Senior Assistant Financial Controller
Job Description
DEPARTMENT DESCRIPTION:
The Corporate Accounting team, which supports the Global Controller Organization (GCO), amongst others, is a key part of Oracle's World Class Finance organization. This progressive and innovative team comprises a dynamic group of approximately 32 financial professionals responsible for Oracle's US GAAP external reporting, external statutory reporting, US & local compliance and fiduciary responsibilities, as well as mergers and acquisitions.
The Senior Assistant Financial Controller supports the Finance Director in the Corporate Accounting team in further supporting the members of the Board of Directors with the fiduciary responsibility for compliance and protecting the interests of Oracle Corporation (Oracle) and its legal entities that are managed by Corporate Accounting.
The Senior Assistant Financial Controller is responsible for working closely with the acquired company's accounting team to record the acquired company activity in Oracle's general ledger during the entire integration cycle, from purchase date to full system integration. The Senior Assistant Financial Controller will provide support in enforcing that the acquired company legal entities are compliant with all US GAAP (Generally Accepted Accounting Principles), local tax, accounting, and financial regulations, required by local country legislation.
Additionally, this position works closely with Middle Management, and will work in cross-functional relationships with Oracle's Finance organizations - Corporate Consolidations, Oracle controllers in all regions, Treasury, Tax, other M&A integration teams, Global Business Finance, Technical Accounting, Legal and SOX organizations to ensure financial activities of acquired companies are recorded in an accurate and timely manner, in both of Oracle's internal management reporting and external SEC financial reporting.
Responsibilities also include corporate governance, ensuring that Oracle legal entities are operating in compliance of Oracle's policies and procedures, to preserve shareholders' value.
Career Level - IC3
Responsibilities
RESPONSIBILITIES:
Responsibilities of the Senior Assistant Financial Controller, M&A Consolidation include the following:
- Manage monthly and quarterly close cycles, ensuring that US GAAP financial reporting is performed timely, in accordance with corporate close guidelines, consolidating acquired company entities with Oracle entities, preparing journal entries, reviewing monthly activity received from acquired companies to ensure the accuracy and integrity of the financial statements.
- Develop and drive the process of intercompany reconciliation between Oracle and acquired company entities.
- Participate in discovery sessions with the acquired company accounting & finance leadership, to:
- Understand the acquired company legal entity and reporting structure for the purpose of establishing the correct company set-up in Oracle's M&A ledger and to create a company mapping file.
- Obtain a full understanding of acquired company's trial balance to map GL accounts from the acquired company accounts to Oracle accounts.
- Gain an understanding of the acquired company's intercompany transactions and revaluation methodology.
- Load the opening balances from the acquired company to derive the opening balance sheet at the time of change in control in Oracle's general ledger, followed by collaboration with Purchase Accounting, Tax and Technical Accounting teams.
- If necessary, this position will assist with the preparation of the monthly submission file typically prepared by the acquired company.
- Provide tax activity detail, as submitted by acquired companies, to the Tax team, which assists in preparation of the tax return.
- Preparation of global accounting entries to reflect the legal integration of acquired companies with Oracle subsidiaries, and the dissolution of acquired companies.
- Preparation of quarterly reconciliations and certain quarterly reports.
- Responsible for the preparation of intercompany reconciliations for certain M&A global intercompany accounts.
- Performs SOX control to tie out the trial balance from the acquired company general ledger to the Oracle general ledger trial balance, to ensure balances are aligned during the integration period.
- Support statutory reporting and tax audits with the ability to research past acquired company transactions and balances, and interpret past events and future treatment.
- Support Internal Audit and SOX PMO on the assessment of internal controls, implementing recommendations, reinforcing controls for deficiency, and maintaining updated documentation on local processes.
- Participate in Global & Regional strategic initiatives that optimize and enhance the operations of the Chief Accounting Officer organization.
- Implement best practice system processes and controls for the Corporation and legal entities to comply with all internal and external financial reporting obligations.
QUALIFICATIONS:
- Professional Accounting Qualification, Chartered Accountant (CA)
- Bachelor of Commerce (BCOM) or Bachelor of Business Management (BBM)
- Between 3-5 years of relevant progressive experience in the technology sector with multinational companies/Fortune 500, or public accounting experience in a top 10 accounting firm.
- Experience in corporate accounting, intercompany and consolidation preferred.
