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The Sr. Manager Financial Reporting & Technical Accounting manages the enterprise-wide internal and external technical accounting responsibilities. The role implements new accounting pronouncements through multi-department collaboration, especially with the Financial Reporting team to ensure the highest degree of quality of the company’s financial statements and internal documentation. This role is responsible for monthly and quarterly statement of cash flows and serves as key liaison to external auditors related to technical accounting matters, including acquisitions, divestures, debt and derivatives transactions and related financial reporting controls. Additionally, they partner with key members of Accounting, Tax, Legal, Treasury, FP&A, Investor Relations and HR, and Senior Finance Leaders for internal technical accounting reporting requirements.This position has been segmented as Hybrid meaning there is a combination of three onsite days per week and the rest remote.
Responsibilities:
Performs complex technical accounting and SEC research for new accounting pronouncements and completes thorough memo documentation and support for audit compliance.
Manages implementation of new guidance related to the disaggregation of income statement expenses (DISE), including all research and communication between departments.
Leads accounting and documentation for debt transactions/refinancings, acquisitions and divestitures, and lease accounting/modifications.
Leads preparation of technical disclosures for the Company’s 10-Q/10-K, in particular, any new disclosures needed related to new accounting pronouncements, acquisitions & divestitures and debt & derivative related disclosures, also includes monitoring peer disclosures for these topics.
Manages monthly and quarterly cash flow process by performing the cash flow analysis including a flux analysis of operating costs and meeting with various departments (FP&A, Treasury, Leases and Fixed Assets) to ensure consistency.
Performs annual goodwill and intangible impairment analyses.
Owns accountability for company-wide benefit plan reporting and annual audit.
Serves as Financial Reporting liaison for M&A activities and acquisition/divestiture/restructuring and related accounting and reporting.
Leads technical accounting decisions for lease and fixed asset accounting departments.
Manages Financial Reporting team SOX control and related processes to ensure compliance.
Owns journal entries and account reconciliations for technical financial reporting areas including debt and derivatives.
Other duties as assigned by manager.
Relationships:
Internal: Controller’s Team, Finance, Investor Relations, Treasury, ELT, Internal Audit, other Support Office Function Leaders.
External: Auditors and Consultants.
Minimum Qualifications:
8 years of progressive relevant work experience, including experience in a public company or public accounting firm OR 6 years of progressive relevant work experience with an MBA or MA in finance or accounting.
Public company experience and/or experience in public accounting firm
Strong expertise in accounting principles and practices (GAAP), external/SEC reporting and internal controls commensurate with an SEC registrant and related knowledge.
Intermediate to advanced skills in Microsoft Excel and other Microsoft Office tools.
Ability to organize their own work and deadlines as well as assist others with their planning and to prioritize activities in a multi-tasked environment required.
Strong attention to Detail, including regularly providing accurate, thorough and consistent work and reviewing work of others for accuracy.
Strong Verbal & Written communications to a variety of audiences.
Strong analytical skills of complex information.
Ability to make accurate decisions and solve problems, many of which are complex, with little direction.
Ability to work independently on most assignments and bring forward ideas for improvement.
Ability to collaborate well with team members and other work associates and to lead the team and others.
Ability to assign and oversee work of team members, providing coaching and feedback to grow team members and to serve as a positive role model by setting examples for integrity, fairness and respect.
Education:
Bachelor's degree in Accounting or Finance.
Certifications/Training
Certified Public Accountant (CPA).
Preferred Qualifications:
MA or MBA.
Expertise with Workiva, PeopleSoft, Blackline financial reporting systems.
Big 4 firm or second tier firm experience.
This role will also receive an annual incentive plan bonus and be eligible for a LTIP.
Benefits for this role may include health insurance, pre-tax spending accounts, retirement benefits, paid time off, short-term and long-term disability, employee stock purchase plan, and life insurance. To review available benefits, please click here: https://www.usfoods.com/careers/benefits.html.
Compensation depends on relevant experience and/or education, specific skills, function, geographic location, and other factors as applicable by law (for example: state or local minimum wage thresholds). The expected base rate for this role is between
$100,000 - $160,000***EOE – Race/Color/Religion/Sex/Sexual Orientation/Gender Identity/National Origin/Age/Genetic Information/Protected Veteran/Disability Status***
Skills Required
- 8 years of progressive relevant work experience
- Public company experience
- Strong expertise in GAAP
- Intermediate to advanced skills in Microsoft Excel
- Bachelor's degree in Accounting or Finance
- Certified Public Accountant (CPA)
What We Do
US Foods is one of America’s great food companies and a leading foodservice distributor, partnering with approximately 300,000 restaurants and foodservice operators to help their businesses succeed. With 28,000 associates and more than 70 locations, US Foods provides its customers with a broad and innovative food offering and a comprehensive suite of e-commerce, technology and business solutions. US Foods is headquartered in Rosemont, IL, and generates more than $28 billion in annual revenue. Visit usfoods.com to learn more. ------------ Rules of Engagement Statement: We are proud to support community engagement on the US Foods LinkedIn page, and we're excited to see your comments, photos and videos. Please note that the views expressed by the community do not necessarily reflect those of US Foods. Before posting, please take a moment to read our rules for community content. We reserve the right to remove content that violates these rules. 1. Don't break the law. Content that appears to break the law or that advocates for breaking the law also is not permitted. 2. Be polite and courteous to everyone, even those you disagree with. This also means you may not post anything that is threatening, harassing, abusive, bullying, discriminatory, profane, sexually explicit, obscene, violent, gruesome, or similarly objectionable. 3. Stay on topic for this community and dialogue. Off-topic content may include but is not limited to irrelevant or out of context material, spam, promotional content, and links to third-party sites. 4. Follow LinkedIn's Terms and Conditions. 5. All posts must be by a real person and from a real profile. Content from fake or anonymous profiles is not permitted. 6. Our employees must also follow all of our applicable policies and guidelines, including but not limited to our Code of Conduct and Electronic Social Networking Policy
