The Director of Accounting Policy will report directly to the VP of Accounting Policy in the Finance division. This Director of Accounting Policy will work with his/her VP and direct reports to ensure up-to-date company-wide accounting policies in compliance with relevant authoritative accounting literature. The Director will delegate responsibilities effectively to direct reports.
Job Duties
· Collaborate with VP about future accounting policies: monitor accounting standard and regulatory developments and anticipate impact on company’s accounting; participate in discussions/conferences with standard setters, regulators and other industry participants; provide thorough expertise on new regulations and translate new pronouncements so that different stakeholders with different levels of expertise can understand relevant implications for company’s.
· Under direction from the VP, formulate new policy: work with direct reports to draft policies; review policies with Accounting Policy Approval Group to finalize policies.
· Under direction of the VP, liaise with Accounting Operations, Auditors and others inside company to assess implementation impact on business units and address any implementation issues; ensure that the business units and accounting operations have adequate training for new policy implementation.
· Liaise with other Directors of Accounting Policy to synergize efforts and ensure holistic understanding of Accounting Policy.
· Work with Financial Controls to ensure that implementation of accounting standards is well documented and consistent with guidance provided by the accounting standard-setting bodies.
· Develop and mentor direct reports. Coordinate with HR to define staffing requirements of Accounting Policy.