconciles Currency Translation Adjustment account for assigned affiliates.
Acts as liaison between international affiliates and Corporate. Interfaces with all operating divisions and Corporate support divisions such as International Tax and Global Treasury.
Coordinates journal entries with international affiliates related to mergers, acquisitions and liquidations.
Processes journal entries as needed for local currency adjustments and US Dollar override adjustments.
Analyzes equity accounts for assigned affiliates.
Reviews local entity financial statements and processes approvals from International Treasury, Corporate Tax and Corporate Legal departments.
Problem solving and ad-hoc reporting as needed.
Participates in special projects such as spin-offs, acquisitions, mergers/liquidations, close acceleration, etc.