Group Accounting Lead

Camfil AB; Stockholms kommun; On-site; SEK 900,000 - 1,150,000; Full time

Job summary

Camfil in Stockholm, Sweden seeks an experienced Group Accounting Lead to own the Group's monthly consolidation, closing, and annual report preparation. You will develop Group Accounting and Internal Control processes while collaborating with finance teams across the organization.

The role reports to the VP Group Finance and Business Control and has no direct people management. The function includes coordinating with auditors, maintaining the AARO system, and driving improvements in reporting

Qualifications

• University degree in Business Administration and Economics, preferably auditing/accounting specialization.
• 5+ years in Group Accounting with independent consolidation responsibility.
• Experience with IFRS/US GAAP and tax-related consolidation matters.
• Experience in a large international group and production accounting is a plus.
• Strong Excel skills and fluent Swedish and English.

Responsibilities

• Independently manage monthly Group consolidation and closing per IFRS.
• Oversee intercompany reconciliation and quarterly balances.
• Oversee lease accounting and monthly updates of contracts.
• Ensure high-quality financial reporting and compliance at Group and legal entity level.
• Take independent responsibility for annual report preparation and coordinate with auditors.
• Develop and maintain the Group's reporting and consolidation system (AARO).
• Provide subsidiary support and lead process improvements in Group Accounting.

Skills

Group Accounting

IFRS/US GAAP

AARO

Excel

Swedish language

English language

Education

University degree in Business Administration and Economics

Master's degree would be a plus

Tools

Workday Adaptive Planning

AARO

Job description

Are you an experienced Group Accounting professional who enjoys taking ownership, ensuring high-quality financial reporting, and improving accounting processes? We are looking for a Group Accounting Lead to join our Group Finance team in Stockholm.
In this role, you will have independent responsibility for the Group’s monthly consolidation and closing process, financial reporting, and annual report preparation. You will also contribute to the development of Group Accounting and Internal Control processes, working closely with finance teams across our international organization.

You will report to the VP Group Finance and Business Control and join a team of highly competent colleagues who value collaboration and maintain a positive and supportive working atmosphere. The Group Finance function in Stockholm consists of 13 employees, with approximately 50 people based at the Stockholm office. The role has no direct people management responsibility.

Key responsibilities:

As Group Accounting Lead, you will be responsible for ensuring accurate, reliable and compliant financial reporting across the Group.
Your main responsibilities will include:

• Group consolidation and closing: Independently manage the monthly Group consolidation and closing process in accordance with IFRS.
• Intercompany reconciliation: Oversee and ensure that intercompany balances are properly reconciled on a quarterly basis.
• Lease accounting: Oversee and ensure that lease contracts are continuously updated on a monthly basis.
• Financial reporting and compliance: Ensure high-quality financial reporting and compliance with applicable accounting principles at both Group and legal entity level.
• Annual report: Take independent responsibility for the annual report process and preparation, coordinating with other departments and working closely with the Group’s auditors.
• Reporting systems: Develop and maintain the Group’s reporting and consolidation system, AARO.
• Subsidiary support: Maintain regular contact with finance managers in the subsidiaries and provide support on accounting and reporting matters.
• Process development: Lead projects and develop processes within Group Accounting and Internal Control.

Are you an experienced Group Accounting professional who enjoys taking ownership, ensuring high-quality financial reporting, and improving accounting processes? We are looking for a Group Accounting Lead to join our Group Finance team in Stockholm.
In this role, you will have independent responsibility for the Group’s monthly consolidation and closing process, financial reporting, and annual report preparation. You will also contribute to the development of Group Accounting and Internal Control processes, working closely with finance teams across our international organization.

You will report to the VP Group Finance and Business Control and join a team of highly competent colleagues who value collaboration and maintain a positive and supportive working atmosphere. The Group Finance function in Stockholm consists of 13 employees, with approximately 50 people based at the Stockholm office. The role has no direct people management responsibility.

