Corporate Acquisition and Divestiture Accounting Specialist
Apply NowCompany: EATON
Location: Beachwood, OH 44122
Description:
Eaton's Corporate Sector division is currently seeking a Corporate Acquisition and Divestiture Accounting Specialist.
The expected annual salary range for this role is $108749.97 - $159499.96 a year.
Please note the salary information shown above is a general guideline only. Salaries are based upon candidate skills, experience, and qualifications, as well as market and business considerations.
What you'll do:
Eaton's Corporate Sector is currently seeking a Specialist, Corporate Acquisition and Divestiture Accounting to join our team. This position is based at our North American HQ in Beachwood, OH with hybrid work available.
Position Overview:
The primary function of this role is to lead and support analysis associated with the accounting and financial due diligence of acquisitions and divestitures globally. This role will also play a crucial part in financial reporting for acquisitions and divestitures, integration support, and accounting for formal restructuring programs. This position also collaborates with the business finance team on unique and complex transactions.
Job Responsibilities:
Advise the operations on acquisition accounting and appropriate purchase price accounting adjustments
Work closely with third party valuation firms and the acquired operations to support the fixed asset and intangible valuation process for acquired businesses
Reconcile, review and analyze appraised fixed asset and intangible values to obtain management approval and ensure correct values are loaded in Eaton's financial systems
Collect, analyze and organize documentation required to support purchase accounting adjustments and work with the acquired operations to record them
Manage goodwill, intangibles and other accounts of acquired businesses and prepare management reporting
Provide accounting insight and analysis related to divested businesses and assist in the preparation and recording of entries required to recognize the proper gain/loss on sale
Liaison with external and internal auditors to explain acquisition accounting and provide detailed supporting documentation
Assist with ongoing accounting and impairment testing related to acquired businesses
Support and perform buy-side due diligence over acquisitions and strategic investment targets, with a focus on quality of earnings, net working capital and debt considerations, forecast, financial analysis, and financial reporting considerations.
Liaise with third party diligence firms conducting diligence on acquisition targets (when diligence has been outsourced for larger projects).
Support sell-side financial due diligence efforts as needed.
Communicate key diligence findings to Corporate Development & Planning and Legal teams.
Assist with research and interpretation of U.S. GAAP and Eaton financial policies on accounting matters applicable to acquisition and divestiture activities.
Assist business integration teams with the execution of finance integration activities.
Support closing balance sheet review and purchase price settlement process.
Lead and support accounting for multi-year restructuring program to ensure compliance with financial reporting requirements.
Qualifications:
Required (Basic) Qualifications:
Bachelor's degree from an accredited institution required.
Minimum four (4) years of Accounting / Finance Experience required.
No relocation benefit is being offered for this position. Only candidates within a 50-mile radius of Beachwood, OH will be considered. Active-Duty Military Service member candidates are exempt from the geographical area limitation.
Must be able to work in the United States without corporate sponsorship now and within the future.
Preferred qualifications:
Prior deals and due diligence experience
Master's Degree from an accredited institution
Certified Public Accountant (CPA) or Chartered Financial Analyst (CFA), a plus.
Skills:
Position Criteria:
Strong leadership skills
Highly developed strategic/analytical thinking
Ability to express the complex in simple, easy-to-grasp ways, verbally and in writing
Is curious, inquisitive and comfortable challenging the status quo
Working knowledge of US GAAP
Strong drive for results
Attention to detail and accuracy
Ability to prioritize and multi-task to resolve issues and make decisions with minimal supervision
Can work easily with a diverse set of people to get things done with and through others
Working knowledge of financial systems such as Oracle, SAP, and FCCS
Proficient use of Microsoft Excel, Word and PowerPoint applications.
Up to 25% travel required
We are committed to ensuring equal employment opportunities for all job applicants and employees. Employment decisions are based upon job-related reasons regardless of an applicant's race, color, religion, sex, sexual orientation, gender identity, age, national origin, disability, marital status, genetic information, protected veteran status, or any other status protected by law.
Eaton believes in second chance employment. Qualified applicants with arrest or conviction history will be considered regardless of their arrest or conviction history, consistent with the Los Angeles County Fair Chance Ordinance, the California Fair Chance Act and other local laws.
You do not need to disclose your conviction history or participate in a background check until a conditional job offer is made to you. After making a conditional offer and running a background check, if Eaton is concerned about conviction that is directly related to the job, you will be given the chance to explain the circumstances surrounding the conviction, provide mitigating evidence, or challenge the accuracy of the background report.
To request a disability-related reasonable accommodation to assist you in your job search, application, or interview process, please call us at 1-800-836-6345 to discuss your specific need. Only accommodation requests will be accepted by this phone number.
We know that good benefit programs are important to employees and their families. Eaton provides various Health and Welfare benefits as well as Retirement benefits, and several programs that provide for paid and unpaid time away from work. Click here for more detail: Eaton Benefits Overview. Please note that specific programs and options available to an employee may depend on eligibility factors such as geographic location, date of hire, and the applicability of collective bargaining agreements.
