More information about this job:

　　Overview:

　　FM Global is a leading property insurer of the world's largest businesses, providing more than one-third of FORTUNE 1000-size companies with engineering-based risk management and property insurance solutions. FM Global helps clients maintain continuity in their business operations by drawing upon state-of-the-art loss-prevention engineering and research; risk management skills and support services; tailored risk transfer capabilities; and superior financial strength. To do so, we rely on a dynamic, culturally diverse group of employees, working in more than 100 countries, in a variety of challenging roles.

　　Summary:

　　This position oversees and performs general accounting activities for Factory Mutual Insurance Company's (FMIC) corporate real estate portfolio and consolidated reporting of its real estate investment portfolio, also known as FMRE Holdings (FMRE).

　　This position is responsible for managing the issuance and related financial analyses of FMRE financial reports and annual budget. Preparation and issuance of these reports includes collaboration with various finance departments and Hobbs Brook Real Estate (HBRE) teams.

　　This position functions in a managerial capacity, which includes reviewing and approving analyses, journal entries, and monthly general ledger reconciliations. This position also provides support and coaching to staff and requires independent and sound managerial-level decision-making capabilities. This position manages staff workload by defining deliverables and communicating priorities.

　　Location & Schedule:

　　This is a full-time exempt position located in Waltham, MA. Four days per week are to be worked on-site, with flexibility to work remotely on either Tuesdays or Fridays, weekly, and based on business needs.

　　Responsibilities:

　　Manages the month-end, quarter-end, and year-end closing process for FMRE reporting and related analysis:

　　Review and validation of the data file from the HBRE accounting system (Yardi) and the associated data transfer to FMIC’s corporate accounting system (PeopleSoft).

　　Reconciliation of financial data between accounting systems and coordination with real estate accounting and controller’s teams to resolve any variances.

　　Review of intercompany transactions between FMRE business units and FMIC.

　　Produces the annual consolidated FMRE financial statements and assists in the preparation of the annual budget:

　　Preparing the financial statements and related disclosures.

　　Working with the external and internal audit teams, HBRE and several finance departments throughout annual audit engagements to provide information and respond to inquiries as they arise.

　　Providing timely updates to management on audit progress and any significant issues encountered.

　　Working with various HBRE and finance teams for the FMRE annual budget preparation and submission.

　　Ensures FMIC and FMRE compliance to lease accounting standards under IFRS and US GAAP for real estate assets:

　　Review of all FMIC field offices real estate lease agreements and validation of financial reporting data in lease administration system (COROM).

　　Determination of lease classification, renewal and termination options.

　　Monitoring and validation of changes in monthly charges and lease terms, assesses need for lease re-measurement.

　　Collaboration with financial services and controller's teams providing amortization schedules and required monthly entries for local and consolidated reporting.

　　Plans and establishes workflow to ensure that all deadlines are met, providing instruction and guidance to staff to facilitate the completion of assignments using established guidelines, procedures and policies.

　　Management of staff performance against job accountabilities as well as individual and corporate objectives; assistance to staff in the resolution of issues or problems as they arise, as well as providing feedback on job performance and opportunities for professional development.

　　Serving as the subject matter expert for real estate investment performance by monitoring, researching, interpreting, and implementing accounting rules and regulations.

　　Additional responsibilities include:

　　Responding to inquiries from finance senior management regarding financial results and ad hoc reporting requests.

　　Providing clear and concise analyses of key information for use by senior and executive management.

　　Ensuring that management is informed of significant issues on a timely basis.

　　Researching accounting and regulatory updates, determining applicability, and managing implementation.

　　Ensuring the documentation relating to the model audit rule (MAR) is accurate and up to date. Managing staff through completion of projects and non-routine deliverables, which may include system upgrades and enhancements.

　　Maintaining, updating, and ensuring compliance with policies and procedures for staff. Incorporating and recommending new technology or processes to improve the overall FMRE reporting process.

　　Operating independently under limited supervision.

　　Qualifications:

　　Required Work Experience:

　　5+ years of corporate accounting experience or related work experience is required.

　　Highly Preferred Work Experience:

　　5+ years of work experience in public accounting and/or corporate financial reporting experience is highly preferred.

　　Work experience in the real estate industry is preferred.

　　Required Education:

　　Bachelor’s degree is required.

　　Highly Preferred Education:

　　Bachelor’s degree with a focus in accounting is preferred.

　　Professional accounting certification (CPA) is preferred.

　　Master’s degree is preferred.

　　Required Skills:

　　Advanced knowledge of generally accepted accounting principles (GAAP).

　　Knowledge of current and developing financial reporting requirements, including supporting the implementation of changes for ongoing compliance, training, and communication.

　　Ability to interpret accounting standard changes and summarize the impact on the company.

　　Excellent interpersonal, written, and verbal communication skills.

　　Capable of balancing several deliverables and shifting priorities as needed.

　　Attention to detail, strong organizational skills, and ability to adjust analyses in a changing environment.

　　Strong analytical thinking and problem-solving skills with the ability to think and act independently.

　　Ability to work independently in a demanding, fast-paced, and deadline-oriented environment.

　　Proficient with financial systems and standard software applications (Yardi, PeopleSoft, MS Office).

　　Strong team leadership skills and results orientation; ability to motivate others in a deadline driven environment and fosters acceptance of change.

　　Highly Preferred Skills:

　　Working experience financial statements preparation and analysis.

　　Experience in managing month-end and year-end close processes.

　　Familiarity with lease accounting and consolidated reporting.

　　Knowledge of audit procedures and internal controls.

　　Experience in budgeting and forecasting.

　　The hiring range for this position is $114,300.00-$164,200.00 annually. The final salary offer will vary based on individual education, skills, and experience. The position is eligible to participate in FM Global’s comprehensive Total Rewards program that includes an incentive plan, generous health and well-being programs, a 401(k) and pension plan, career development opportunities, tuition reimbursement, flexible work, time off allowances and much more.

　　FM Global is an Equal Opportunity Employer and is committed to attracting, developing, and retaining a diverse workforce.