Job Description
CORE RESPONSIBILITIES AND TASKS
The primary responsibilities of the Global Accounting & Intercompany department are to obtain an understanding of current company-wide accounting/finance policies, ownership, and maintenance of accounting guidance, thresh holds and cutoff while driving standardization and synergies. The job responsibilities associated with the core tasks are outlined below:
On a monthly basis compile intercompany and elimination reporting for internal audit and R&C management. Additionally, perform a detailed review of global FX gain/loss transactions & AOCI to identify revaluation issues/other discrepancies and ensure accounting is appropriate.
Oversee transactions & processes impacted by intercompany processes including the Virtual Trader intercompany matching system. This includes leading meetings and coordination with accounts receivable, accounts payable, IT, etc. Additionally, work with Global Accounting & Intercompany, COE team to monitor & correct intercompany out of balances.
Work with Global Accounting & Intercompany, COE management & various IT & AR teams to enable an AR subledger for intercompany transactions.
Review intercompany account reconciliations prepared by the Global Accounting & Intercompany, COE analysts. Additionally, perform ad Hoc reviews/assist global teams with account reconciliations to ensure ending balances are appropriate and reconciling items are resolved or written-off in a timely manner.
Review and assist Global Accounting & Intercompany, COE team with detailed process documentation (narratives, flowcharts, etc.) for intercompany processes and transactions. This includes documenting the procedures as well as assumptions/standardization efforts so that intercompany transactions are accounted for consistently across the global finance organization. Additionally, collaborate with other members of the Global Accounting & Intercompany team to understand and document standardized global accounting processes and procedures (intercompany, equity and investment activity, foreign transactions, etc.).
Special Projects - Participate in Finance & Business Transformation initiatives as needed.
POSITION REQUIREMENTS
FORMAL EDUCATION:
Required:
Bachelor degree with Major in Accounting or Finance
General Accounting - Ability to apply understanding of general accounting (US GAAP/IFRS, SOX and COSO) to assess key processes and identify risks.
KNOWLEDGE & EXPERIENCE:
Required:
Minimum of 5 years of accounting, finance, or auditing experience
Strategic Influence - Demonstrated ability to effectively engage stakeholders to influence others, behaviors, and decisions to achieve desired outcomes through communication, negotiation, leadership, adaptation, and collaboration with varying types of stakeholders.
Accounting and Reporting - Ability to apply knowledge of rules and regulation critical for maintaining financial records, preparing financial statements, and complying with legal and regulatory requirements, including an understanding of the rules and regulations governing financial accounting in accordance with US GAAP.
Accounting Strategy and Governance- Ability to develop policies, procedures, and processes to manage accounting activities. This includes outlining the goals, objectives, and priorities of the accounting function, as well as the governance frameworks that support the design, development, and delivery of financial results. Accounting strategies should align with the organization's broader business strategy and be driven by data and analytics. Effective governance of accounting activities involves the development of internal controls, processes, and oversight mechanisms that ensure data quality, accuracy, and consistency.
Business Analysis- Analyzing and researching business processes and systems to identify needs or challenges, aligned with business expectations. Based on this analysis, developing and recommending data-driven solutions to maximize value and optimize processes. This includes capturing, validating, and documenting requirements that align with business objectives and leveraging industry best practices to design and recommend solutions that meet the needs of the business.
General Accounting Expertise & Compliance- Subject matter expertise in US GAAP accounting principles such as revenue recognition, accrual accounting, and inventory valuation. Proactively identifying and researching any changes in regulations or compliance requirements and updating policies and processes as relevant. Providing expertise and leadership to other Accounting functions across the Finance organization, acting as the primary point of contact for accounting policies, strategies, and regulatory compliance. Leveraging data analytics and industry best practices to ensure the efficiency and effectiveness of accounting operations.
Preferred:
Certified Public Accountant (or reasonable equivalent) or CPA eligible
Previous experience leading a team.
TECHNICAL/SKILL REQUIREMENTS:
Required:
Detail-oriented
Demonstrates advanced proficiency in Microsoft Excel
Financial Systems & Digital Literacy - Stays well-informed on new or continually transforming Financial and cross-functional systems/platforms
Preferred:
Experience with Oracle and global consolidation systems
Experience with Oracle General Ledger
Experience with OneStream tool.
Sherwin-Williams is proud to be an Affirmative Action, Equal Employment Opportunity, Inclusion and Diversity Supportive Employer. All qualified candidates will receive consideration for employment and will not be discriminated against based on race, color, religion, sex, sexual orientation, gender identify, national origin, protected veteran status, disability, age, pregnancy, genetic information, creed, marital status or any other consideration prohibited by law or by contract.
VEVRAA Federal Contractor requesting priority referral of protected veterans.
