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JOB DESCRIPTION

Consolidation Accountant

Role Overview

The role of Consolidation Accountant is an important one within a company, although it is not well known to the general public. Financial consolidators work mainly for large groups, investment funds or family holding companies. They report directly to the finance department and work closely with the finance departments of the company's subsidiaries.

The main role of a Financial Consolidation Accountantis to prepare and produce a consolidated balance sheet based on the accounting balance sheets and financial statements of each subsidiary of the group. This single balance sheet provides an overview of the financial health of the group as a whole.

The Consolidation Accountant then consolidates the accounts to enable decision-makers to develop effective financial strategies. This accountant is the main point of contact for the auditors.

 

Alternative Job Titles

  • Consolidator
  • Consolidation Officer
  • Accountant or Consolidation Controller
  • Accounting Manager
  • Chief Financial Officer
  • Management Controller

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Missions principales

Main Responsibilities

The Consolidation Accountant is responsible for presenting the accounts for the entire company. They are responsible for analysing and verifying the financial data of all companies. They then consolidate the accounts, ensuring that all the information provided by each subsidiary complies with local, European and international standards.

The Consolidation Accountant designs the group's financial reports and prepares a single consolidated financial statement for senior management, shareholders and legal bodies. To ensure effective consolidation, this accountant is personally involved in each company to ensure that accounting processes are standardised. In this way, they can guarantee the legality of the group's operations.

The Financial Consolidation Accountant participates in the preparation of the group's provisional budgets based on previous years' results. He or she must be able to manage financial risks by identifying weaknesses and proposing solutions to limit them.

Competencies

 

  • Mastery of accounting standards: Local and International IFRS, SOX, LSF. In addition, they must have a good knowledge of tax and legal standards.
  • Proficiency in numerous IT tools: the Financial Consolidation Accountant must be able to work with consolidation tools and advanced accounting software: SAP BFC, ORACLE, Safran, FCRS, Eagle One AS Conso, Cognos, Sage, Reuters, BO Finance, J.D. Edwards, etc.
  • Perfect command of accounting and financial techniques: this is the very basis of the Consolidation Specialist's job. This skill must be accompanied by a particular ease with figures and financial mathematics.
  • Proficiency in English: logical, since it is the language of international communication. In their job, consolidators must be able to communicate with the finance departments of subsidiaries abroad. They must be able to fully understand financial reports written in this language.
Missions principales

Education & Training

  • Master's degree in accounting, control and auditing
  • Higher Diploma in Accounting and Management
  • Diploma from a school specialising in finance (master's degree, MSc)
  • Business school diploma with a finance option

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