Key responsibilities:

As Group Accounting Lead, you will be responsible for ensuring accurate, reliable and compliant financial reporting across the Group.
Your main responsibilities will include:

• Group consolidation and closing: Independently manage the monthly Group consolidation and closing process in accordance with IFRS.
• Intercompany reconciliation: Oversee and ensure that intercompany balances are properly reconciled on a quarterly basis.
• Lease accounting: Oversee and ensure that lease contracts are continuously updated on a monthly basis.
• Financial reporting and compliance: Ensure high-quality financial reporting and compliance with applicable accounting principles at both Group and legal entity level.
• Annual report: Take independent responsibility for the annual report process and preparation, coordinating with other departments and working closely with the Group’s auditors.
• Reporting systems: Develop and maintain the Group’s reporting and consolidation system, AARO.
• Subsidiary support: Maintain regular contact with finance managers in the subsidiaries and provide support on accounting and reporting matters.
• Process development: Lead projects and develop processes within Group Accounting and Internal Control.

In addition to your main responsibilities, you will:

• Coordinate AARO upgrades, normally performed annually, and quality-assure the results.
• Assist with corporate legal formalities, including the legalization of annual reports, parent company guarantees, and similar matters.
• Coordinate and manage the Internal Control Questionnaire (ICQ) process, including the development of the supporting tool. The ICQ is a self-assessment completed by the reporting entities.
• Ensure that the necessary information is obtained for the correct consolidation and elimination of acquisitions, including purchase price allocation (PPA) and historical equity.
• Independently drive improvements and efficiency initiatives within your own area of responsibility and related areas.

What we are looking for

We are looking for someone with a strong technical accounting background, relevant experience in Group Accounting, and the ability to work independently in an international environment.

Qualifications and experience:

• University degree in Business Administration and Economics, preferably specializing in auditing and accounting, or an equivalent educational background. A Master´s degree would be a plus.
• 5+ years of relevant experience in Group Accounting, including independent responsibility for Group consolidation and accounting activities. Experience in auditing, Internal Control shareholder-related matters and acquisitions would be a plus.
• Experience with IFRS/US GAAP and tax-related consolidation matters.
• Experience working in a large international group, preferably in an industrial or manufacturing company, including production accounting.
• Experience working in an integrated systems environment linking accounting and reporting is preferred.
• Strong Excel skills and confidence working with spreadsheets and financial data.
• Fluent in written and spoken Swedish and English.
• Experience with AARO and Workday Adaptive Planning is highly advantageous.
• Structured, detail-oriented, analytical, with a genuine interest in accounting and Group Accounting.
• You take ownership of your responsibilities, are reliable, and consistently deliver work to a high standard. You are comfortable working independently and managing your responsibilities, while also being social and communicative and contributing positively to the wider team.
• A proactive mindset, a positive attitude, and an interest in developing processes and improving efficiency will help you thrive in the role.

Team and working environment

You will be part of the Group Finance team in Stockholm, reporting to the VP Group Finance and Business Control. Your key stakeholders will include colleagues within Group Finance, the CFO, the Group’s auditors, and, in particular, the finance teams responsible for reporting in each country. The Group uses AARO as its financial and reporting system.

Location:

Stockholm, Sweden.

Working arrangement:

The position follows an Office First policy, with work performed from the office.

If you have the experience and motivation to take independent responsibility for Group Accounting and contribute to the continued development of the Group’s reporting and internal control processes, we look forward to hearing from you.

About Camfil

Camfil is a leading company in the industrial sector with a global presence. The company group consists of 41 companies in 30+ countries with 30 factories worldwide. Headquartered in Stockholm, Sweden, worldwide Camfil has 6000 employees. We prioritize a decentralized steering model with a trend towards a more structured and integrated model to manage our growth effectively.

Camfil Group, has a foundation of high entrepreneurial culture with a down-to-earth leadership style. Our organization values experience, effectiveness, common sense, and mutual respect. We prioritize inclusivity, diversity and a supportive work environment where humor and interpersonal support make challenging tasks easier.