Manager, Financial Operations

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Role Summary

The Manager, Financial Operations supports the Otis World Headquarters Corporate Controllers organization across a broad range of accounting, controllership and financial reporting responsibilities. The role will primarily support Financial Operations while also assisting with Pension and Benefits accounting and other Controller organization priorities as needed.

This position is responsible for general ledger accounting, month-end close, account reconciliations, financial analysis, internal controls and special projects. The Manager will independently research and resolve accounting matters, analyze underlying financial activity, support technical accounting conclusions and work cross-functionally across Otis’ multinational organization to promote accurate financial reporting and effective financial controls.

Key Responsibilities

Accounting and Month-End Close

• Perform and review general ledger accounting activities, including journal entries, transaction research and analysis of account activity.
• Support the monthly, quarterly and annual close processes, including the investigation and resolution of unusual, incomplete or incorrectly recorded transactions.

• Own assigned accounting matters and projects through resolution, coordinating with stakeholders and maintaining appropriate supporting documentation.

• Analyze general ledger activity and underlying transactions across accounts payable, purchase orders and related financial systems to assess accuracy, completeness and appropriate accounting treatment.

• Prepare and review account reconciliations and support the timely resolution of reconciling items.
• Prepare reclassification and correcting journal entries as necessary.
• Support other close and corporate accounting processes within the Controller organization as assigned.

Financial Analysis and Commentary

• Prepare account level, departmental and other financial analyses, including the investigation of significant actual-to-plan, actual-to-forecast and period-over-period variances.

• Work with stakeholders to understand underlying business and accounting drivers and develop clear, supportable financial commentary for management review.

Technical Accounting, Controls and Compliance

• Research accounting matters and support the development and documentation of conclusions under U.S. GAAP.

• Support internal control, compliance, and audit activities, including Sarbanes-Oxley requirements and related documentation.

• Identify control, accounting or process issues and work with stakeholders to develop practical resolutions.

• Drive effective account reconciliation governance, including reconciliation quality, appropriate ownership and timely resolution of reconciling items.

Pension and Benefits Accounting

• Assist with accounting and reporting activities related to pension and employee benefit plans.

• Support pension and benefit plan audits, including the preparation of supporting schedules and coordination of audit requests.

• Prepare related financial statement footnote disclosures for SEC reporting.

• Perform or review employee benefit plan reconciliations and related control activities.

• Assist with relevant service-provider control report reviews and related compliance activities.

Business Partnership and Special Projects

• Partner cross-functionally with teams across Otis, including global and corporate functions, to support accounting, reporting, and controllership activities.

• Support special projects, process improvements, and emerging priorities across the Controller organization as needed.

Experience and Qualifications

Required Qualifications

• Bachelor’s degree in Accounting, Finance or a related field.

• Five to seven years of relevant accounting experience, preferably in a corporate accounting, controllership or financial-reporting environment.

• Strong knowledge of general ledger accounting, journal entries, account reconciliations, month-end close and financial analysis.

• Strong working knowledge of U.S. GAAP and internal controls.

• Experience researching and resolving accounting and transactional issues.

• Strong Microsoft Excel skills, including experience analyzing and reconciling large or complex data sets.

• Experience working with enterprise general ledger and financial-reporting systems.

• Ability to prioritize accounting matters based on financial impact, risk and business requirements.

• Ability to clearly communicate accounting issues, analyses and conclusions and work effectively with finance and non-finance stakeholders across functions and organizational levels.

• Demonstrated initiative and ability to work independently, manage competing priorities and adapt to changing business and organizational needs.

• Demonstrated ability to identify process inefficiencies and develop practical improvements to accounting, reporting, or control processes.

Preferred Qualifications

• Certified Public Accountant designation or progress toward certification.
• Experience with JDE, Hyperion Financial Management, BlackLine or comparable financial systems.
• Experience with SEC reporting, employee benefit accounting or pension audits.
• Experience in a large, complex or multinational corporate environment.

The salary range for this role is $120,000-$140,000. Pay within the salary range will be based on several factors including, but not limited to, relevant education, qualifications, certifications, experience, skills, seniority, geographic location, performance, and business or organizational needs.

If you live in a city, chances are we will give you a lift or play a role in keeping you moving every day.

Otis is the world’s leading elevator and escalator manufacturing, installation, and service company. We move 2.4 billion people every day and maintain approximately 2.4 million customer units worldwide, the industry's largest Service portfolio.

You may recognize our products in some of the world’s most famous landmarks including the Eiffel Tower, Empire State Building, Burj Khalifa and the Petronas Twin Towers! We are 72,000 people strong, including engineers, digital technology experts, sales, and functional specialists, as well as factory and field technicians, all committed to meeting the diverse needs of our customers and passengers in more than 200 countries and territories worldwide. We are proud to be a diverse, global team with a proven legacy of innovation that continues to be the bedrock of a fast-moving, high-performance company.

When you join Otis, you become part of an innovative global industry leader with a resilient business model. You’ll belong to a diverse, trusted, and caring community where your contributions, and the skills and capabilities you’ll gain working alongside the best and brightest, keep us connected and on the cutting edge. 

We provide opportunities, training, and resources, that build leadership and capabilities in Sales, Field, Engineering and Major Projects and our Employee Scholar Program is a notable point of pride, through which Otis sponsors colleagues to pursue degrees or certification programs.

Today, our focus more than ever is on people. As a global, people-powered company, we put people – passengers, customers, and colleagues – at the center of everything we do. We are guided by our values that we call our Three Absolutes – prioritizing Safety, Ethics, Quality in all that we do. If you would like to learn more about environmental, social and governance (ESG) at Otis click here.

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