Legal Entity Reduction Accounting Manager

Legal Entity Reduction Accounting Manager

01 Sep 2022
Florida, Palmbeachgardens, 33410 Palmbeachgardens USA

Legal Entity Reduction Accounting Manager

Date Posted:2022-08-26-07:00Country:United States of AmericaLocation:CAF77: CCS - CIB 13995 Pasteur Blvd , Palm Beach Gardens, FL, 33418 USAJob DescriptionCarrier is a leading global provider of innovative HVAC, refrigeration, fire, security, and building automation technologies leading to safer, smarter, sustainable, and high-performance buildings. Carrier’s businesses enable modern life by delivering efficiency, safety, security, comfort, productivity, and sustainability across a wide range of residential, commercial, and industrial applications.Carrier has the desire to merge and otherwise eliminate approximately 150 wholly-owned subsidiaries that it owns around the world. This will be achieved by a combination of mergers, business sales, liquidations, and strike-offs. The work involves understanding how the transactions will be performed and ensure that the entries in the general ledger are reflective of these transactions and end with an entity that has a cleared balance sheet in both the local currency and USD.This is an excellent opportunity to assist in the planning, implementation, and execution of the elimination of Legal Entities no longer required in the Carrier Global Corporation structure. The individual will manage the process of preparing or approving the Accounting Workplans required to record the entries in HFM (Hyperion Enterprise Management) and later monitor and manage the implementation of those plans when they are affected. In addition, the individual will develop and maintain relationships with stakeholders across the globe and be part of the small Legal Entity Reduction team, which covers Finance, Legal, Tax, and Treasury.With the global experience gained, this role could lead to opportunities for promotion to more senior roles in the Controllers Department in Florida or other parts of the USA, or even elsewhere in the world.Primary responsibilities include:Reviewing the transaction being proposed, by means of a finance working group (“FWG”) authorization and Due Diligence memo

Either creating and/or reviewing the HFM journal entries that have to be laid out in the Accounting Workplan

Ensuring that the “T-accounts” clear to zero. This is a basic check that the entries end with a zero balance in the company being eliminated

Ensuring that the entries in the other entities, affected by the change, have been included in the Accounting Workplan

Assessing and entering the “Dollar-locking” entries, which ensure that a zero balance exists in both the local currency and in USD at the end of an elimination

Finding and eliminating the “Investment Clearing” balances, which remove the investment value on consolidation

Where the “Investment Clearing” balances are not clear, due to past practices, identifying what is there and deciding what to do with the remaining balance

Analyzing any remaining CTA balance and ensuring entries are included that transfer or write off this balance

Making changes to the Accounting Workplan to reflect all of the above factors

Approving the Accounting Workplan, once all the entries have been prepared

Communicating that approval to the Legal Entity Reduction Manager and the originator of the Accounting Workplan, where there is one

Ensure all accounting aspects are complete (approvals, reconciliations, SOX controls, etc.)

Education / Certifications:Undergraduate degree in Accounting or other financial disciplinesCertified Public Accountant or equivalent, and/or other financial certification preferredExperience / Qualifications:7+ years of finance experience with a multinational company

Experience with using Microsoft Teams

Good understanding of the basic technical principles of consolidations, preferably having spent some time working in this area

Ability to identify and prioritize key opportunities and risks related to eliminating Legal Entities

Experience in using HFM would be an advantage

Strong oral and written English language skills required

Enabling Competencies:Must uphold and perform this function consistent with Carrier’s core values illustrated in its Code of Ethics and The Carrier Way and comply with all other corporate and internal policies

A desire to learn and develop in the role

Strong interpersonal skills, including the ability and desire to communicate, collaborate and coordinate with other members of the tax group

Ability to work with a partially-remote team

Ability to work with multiple, diverse projects and knowledge-share and educate people in the organization

Passion for results

Flexibility and willingness to work with others and share/shift responsibilities and resources on an interim basis in response to demands

Self-motivated, able to work under pressure, and independently and carry out assigned responsibilities

Strong written and verbal communication skills

Creative/strong problem-solving skills

Strong organizational skills

Ability to plan and prioritize work

Carrier is An Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status, age or any other federally protected class.Job Applicant's Privacy Notice:Click on this link (https://www.corporate.carrier.com/legal/privacy-notice-job-applicant/) to read the Job Applicant's Privacy NoticeCOVID-19 vaccines will be required for all newly hired Carrier U.S. Salaried employees.

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