Job Description
As the R2R SDL (Record to Report Service Delivery Lead) at NIQ, you will play a critical role in overseeing the Record to Report process within the Global Finance Operations. This position demands a high level of technical expertise and strong controllership skills to ensure the accuracy, integrity, and compliance of financial reporting and accounting activities. You will be responsible for managing and reviewing key financial processes, including manual journal entries, reconciliations, trial balance reviews, balance sheet risk reviews and month-end close activities. Additionally, you will be accountable for statutory accounting and reporting for all NIQ Legal entities, R2R project management, KPI reporting and Consolidation while ensuring process compliance with SOX and audit requirements.
Your role will involve close collaboration with various stakeholders to drive consolidation activities, optimize processes, and maintain robust internal controls. You will also be accountable for the overall delivery of R2R services working closely with the R2R transactional accounting team, providing technical guidance and leadership to your team. This position requires a proactive approach to change management and process optimization, leveraging your deep technical knowledge to enhance efficiency and effectiveness across the organization.
Key Responsibilities
Review and Approval of Manual Journal Entries (MJEs):
- Ensure all manual journal entries are accurately reviewed and approved in a timely manner.
- Supervise the generation and distribution of journal entries across multiple entities and regions.
Review and Approval of Reconciliations:
- Review and approve financial reconciliations on a regular basis to ensure accounts are aligned across entities.
- Investigate and resolve out-of-balance situations to ensure proper reconciliation and reporting.
Review of Open Items Including Risk Assessment:
- Monitor and review open items, assessing risks and coordinating with internal departments as needed.
- Ensure timely clearing of open items to maintain accurate financial records.
Review of Trial Balance (Co Code Level):
- Conduct regular reviews of trial balances at the company code level to ensure accuracy and completeness.
- Address any discrepancies and ensure proper documentation.
Month-End GL Close Sign-Off Including FA and Intercompany Activities:
- Manage the month-end and year-end close processes for general ledger, fixed assets, and intercompany activities, ensuring timely and accurate financial reporting.
- Monitor and resolve any issues related to the close process, coordinating with internal departments as needed.
Statutory Accounting:
- Accountable for high quality Statutory Accounting and Reporting for all NIQ LEs. Support the implementation of new accounting pronouncements as required. Prior experience of Statutory Financial Statement Preparation and local Indirect/Direct Tax knowledge a plus.
Continuous Improvement:
- Identify opportunities for process improvements and work with relevant teams to implement changes.
- Lead initiatives to enhance efficiency and effectiveness within finance operations.
- Stay updated on industry trends and best practices within the region to drive innovation
Project Management and KPI Reporting:
- Lead projects related to R2R process improvements and migrations, ensuring a smooth transition and minimal disruption to financial processes.
- Develop and monitor key performance indicators (KPIs) to drive performance and achieve financial goals.
Review of Monthly, Quarterly, and Yearly Pack (Including BS Commentaries):
- Oversee the preparation and review of monthly, quarterly, and yearly financial packs, including balance sheet commentaries.
- Ensure compliance with accounting standards and regulations.
Process Compliance – SOX and Audit Activities:
- Ensure compliance with internal controls, SOX requirements, and audit activities related to financial reporting.
- Lead the preparation and submission of reports required for statutory, tax, and regulatory compliance.
Consolidation Activities and Reporting:
- Manage consolidation activities and reporting, ensuring accurate and timely financial consolidation across entities.
- Liaise with cross-functional teams to streamline and document consolidation processes effectively.
Overall Accountability for R2R Services Including Interface with Stakeholders and Customers:
- Communicate and collaborate routinely with finance counterparts at regional levels, providing direction related to key processes and related changes, the sharing of best practices and keeping them abreast of initiatives that have a global impact.
- Work closely in partnership with other corporate stakeholders as a key strategic leader in NIQ operations, including the Chief Accounting Office (CAO); Director of Global Accounting; Director of Corporate Consolidations etc.
Strong Technical Aspect of R2R:
- Demonstrate strong technical expertise in R2R processes, including financial reporting, reconciliations, and statutory accounting.
- Stay updated with the latest developments in accounting standards and regulations.
Change Management and Optimization Experience:
- Lead change management initiatives to optimize R2R processes and enhance efficiency.
- Implement process improvements and automation
Skills and Competencies:
- Trial Balance ownership mindset
- Accountable for the overall delivery of R2R services working closely with the R2R transactional accounting team, providing technical guidance and leadership to the team.
- Deep understanding of Record to Report processes, including financial reporting, reconciliations, statutory accounting, and consolidation activities.
- Extensive knowledge of US GAAP, IFRS, and other relevant accounting standards and regulations.
- Strong understanding of internal controls, SOX requirements, and audit activities related to financial reporting.
- Ability to ensure compliance with local and international accounting standards and regulations.
- Ability to monitor and review open items, assess risks, and coordinate with internal departments to resolve issues.
- Strong project management skills, with the ability to lead projects related to R2R process improvements and migrations.
- Implement effective governance across all aspects of R2R operations and conduct regular stakeholder management sessions.
- Work closely with the Global Process Owner (GPO) for Record to Report, and ensure the team is fully knowledgeable about what drives best-in-class R2R and ensures that it meets business requirements and provides services that exceed expectations.
- Meticulous attention to detail, ensuring accuracy and consistency in financial reporting and accounting activities.
- Ability to handle multiple priorities in a fast-paced environment, adapting to changing business needs and requirements.
- Willingness to take on new challenges and responsibilities as needed to support the organization’s goals.
Qualifications
Qualifications and Skills
- Bachelor’s degree in Accounting
- Professional certification such as CA (Chartered Accountant) CPA (Certified Public Accountant) or ACCA (Association of Chartered Certified Accountants) is mandatory.15 – 20 years of experience required
- Strong understanding of accounting standards, financial reporting, and related global compliance issues.
- Experience with multinational organizations and familiarity with complex financial structures.
- Proficient in SAP ERP systems and Excel.
- Strong knowledge of US GAAP and IFRS, with demonstrated experience in managing financial reporting and reconciliations.
- Proven track record of process improvement and automation in finance org.
Additional Information
Our Benefits
- Flexible working environment
- Volunteer time off
- LinkedIn Learning
- Employee-Assistance-Program (EAP)
About NIQ
NIQ is the world’s leading consumer intelligence company, delivering the most complete understanding of consumer buying behavior and revealing new pathways to growth. In 2023, NIQ combined with GfK, bringing together the two industry leaders with unparalleled global reach. With a holistic retail read and the most comprehensive consumer insights—delivered with advanced analytics through state-of-the-art platforms—NIQ delivers the Full View™. NIQ is an Advent International portfolio company with operations in 100+ markets, covering more than 90% of the world’s population.
For more information, visit NIQ.com
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Our commitment to Diversity, Equity, and Inclusion
NIQ is committed to reflecting the diversity of the clients, communities, and markets we measure within our own workforce. We exist to count everyone and are on a mission to systematically embed inclusion and diversity into all aspects of our workforce, measurement, and products. We enthusiastically invite candidates who share that mission to join us. We are proud to be an Equal Opportunity/Affirmative Action-Employer, making decisions without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability status, age, marital status, protected veteran status or any other protected class. Our global non-discrimination policy covers these protected classes in every market in which we do business worldwide. Learn more about how we are driving diversity and inclusion in everything we do by visiting the NIQ News Center: https://nielseniq.com/global/en/news-center/diversity-inclusion
