Senior Manager, Financial Reporting

2 weeks ago

Toronto, Ontario, Canada Weight Watchers International, Inc. Full time

Senior Manager, Financial Reporting & Compliance page is loaded

Senior Manager, Financial Reporting & Compliance Apply locations Canada - Oakville Ontario, Canada time type Full time posted on Posted Yesterday job requisition id R

WW is looking for candidates to help change people's lives. We are a global wellness technology company inspiring millions of people to adopt healthy habits for real life. We do this through engaging digital experiences, face-to-face workshops and sustainable programs that encourage people to move more, shift their mindset and eat healthier while enjoying the foods they love. By drawing on over six decades of experience and expertise in behavioral science, we build communities in order to deliver wellness for all.

Role overview

Weight Watchers is looking for an experienced and detailed oriented Senior Manager of Financial Reporting and Compliance to join the North America team. The Senior Manager will be responsible for overseeing the preparation and analysis of financial reports, ensuring accuracy and compliance with regulatory standards. The ideal candidate will have extensive knowledge of accounting principles, strong leadership skills, and the ability to effectively communicate financial information to stakeholders.

Job Requirements:

Financial Reporting and Controlling :

  • Lead the month, quarter and year end close activities working in collaboration with Corporate Finance and Finance Shared Services. Establish and communicate month end and year end process & timelines to internal stakeholders.
  • Manage the monthly Revenue Recognition Accounting and gross-to-net adjustments including promotions and refunds. Utilize pricing models to account for revenue, liaising with Engineering and ERP teams where required.
  • Responsible for monthly financial reporting decks with focus on accuracy and value-added insights.
  • Identify, interpret and explain budget and expense variances; Identify corrective actions.
  • Complete statutory reporting requirements and government submissions (Canada taxes etc.).
  • Liaises with and ensures the accounting function is in compliance with audit requirements: purchase to pay, record to report, T&E, accounts receivable, account payables and payroll.
  • Work in collaboration with the shared services Tax team to complete Tax / Transfer pricing tasks.
  • Leads Quarter End Financial Close processes, including preparation and compilation of Balance Sheet Packs and Disclosure schedules.
  • Stay current on accounting standards and regulations, and provide guidance on technical accounting issues. Evaluate the impact of new accounting pronouncements on financial reporting.

Internal Controls:

  • Identify, mitigate and report on risk issues according to guidelines and ensure appropriate escalation processes are followed; raise nonstandard issues to relevant stakeholders and Finance Director, North America where required.
  • Implement and maintain effective internal controls over financial reporting. Monitor compliance with internal control procedures and identify areas for improvement.
  • Audit Support: Serve as the primary point of contact for internal auditors. Coordinate the quarterly and annual audit process and support Finance Director, North America with all auditor inquiries and requests.

Business Partnering/Projects:

  • Deliver top tier business partnering to the assigned business areas to drive performance, with focus on expense management, accounting and financial reporting.
  • Lead and/or participates in corporate driven projects/initiatives as well as process improvement initiatives as assigned or directed.
  • Applies judgment, discretion and collaborates with internal partners to navigate and resolve ambiguous issues.

Team Leadership:

  • Manage and mentor a team of specialists and designated accountants.
  • Review and approve journal entries and Balance Sheet reconciliations.
  • Lead the accounting team through Quarter End and Year End close processes.
  • Lead team to prepare framework to succinctly take complex data and translate it into clear and concise recommendations.
  • Ensure team collaboration with partners on business problems/issues and provide fact-based analytical advice that aligns to strategy and drives shareholder value.
  • Ensure the team leverages knowledge of data capabilities across the organization to build and deliver on business analytics and insights.
  • Provide guidance, leadership, mentorship and development to ensure operational results and professional and personal development objectives are achieved for the overall group.

Knowledge, Abilities and Experience:

  • CPA (Chartered Professional Accountant)
  • Extensive knowledge of GAAP and SEC regulations. Experience with SOX compliance is a must.
  • Proficiency with MS Office, analytical tools, and Internet applications.
  • Strong analytical and problem solving skills are required to interpret data and draw conclusions.
  • Deep knowledge and understanding of businesses and organizational practices and disciplines.

At WW, it is our priority to cultivate a diverse and inclusive workplace. We are committed as individuals, as an organization, and as fellow humans, to advocate for and support our employees, our members, and our communities. We are proud to be an equal opportunity employer and we do not discriminate on the basis of sex, race, color, creed, national origin, marital status, age, religion, sexual orientation, gender identity, gender expression, veteran status, or disability.

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