Financial Project Manager - Lead Business Analyst

About the role

VARITE is looking for a qualified Financial Project Manager – Lead Business Analyst in Woodcliff Lake, NJ 07677.

Qualifications

• Certified Public Accountant or master’s degree in accounting/taxation/financial planning/business administration
• 10+ years of experience as a manager, including 7+ years of automobile industry–specific experience as a manager
• Bachelor’s degree, major in Accounting
• 10+ years of experience in accounting/tax/controlling/finance
• 10+ years’ experience in finance systems including SAP (including SAP S/4HANA) and 5+ finance systems implementations
• 10+ years of collaboration on projects with diverse and distributed teams
• Hands-on experience implementing a new accounting standard, such as IFRS or US GAAP
• 10+ years of proven cross-functional collaboration in accounting/tax/controlling/business areas
• 10+ years of automobile industry–specific experience in cost accounting, financial planning (budgeting, forecasting), public accounting, tax accounting, or corporate accounting
• Broad knowledge of general accounting topics
• Specific knowledge of warranty, goodwill, buyback, and service contract accounting, including US lemon law knowledge
• Advanced knowledge of International Financial Reporting Standards
• Strong analytical skills and proficiency in Excel
• Advanced use of BI tools (Tableau, QLIK, Power BI)

Responsibilities

• Analyze US GAAP/IFRS standard treatment for complex topics and service contracts; apply US lemon law to determine correct accounting for buybacks
• Perform complex financial analysis for business cases using Power BI, Qlik, and Tableau
• Plan, budget, and forecast for Warranty, Goodwill, and Service Contracts; create and analyze related provisions and liabilities
• Provide monthly actual/plan variance analysis and reporting to senior management
• Conduct quarterly studies of Warranty/Goodwill/Service Contract provisions and liabilities to ensure appropriate reserve levels
• Manage development and implementation of tools to enhance and automate accounting processes
• Manage financial analysis of monthly, quarterly, and annual financial statements (balance sheet and P&L) against budget, forecast, and prior-year actuals; create reporting for senior management
• Analyze consolidated group view against budget/forecast in close collaboration with controlling
• Lead the monthly Financial Statement Meeting and explain variances and business developments to heads of accounting and controlling
• Independently plan LRP, budget, forecast, and outlook for all aspects of provisions for Warranty, Goodwill (> $2 billion), and deferred revenue positions for Roadside Assistance, Scheduled Maintenance, Maintenance Plan Upgrades, and CPO Protection (> $1.5 billion)
• Collaborate cross-functionally with multiple business departments to monitor program profitability/loss for service contracts on a vendor code/program level
• Provide timely analyses, reporting, and proposals on program structure, pricing, efficiencies, and revenue-enhancing/cost-saving opportunities to direct and upper management
• Align with business departments to understand trends and determine appropriate cost per unit for Warranty and Goodwill provisions
• Organize and facilitate quarterly management briefings on Warranty/Goodwill/Maintenance Plans/Recalls and coordinate preparation with process partners
• Manage quarterly studies of Warranty & Goodwill provisions and Maintenance (Scheduled & Upgrades) and CPO Protection to ensure appropriateness of provisions and reserves
• Serve as subject-matter expert for warranty provisions and deferred revenue positions; ensure effective system utilization and data accuracy
• Drive automation initiatives and development/enhancements of systems in collaboration with IT in Financial Analysis and Warranty
• Independently prepare ad hoc analyses, presentations, and estimates for direct and upper management
• Investigate fundamental accounting treatments under IFRS for balance sheet and P&L items
• Verify that internal accounting controls related to accounting processes are in place and effective
• Work with and provide explanations to external auditor (PwC) for the annual audit and mid-year review

Benefits

• Health Insurance: Medical, dental, and vision coverage
• Retirement Plans: Participation in a company-sponsored retirement savings plan
• Legal Service Plans: Access to attorneys for legal advice and representation