Arch - White Plains, NY
posted 4 months ago
Arch is seeking a Vice President, Corporate Accounting who will manage the financial activities of four corporate entities and oversee a team of four accounting professionals. This role is critical in ensuring the preparation and accuracy of financial statements, guaranteeing timely delivery of corporate results, and developing allocation methodologies for reporting operating expenses to global affiliates. The Vice President will provide comprehensive financial reporting directly to corporate and segment CFOs, ensuring transparency and understanding of financial data by communicating and reporting financial results to cost center owners. This position is pivotal in developing strategic financial processes, including creating, implementing, and refining financial systems and processes that align with the long-term goals of Arch. The responsibilities of the Vice President include overseeing the preparation, accuracy, and timely delivery of financial reports and analysis to senior management and affiliates. This involves analyzing and reporting corporate financial results to ensure compliance with GAAP, providing comprehensive financial reporting to corporate and segment CFOs on a quarterly basis, and engaging regularly with senior management to discuss financial performance, variance analysis, and strategic recommendations. The VP will also rationalize allocation processes for accurately distributing expenses to global affiliates and perform analysis on expense allocations while communicating with relevant stakeholders. In addition to financial reporting, the Vice President will lead and develop a team of four accounting professionals, providing mentorship and guidance to foster a collaborative and high-performing work environment. Acting as the primary liaison between the services company and global affiliate finance teams regarding expense allocations, the VP will communicate effectively with key stakeholders to explain expense results and variance drivers, ensuring strong communication channels for the flow of financial information across all entities. The role also involves supporting SOX compliance processes and financial audits, ensuring adherence to internal controls, accounting policies, and procedures, and maintaining compliance with tax, legal, and regulatory requirements governing global services agreements. The Vice President will streamline monthly, quarterly, and annual accounting close processes and reporting, lead initiatives to improve financial controls and operational efficiency, and implement best practices for financial management and reporting. Overall, this position is essential for operationalizing accounting systems and processes to deliver continuous improvements.