Financial Project Manager - Lead Business Analyst

The candidate will manage the financial analysis of the monthly, quarterly, and annual financial statements (balance sheet and P&L) against budget, forecast and prior year actuals for total company analysis by segment and product line) and create reporting to senior management. With 850+ global consultants, VARITE is committed to delivering excellence to its customers by leveraging its global experience and expertise in providing comprehensive scientific, engineering, technical, and non-technical staff augmentation and talent acquisition services.

VARITE is looking for a qualified Financial Project Manager - Lead Business Analyst - 5405 in Woodcliff Lake, NJ 07677
 
What do we do?
Established in the Year 2000, VARITE is an award-winning minority business enterprise providing global consulting & staffing services to Fortune 1000 companies and government agencies. With 850+ global consultants, VARITE is committed to delivering excellence to its customers by leveraging its global experience and expertise in providing comprehensive scientific, engineering, technical, and non-technical staff augmentation and talent acquisition services.
 
Qualifications:

1. Certified Public Accountant or master’s degree accounting/taxation/financial planning/business administration
2. 10+ years of experience as a manager, 7+ years of automobile industry specific experience as a manager
3. Bachelor’s degree, Major in Accounting
4. 10+ years of experience in accounting/tax/controlling/finance
5. 10+ years’ experience in finance systems SAP including SAP 4HANA and 5+ finance systems implementation
6. 10+ years of collaboration a project of diverse and distributed teams, Hands-on experience implementing a new accounting standard, such as IFRS or US GAAP
7. 10+ years of proven cross-functional collaboration in accounting/tax/controlling/business areas
8. 10+ years of automobile industry specific experience in cost accounting, financial planning (budgeting, forecasting), public accounting, tax accounting or corporate accounting
9. Broad knowledge of general accounting topics
10. Specific knowledge of warranty, goodwill, buyback, and service contract accounting including US lemon law knowledge
11. Advanced knowledge of International Financial Reporting Standards
12. Strong analytical skills and proficiency in Excel
13. Advanced use of BI tools (Tableau, QLIK, Power BI)

 
Responsibilities:
Role requires a versatile set of skills and industry specific extensive experience. Incumbent must bring a senior accounting background, like Senior Corporate accounting not operational accounting. The candidate needs to be able analyze US GAAP/ IFRS standard treatment for very complex topics and service contracts.
 

1. Candidates need to be familiar with the US lemon law to determine correct accounting for buybacks.
2. Candidate will perform complex financial analysis for business cases utilizing Power BI tools like Qlik/Tableau

 
Candidate must have skills and extensive experience in planning (budgeting and forecasting) for Warranty, Goodwill, and Service Contracts:
o Projects: Candidate must know New Warrants System (NWS), Datamart, Qlik CPO, and oil only automation.
o Analysis: Batterie State of Health; Maintenance Upgrade programs; Multi Components contract Review.
o Planning: Planning and comparison for Warranty, Goodwill, and Service Contracts (WGSC).
• The candidate independently plans (budget, forecasts, outlook), creates, and analyzes Warranty/Goodwill/Service Contract related provisions and liabilities. On a monthly basis this role provides actual / plan variance analysis of the financial result and creates reporting to senior management.
• This position also performs quarterly studies of Warranty / Goodwill / Service Contracts provisions and liabilities to ensure appropriate reserve levels. Further this position manages the development and implementation of tools to enhance and automate accounting processes.
• The candidate will manage the financial analysis of the monthly, quarterly, and annual financial statements (balance sheet and P&L) against budget, forecast and prior year actuals for total company analysis by segment and product line) and create reporting to senior management.
• Additional analysis of consolidated group view against budget/forecast in close collaboration with controlling.
• The candidate will manage the monthly Financial Statement Meeting and explain variances and overall business developments to head of accounting and head of controlling.
• Independently plan LRP, Budget, Forecast and Outlook for all aspects of provisions for Warranty, Goodwill (> $ 2 billion), as well as deferred revenue positions for Roadside Assistance, Scheduled Maintenance, Maintenance Plan Upgrades and CPO Protection (> $ 1.5 billion)
• Cross-functional collaboration with multiple business departments on all management levels to lead the monitoring of program profitability/loss for service contracts on a vendor code / program level.
• Independently provide timely analyses, reporting of developments and proposals regarding program structure, pricing, efficiencies, and other revenue enhancing and cost savings opportunities as applicable to direct and upper management.
• Collaborate with multiple business departments on all management levels to align and understand the most current trends and to determine appropriate cost per unit for Warranty and Goodwill provisions.
• Independently organize and facilitate quarterly management briefing related on Warranty/Goodwill/Maintenance Plans/Recalls and coordinates the preparation with various process partners.
• Manages quarterly study of Warranty & Goodwill provision as well as Maintenance (Scheduled & Upgrades) and CPO Protection to ensure the appropriateness of provisions and reserves in the books.
• Serve as a subject matter expert specifically related to warranty provisions and deferred revenue positions while ensuring effective system utilization, accuracy of data flowing through systems.
• Continuously drive initiatives to automate processes as well as development of any new systems and any enhancements to current systems in close collaboration with IT in Financial Analysis and Warranty.
• Independently prepare ad hoc tasks for direct and upper management (analyses, presentation, estimates).
• Independently investigate topics regarding fundamental accounting treatments under IFRS for all balance sheet and profit and loss statement items.
• Verify that internal accounting controls related to accounting processes are in place and effective.
• Work with and provide explanations to external auditor (PwC) for the annual audit and mid-year review.
 
BENEFITS:
We offer a comprehensive benefits package designed to support the health, well-being, and financial security of our employees and their families. Eligible employees may receive:
Health Insurance: Medical, dental, and vision coverage
Retirement Plans: Participation in a company-sponsored retirement savings plan
Legal Service Plans – Offering access to attorneys for legal advice and representation
 
If this opportunity interests you, please respond by clicking on EasyApply.
 
In case you are not currently available or interested in pursuing this opportunity, please forward this email among your circle who might be suitable and interested in any of our open requirements. VARITE has a robust Candidate Referral Fee plan where you will receive a one-time referral fee if the referred candidate successfully works with VARITE on an assignment for at least 1 month or 160 Hours.
 
VARITE is committed to creating a diverse environment and is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.