The expected annual salary range for this role is $108749.97 - $159499.96 a year.
Please note the salary information shown above is a general guideline only. Salaries are based upon candidate skills, experience, and qualifications, as well as market and business considerations.
What you'll do:
Eaton's Corporate Sector is currently seeking a Specialist, Corporate Acquisition and Divestiture Accounting to join our team. This position is based at our North American HQ in Beachwood, OH with hybrid work available.
Position Overview:
The primary function of this role is to lead and support analysis associated with the accounting and financial due diligence of acquisitions and divestitures globally. This role will also play a crucial part in financial reporting for acquisitions and divestitures, integration support, and accounting for formal restructuring programs. This position also collaborates with the business finance team on unique and complex transactions.
Job Responsibilities:
Advise the operations on acquisition accounting and appropriate purchase price accounting adjustments
Work closely with third party valuation firms and the acquired operations to support the fixed asset and intangible valuation process for acquired businesses
Reconcile, review and analyze appraised fixed asset and intangible values to obtain management approval and ensure correct values are loaded in Eaton's financial systems
Collect, analyze and organize documentation required to support purchase accounting adjustments and work with the acquired operations to record them
Manage goodwill, intangibles and other accounts of acquired businesses and prepare management reporting
Provide accounting insight and analysis related to divested businesses and assist in the preparation and recording of entries required to recognize the proper gain/loss on sale
Liaison with external and internal auditors to explain acquisition accounting and provide detailed supporting documentation
Assist with ongoing accounting and impairment testing related to acquired businesses
Support and perform buy-side due diligence over acquisitions and strategic investment targets, with a focus on quality of earnings, net working capital and debt considerations, forecast, financial analysis, and financial reporting considerations.
Liaise with third party diligence firms conducting diligence on acquisition targets (when diligence has been outsourced for larger projects).
Support sell-side financial due diligence efforts as needed.
Communicate key diligence findings to Corporate Development & Planning and Legal teams.
Assist with research and interpretation of U.S. GAAP and Eaton financial policies on accounting matters applicable to acquisition and divestiture activities.
Assist business integration teams with the execution of finance integration activities.
Support closing balance sheet review and purchase price settlement process.
Lead and support accounting for multi-year restructuring program to ensure compliance with financial reporting requirements.
Qualifications:
Required (Basic) Qualifications:
Bachelor's degree from an accredited institution required.
Minimum four (4) years of Accounting / Finance Experience required.
No relocation benefit is being offered for this position. Only candidates within a 50-mile radius of Beachwood, OH will be considered. Active-Duty Military Service member candidates are exempt from the geographical area limitation.
Must be able to work in the United States without corporate sponsorship now and within the future.
Preferred qualifications:
Prior deals and due diligence experience
Master's Degree from an accredited institution
Certified Public Accountant (CPA) or Chartered Financial Analyst (CFA), a plus.
Skills:
Position Criteria:
Strong leadership skills
Highly developed strategic/analytical thinking
Ability to express the complex in simple, easy-to-grasp ways, verbally and in writing
Is curious, inquisitive and comfortable challenging the status quo
Working knowledge of US GAAP
Strong drive for results
Attention to detail and accuracy
Ability to prioritize and multi-task to resolve issues and make decisions with minimal supervision
Can work easily with a diverse set of people to get things done with and through others
Working knowledge of financial systems such as Oracle, SAP, and FCCS
Proficient use of Microsoft Excel, Word and PowerPoint applications.
Up to 25% travel required
We are committed to ensuring equal employment opportunities for all job applicants and employees. Employment decisions are based upon job-related reasons regardless of an applicant's race, color, religion, sex, sexual orientation, gender identity, age, national origin, disability, marital status, genetic information, protected veteran status, or any other status protected by law.
Eaton believes in second chance employment. Qualified applicants with arrest or conviction history will be considered regardless of their arrest or conviction history, consistent with the Los Angeles County Fair Chance Ordinance, the California Fair Chance Act and other local laws.
You do not need to disclose your conviction history or participate in a background check until a conditional job offer is made to you. After making a conditional offer and running a background check, if Eaton is concerned about conviction that is directly related to the job, you will be given the chance to explain the circumstances surrounding the conviction, provide mitigating evidence, or challenge the accuracy of the background report.
To request a disability-related reasonable accommodation to assist you in your job search, application, or interview process, please call us at 1-800-836-6345 to discuss your specific need. Only accommodation requests will be accepted by this phone number.
We know that good benefit programs are important to employees and their families. Eaton provides various Health and Welfare benefits as well as Retirement benefits, and several programs that provide for paid and unpaid time away from work. Click here for more detail: Eaton Benefits Overview. Please note that specific programs and options available to an employee may depend on eligibility factors such as geographic location, date of hire, and the applicability of collective bargaining agreements.