Financial Reporting Specialist

Job Description

Job Description

Financial Reporting Specialist

Position Overview

We are seeking a detail-oriented Financial Reporting Specialist to join our finance team. This role is responsible for creating comprehensive financial reports, supporting external audit processes, ensuring compliance with banking covenant requirements, and managing consolidated financial reporting across multiple entities.

Key Responsibilities

Financial Reporting

• Build and maintain financial reports using various accounting software platforms
• Develop automated reporting processes to improve efficiency and accuracy
• Create, maintain, and support various business units with budget preparation and forecasting processes

Consolidated Financial Reporting

• Prepare consolidated financial statements for multiple legal entities and subsidiaries
• Perform consolidation adjustments including intercompany eliminations
• Ensure proper application of consolidation accounting principles and standards

External Audit Support

• Support external audit activities throughout the audit cycle
• Assist with audit report preparation
• Respond to auditor requests for reporting and variance analysis

Bank Covenant Reporting

• Monitor and report on bank covenant compliance on a regular basis
• Calculate and track key financial ratios and metrics required by lending agreements
• Prepare detailed covenant compliance reports for banking partners
• Identify potential covenant violations early and recommend corrective actions
• Maintain documentation supporting covenant calculations and assumptions

General Duties

• Support budget preparation and variance analysis
• Maintain accurate and organized financial records
• Participate in process improvement initiatives
• Collaborate with cross-functional teams to ensure data accuracy
• Ability to collaborate effectively with business unit leaders on financial planning

Required Qualifications

Education & Experience

• Bachelor's degree in Accounting, Finance, or related field
• 5+ years of experience in financial reporting or public accounting
• Experience with consolidated financial reporting and multi-entity accounting required

Technical Skills

• Advanced Microsoft Excel skills (pivot tables, VLOOKUP, financial modeling)
• Experience with financial reporting tools and databases
• Budgeting and forecasting software experience
• Knowledge of GAAP and financial statement preparation

Core Competencies

• Strong analytical and problem-solving abilities
• Excellent attention to detail and accuracy
• Effective written and verbal communication skills
• Ability to work under tight deadlines and manage multiple priorities