Director – External Reporting

American Tire Distributors
Published
August 11, 2019
Location
Huntersville, NC
Job Type

Description

We look forward to your application! When applying, please be sure to put your Full Legal First Name and Last Name for legal and processing purposes.

Are you looking for an opportunity to turn your ambition and your people skills into a rewarding career with an industry leader? Join our team at American Tire Distributors! As the nation's premier tire distributor, ATD’s coast-to-coast distribution network provides approximately 80,000 customers across the U.S. and Canada with rapid and frequent delivery of high quality tires, custom wheels and shop supplies.

Position Description

Reporting to the Head of Finance and Controller, the External Reporting Director is responsible for external financial reporting and technical accounting and financial reporting disclosure research for Finance. Responsibilities include handling external reporting requirements with the Securities and Exchange Commission (SEC), and other external stakeholders including banks and bond and other debt investors.

Responsibilities also include monthly financial reporting requirements to executive management and Board of Directors and calculations and filing of all debt related compliance and covenant requirements. The External Reporting Director is also responsible for coordination of the quarterly external reporting calendar with external auditors, internal audit, accounting, tax, legal, treasury, executive management and external legal counsel.

Essential Duties & Responsibilities

Controls & Compliance Management

  • Collaborate with functions outside of Finance to ensure accurate financial reporting.
  • Prepare quarterly and annual consolidated financial statements, footnote disclosures and management’s discussion & analysis (MD&A) and support the external auditors in their audit of such.
  • Prepare actual and forecasted cash flow statements.
  • Manage all review of financial documents both within and outside of the organization.
  • Analyze, evaluate, and interpret data concerning the overall financial condition of the organization.
  • Research new accounting pronouncements and summarize in formal position papers the requirements and their related applicability to the company and financial or disclosure impact on the company’s financial statements.
  • Research all complex technical accounting and disclosure issues and collaborate as necessary with external accounting and legal experts where necessary.
  • Assist FP&A with planning and forecasting for the balance sheet and other key financial statement areas including debt, interest, intangible amortization, exit cost and other ease reserves.
  • Work closely with external auditors to oversee the auditing process and address any technical accounting and disclosure issues raised.
  • Adhere to professional requirements as per legal restraints, accounting practices (GAAP), and the requirements of the boards of directors.
  • Evaluate the effectiveness of internal controls and develop and implement procedures where necessary.
  • Calculate and filing of all debt related compliance and covenant requirements with regulatory or other third parties.
  • Maintain equity capitalization table.
  • Analyze and propose required accounting and reporting requirements for all equity transactions including those related to common stock, stock options, etc.
  • Report all relevant findings to the Head of Finance and Controller.
  • Establish and maintain relationships with external stakeholders.
  • Prepare external reporting requirements with the Securities and Exchange Commission (SEC), including Form 10-Q’s, Form 10-K’s, and Form 8-K’s.
  • Prepare internal, monthly financial reporting requirements for executive management and Board of Directors.
  • Prepare ad hoc reporting for internal members of executive and senior management.
  • Support investor relation activities (respond to inquiries and investor packages).
  • Evaluate actual and proposed leases and other legal agreements to ensure proper accounting.
  • Responsible for leading the performance of purchase accounting and related accounting research and related valuation work in connection with mergers and acquisitions.

Process Improvement Management

  • Lead and manage process improvement initiatives for Finance programs and projects.
  • Lead the development of process improvements to ensure accurate and appropriate information, tools, and process frameworks are in place.
  • Optimize methods and improve efficiency through the analysis of various accounting processes.
  • Plan, develop, and implement programs to monitor process improvement and good business practices.
  • Provide direction for the implementation of corrective measures and follow up to ensure compliance with current control processes, standards, and programs.
  • Research and resolve accounting issues including evaluation and implementation of new accounting pronouncements.
  • Continuously challenge and improve the efficiency and accuracy of the financial consolidation process via the use of technology and implementation of controlled but efficient operational processes.

