Senior Financial Control Analyst

Responsibilities:

Accounting and Reporting

• Record-to-Report Execution:
• Lead the implementation of new or updated accounting and reporting standards, ensuring accurate application and alignment with corporate policies.
• Identify and assess accounting treatment for complex or unusual transactions, providing recommendations and documentation to support decisions.
• Review and validate the accuracy and legitimacy of recorded financial transactions and related reports, ensuring completeness and compliance.
• Period Close:
• Independently oversee month-end close activities, including journal entries, accruals, reclasses, and reconciliations across integrated and non-integrated systems.
• Define and maintain general ledger accounts and ensure the integrity of the chart of accounts.
• Review and signoff reconciliation outputs, ensuring substantiation and resolution of discrepancies; approve and release journal entries in accordance with internal controls and compliance standards; and ensuring timely and accurate financial submissions.
• Benefits and Compensation Process: Provide advanced financial oversight and analysis of MFC employee compensation and benefits programs. Activities may include:
• Ensuring that the accounting and financial reporting processes for compensation-related expenses (such as salaries, bonuses, and benefits accruals) comply with internal controls, accounting standards, and regulatory requirements.
• Strategically collaborating with HR to ensure the validity of payroll inputs, incentive payouts, and benefits costs.
• Interpret and challenge compensation trends, variances, and accruals to support strategic planning and forecasting.
• Financial Reporting & Compliance: Ensure an effective review of the financial statement preparation of statutory and management reporting by ensuring accuracy, completeness, and compliance with internal policies and external regulations. Activities may include:
• Prepare and review financial statements and management reports, ensuring accuracy, completeness, and compliance with internal and external requirements.
• Identify potential compliance risks and recommend mitigation strategies to senior stakeholders.
• Ensure timely and accurate completion of all financial reporting obligations.
• Reporting and Analytical Support: Design and implement reporting systems and processes to deliver high-quality management information.
• Review ad-hoc analyses to ensure effectiveness in addressing stakeholder needs.
• Develop performance and project reporting tools tailored to business unit needs.
• Provide analytical support for incentive compensation, marketing allowances, and deferred incentive plans (DIP), ensuring accuracy and strategic alignment.
• Accounting Advisory Support: Act as a subject matter expert in accounting discussions, providing guidance on complex issues and new business models.
• Act as a subject matter expert to cross-functional teams in accounting discussions, providing guidance on complex issues during new business model evaluations, project initiatives, and resolution of ad-hoc accounting inquiries.
• Interpret and apply new accounting standards, ensuring consistent implementation and alignment with corporate policies across functions.
• Provide expert guidance in meetings, calls, and reporting activities related to changes in booking methodologies, regulatory studies, and financial reporting requirements.
• Collaborate with senior stakeholders to assess financial impact of strategic initiatives and regulatory changes.

Cost Management & Planning

• Cost Accounting: Apply advanced costing methodologies (standard, marginal, absorption) and interpret cost variances (material, labor, overhead) to provide actionable insights. Lead cost analysis initiatives to identify performance issues and cost-reduction opportunities. Supervise preparation of detailed cost reports to support operational and strategic decision-making.
• Budgeting & Forecasting: Ensure the support of budgeting, forecasting, and business planning activities by reviewing accurate preparation, variance analyses, and delivering insights that support strategic decision-making. Analyze cost drivers and trends to inform budget development and scenario planning.
• Expense Management: Accountable for highly effective expense management by independently managing expense recording, allocation, and reconciliation processes across legal entities; conducting audits of general expenses and supervising suspense account reconciliations. Ensure expense management practices align with financial controls and strategic objectives.
• Process Compliance & Improvement: Identify and implement process improvement initiatives, leveraging best practices and industry trends. Ensure compliance with SOX con