- Knowledge and experience of US GAAP accounting, including ASC 830 (formerly known as SFAS 52)
- Good understanding across the breadth of finance responsibilities including, accounting, revenue recognition, treasury, tax, business practices, etc.
- Proficient user in Microsoft Office applications, particularly Microsoft Excel
- Knowledge and experience of ERP systems. Experience in Oracle Financials and/or other ERP solutions is an advantage.
SKILLS AND ATTRIBUTES:
- A proactive self-starter with a desire to learn, innovative inquisitive mindset and ability to manage multiple priorities simultaneously.
- Dynamic, innovative & problem resolution focused, troubleshooting and analytical skills.
- Results oriented, ability to multi-task and can thrive in a deadline driven environment.
- Ability to immerse oneself to understand problems and propose solutions.
- Strong communication, interpersonal and presentation skills to interact with various levels of management.
- Ability to effectively work in a multi-location organization and adapt to different cultures.
- Ability to identify and execute operational excellence and continuous improvement initiatives to improve resource optimization.
About Us
As a world leader in cloud solutions, Oracle uses tomorrow's technology to tackle today's problems. True innovation starts with diverse perspectives and various abilities and backgrounds.
When everyone's voice is heard, we're inspired to go beyond what's been done before. It's why we're committed to expanding our inclusive workforce that promotes diverse insights and perspectives.
We've partnered with industry-leaders in almost every sector-and continue to thrive after 40+ years of change by operating with integrity.
Oracle careers open the door to global opportunities where work-life balance flourishes. We offer a highly competitive suite of employee benefits designed on the principles of parity and consistency. We put our people first with flexible medical, life insurance and retirement options. We also encourage employees to give back to their communities through our volunteer programs.
We're committed to including people with disabilities at all stages of the employment process. If you require accessibility assistance or accommodation for a disability at any point, let us know by calling +1 888 404 2494, option one.
Disclaimer:
Oracle is an Equal Employment Opportunity Employer*. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability and protected veterans' status, or any other characteristic protected by law. Oracle will consider for employment qualified applicants with arrest and conviction records pursuant to applicable law.
- Which includes being a United States Affirmative Action Employer
DEPARTMENT DESCRIPTION:
The Corporate Accounting team, which supports the Global Controller Organization (GCO), amongst others, is a key part of Oracle's World Class Finance organization. This progressive and innovative team comprises a dynamic group of approximately 32 financial professionals responsible for Oracle's US GAAP external reporting, external statutory reporting, US & local compliance and fiduciary responsibilities, as well as mergers and acquisitions.
The Senior Assistant Financial Controller supports the Finance Director in the Corporate Accounting team in further supporting the members of the Board of Directors with the fiduciary responsibility for compliance and protecting the interests of Oracle Corporation (Oracle) and its legal entities that are managed by Corporate Accounting.
The Senior Assistant Financial Controller is responsible for working closely with the acquired company's accounting team to record the acquired company activity in Oracle's general ledger during the entire integration cycle, from purchase date to full system integration. The Senior Assistant Financial Controller will provide support in enforcing that the acquired company legal entities are compliant with all US GAAP (Generally Accepted Accounting Principles), local tax, accounting, and financial regulations, required by local country legislation.
Additionally, this position works closely with Middle Management, and will work in cross-functional relationships with Oracle's Finance organizations - Corporate Consolidations, Oracle controllers in all regions, Treasury, Tax, other M&A integration teams, Global Business Finance, Technical Accounting, Legal and SOX organizations to ensure financial activities of acquired companies are recorded in an accurate and timely manner, in both of Oracle's internal management reporting and external SEC financial reporting.
Responsibilities also include corporate governance, ensuring that Oracle legal entities are operating in compliance of Oracle's policies and procedures, to preserve shareholders' value.
Career Level - IC3
Responsibilities
RESPONSIBILITIES:
Responsibilities of the Senior Assistant Financial Controller, M&A Consolidation include the following:
- Manage monthly and quarterly close cycles, ensuring that US GAAP financial reporting is performed timely, in accordance with corporate close guidelines, consolidating acquired company entities with Oracle entities, preparing journal entries, reviewing monthly activity received from acquired companies to ensure the accuracy and integrity of the financial statements.
- Develop and drive the process of intercompany reconciliation between Oracle and acquired company entities.
