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Adidas America Senior Director Consolidated Accounting & Legal Entity Controlling in Herzogenaurach, Germany
Senior Director Consolidated Accounting & Legal Entity Controlling
Purpose & Overall Relevance for the Organisation
Responsible for the preparation of the Group’s consolidated financial statements and related disclosures according to International Financial Reporting Standards (IFRS) and internal policies and guidelines. The consolidated financial statements are prepared to inform and report to internal and external stakeholders – e.g. Supervisory Board, Executive Board and investors’ community (through Investors Relation) – the performance, financial position and changes in financial position of the adidas Group.
Responsible for the accurate and timely preparation of the consolidated financial statements of the adidas Group including the relevant internal reporting on a monthly basis and the quaterly support for external reporting. The responsibility specifically includes:
Ensuring the correctness of the group consolidation
Accountable for the adequate handling of complex/ one-off accounting topics
All relevant IFRS policies are adhered to
Management of the external auditors and ensuring that the relevant year-end audit work (and other relevant audits, if relevant) is finalized on time
Ensuring and aligning of the correct reflection of non-management postings in the monthly actuals results
Steer the impairment tests required on Group level (i.e. Goodwill, Trademark) and for the statutory accounts of the major holding companies (i.e. for shareholdings)
Steer together with Corporate Tax, Treasury and Legal all activities relating to capital measurements (e.g. dividend payments, capital increases/reductions), the set-up of new entities and the overall legal entity structure including the required financial analysis/business cases (e.g. purchase price allocations, company valuations)
Continuously improve and challenge the status quo of processes regarding the area of responsibility
Manage and/or participate in special projects including cross functional projects on demand
Coach, lead and develop the teams and their members
Overall business owner of the “legal consolidation part” of GRAPE (consolidation/reporting system based on SAP SEM BCS) including relevant master data
Enforce the correct data delivery of subsidiaries financial statements through GRAPE
Interact and cooperate as an advisor for accounting and specific legal entity or process topics with peers and department heads of Corporate & GOPS Finance (e.g. Corporate Treasury, Corporate Tax) and Global Business Services as well as other Group Functions (e.g. Legal & Compliance, Operations / Customs), Market Finance Directors and local Finance Heads including their teams.
Collaborate with Corporate Planning & Performance Management and Investors Relation in the financial analysis and reporting to Senior Management and external stakeholders.
Act as one key adidas Group contact for external auditors (mainly Audit Partner & Audit Senior Manager) for the audit of the adidas Group financial statements and external consultants employed for project work.
Act as a representative of the adidas Group in working groups of the KonsAG (group of various German companies which are using SAP SEM BCS) and other external roundtables.
Knowledge, Skills and Abilities
Contemporary detailed knowledge of International Financial Reporting Standards (IFRS) as well as German law, specifically German Commercial Code (HGB) and German Cooperation Act (AktG), that is relevant for consolidated financial statements.
Comprehensive understanding of group consolidation processes
Knowledge of DCF (discounted cash flow) and other business / company valuation models
Ability to operate cross-functionally and understanding of external business drivers
Excellent organization and time management skills
Analytical mindset balanced with communication skills
Well-developed PC-skills (MS-Office), ideally SAP BCS (or other consolidation software)
Fluent in English and German
Requisite Education and Experience / Minimum Qualifications
Degree in Business Administration from a university or comparable institution with focus on accounting
Solid professional experience (at least 10 to 12 years) in an audit company or accounting department of an international corporation; practical experience in consolidation processes is a must
At adidas we have a winning culture. But to win, physical power is not enough. Just like athletes our employees need mental strength in their game. We foster the athlete‘s mindset through a set of behaviors that we want to enable and develop in our people and that are at the core of our unique company culture – the 3Cs: CONFIDENCE, COLLABORATION and CREATIVITY.
CONFIDENCE allows athletes to make quick decisions on the field, to reach higher. For us at adidas confidence means acknowledging that we don’t have all the answers. But we are willing to take risks, we try new things. And if we fail, then this is part of our learning – it helps us improve.
COLLABORATION . Every elite athlete relies on partners: coaches, teammates, and nutritionists. We, too, know that we are stronger together. Winning as one team takes open and candid dialogue, inclusiveness and trust in each other’s abilities and talents.
Being the best sports company in the world takes CREATIVITY . No great athlete succeeds by copying their predecessors’ training plans and strategies. We have to be open to new ideas, explore, gain an edge and stand out. Only then can we succeed.
adidas celebrates diversity, supports inclusiveness and encourages individual expression in our workplace. We do not tolerate the harassment or discrimination toward any of our applicants or employees. We are an Equal Opportunity Employer.
Job Title: Senior Director Consolidated Accounting & Legal Entity Controlling
TEAM: Accounting & Finance
Contract Type: Full time
Date: Feb 10, 2021