Tenneco is one of the world’s leading designer, manufacturers, and marketers of automotive products for original equipment and aftermarket customers, with approximately 66.000 team members working at more than 240 sites worldwide. Through our four business groups, DRiV, Ride Performance, Clean Air and Powertrain, Tenneco is driving advancements in global mobility by delivering technology solutions for diversified global markets, including light vehicle, commercial truck, off-highway, industrial, motorsport and the aftermarket.
This position is responsible the consolidation, preparation and reporting of external basis financial statements prepared in conformity with US GAAP as well as planning and coordination of monthly, quarterly and yearly close activities. The position may be based in Northville, Michigan and reports directly to the Finance Director of the company.
Essential Duties and Responsibilities
Required to proactively partner with other finance personnel on a global basis to ensure all close related activities are accurately completed on a timely basis.
Participate in monthly accounting review meetings with the business units, country controllers, and other corporate functions, such as tax, treasury, and legal, and coordinate follow-up items from these meetings.
Provide accurate and timely dissemination of financial reports.
Perform analytical review of operating results to ensure the accuracy of accounting records.
Prepare consolidating journal entries for actual results, forecasts, and budgets.
On occasion process post-close top-side journal entries on behalf of business units to facilitate timely closing of the books.
Coordinate pushdown of top-side entries to business units’ general ledger in subsequent month.
Identify and address accounting issues in a timely manner.
Prepare and distribute intercompany out of balance reports to the business units.
Prepare and distribute a monthly close communication to the users of the consolidation system.
Review account reconciliations and ensure exceptions are corrected on a timely basis for various accounts including intercompany accounts, unconsolidated affiliates, and investment and equity accounts.
Identify opportunities to simplify the current reporting and entity structure within the consolidation system.
Ensure adherence to all accounting policies and controls.
Ensure SOX requirements are met and compliance is maintained at all times.
Ensure all processes are appropriately documented and updated as needed.
Draft or update accounting policies for complex consolidation matters, such as noncontrolling interests, variable interest entities, and foreign currency related matters.
Support the external financial reporting group in preparation of quarterly and annual financial statement footnote disclosures.
Track and report on the progress of entity loads into the consolidation system during the monthly close.
Track late journal entries for review and approval by the Director of Global Consolidations.
Minimum Requirements
Education: Bachelor’s Degree in Accounting or Finance. Master’s Degree in Accounting preferred. CPA preferred.
Experience: 2 – 3 years of work experience in public accounting and/or industry with progressive increase in responsibility.
Skills
Big 4 Public Accounting Firm experience working with multinational publicly traded companies, preferably in the automotive manufacturing (OEM or OEM supplier) or aftermarket industry.
Strong technical accounting background in US GAAP.
Strong understanding of consolidation and foreign currency accounting theory.
Strong understanding and experience in the preparation of a full Income Statement, Balance Sheet and Cash Flow Statement are required.
An Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability.
