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What is a Manager Group Accounting?
Group Accounting Managers lead a team of employees and are responsible for consolidating the accounts of the (partial) companies of a group, ie the group subsidiaries, other companies and foreign companies. Managers Group Accounting report directly to the CFO and/or the Board of Directors.
The more complex the group structure, the more important uniform reporting structures are
Companies with several companies and “subsidiaries” need supervision and control so that the preparation and processing of financial statements and the regular reporting of figures and data – individually as well as consolidated – deliver results that are comparable with each other and within the group and are therefore meaningful. Group Accounting Managers ensure this clarity and transparency: They are committed to adhering to the Group’s internal accounting standards and the Group’s compliance rules, as well as their enforcement, and are the contact persons for the subsidiaries and foreign companies. With your in-depth knowledge of national and international accounting regulations – HGB and IFRS – and your experience in all areas of bookkeeping, accounting and accounting, you are a “natural choice”, when the CFO and board of directors need accurate financial data and information. This applies both to the monthly, quarterly and annual financial statements to be drawn up as planned, as well as to special evaluations for which common standards may first have to be defined by the Manager Group Accounting.
Today’s results as a basis for tomorrow’s planning
Manager Group Accounting are increasingly supported by Business Intelligence when consolidating group data. The goal is tailor-made reporting from which conclusions and recommendations can be derived promptly. Managers Group Accounting need to keep these developments in mind. In addition, one of their tasks is to adapt processes and tools to the increasing demands of internal and external positions. Group accounting managers are increasingly becoming “business drivers” because they are also expected to make well-founded, future-oriented recommendations.
Achieve consolidation without obscuring individual results
Consolidation is not only a question of international accounting standards, but also – of communication. Group accounting managers usually also have contact persons in foreign companies whose mentalities and possibly “more flexible interpretation” must be taken into account in the application in such a way that national differences end up in productive discussions. With the increasing automation of procedures and processes, soft skills are becoming increasingly important here.
The most important things in 5 seconds
- Education: Economic studies with a focus on finance and accounting or comparable commercial training and qualifying further training, e.g. to become an accountant; several years of relevant work experience
- Starting salary: €85,000
- Top salary: €135,000
- Opportunities for advancement: CFO / CEO subsidiary
Tasks
What does a Manager Group Accounting do?
Group Accounting Managers are responsible for the correct preparation of regular and unscheduled financial statements for the individual companies in a group, for their consolidation and for their comments.
You are the contact person for the financial managers of the group subsidiaries, who advise you, and support you in the preparation and creation of the individual financial statements according to HGB and IFRS, if necessary also according to US GAAP.
They usually report to the CFO and/or management, are supported by other employees and are the contact persons for internal departments and external bodies.
Education
How to become a Manager Group Accounting?
- Studied economics with a focus on finance/controlling/accounting or commercial training and qualifying further training, e.g. to become an accountant
- Several years of experience in the preparation of individual and consolidated financial statements, collected in a group or a consulting firm
Salary
What does a Manager Group Accounting earn?
from 85.000€
up to €135,000
The salaries depend on the size, structure and orientation (national, international) as well as on the branch and headquarters of the Group as well as on the size of the task and area of responsibility.
Requirements
What do you expect from the Manager Group Accounting?
- Numerical affinity and analytical skills
- Very good knowledge of IFRS and HBG, possibly also US GAAP
- Very good knowledge of consolidation software and MS Office (especially Excel)
- Communication and presentation talent
- Fluent English, other languages and stays abroad an advantage
- Soft skills for dealing with professional employees and contacts internally, nationally and internationally
Career
Opportunities for advancement as Manager Group Accounting
Through their work, Manager Group Accounting gain deep insights into the finances of a group and gain experience at all levels in the preparation and preparation of financial statements and their consolidation.
As finance experts for the group, they have frequent and direct access to the CFO and management. A rise to CFO or CEO of a subsidiary is not unlikely.
Berkeley County Schools – Employment
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Doddridge County Schools – Employment
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Putnam County Schools – Employment
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West Virginia Education Jobs Vacancies – Employment
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Website: http://wvde.state.wv.us/jobs/
