Director of Technical Accounting and Financial Reporting

Director Of Technical Accounting And Financial Reporting

There's never been a better time to join our team. The thousands of ESAB associates located around the world share a common set of goals and values that drive our success and unparalleled innovation in fabrication technology and specialty gas control equipment. At ESAB, we value and respect everyone's uniqueness and know that our experiences as individuals strengthen our company. And we know that our ability to collaborate, transform, and empower one another is what makes us unstoppable.

With our culture of continuous improvement and innovation and our commitment to living our values, working at ESAB is a career experience like no other. We have more than 9,000 passionate associates in locations across six continents, and we empower our team members to shape the world we imagine every day.

If you have a strong desire to be part of a team that delivers cutting-edge innovations and solutions and positively impacts the community, please check out our career opportunities. We help serve a diverse range of industries such as healthcare, automotive, aerospace, renewable energy, robotics, shipbuilding, and so much more.

Position Overview

The Director of Technical Accounting and Financial Reporting will be part of the Corporate Controller and Chief Accounting Officer's financial reporting and controls group leading impact in the areas of global accounting policy, external financial reporting and compliance. The individual will have a strong executive presence coordinating up and down the corporate finance chain, as well as across different corporate functions and business platforms to drive the company's financial success.

This is a hybrid position based 3 days a week in North Bethesda, MD.

• Technical Accounting
  • Perform technical accounting research and advise on complex accounting policy and issues across all areas of US GAAP including debt/equity transactions, consolidation (analyzing VIEs and identifying Primary Beneficiaries), revenue recognition, stock-based compensation, consolidations, business combinations, divestitures, leases, impairment, derivatives, foreign currency accounting, and cash flow presentation
  • Prepare technical accounting memorandums documenting research performed and conclusions reached
  • Support the entity-wide implementation of technical accounting matters, including preparing journal entries, drafting accounting policies and procedures,
  • Leverage deep understanding of GAAP accounting principles and SEC Regulation S-X compliance in support of financial accounting and reporting considerations related to transactions.
  • Keep informed of new and evolving accounting standards and topics and lead entity-wide implementation of new accounting pronouncements
  • Communicate and support technical accounting analyses and conclusions with Controller, CFO, Audit Committee and external auditors.
  • Provide periodic training for global financial reporting group
• Complex Transactions Support
  • Conduct research and provide guidance on proposed complex transactions, including mergers and acquisitions, carve-outs and divestitures, to the Controller, CFO, business platforms and Audit Committee
  • Leverage deep understanding of GAAP accounting principles and SEC Regulation S-X compliance to advise and support the financial accounting and reporting considerations related to complex transactions
  • Lead the accounting approach and analysis of complex transactions and business combinations, including the impacts on closing balance sheet and purchase accounting from mergers and acquisitions
• Financial Reporting
  • Responsible for the Company's external filings, namely periodic SEC reports (Forms 10-K, 10-Q, 8-K)
  • Lead all aspects of external financial reporting to deliver filings in a complete, accurate and timely manner including but not limited to the following:
  • Delivery of the primary financial statements and footnote disclosures
  • Develop and execute against the periodic financial reporting calendar
  • Manage business platforms and executive management to ensure filing timelines are met
  • Respond to SEC comment letters, as appropriate
  • Assist with operational accounting matters and financial reporting process improvements
  • Work closely with VP of Investor Relations to ensure other external stakeholder presentations are complete, accurate and consistent with the company's strategic messaging
  • Coordinate with external auditors in all aspects of financial reporting
• Employee Benefit Plans
  • Lead the Employee Benefit Plan team and delivery of the company's US 401k and defined benefit plan, and a main contact point internally and with service providers (actuary, trustee, auditors) including regulatory agency audits (IRS)
  • Processes to oversee include but are not limited to the following:
  • Support HR in ensuring approved amendments are properly implemented into the plan's operations
  • Participate in Retirement Plan Committee Meetings, as requested, including preparation of financial presentations and…