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Established in 1806 as a small soap and candle business in New York City, Colgate-Palmolive is now a truly global company with products sold in over 200 countries and territories under such internationally recognized brand names as Colgate, Palmolive, Softsoap, Irish Spring, Protex, Sorriso, Kolynos, elmex, Tom's of Maine, Sanex, Ajax, Axion, Soupline, Haci Sakir, Suavitel, PCA SKIN, EltaMD, Filorga and Hello as well as Hill's Science Diet and Hill's Prescription Diet.

Colgate-Palmolive is a leading consumer products company that serves hundreds of millions of consumers worldwide with brands and products across four core businesses – Oral Care, Personal Care, Home Care and Pet Nutrition. We are committed to offering products that make lives healthier and more enjoyable, and programs that enrich communities around the world.

Every day millions of people trust our products to care for themselves and the ones they love. Our goal is to use our technology to create products that will continue to improve the quality of life for our consumers wherever they live.

A career at Colgate-Palmolive is an excellent opportunity if you seek a global experience, constant challenge, and development opportunities in an environment that respects work/life effectiveness.

Job Title:  Associate Manager, International Accounting

Travel Required?:  No Travel
Date:  Aug 5, 2022
Partial remote working option

Relocation Assistance Offered Within Country
# 136503 - New York, New York, United States

The Associate Manager, International Accounting supports financial reporting of the business through reconciling, analyzing and reporting financial statement information at a Division level.  Responsible for the maintenance of the consolidation application (BPC- CFN) and the implementation of all related projects, working in close collaboration with the GIT Team. 

 

Main responsibilities include, but are not limited to: 

QUARTERLY CLOSE – ACTUALS-

  • Ensure the accounting and reporting of the Division’s results are in compliance with Generally Accepted Accounting Principles (GAAP) and Colgate Financial Policies (CFP’s).

  • Review Divisional Financial Statements:

  • Conduct analytical review of financial statement trends:  Income Statement (Other Expense/Income, Tax provision, etc.), Balance Sheet (Accounts Receivable, Inventory, CTA, etc.), Cash Flow Statement, and Key Financial Ratios. 

  • Use experienced judgment to identify potential issues or errors, liaise with Divisional Finance Teams to understand business drivers of financial results and challenge explanations as needed

  • Adjust financial statements for errors or recurring adjustments as needed.  Understand any requested adjustments and ensure all are appropriate and in accordance with GAAP

  • Prepare reconciliation and analysis for consolidation of divisional Retained Earnings

  • Prepare divisional analytical summaries of the Cash Flow Statement.  Strip out significant non-recurring or non-cash transactions from subsidiary Cash Flow Statements. Present results of review to Senior management and cross functional teams

  • Own the preparation and distribution of Quarterly Closing letters, ensuring that any special accounting and/or  reporting instructions  are adequately addressed as needed.  Collaborate with other Finance teams, including the Financial Reporting and Corporate Tax teams, to ensure that instructions are complete

  • Obtain divisional financial results confirmation on CFN reporting day from all divisions.  Keep and organize confirmation emails for SOX and PWC purposes

  • Prepare and  present the internal closing & consolidation calendar (target dates) to all involved, keeping track of actual completion dates

  • Issue and analyze the Worldwide Sales Growth Analysis report, ensuring numbers are accurate.  Identify and investigate any potential issues. Provide recommendation for resolution

  • Run validation reports throughout  the quarterly consolidation of actual results,  to ensure the integrity of international submissions.  Collaborate with manager, colleagues and subsidiaries in order to identify and address validation errors.  Keep adequate documentation of validation reports for SOX and PWC purposes

  • Provide WW reports (P&L and Balance Sheet) to PWC through Connect 

  • Identify and understand implications of currency fluctuations on business results

  • Liaise with Financial Reporting to answer technical questions from the Global and Regional Colgate Business Service Centers, Divisions and Subsidiaries

  • Provide support for Annual Budget/LE at Subsidiary & Division level submissions and consolidation in BPC-CFN, including: analytical review, Retained Earnings reconciliations, Cash Flow Strip-outs and any adjustments as needed 

  • Prepare and communicate reporting instructions for LEs and Budget submissions

 

ANNUAL TASKS 

  • Prepare the beginning balance rollover for the CFN environment.  Review and validate beginning balances in LC and USD, documenting results of the review.  Escalate issues requiring beginning balance corrections.  

  • Coordinate the annual SOX testing requirement for Corporate & International Actg. Teams.  Run frequent status reports to ensure timely completion of all testing, address the need to change test ownership, etc. Complete own SOX testing

  • Compile recommendations for edits and/or additions to CFPs.  Collaborate with the Financial Reporting Team in the execution of changes  

  • Twice per year, coordinate with CBS Teams and Corporate Tax, the preparation of MSA (Master Service Agreement) billouts to international countries, ensuring the integrity of amounts billed.  Liaise with PWC on the preparation of their annual procedure letter related to this item. 

  •   Prepare and communicate the Annual Reporting schedule

 

PROJECTS

  • Lead all BPC-CFN related projects: system upgrades and optimizations, changes in reporting structure (combinations / individual submissions), new account testing, etc. 

  • Lead/participate in key departmental projects: efficiency enhancements, implementation of new accounting standards, changes in reporting, etc.

 

Education/ Experience Requirements:

  • Accounting degree and/or certification (Bachelors or Masters with accounting concentration and/or CPA/CMA) required

  • At least 5-6 years of accounting experience

  • Strong understanding of US GAAP required

  • System and data analysis skills required

  • Project Management skills required

  • BPC working knowledge preferred

 

Expected Areas of Skills/Knowledge/Abilities

  • Effective communication

  • Analytical Skills: ability to independently identify and resolve issues 

  • Prioritization: ability to meet deadlines 

  • Strong understanding of systems

  • Strong accounting and financial understanding

Equal Opportunity Employer
Colgate is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity, sexual orientation, national origin, ethnicity, age, disability, marital status, veteran status (United States positions), or any other characteristic protected by law.

Are you interested in working for Colgate-Palmolive? You can apply online and attach all relevant documents such as a cover letter and resume or CV. Applications received by e-mail are not considered in the selection process. Become part of our team. We look forward to your application.

Colgate-Palmolive is a leading global consumer products company, tightly focused on Oral Care, Personal Care, Home Care and Pet Nutrition. Colgate sells its products in over 200 countries and territories around the world under such internationally recognized brand names as Colgate, Palmolive, elmex, Tom’s of Maine, Sorriso, Speed Stick, Lady Speed Stick, Softsoap, Irish Spring, Protex, Sanex, Elta MD, PCA Skin, Ajax, Axion, Fabuloso, Soupline and Suavitel, as well as Hill’s Science Diet and Hill’s Prescription Diet. 

For more information about Colgate’s global business, visit the Company’s web site at http://www.colgatepalmolive.com. To learn more about Colgate Bright Smiles, Bright Futures® oral health education program, please visit http://www.colgatebsbf.com. To learn more about Hill's and the Hill’s Food, Shelter & Love program please visit http://www.hillspet.com. To learn more about Tom’s of Maine  please visit  http://www.tomsofmaine.com.

Reasonable accommodation during the application process is available for persons with disabilities. Please contact Application_Accommodation@colpal.com with the subject "Accommodation Request" should you require accommodation.


Nearest Major Market: Manhattan
Nearest Secondary Market: New York City

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