Financial Reporting Manager

Toshiba International Corporation; Houston (TX); On-site; USD 70,000 - 110,000; Full time

Job summary

An established industry player is seeking a skilled Accounting and Finance professional to oversee internal controls, audit management, and treasury activities. This role involves leading a team, ensuring compliance with financial regulations, and applying ASC 606 standards for revenue recognition. The successful candidate will thrive in a dynamic environment, leveraging their expertise to enhance financial processes and reporting. Join a company that prioritizes quality and reliability, and play a crucial role in maintaining its commitment to excellence in financial practices.

Qualifications

• 5+ years in accounting/finance with focus on internal controls and audit.
• Strong understanding of ASC 606 and financial reporting standards.

Responsibilities

• Develop and maintain internal control procedures for financial integrity.
• Manage audit processes and liaise with auditors for compliance.
• Lead ASC 606 revenue recognition and financial consolidation.

Skills

Internal Controls

Audit Management

Treasury Management

ASC 606 Revenue Recognition

Team Leadership

Communication Skills

Education

Bachelor's degree in Accounting

Bachelor's degree in Finance

Related field

Tools

DIVA ERP System

Job description

Toshiba Headquarters
13131 West Little York Road
Houston, TX 77041, USA

Description

Toshiba International Corporation is a world leader in the design and manufacture of motors, motor controls and power electronics products. Many of these products are designed, built and tested in our 1,000,000 square foot state-of-the-art manufacturing facility in Houston, TX. We have developed a totally integrated manufacturing process from research and development, design, engineering, production and manufacturing to after-market service and sales & marketing. Toshiba differentiates itself from its competitors through its commitment to quality and reliability. We build products to perform in the most difficult conditions. From raw material to the finished product, we assure exacting quality, engineering excellence and stringent testing to meet domestic and international performance standards.

Responsibilities:

1. Internal Controls:
   • Develop, implement, and maintain robust internal control procedures to ensure the integrity of financial information and compliance with company policies and regulations.
   • Work to understand JSOX (Japanese version of Sarbanes-Oxley) regulations and how they apply to our business.
   • Design and conduct regular internal control assessments, identifying areas for improvement and implementing corrective actions.
2. Audit Process Management:
   • Coordinate and manage the audit process, liaising with external & internal auditors to provide necessary documentation and ensuring a smooth and efficient audit cycle.
   • Review and analyze audit findings, implementing recommendations to enhance financial processes and controls.
3. Treasury Oversight:
   • Take charge of treasury activities, including cash management, and risk mitigation. Ensure optimal utilization of financial resources.
   • Supervise daily cash management activities, monitor banking relationships, and recommend strategies for improving cash flow.
4. ASC 606 Revenue Recognition:
   • Lead the application of ASC 606 standards for revenue recognition, ensuring accurate and timely reporting of revenue in compliance with accounting standards.
   • Collaborate with cross-functional teams to assess revenue recognition implications for new products or contracts.
   • Oversee the monthly Toshiba international financial consolidation process using Toshiba’s DIVA system, ensuring accurate and timely reporting of consolidated financial results.
   • Manage the year-end consolidation and financial reporting of information to our American parent company, ensuring adherence to reporting deadlines.
5. Supervision:
   • Supervise a team of four employees within the Accounting and Finance department, providing guidance, coaching, and performance feedback.

Qualifications:

1. Bachelor's degree in Accounting, Finance, or related field.
2. Minimum of 5 years of experience in accounting and finance roles, with a focus on internal controls, audit management, treasury, ASC 606 revenue recognition, and international financial reporting.
3. Strong knowledge of accounting principles and standards.
4. Experience with DIVA or similar robust ERP financial consolidation software.
5. Excellent communication and interpersonal skills.
6. Proven ability to lead and mentor a team.