Consolidations ManagerIPG Photonics Corporation

About IPG Photonics

IPG Photonics is revolutionizing the laser industry as the pioneering developer and leading producer of fiber lasers and amplifiers. Headquartered in Marlborough, MA, IPG has over 4,800 employees in more than 30 locations around the world. We aspire to work together with our employees and customers to apply light in ways that improve life.

Our mission is to develop innovative laser solutions to make the world a better place. To accomplish this mission, we are committed to attracting and retaining the best talent in an engaged and thriving workforce that drives a sustainable future for our company and society.

Working at IPG Photonics you can expect challenging projects, a motivating and friendly environment, and competitive benefits.

At IPG Photonics, we are redefining what is possible through advanced laser technology and innovation. We are seeking a strategic and hands-on Consolidations Reporting Manager to lead the Company’s global financial consolidation process and manage key aspects of the SEC financial reporting process and reporting to the Company’s executive leadership team and Board of Directors. This role plays a key part in strengthening financial controls and advancing operational excellence as the organization continues to evolve and expand as a multinational manufacturing organization.

Why Join Us:

• High Visibility: Gain significant exposure to senior leadership and cross-functional teams including our world-wide finance team.
• Immediate Impact: Opportunity to make a tangible difference from day one, contributing to key financial process improvements and business critical analyses.
• Professional Development: Access to continuous learning and development programs to advance your skills and career.
• Innovative Environment: Work in a dynamic and forward-thinking organization that values creativity and innovation.
• Collaborative Culture: Be part of a supportive and collaborative multinational team that encourages knowledge sharing and teamwork.

About the Position

The Consolidations Reporting Manager will work in the Corporate Accounting and Financial Reporting Group based in Marlborough, MA on a hybrid basis.  The position will report to the Assistant Corporate Controller, will have two direct reports and have frequent interactions with various groups and stakeholders throughout IPG. The Consolidations Reporting Manager will be primarily responsible for organizing the global consolidation of financial results of more than 30 reporting units worldwide, facilitating the preparation of executive leadership team materials, board of director materials and SEC filings / earnings releases. You will work with subsidiary controllers and accounting personnel in each of the reporting locations to facilitate a successful month-end, quarter-end and year-end close. Other responsibilities are:

• Oversee the consolidation process, including reviewing entity submissions, to ensure all information is reconciled and all eliminations and consolidation entries are properly posted to comply with US GAAP, internal accounting policies and external reporting requirements.
• Develop and maintain process documentation, desktop procedures, and training materials related to consolidation and group reporting.
• Play an integral part of drafting and coordination of external SEC financial statement preparation including Form 10Q / 10K filings, public earning releases and presentations to executive management and IPG’s Board of Directors using Workiva.
• Prepare and / or review critical corporate accounting areas that may include stock-based compensation, corporate allocation charges, derivatives or other such areas.
• Be the subject matter expert and oversee monthly lease accounting activities in accordance with ASC 842.
• Work closely with technical accounting on various ad-hoc material accounting matters in-development and roll-out of new policies, as requested.
• Play a pivotal role in the integration of entities into the consolidation after acquisitions.
• Continuously enhance the efficiency, accuracy, and quality of information within the Planful consolidation system through the ongoing improvement of reports, data input templates and consolidation processes.
• Coordinate with local controllers and corporate accounting team on consolidation issues.
• Develop new input templates that add value to reporting and analysis.
• Assist with updating monthly management presentations using Workiva.
• Lead, develop and coach team members.
• Partner with Financial Planning and Analysis, Tax, Treasury and Investor Relations.
• Support special projects, ad hoc analysis, and management requests.

Key qualifications include:

• 6-10 years of progressive experience in consolidations and financial reporting, preferably in manufacturing
• Experience in SEC reporting and technical accounting, either as an auditor in a public accounting firm or in private industry
• Experience with Sarbanes Oxley control requirements
• Advanced skills and experience with financial accounting systems. We use Planful (formerly known as Host Analytics) but comparable experience with other systems such as SAP EPM, Oracle, BPC, Tagetik or OneStream is also pertinent
• Experience with Workiva would be a plus
• Deep knowledge of consolidation complexities such as multi-currency translation and intercompany eliminations, including intercompany profit in inventor
• Strong knowledge of US GAAP
• Good business acumen and the ability to apply the understanding of our business to reported results to identify potential issues or unusual items
• Excellent organization and teamwork skills
• A desire to continuously improve and refine systems, processes and data.
• Bachelor’s degree in the areas of Finance or Accounting. CPA or Master’s degree would be a plus.
• Strong Excel skills