Head of Consolidation

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As a global leader in satellite communications, we provide infinite connectivity, broadcasting television channels and packages, transmitting news reports, provide wholesale broadband Internet access services.

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Where your skills ignite opportunities & you will elevate your skills in a stretching, rewarding, and meaningful environment. At Eutelsat Group, we’re united by inclusion and diversity, striving for gender balance and social responsibility, on Earth and in Space.

Who You Are: 

The Head of Consolidation plays a critical role in overseeing and managing the consolidation process within the finance department of Eutelsat Communications. This position requires strong financial acumen, leadership skills, and the ability to ensure accurate and timely consolidation of financial data from various business units or subsidiaries. The Head of Consolidation reports to the Director of Accounting, Consolidation and Internal Controls and collaborates closely with other finance teams and stakeholders. The Head of Consolidation is responsible for the quality and timeliness of monthly, half yearly and annual consolidated accounts and reporting of the Group in IFRS.

You’ll manage the consolidation team with strong interactions with accounting, tax, treasury, controlling of the HQ and affiliates. You’ll be the internal main IFRS expert in the Group. As such, you’ll review customer contracts before they are signed to ensure the contracts are compliant with finance procedures and brings advice to commercial teams on the content of financial clauses of the contract. You’ll oversee monthly cash reporting in coordination with treasury and controlling as well as cash forecasts and budgets. You’ll ensures IT tools are optimized for consolidation and cash management and leads IT projects related to consolidation and reporting tools when necessary.

What You’ll Do:

• Consolidation Process Management: Lead and manage the consolidation process to ensure timely and accurate reporting of financial results. Develop and maintain consolidation policies, procedures, and controls to support financial integrity and compliance with accounting standards.
• Financial Reporting: Prepare consolidated financial statements, including balance sheets, income statements, and cash flow statements, in accordance with Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS). Ensure compliance with regulatory requirements and provide insights into financial performance to support decision-making.
• Intercompany Transactions: Oversee intercompany transactions and reconciliations to eliminate duplicative or erroneous entries and ensure proper elimination of intercompany balances. Coordinate with business units or subsidiaries to resolve any discrepancies or issues in a timely manner.
• Financial Analysis: Conduct financial analysis and variance analysis to identify trends, risks, and opportunities impacting the consolidated financial results. Provide meaningful insights and recommendations to senior management to support strategic planning and decision-making processes. Participate monthly cash reporting including cash flow forecasts and the budget.
• Process Improvement: Continuously assess and improve the consolidation process, systems, and tools to enhance efficiency, accuracy, and transparency. Implement best practices and automation solutions to streamline consolidation activities and reduce manual efforts.
• Stakeholder Communication: Collaborate with internal stakeholders, including finance teams, business units, and senior management, to communicate consolidated financial results, explain key drivers of performance, and address inquiries or concerns. Serve as a subject matter expert on consolidation-related matters and provide guidance as needed.
• Audit and Compliance: Support internal and external audit activities related to consolidation, including audit planning, preparation of audit schedules, and resolution of audit findings. Ensure compliance with relevant accounting standards, regulations, and internal controls.
• Team Leadership: Manage and develop a team of consolidation professionals, providing guidance, coaching, and performance feedback. Foster a culture of collaboration, accountability, and continuous learning within the consolidation team.

The role of Head of Consolidation is pivotal in ensuring the accuracy, integrity, and timeliness of consolidated financial reporting, thereby supporting informed decision-making and driving organizational success.

What it Takes: 

• At least 8 years of experience in consolidation or external audit or transaction services in Big 4 audit firm with exposure to complex and international financial topics.
• Extensive experience in financial consolidation, financial reporting, and analysis, preferably in a multinational organization or public accounting firm.
• Master’s degree in accounting, finance, or related field; CPA or relevant professional certification preferred.
• In-depth knowledge of accounting principles (GAAP/IFRS), consolidation techniques, and financial reporting requirements.
• Good skills in IT tools and projects
• Fluency in English and French
• Proficiency in financial systems and consolidation software (e.g., OneStream, SAP BPC, Hyperion Financial Management).
• Excellent communication skills with the ability to effectively interact with stakeholders at all levels.
• Rigor, autonomy, team spirit, keen to learn.
• Interest for business related topics and transversal understanding of finance management
• Ethics and lead-by-example behavior
• Strong analytical skills with the ability to interpret complex financial data and trends.
• Leadership capabilities with a proven track record of leading teams and driving results.
• Detail-oriented with a commitment to accuracy and integrity in financial reporting.
• Strategic thinker with the ability to identify opportunities for process improvement and innovation.

Where You’ll Be: Issy-Les-Moulineaux, France

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This role is a Eutelsat Group job opening; all of our open roles are posted on the current OneWeb and Eutelsat websites. Please note that when you are applying, your application may be seen by both teams.