Turbocharging Finance Team Lead - General Accounting (80-100%)

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In November 2020, ABB announced the planned divestment of its Turbocharging Division. Turbocharging is a successful and profitable Division in a mature market and has been for long a highly self-reliant business within ABB. ABB has decided to take this step, acknowledging that for Turbocharging to realize its full potential going forward, a new setup is required. As the next step, alternative ownership options, including a spin-off to the Swiss stock market, will be assessed, considering value for customers, ABB and the future of the turbocharging business. Are you looking for a new challenge with the possibility to design and build-up a new organization? Become a part of a dedicated finance team supporting the Turbocharging business on the full spectrum of general accounting matters. Lead and drive the build-up of a dedicated general accounting team supporting the operations of the Turbocharging business. Closely work with and engage with business- and finance leaders to ensure efficient coverage of general accounting matters covering external- and internal reporting, investor relations. Ensure compliance with internal guidelines and procedures as well as external regulatory requirements.

Your responsibilities

• Design and Build-up general accounting function together with internal and external advisors. Lead a dedicated financial accounting team, mandated to design, separate and run general accounting for ABB’s Turbocharging business. Consider global and business specific requirements and take necessary decisions to ensure all accounting related requirements are adequately covered and are in line with the requirements stipulated by the business and legal set-up.
• Monthly closing: Oversee a portion of the month end close process for the accounting center including account reconciliation, preparation of various journal entries, and preparation of monthly balance sheet. Book monthly entries as necessary based on supporting documentation.
• Reporting: Ensure timely and accurate monthly, quarterly and annual reporting of reporting package and associated disclosures.
• Financial statement: Oversee preparation of financial statements in the appropriate format for inclusion in timely filings with regulatory agencies
• Accounting guidelines: Lead enforcement and implementation of internal accounting and reporting guidelines and compliance with external accounting regulations. Serve as a functional expert and assists with guideline interpretation for internal partner groups.
• Internal control: Ensure transparency in financial reporting and disclosures. Assist accounting management in defining and implementing internal controls regarding financial reporting compliance.
• Analysis: Perform analysis of accounts and highlight discrepancies/anomalies for correction. Serve as escalation point for complex accounting transactions.
• Optimization: Assist in developing and implementing processes and procedures, and continuously optimize to gain efficiency and drive productivity gains.
• Taxes: Execute preparation of company tax return and related tax processes. Perform tax activities related to direct tax, indirect tax. Execute and prepare analysis and reports as assigned and take appropriate actions as necessary.
• HR: Ensure (with HR Manager support) that the area of responsibility is properly organized, staffed, skilled and directed. Guide, motivate and develop direct and indirect subordinates within HR

Your background

• University degree (Bachelor/Master) plus further professional qualification
• At least 7 years professional experience in Financial Accounting function of a global company, with a strong focus on consolidation, Accounting & Reporting (internal/external)
• Excellent knowledge of Accounting Standards (US-GAAP)
• Strong track record in project management
• Managing diverse teams in executing and delivering results in an international environment within tight deadlines
• Recognized as strong team player and appreciated for collaboration and business partnering skills, with excellent business acumen
• Ability to navigate complex financial topics and translate results into recommendations for senior leadership
• Advanced aptitude in problem solving, including the ability see the big picture and to logically structure and implement an appropriate operational framework
• Strong financial and analytical skills
• Ability to effectively adhere to strict deadlines
• Strong communication, negotiation, leadership, and presentation skills
• Language German (C1) & English (C1)

More about us

ABB Turbocharging manufactures and maintains turbochargers for engines on ships, power stations, diesel locomotives and large, off-highway vehicles. We strive to be a trusted partner in supporting our customers transit towards sustainable industries with innovative technology, expertise and smart solutions. We look forward to receiving your application (documents submitted in English are appreciated). The recruiting process is being led by Hanspeter Müller, Talent Partner ABB Switzerland Ltd. If you want to discover more about ABB, take another look at our website www.abb.com. ABB Data Privacy Statement: https://new.abb.com/privacy-notice/candidate