Job Summary

Manages the global monthly financial close and consolidation and the issuance of internal management reports, and quarterly and annual consolidated financial statements, including footnote disclosures, prepared in accordance with U.S. Generally Accepted Accounting Principles (GAAP). Reviews all financial consolidation reports generated by the Hyperion Financial Management (HFM) application. Interprets financial accounting standards and recommends accounting policies to ensure company compliance. Works with international subsidiary personnel to communicate reporting instructions, research issues, explain variances and ensure financial reporting is in compliance with U.S. GAAP and company policy.

About the Role

Responsibilities:

Responsible for the global monthly and quarterly financial close and consolidation.Leads monthly consolidated close process and review of financial and statistical data received from subsidiaries of Mary Kay Inc. and Mary Kay Holding Corporation.Oversees and reviews the FX translation, consolidation, and intercompany eliminations in the HFM application. Prepares and reviews elimination entries as needed.Conducts thorough review of results for anomalies or unusual patterns. Recognizes when an abnormal transaction or error is material and understands the financial reporting and business impact.Communicates instructions and requirements for month end reporting. Responds to questions and assists with research relating to variances or other issues during the close process.Approves internal, external, and tax consolidations, and other recurring reports for management.Leads the preparation and distribution of the monthly and quarterly management financial reporting packages.Develops processes to improve efficiency in reporting and creates reports to improve transparency of key financial information needed for strategic decision-making.Responsible for the preparation, review, and distribution of quarterly and annual consolidated financial statements for Mary Kay Inc. and Mary Kay Holding Corporation prepared in accordance with U.S. GAAP. Works closely with independent auditors conducting interim reviews and annual audit.Prepares and reviews quarterly and annual consolidated financial statements distributed to shareholders and other external parties for Mary Kay Inc. and Mary Kay Holding Corporation, including all required statements and footnote disclosures.Ensures compliance with U.S. GAAP and other financial accounting and disclosure requirements as applicable.Prepares consolidated entries for deferred sales in accordance with ASC 606 requirements.Works with external valuation firm as requested by the Board of Directors or Shareholders to provide historical and forecasted data to obtain an independent valuation of company shares.Maintains approved distribution lists for financial data to ensure that confidential financial data is restricted to authorized individuals.Discusses complex accounting issues, provides expertise on the application of financial standards to Mary Kay’s global business operations and supports accounting positions.Creates and reviews interim and year end audit schedules as requested. Ensures audit schedules and other information requests are complete, accurate, and provided in accordance with established deadlines.Monitors efficiency of work performed by external auditors and recommends alternative procedures when applicable. Communicates issues to management as necessary.Responsible for accounting and financial reporting activities related to Independent NSD Programs, daily sales, surveys, and other audits and examinations.Responsible for monthly journal entries related to Independent NSD Programs. Coordinates the work of the external actuarial firm for valuations performed annually.Oversees completion of government census and economic surveys. Obtains information needed from other business partners and ensures data is reviewed and submitted timely.Partners with IT and FP&A on oversight of daily sales reporting via Tableau. Manages distribution list for access.Prepares reports and provides data in connection with annual appraisal and bank examination.Prepares and reviews ad hoc reporting as needed. Ensures data is shared confidentially through secure portals.Responsible for review of the Global Market Bonus Program Free Cash Flow and Global Corporate Division bonus model reports.Manages quarterly and annual reviews of Free Cash Flow bonus and Corporate Division bonus models reported from Hyperion Financial Planning for quarterly projections and HFM for actuals.Calculates and reviews data for FX adjustments, Independent NSD Program payments, investment market adjustments, and other adjustments as needed.Provides guidance to subsidiaries for recording incentive compensation expense in the general ledger based on the model results.Summarizes and consolidates data for management review.Modifies bonus model calculations and reports for changes to the program.Ensures company financial policies are up to date and communicated to reporting entities.Reviews new and proposed financial accounting standards to evaluate the impact on Company financial statements or accounting policies. Analyzes effects, determines alternatives and advises management of issues.Prepares or reviews new Company financial procedures and educates the global finance team as required.Reviews existing global finance procedures for effectiveness and applicability in correlation with changing processes and financial reporting requirements.Works closely with the U.S., region and subsidiary finance teams to understand current and changing business activities.Provides training related to company finance policies and U.S. GAAP, expertise in the interpretation and application of financial standards to unique and complex transactions and guidance for resolution of reporting and auditing issues.Manages the software applications used for financial consolidations and reporting U.S. GAAP and Company policies.Possesses working knowledge of the consolidation system.Responsible for oversight of global chart of accounts, entity structure, and creation of new departments and divisions. Understands requests for new chartfields, offers alternatives if applicable, and approves all changes.Participates in project teams for updates, upgrades. and other modifications to financial reporting systems.Assists with development of test scripts and system testing. Ensures that identified issues have been appropriately resolved.This job requires on-site work at a Mary Kay facility.

Skills & Experience

Experience: 7+ years of experience in Accounting

Education: Bachelor/University Degree in Accounting or Finance

Additional Skills & Abilities:

Must be firmly grounded in U.S Generally Accepted Accounting Principles (GAAP) and other financial accounting policies to interpret financial pronouncements and develop internal accounting procedures.Must have a solid background in financial systems and internal controls to ensure finance systems are maintained effectively and financial data is protected.Excellent oral and written communication skills are required to prepare written financial disclosure for lenders, work with Company executives on accounting and reporting issues, and interface with external auditors and finance personnel globally.Cultural awareness to work well with employees in subsidiaries all over the world.Internal Controls: Writes and reviews policies and procedures with an internal control mindset. Gives guidance on improving internal controls and policies and procedures within own area and with global business partners. Identifies issues with internal controls and makes recommendations for improvements.Influencing and Storytelling with Data: Organizes and structures presentations or communications in a way that is easily understandable to the audience. Uses judgement to validate that the data is relevant and used in the proper context. Develops stories and builds arguments using data and visuals that lead audiences to clear conclusions in ways that compel action. Builds and maintains trusting relationships by actively listening to stakeholders and backing up opinions with facts, knowledge, and logic. Understands the broader business and strategic goals of the Company.Technology: Utilizes digital tools to perform tasks at a high level of productivity. Identifies and supports transformation of processes with technology and evaluates the cost effectiveness, ROI, and key benefits of new or existing technologies. Identifies when use of digital tools is not effective or practical. Understands the HFM, ERP, RPA, and other systems used for accounting, financial reporting, and RPA functions and how these systems are integrated with other company systems. Can identify the risks, dependencies, and downstream effects when these systems and related systems or processes are modified.