- Participate in discovery sessions with the acquired company accounting & finance leadership, to:
- Understand the acquired company legal entity and reporting structure for the purpose of establishing the correct company set-up in Oracle's M&A ledger and to create a company mapping file.
- Obtain a full understanding of acquired company's trial balance to map GL accounts from the acquired company accounts to Oracle accounts.
- Gain an understanding of the acquired company's intercompany transactions and revaluation methodology.
- Load the opening balances from the acquired company to derive the opening balance sheet at the time of change in control in Oracle's general ledger, followed by collaboration with Purchase Accounting, Tax and Technical Accounting teams.
- If necessary, this position will assist with the preparation of the monthly submission file typically prepared by the acquired company.
- Provide tax activity detail, as submitted by acquired companies, to the Tax team, which assists in preparation of the tax return.
- Preparation of global accounting entries to reflect the legal integration of acquired companies with Oracle subsidiaries, and the dissolution of acquired companies.
- Preparation of quarterly reconciliations and certain quarterly reports.
- Responsible for the preparation of intercompany reconciliations for certain M&A global intercompany accounts.
- Performs SOX control to tie out the trial balance from the acquired company general ledger to the Oracle general ledger trial balance, to ensure balances are aligned during the integration period.
- Support statutory reporting and tax audits with the ability to research past acquired company transactions and balances, and interpret past events and future treatment.
- Support Internal Audit and SOX PMO on the assessment of internal controls, implementing recommendations, reinforcing controls for deficiency, and maintaining updated documentation on local processes.
- Participate in Global & Regional strategic initiatives that optimize and enhance the operations of the Chief Accounting Officer organization.
- Implement best practice system processes and controls for the Corporation and legal entities to comply with all internal and external financial reporting obligations.
QUALIFICATIONS:
- Professional Accounting Qualification, Chartered Accountant (CA)
- Bachelor of Commerce (BCOM) or Bachelor of Business Management (BBM)
- Between 3-5 years of relevant progressive experience in the technology sector with multinational companies/Fortune 500, or public accounting experience in a top 10 accounting firm.
- Experience in corporate accounting, intercompany and consolidation preferred.
- Knowledge and experience of US GAAP accounting, including ASC 830 (formerly known as SFAS 52)
- Good understanding across the breadth of finance responsibilities including, accounting, revenue recognition, treasury, tax, business practices, etc.
- Proficient user in Microsoft Office applications, particularly Microsoft Excel
- Knowledge and experience of ERP systems. Experience in Oracle Financials and/or other ERP solutions is an advantage.
SKILLS AND ATTRIBUTES:
- A proactive self-starter with a desire to learn, innovative inquisitive mindset and ability to manage multiple priorities simultaneously.
- Dynamic, innovative & problem resolution focused, troubleshooting and analytical skills.
- Results oriented, ability to multi-task and can thrive in a deadline driven environment.
- Ability to immerse oneself to understand problems and propose solutions.
- Strong communication, interpersonal and presentation skills to interact with various levels of management.
- Ability to effectively work in a multi-location organization and adapt to different cultures.
- Ability to identify and execute operational excellence and continuous improvement initiatives to improve resource optimization.
About Us
As a world leader in cloud solutions, Oracle uses tomorrow's technology to tackle today's problems. True innovation starts with diverse perspectives and various abilities and backgrounds.
When everyone's voice is heard, we're inspired to go beyond what's been done before. It's why we're committed to expanding our inclusive workforce that promotes diverse insights and perspectives.
We've partnered with industry-leaders in almost every sector-and continue to thrive after 40+ years of change by operating with integrity.
Oracle careers open the door to global opportunities where work-life balance flourishes. We offer a highly competitive suite of employee benefits designed on the principles of parity and consistency. We put our people first with flexible medical, life insurance and retirement options. We also encourage employees to give back to their communities through our volunteer programs.
We're committed to including people with disabilities at all stages of the employment process. If you require accessibility assistance or accommodation for a disability at any point, let us know by calling +1 888 404 2494, option one.
Disclaimer:
Oracle is an Equal Employment Opportunity Employer*. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability and protected veterans' status, or any other characteristic protected by law. Oracle will consider for employment qualified applicants with arrest and conviction records pursuant to applicable law.
- Which includes being a United States Affirmative Action Employer