Consolidations Manager

The Consolidations Manager oversees the intercompany and consolidation processes for Quanex. This role is responsible for end-to-end process of Intercompany Accounting such as, reviewing and verifying intercompany transactions, reviewing and resolving out of balance/intercompany reconciling items, and Intercompany account settlement. Handles multiple sites and complex transaction flows.

We Offer You!

• Competitive Salary
• Excellent Bonus Potential
• Medical, Dental & Vision Plans
• Paid Time Off, Training & Holidays
• Charitable Contribution Match Program
• Tuition Assistance
• Wellness/Fitness Resources
• Training & Professional Development
• 401K Match w/ 2-year Vesting Period
• Employee Stock Purchase Plan
• Dynamic Culture & People - just to name a few!

What's attractive about the Consolidations Manager position?

• Ability to influence and impact the business by overseeing the intercompany and consolidation processes
• Collaborative and Team-Oriented environment
• Work with leaders within the business from around the globe

What Success Looks Like:

• Conducts accounting and business research to resolve issues and lead the implementation of new accounting pronouncements when necessary
• Ensures the alignment of our company's accounting policies and procedures with our group's policies.
• Monitors the effectiveness of internal controls and adherence to delegation of authority guidelines, while actively participating in the implementation of new or ongoing internal control initiatives and improvements
• Reviews processes regularly to ensure best practices and effective processes are in place, whilst promoting automation initiatives where benefits outweigh the costs
• Coordinates with subsidiaries on reporting, including wholly owned operations and partially owned subsidiaries
• Prepares monthly consolidation and elimination entries to ensure the completeness and accuracy of all consolidated financial statements, including balance sheets, income statements, and cash flows
• Prepares and presents financial statements and related reports, ensuring all financial reports are delivered in a timely and accurate manner
• Assists with the coordination of annual independent external audits of financial statements under both IFRS and US GAAP
• Participates in monthly balancing of books and account reviews, prepare certain monthly journal entries, and present monthly financial statements
• Supports the interface and mapping database between accounting ERP records and the Group Reporting System (Onestream)
• Maintains and balances consolidation system by inputting and verifying data
• Analyzes data to determine root causes of discrepancies and coordination with other departments to resolve
• Develops and implements accounting procedures by analyzing current procedures; recommending changes

Your Credentials:

• Bachelor's Degree in Accounting or related field
• Minimum of three (3) years of accounting or financial analysis experience
• Demonstrate good understanding of basic accounting practices and financial systems
• SAP or other large ERP system experience Technical accounting research and memo's, ASC 842
• Big 4 or large multinational inhouse experience
• 5+ years experience, ideally closer to 10+
• CPA or in progress
• IFRS & GAAP
• Audit support
• Consolidations & elimination entries
• Variance analysis
• Accuracy and good organizational skills
• Excellent written and verbal communication skills
• Advanced knowledge of Excel spreadsheets and formulas
• Reconciliation
• Basis Financial Analysis
• Financial Systems and Process

The salary range for this position is $91,140 to $113,925 with bonus potential.

About Quanex, A Part of Something Bigger

Quanex (NYSE: NX) is a global, publicly traded manufacturing company primarily serving OEMs in the fenestration, cabinetry, solar, refrigeration and outdoor products markets. We are A Part of Something Bigger by improving the performance and aesthetics of end products through continuous innovation, helping customers achieve greater production efficiencies, dedication to giving back to communities where we operate, producing shareholder value and helping our employees learn, grow, and thrive. Learn more at Quanex.com.