What are the responsibilities and job description for the Assistant Controller position at Garrett - Advancing Motion?
Job Description
Garrett Advancing Motion is the true pioneer of automotive powertrain technologies dating back more than 60 years. It continues today as the world’s leader in technology solutions for passenger cars, commercial vehicles, and off-highway equipment. Garrett supplies technology to nearly all major automakers in addition to the global aftermarket under the Garrett brand name. As a result, unlike many other OEM or supplier organizations, Garrett Advancing Motion has visibility across a broad range of OEM’s and Tier 1 suppliers.
As the Assistant Controller, this position will be responsible for the preparation and filing of all external financial reporting and related SEC filings and US GAAP technical accounting guidance for the Company. This person will also be responsible for overseeing the global financial consolidation and reporting, and driving improvements associated with the preparation and review of the consolidated financial statements for closings.
Responsibilities Include
Garrett Advancing Motion is the true pioneer of automotive powertrain technologies dating back more than 60 years. It continues today as the world’s leader in technology solutions for passenger cars, commercial vehicles, and off-highway equipment. Garrett supplies technology to nearly all major automakers in addition to the global aftermarket under the Garrett brand name. As a result, unlike many other OEM or supplier organizations, Garrett Advancing Motion has visibility across a broad range of OEM’s and Tier 1 suppliers.
As the Assistant Controller, this position will be responsible for the preparation and filing of all external financial reporting and related SEC filings and US GAAP technical accounting guidance for the Company. This person will also be responsible for overseeing the global financial consolidation and reporting, and driving improvements associated with the preparation and review of the consolidated financial statements for closings.
Responsibilities Include
- Lead the production and review of quarterly reports (10-Q), annual reports (10-K) and other external financial reporting disclosures.
- Oversee the financial consolidation processes for actuals, budget and forecasts, and the reporting of actual results covering the P&L, Balance Sheet, and Cash Flow.
- Monitor technical accounting, regulatory and financial reporting developments to ensure compliance with current and developing standards and regulations.
- Lead the global implementation of new accounting and reporting standards and regulations.
- Oversee the development, review, implementation, and maintenance of accounting policies.
- Responsible for technical accounting research and documentation including whitepapers as required.
- Advise senior management and business functions on unusual or difficult technical accounting issues.
- Coordinate and interface with external auditors on quarterly reviews and integrated audits.
- Lead the annual balance sheet reviews across regions and entities.
- Identify and implement continuous improvement opportunities for automation and process efficiencies around monthly/quarterly financial consolidation and management reporting.
- Coordinate and collaborate with human resource and legal functions on equity-based transactions and ensure the integrity of the data maintained in the equity tracking tool.
- Drive the Company’s defined benefit pension accounting in collaboration with human resources and external actuaries.
- Support executive management with Audit Committee engagement and other ad hoc projects as needed.
- Ensure that processes and policies are consistent and compliant with US GAAP and internal controls (SOX).
- Review and assist with the disclosures for separate subsidiary year-end financial statements as necessary.
- CPA or similar professional qualification with Big 4 audit experience
- Prior experience with SEC reporting and working in a multinational company with multinational stakeholders
- Comprehensive understanding of US GAAP and financial reporting principles with strong accounting research skills
- Strong knowledge of consolidation principles and internal controls (SOX)
- Ability to act as an advisor to the business on professional and technical issues
- Excellent analytical, organizational and project management skills
- Strong work ethic and high attention to detail with a passion to win and positively influence a company culture
- Ability to adapt quickly to a fast-paced and dynamic work environment
- Ability to collaborate cross-functionally and influence decision making across different levels of management and staff
- Experience in managing remote teams across different time zones
- Experience with ERP and finance systems, particularly SAP and HFM, preferred
- Prior experience driving transformation within finance preferred