Team Management

  • Recruit staff members and oversee training programs.
  • Participate in additional projects when required and assist senior accountants when the need arises.
  • Cross train staff on critical monthly, quarterly and annual tasks to support external reporting.

Direct Report Position Title(s)

  • External Reporting Senior Accountant

Required Qualifications

Qualifications:

  • Bachelor’s Degree in Accounting
  • Certified Public Accountant (CPA) certification
  • 4-5 years of financial reporting experience with a SEC registrant
  • 6-12 years of overall financial accounting and reporting experience
  • Experience in researching issues within the FASB US Accounting Standards Codification and articulating position papers to support the proposed accounting and reporting disclosures
  • Advanced Microsoft Excel skills
  • Accounting, automation of reporting and analysis experience of data in large ERP systems (i.e. - Oracle, Oracle FCSS or SAP alternative)

Desired Qualifications

  • Master’s degree in Accounting
  • Big 4 accounting firm experience
  • Involvement with acquisitions/acquisition accounting, debt restructuring/refinancing and stock compensation accounting
  • Prior experience with initial public offering (IPO) processes and reporting

Candidate Skills And Competencies (Technical)

Professional Accounting Standards, Requirements, and Procedures Understanding and Compliance

  • Combine expert knowledge of professional accounting standards with business insight to serve as an authority on professional accounting standards, requirements, and procedures in the organization. Ensure that the appropriate accounting and reporting methods are being used given the situation.
  • Anticipate issues related to using a particular accounting or reporting method in a given situation and determine the appropriate approach to mitigate the issue from occurring.
  • Ensure organization-wide conformity to professional accounting standards, requirements, and procedures related to the business, and design programs to deal with employees who are not compiling.

Organizational Finance Policies Compliance and Maintenance

  • Evaluate and update the organization's policies.
  • Serve as a subject-matter expert in the organization's policies.
  • Anticipate potential risks or issues related to the organization's policies and develop a risk mitigation plan to accompany these issues. Enforce compliance with organizational regulations, policies, and procedures.
  • Conduct medium-term (6-12 months) internal scans to identify barriers and opportunities related to the organization's current internal compliance policies and procedures.

Financial Accounting

  • Ensure that the organization accurately discloses all relevant risks in the financial reports for internal or external stakeholders.
  • Ensure that appropriate accounting policies for financial reporting are used.
  • Conduct the final review on financial statements and testify to their completeness and accuracy.
  • Design the organization's chart of accounts according to industry best practices and business fit.
  • Create, employ, and continuously evaluate new reconciliation and general accounting initiatives to improve the efficiency and accuracy of the information, based on analyses of internal financial statements.
  • Oversee adherence to the organization's processes supporting general accounting.

Management Accounting

  • Leverage advanced internal costing and performance measurement techniques; modify costing and performance measurement techniques to ensure continued appropriateness for the organization's business model.
  • Collaborate with finance and accounting leaders to make suggestions for optimizing the portfolio mix and supply chain, while fulfilling the organization's value proposition.
  • Anticipate profitability issues related to the organization's product portfolio and supply chain by conducting environmental scans in the medium term (6-12 months).
  • Evaluate organizational performance using industry best practice frameworks, reviewing financial and non-financial results, and identify new initiatives related to improving the organization's financial performance.
  • Modify the organization's performance measurement model when necessary and make exceptions to the model for atypical situations.
  • Support the management accountant leader to identify each department as a responsibility center and communicate the corresponding performance measurements.
  • Evaluate the organization's current management reporting systems to identify areas of opportunity for efficiency and integration.
  • Analyze competitors' financial information, identifying their strengths and weaknesses, in comparison to the organization's.
  • Initiate benchmarking process improvement programs to increase efficiency and accuracy.

