Consolidation Manager - Financial Reporting - Managed Services

KPMG Lower Gulf Limited

Job Description

Key Responsibilities:

• Consolidation Process Management:
• Lead the end-to-end consolidation process for the group, including subsidiaries, joint ventures, and associates.
• Ensure timely and accurate preparation of consolidated financial statements in compliance with IFRS.
• Review and validate consolidation adjustments, including eliminations of intercompany transactions and balances.
• IFRS Compliance & Financial Reporting:
• Stay up-to-date with IFRS changes and assess their impact on group reporting.
• Ensure that all financial reports comply with IFRS requirements, and coordinate with auditors to address and resolve any reporting issues.
• Prepare and review monthly, quarterly, and annual consolidated financial statements, ensuring accuracy and completeness.
• Variance Analysis & Financial Insights:
• Conduct variance analysis on consolidated financial statements, identifying key drivers and providing insights for management.
• Collaborate with FP&A to align financial reporting with budgets, forecasts, and strategic objectives.
• Stakeholder Engagement:
• Work closely with country-level finance teams to ensure consistent reporting standards across all entities.
• Serve as the point of contact for external auditors regarding consolidation-related matters.
• Present financial data and insights to senior management, addressing queries and supporting strategic decision-making.
• Team Leadership & Development:
• Manage, coach, and mentor a team of consolidation specialists to ensure high performance.
• Foster a culture of continuous improvement and upskill team members on IFRS standards and consolidation best practices.
• Systems & Process Improvement:
• Identify opportunities to enhance the consolidation process through automation, tools, and best practices.
• Collaborate with IT and finance systems teams to optimize the use of consolidation software (such as SAP BPC, Hyperion, Oracle FCCS).
  
  

• Education: Chartered Accountant (CA) or equivalent qualification (CPA, ACCA, or CMA).
• Experience: Minimum of 10-12 years of experience in financial consolidation, with a strong background in IFRS-compliant group reporting.
• Technical Expertise:
• In-depth knowledge of IFRS standards, especially those relating to consolidation (e.g., IFRS 10, IFRS 3, and IFRS 12).
• Experience with consolidation software and ERP systems is highly preferred (e.g., SAP BPC, Hyperion, Oracle FCCS).
• Analytical Skills: Excellent analytical skills with the ability to interpret complex financial data and provide actionable insights.
• Leadership Skills: Proven ability to lead and mentor a team, fostering a collaborative and high-performance work environment.
• Communication Skills: Strong communication and presentation skills, with the ability to convey financial insights to senior management and external stakeholders.
• Problem-Solving: Ability to identify issues in consolidation processes and implement effective solutions.