Manager, Accounting Consolidations

Komatsu; Chicago (IL); On-site; USD 70,000 - 130,000; Full time

Job summary

An established industry player is seeking a dynamic Manager of Accounting Consolidations to lead financial reporting and consolidation processes. This pivotal role involves overseeing the global financial close, managing SAP systems, and ensuring compliance with US GAAP. You will guide a team of accountants, implement financial tools, and drive process improvements. If you thrive in a fast-paced environment and are passionate about enhancing financial operations, this is your chance to make a significant impact in a company committed to innovation and excellence.

Qualifications

• 5+ years of experience in financial reporting and management.
• Strong knowledge of GAAP and financial controls.
• Experience with consolidation processes and SAP systems.

Responsibilities

• Oversee global financial close and consolidation process.
• Manage SAP/BPC systems and ensure compliance with GAAP.
• Lead a team of accountants and foster continuous improvement.

Skills

Financial Reporting

SAP/BPC Systems

Foreign Currency Translation

Analytical Skills

Process Improvement

Leadership

GAAP Knowledge

Effective Communication

Education

Bachelor’s Degree in Accounting or Finance

CPA Certification

Tools

OneStream

Excel

SAP

Job description

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Komatsu is an indispensable partner to the construction, mining, forestry, forklift, and industrial machinery markets, maximizing value for customers through innovative solutions. With a diverse line of products supported by our advanced IoT technologies, regional distribution channels, and a global service network, we tap into the power of data and technology to enhance safety and productivity while optimizing performance. Komatsu supports a myriad of markets, including housing, infrastructure, water, pipeline, minerals, automobile, aerospace, electronics and medical, through its many brands and subsidiaries, including TimberPro, Joy, P&H, Montabert, Modular Mining Systems, Hensley Industries, NTC, and Gigaphoton.

Job Overview

This role is responsible for overseeing the global financial close and consolidation process for KAC and KMC, ensuring accurate and timely financial reporting in line with US GAAP and company policies. Key duties include managing SAP/BPC systems, foreign currency translation, intercompany transactions, financial analysis, and maintaining internal controls. The role supports the implementation and maintenance of financial tools like OneStream, handles SAP master data changes, and provides guidance to subsidiaries on reporting standards.

The Manager will lead a team of three accountants, fostering continuous improvement and staff development, while also serving as a key liaison for corporate reporting requests.

Key Job Responsibilities

• Responsible for the monthly execution of the global close process and financial statement consolidation for KAC and KMC.
• Manages the corporate consolidations financial process including utilizing and managing SAP/ BPC, global intercompany process, foreign currency translation and revaluation process, preparing prompt consolidated financial statements in accordance with company policies and US GAAP, and providing flux analysis and reporting.
• Analyze and ensure accuracy of subsidiary financial result reporting packages including operational results, balance sheet fluctuations, cash flows, and supporting schedules and footnotes through standardizing reporting instructions for all subsidiaries, providing training based on areas of concern, developing an error tracker, etc.
• Build out a comprehensive set of financial reporting tools and support the implementation and on-going maintenance of the OneStream software.
• Responsible for management of SAP master data changes including chart of accounts, consolidations mapping, department/cost center structures as well as profit center and functional area groups/hierarchies.
• Ensure audit and internal control compliance standards are maintained.
• Recommend and implement process enhancements and efficiencies around general accounting practices and procedures.
• Serve as a main point of contact for KLTD reporting requests and questions.
• Review and approve various additional key accounting tasks including monthly journal entries, accruals, balance sheet reconciliations, analysis, etc.
• Engage the team to embrace continuous improvement.
• Provide constructive feedback in the review process, proactively challenging the staff, as well as coaching and mentoring to help staff succeed.
  
  

Qualifications/Requirements

• Bachelor’s degree in accounting or finance required.
• CPA or public accounting experience is desired.
• Minimum five years of experience including financial reporting, management and leadership experience.
• Experience with the consolidation process, including elimination entries, consolidating international entities with foreign currencies, preparing journal entries and maintaining general ledger is helpful.
• Knowledge of financial controls, practices and approaches and GAAP and SOX requirements.
• Strong analytical skills with good attention to detail.
• Good working knowledge of Consolidation systems - Business Planning & Consolidation Programs (BPC), OneStream, HFM, etc. is a plus.
• Good working skills with Microsoft applications and excellent working knowledge of Excel and Excel applications.
• Effective communication and interpersonal skills.
• Strong supervisory skills and proven experience leading accounting teams.
• Effective time and project management, prioritization and multi-tasking abilities.
• Process improvement skills with continuous improvement mindset.
• Ability to work effectively in a team as well as independently, as needed.
• Must be willing to work extended hours to meet critical deadlines.
  
  

Additional Information

Komatsu is an Equal Opportunity Workplace and an Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Accounting/Auditing and Finance

• Industries

  Machinery Manufacturing

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