Financial Reporting Senior Analyst

at  Veoneer Romania Safety Systems

ABOUT VEONEER SAFETY SYSTEMS:

With sales of $916 million for the full year 2023, Veoneer is a world leader in Automotive Electronic Safety Systems. Veoneer’s scalable, best-in-class restraint control systems are saving lives by mitigating the effects of a car crash.
To date, the company has delivered more than 1 billion electronic control units and crash sensors to car manufacturers globally. In 2024, the company’s products are part of around 40 scheduled vehicle launches.
The company is building on a heritage of 70 years of automotive safety development. Veoneer is owned by AIP and has approximately 2,700 employees in 11 countries.

SPECIFIC RESPONSIBILITIES:

Role as the Financial Reporting Senior Analyst, reporting to the Financial Controller. Will support the consolidation of the Veoneer Group, including performing group eliminations, top-side entries, and performing financial analysis to ensure that the results are accurately reported. US GAAP Technical accounting responsible, including Credit Loss, Lease, Revenue Recognition, and new applicable standards.

WHAT YOU’LL DO?

• Support group reporting and consolidation in US GAAP
• Provide US GAAP accounting and reporting support to subsidiaries and operations
• Prepare and send out monthly/quarterly financial reporting instructions
• Perform consolidation of lease reconciliations and lease reporting
• Support local reporting entities in the Intercompany reconciliation, ensure consolidation of intercompany is properly recorded
• Responsible for performing the Quarterly Current Expected Credit Loss (“CECL”) model
• Record consolidation journal entries, including group taxes, inventory profit eliminations, revenue recognition
• Preparation of the annual financial statements, including footnotes, and quarterly reports
• Support external audit, provide documentation requested by auditors
• Perform the review of Revenue Recognition checklists, overall responsible for Revenue Recognition technical accounting
• Monthly and quarterly reconciliations of key accounts in HFM
• Ad-hoc analysis and reports as requested by management
• Continuous Improvement: Participate in process improvement initiatives to enhance the efficiency and effectiveness of financial reporting, analysis, and planning processes.