Manager, Accounting Consolidations

Company: Komatsu
Location: Chicago
Posted on: May 1, 2025

Job Description:

Komatsu is an indispensable partner to the construction, mining, forestry, forklift, and industrial machinery markets, maximizing value for customers through innovative solutions. With a diverse line of products supported by our advanced IoT technologies, regional distribution channels, and a global service network, we tap into the power of data and technology to enhance safety and productivity while optimizing performance. Komatsu supports a myriad of markets, including housing, infrastructure, water, pipeline, minerals, automobile, aerospace, electronics and medical, through its many brands and subsidiaries, includingTimberPro, Joy, P&H, Montabert, Modular Mining Systems, Hensley Industries, NTC, and Gigaphoton.
Job Overview
This role is responsible for overseeing the global financial close and consolidation process for KAC and KMC, ensuring accurate and timely financial reporting in line with US GAAP and company policies. Key duties include managing SAP/BPC systems, foreign currency translation, intercompany transactions, financial analysis, and maintaining internal controls. The role supports the implementation and maintenance of financial tools like OneStream, handles SAP master data changes, and provides guidance to subsidiaries on reporting standards.

The Manager will lead a team of three accountants, fostering continuous improvement and staff development, while also serving as a key liaison for corporate reporting requests.
Key Job Responsibilities
* Responsible for the monthly execution of the global close process and financial statement consolidation for KAC and KMC.

* Manages the corporate consolidations financial process including utilizing and managing SAP/ BPC, global intercompany process, foreign currency translation and revaluation process, preparing prompt consolidated financial statements in accordance with company policies and US GAAP, and providing flux analysis and reporting.

* Analyze and ensure accuracy of subsidiary financial result reporting packages including operational results, balance sheet fluctuations, cash flows, and supporting schedules and footnotes through standardizing reporting instructions for all subsidiaries, providing training based on areas of concern, developing an error tracker, etc.

* Build out a comprehensive set of financial reporting tools and support the implementation and on-going maintenance of the OneStream software.

* Responsible for management of SAP master data changes including chart of accounts, consolidations mapping, department/cost center structures as well as profit center and functional area groups/hierarchies.

* Ensure audit and internal control compliance standards are maintained.

* Recommend and implement process enhancements and efficiencies around general accounting practices and procedures.

* Serve as a main point of contact for KLTD reporting requests and questions.

* Review and approve various additional key accounting tasks including monthly journal entries, accruals, balance sheet reconciliations, analysis, etc.

* Engage the team to embrace continuous improvement.

* Provide constructive feedback in the review process, proactively challenging the staff, as well as coaching and mentoring to help staff succeed.


Qualifications/Requirements
* Bachelor's degree in accounting or finance required.

* CPA or public accounting experience is desired.

* Minimum five years of experience including financial reporting, management and leadership experience.

* Experience with the consolidation process, including elimination entries, consolidating international entities with foreign currencies, preparing journal entries and maintaining general ledger is helpful.

* Knowledge of financial controls, practices and approaches and GAAP and SOX requirements.

* Strong analytical skills with good attention to detail.

* Good working knowledge of Consolidation systems - Business Planning & Consolidation Programs (BPC), OneStream, HFM, etc. is a plus.

* Good working skills with Microsoft applications and excellent working knowledge of Excel and Excel applications.

* Effective communication and interpersonal skills.

* Strong supervisory skills and proven experience leading accounting teams.

* Effective time and project management, prioritization and multi-tasking abilities.

* Process improvement skills with continuous improvement mindset.

* Ability to work effectively in a team as well as independently, as needed.

* Must be willing to work extended hours to meet critical deadlines.
Additional Information
Komatsu is an Equal Opportunity Workplace and an Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status.

Keywords: Komatsu, Rockford , Manager, Accounting Consolidations, Executive , Chicago, Illinois