Interim Head of Group Reporting
For an international company with a focus on automotive technology with operations in the Nordics and Germany, we are looking for an experienced "Head of Group Reporting" based in Stockholm. The company has a turnover of approximately SEK 5,2 billion and is looking for new growth markets and acquisitions in the near term. The position reports to the Group CFO.
The Head of Group Reporting would be responsible for:
- IFRS adjustments of local GAAPs and consolidation to Group financial statements.
- Compliance with group regulatory and exchange reporting requirements.
- Establishing and developing a consistent reporting policy across group companies and over time, as applicable to local requirements.
- Consolidating accounting process description to an accounting manual/policy for the group (for example stock take for inventory and inventory adjustment, valuation of used stock, provisions for bad debt, IFRS-16).
- A documented, clear, consistent and systemic process for accruals, reserves, provisions and impairments.
- Improved granularity (detail and split) on costs and income, assets and liabilities and cash flows. Appropriate detail in the published accounts as business evolves.
- A clearly documented and systemic mapping, translation and classification/grouping process from transaction > local GAAP > MA > IFRS for all financial statements (income statement, balance sheet, cash flow statements).
- Efficient and consistent reporting process and system (incl choice, in agreement with other business heads, and application of accounting and management information system across the group).
- Manage systems, partners (e.g., outsourced accounting function in Stockholm), teams, processes, communication, and monitoring and control in Group consolidation.
- Constant work to improve automation, efficiency, transparency, consistency and integrity of reporting function. Minimize manual involvement and discretionary judgement and adjustments. Make sure an audit trail is always available, logical and easy to follow to the original transaction documents.
- Manage mandatory and optional disclosures.
- To own final closing numbers and disclosures (working with all suppliers of data, from local accounts to commercial departments to business management for highest efficiency and integrity) in the public reports.
- Lead audit work and arguments. Collect audit evidence from business departments or setting of process to collect such data and detail. Close and constructive day-to-day dialog with auditors in preparation, execution and follow-up of reporting.
- Close dialog and cooperation with internal audit on compliance and internal controls in the reporting process.
- Preparation of materials for and occasional participation in audit committee meetings.
- Manage the entire formal reporting process (quarterly and annual reports, but not MAs)—that is, required reporting and all related support, but not “marketing reporting” for the business—and any derivatives thereof (e.g., presentations).
- Close cooperation with FP&A to minimize differences and synchronize any changes between statutory, management and IFRS accounts and to employ forecasts and budgets to sense-check and test accounts (for example goodwill, asset values and margins).
- Identify and acquire resources (people and systems) necessary to improve integrity and efficiency in the reporting process.
Potential Additional Areas of Work
- Transfer pricing reporting, treasury policy, and implementation.
- ESRD and CSRD reporting (and notably the double materiality analysis and the EU taxonomy).
- Participation in the implementation of the ERP system across the Group (finance and IFRS components).
Who you are
- At least 8 years of work experience, including 4 years of international IFRS reporting.
- More than 4 years of work experience at a Big Four firm.
- More than 4 years of corporate experience and holder of a recognized international accounting certification (e.g., ACCA).
- Experience with a publicly traded company and international work experience are pluses.
- Fluency in English is required. Proficiency in German is a plus.
- Curious about business (understanding what the accounting reflects and how business and accounting should change), hands-on, lead-by-example approach.
- Professional and diplomatic demeanor, a constructive and collaborative approach, and a driven yet practical attitude—someone who can get things done on their own.
- Speak up and disagree with management and auditors.
- Reported IFRS results.
- Excellent communication skills; establish a network for sharing information with key stakeholders and those whose input is helpful during the closing process.
- Forensic/detective (passion for digging deep and getting to the truth), not taking things at face value.
- Architect and developer of systems and standard processes—a hands-on professional and process leader.
- A believer in systems, automation, records, and traceability, with a basic understanding of U.S. GAAP and the ability to research it in order to work with the local GAAP team to convert to IFRS.
- Drive the ongoing development of the reporting function in terms of integrity, transparency, consistency, and automation.
- A proactive, positive, and energetic change agent seeking continuous improvement in the reporting function.
- Experienced professional with strong communication and teamwork skills.
- You should be prepared to travel (to Germany and Kazakhstan, as well as to other markets, such as possibly the U.S.) at least once a quarter and work irregular hours during closing periods.
About the process:
The position is full-time, with a start date as soon as possible, and is expected to last approximately 6–8 months. We present candidates on an ongoing basis, and interviews with the client company take place shortly thereafter.
Do you have the right profile and are you available? Apply today!
Responsible recruitment consultant is Michael Schilling who collaborates with researchers Albin Humling.
(Job ID: 3688)