Internal Control

  • Serve as the subject-matter expert on internal control systems within the organization and ensure that the organization meets or exceeds operational, financial, and internal control compliance objectives.
  • Partner with business leaders to set the policies and procedures for internal control, with the goal of achieving policy alignment with organizational objectives.
  • Design, implement, and oversee the ongoing evaluation of the organization's internal control systems.
  • Set, maintain, and update fraud or error detection frameworks and protocol.
  • Devise the organization's internal auditing plan in terms of human resource allocation, time, and tools required.
  • Perform or direct the internal audit work, as indicated in the audit work plan.
  • Create and maintain strong relations with the external auditing organization.
  • Interpret internal and external audit reports, drawing implications and next steps for the organization based on the data.

Finance

  • Execute advanced activities with working capital management, including receivables and payables.
  • Analyze and identify opportunities for cash investments.
  • Make advanced treasury management decisions.
  • Identify areas of opportunity or barriers for the organization's financing initiatives and foreign exchange management by conducting a short-term (1-6 months) environmental scan.
  • Escalate and analyze requests from businesses who want to merge or acquire the organization.
  • Apply basic knowledge of business, capital project, and asset valuation techniques to address valuations.
  • Assist in the development of risk management policies for the organization.

Financial Planning

  • Champion the organization's budgeting process and regulations and enforce employee participation and adherence to budgeting policies and processes.
  • Collaborate with finance and accounting leaders to set financial goals in the medium term (6-12 months).
  • Deal with complex budgeting issues.
  • Evaluate budgeting initiatives to reduce the amount of variation between actual and budgeted revenues or costs and develop action plans to implement initiatives.
  • Forecast financial resource requirements for each department to assist in the upcoming budgeting processes and develop projected financial statements for the organization, related to the budgeted revenue and cost targets.
  • Support departments to achieve financial goals and work within the financial resources allocated to the department; develop contingency plans or funds for departments "over spending."
  • Explain budgeting process to business partners to help them with building and managing their budgets.

Data Analysis

  • Demonstrate an advanced understanding of metrics.
  • Select relevant and insightful metrics.
  • Able to identify patterns and predict data outcomes and use information to shape programs and affect all business units.
  • Employ evidence-based decision making, and support key decisions with data.
  • Evaluate existing technology and advocate for investments in new technology to meet data requirements.
  • Incorporate data and insights from multiple sources to tell a meaningful story and share actionable recommendations.

Candidate Skills And Competencies (Professional)

Additional Details (work environment, specializations, etc.)

  • Physical Demands: While performing the duties of this job, the employee is occasionally required to stand; walk; sit; use hands to finger, handle or feel objects, use keyboards or controls; reach with hands and arms; climb stairs; balance, stoop, kneel, crouch or crawl; talk, hear, taste and/or smell; the employee must occasionally lift and/or move up to 50 pounds. Specific vision abilities required by the job include close vision, distance vision, color vision, peripheral vision, depth perception and the ability to adjust focus.
  • Work Environment: While performing the duties of this job, the employee is exposed to office conditions prevalent at the time.
  • The noise level in the work environment is usually low to moderate.
  • Travel Required: Only instances of significant travel will occur in the case of closing out a significant acquisition and/or required systems training (external).

Company Description

Through decades of acquisitions and steady growth, ATD has emerged as the nation's premier tire distributor. We serve customers from over 100 distribution centers across the United States, with nearly 10 million square feet of inventory supported by a rapid delivery network, a field of dedicated sales specialists, an industry-leading technology platform, state-of-the-art logistics and a variety of marketing support programs – all combining to help tire and automotive service retailers succeed in a increasingly competitive marketplace.

ATD continues to grow our presence to the north by recently expanding into Canada. Through our Canadian subsidiary, ATD now has over 20 distribution centers and counting to serve the needs of our customers across multiple provinces.

Even as ATD continues to move ahead as an industry leader, we remain focused on the personal service and the principles that have guided us from the day we first opened our doors in 1935. We understand the challenges our customers face. We look at each day as a new opportunity to show our strengths and prove our value. We are dedicated to arming our customers with the tools, resources and opportunities to move Miles Ahead.

American Tire Distributors employs over 3,000 employees across its nationwide distribution center network, including over 300 people in its Charlotte-area field support center, distribution center and regional hub.
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