The Senior Financial Analyst based in London is part of the Global Close & Consolidation team. This position has a highly visible role within NBCU鈥檚 Controllership Group and requires interaction and relationship management with a number of high impact stakeholders.
This position will be responsible for providing support and assistance for all close and consolidation aspects of the close cycles for various NBCU Business Units (Theatrical, Home Entertainment, Channels, Television Production). Tasks relate to, but are not limited to, performing various checks to ensure proper reporting, monitoring the intracompany process, partnering with controllers on FX related matters, communicating corrections that need to be made by the Business Units, posting manual/late journal entries as a Corporate Super User, and assisting the immediate team in LA as needed.
The role has a solid reporting line to the Consolidation and Reporting Manager based in London. This position will be the key contact person for all the finance tasks that have been outsourced to the Accenture team of 2 to 3 persons, the outsourced finance partner in India.
Responsibilities include but are not limited to the intracompany, month end checks (FX accounting & system consistency checks) and Comcast reporting processes.
Intracompany
- Responsible for monitoring and controlling the NBCU intracompany (IC) process (balance sheet and P&L):
- Maintenance of master data
- Settlement process, liaising with Treasury and Corporate teams
- Prepare and post eliminations to eliminate intracompany balances as part of group reporting
- Perform checks to ensure IC balances eliminate at a consolidated level
- Advise and resolve errors/issues in the IC process
- Monitor FX on IC balances
- Analyze processes and identify areas for process improvements
- Training & education of users on the IC workflow tool
Month End Processes (FX Accounting & System Consistency Checks)
- Actively participates in and contributes to monthly and quarterly close processes, including assistance with performing foreign currency translation checks, SAP system checks, balance sheet and P&L checks, account reconciliations etc.
- Perform analysis on balance sheet accounts to differentiate variances due to operational activity versus FX for reporting
- Perform analysis to identify adjustments required when translating the balance sheet at the spot end of month rate versus the approximate end of month rate
- Analyse the fair market value of existing FX hedges and record impact of fair market valuation at the corporate level and on behalf of the businesses to ensure all hedging activity is recorded on the ledger appropriately
Comcast Reporting
- Generate data files of NBCU鈥檚 results and upload to NBCU鈥檚 parent company Comcast鈥檚 consolidation system
- Resolve any errors with the data loads in a timely basis
- Perform reconciliations between NBCU and Comcast ledgers and investigate and resolve any differences on a timely basis
- Reconcile FX translation variances between NBCU and Comcast and analyze and resolve differences in a timely manner
Ad Hoc
- Work closely with the Accenture team lead to ensure all the outsourced accounting activities are performed as agreed; work with NBCU鈥檚 Fin Ops team and governance groups to support performance metrics on outsourced work and identifying areas for improvement.
- Partner with the business and broader finance community to provide financial expertise on projects. Continuous improvement projects that we are currently working on relate to intracompany settlement and FX remeasurement and FX translation process.
- Provide ad-hoc reporting and analysis (including for non-finance departments).
- Help build a strong Close and Consolidation team that strives for high standards of performance and service delivery to the various Business Units. Develop and leverage key relationships with NBCU Controllership community (Controllers, Corporate Teams in NY and LA), demonstrating a high level of cultural consciousness. Collaboration and flexibility are a critical part of the role.
- Assist immediate team in LA as needed (e.g., close and consolidation procedures, ad hoc projects, etc.)
- The assigned tasks vary in complexity, but all need to be treated with the same diligence in terms of accuracy and timely reporting.
- Participate in discussions related to functional design, system controls, and requirements from a finance/controllership perspective.
- Any other responsibilities as required