LEC Manager (Legal Entity Controllership)

Important Information:

• Work Schedule: Mid-shift (3PM-12MN)
• Hybrid work set-up of 2-3x a week onsite work.
• Work Location: BGC, Taguig

THE RGP CONSULTING EXPERIENCE

RGP has a unique consulting model that provides opportunities for consultants to work in different ways. Most consultants work in a model where they have the flexibility and autonomy to choose projects aligning to their experience, skills and desired lifestyle. Other opportunities exist in team-based, strategy and solutions work. In all models, you will feel the full support of RGP to assist you in your work and guide you on your chosen path.

LEC Manager (Legal Entity Controllership)

The Legal Entity Controller role primarily oversees the legal entity (LE) financial close process, financial reporting process, ensuring the integrity and precision of the LE financial statements, tax filings, reporting packages, and other relevant reports.

In the context of local audits, the Legal Entity Controller plays a key role in ensuring that audits are on track, and statutory financial statements are published on time. Additionally, the role is instrumental in supporting the implementation and maintenance of requisite financial policies, risk control procedures, standard operating procedures, and internal control measures.

Key Responsibilities

• Gain a thorough understanding of each legal entity’s jurisdiction to grasp the financial accounting and reporting procedures, bearing in mind the complexities and effect of local laws on the overall company’s financial protocols.
• Spearhead the timely assembly, submission, and sign off of financial statements, which includes the Balance Sheet, Profit & Loss, Cash Flow, alongside local tax requirements, internal reporting packages, and other mandatory reports in alignment with established accounting standards.
• Review and approve complex journal entries prepared by accounting teams.
• Lead the close process, which includes month-end, quarter-end, and year-end accounts for each legal entity within their jurisdiction. Ensure quality and timely execution of close activities and work in unison with the Finance Operations teams to ensure thorough completion of both sub-ledger and general ledger closures.
• Manage and execute meaningful financial reviews for areas in scope.  Responsible for the preparation of legal entity actuals variance analysis to track and explain any fluctuation in financial numbers.
• Collaborate and partner with key stakeholders including other Finance Operations teams, BU, BUF , Tax, external (PWC, EY, DT, etc.).
• Oversee internal controls and introduce enhancements as necessary to safeguard the integrity of financial information.
• Liaise with BU Finance teams to understand trends that may influence LE reporting and tax compliance due to local regulations.
• Collaborate with Regional Controller, Consolidations, and Technical Accounting teams to address intricate accounting issues.
• Regular and timely update to immediate manager, Senior Legal Entity Controller – particularly on issues impacting the team, close process and key stakeholders. Escalate any issues or potential complications concerning complex accounting matters to the attention of the immediate manager for prompt and effective resolution.
• Ensure compliance with accounting standards, WWP, key controls, DTP
• Lead statutory audits of assigned legal entity and ensure timely completion and submission of financial statements.
• Review statutory financial statements in line with local accounting standards.
• Monitor the progress of local audits, supplying necessary aid as required.
• Demonstrate the capability to manage and supervise a team of Legal Entity Accountants.
• Perform other tasks as deemed necessary by the immediate manager such as preparation of adhoc reports and analyses.

Stakeholder Interaction:

• Local Finance Director and/or General Manager

• The LE Controller will closely support the local FD and/or GM related to all matters pertaining to entity results, financial statements, local filings, and compliance.

• Consolidations and Technical Accounting

• The LE Controller will actively connect with the Consolidations and the Technical Accounting team for guidance on complex accounting matters.

• BU Finance

• LE Controller will support BU Finance teams with regards to providing data for month-end performance analysis.

• Regional Controllers / Senior Legal Entity Controller

• The LE Controller will connect with the regional controllers on complex matters pertaining to entity financial reporting documents and other local filings, audit requests, etc.

Job Qualifications

• A minimum of a bachelor’s degree is required in Finance / Accounting.
• Strong auditing background and/or strong foundation on technical financial accounting standards
• Fluent in English, confident in presenting to senior management in English. Other languages desired
• CPA or related professional certification preferred.
• At least 10 years of proven experience in controllership or related functions, preferably in a multinational company.
• At least 5 years of Management / Supervisory experience is required.
• Deep understanding of accounting principles, financial legislation, and regulatory standards.
• US GAAP reporting experience is a plus
• Strong leadership skills with the ability to manage and develop a team.
• Strong analytical, strategic planning, and decision-making skills.
• Excellent interpersonal and communication skills.
• Ability to work in a fast-paced environment and manage well through ambiguity and complexity.
• Proficient in accounting software (e.g. SAP) and Microsoft Office Suite.