Main Responsibilities and Required Skills for Reporting Manager
A Reporting Manager is a professional who is responsible for developing and implementing controls and process design around financial reporting. They perform ad hoc financial analysis, prepare financial statements, and ensure compliance with reporting requirements. In this blog post we describe the primary responsibilities and the most in-demand hard and soft skills for Reporting Managers.
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Main Responsibilities of Reporting Manager
The following list describes the typical responsibilities of a Reporting Manager:
Advise
Advise internal team with regards to patterns and relationships in the data.
Advocate
Advocate for client needs and struggles by providing feedback to internal partners.
Analyze
Analyze business, process and systems performance, and identify improvement opportunities.
Analyze system data proactively to identify bottleneck, trends and compliance risks.
Analyze the requests for validity based on a legal summary of disclosure requirements.
Anticipate
Anticipate reporting issues and prevent them at the structuring stage.
Assist
Assist in creating and maintaining new report templates and dashboards.
Assist in ensuring compliance with SEC and U.S. GAAP reporting requirements.
Assist in evaluation of new processes within accounting system.
Assist in expanding the financial reporting platform across the Organization.
Assist in improving, documentation and monitoring of internal controls.
Assist in prioritizing IT requests.
Assist in research and documenting requirements under IFRS 9.
Assist in the annual external audited financial statements as required under client agreements.
Assist in the design of regulatory set-up for new products.
Assist in the development of strategic plans.
Assist other Tax managers and staff with regard to tax reporting and planning.
Assist VP, Tax and Treasury with implementation of corporate tax policy.
Assist with annual external audit process.
Assist with implementation of controls and process design around financial reporting.
Assist with production of the FCA quarterly return and annual returns.
Assist with Technical Accounting Research, support and implementation.
Assist with the Accounts Payable Process.
Assist with the oversight of risk management and credit activities.
Assist with XBRL review process.
Attend
Attend knowledge and training sessions for reporting requirements as they evolve.
Build
Build and own excellent client relationships.
Build change management plans of varying scope and type.
Coach
Coach and contribute to the development of junior accounting team members.
Collaborate with
Collaborate with the business systems team, including configuration of financial reporting tool.
Communicate
Communicate timely value-added insight to managers and executives.
Complete
Complete assigned tasks within established deadlines.
Complete monthly reports with various groups, such as bank groups, or other parties.
Complete other special projects or tasks assigned.
Contribute to
Contribute to development of procedures and policies related to operational processes.
Coordinate
Coordinate and develop written policies and procedures on an ongoing basis.
Coordinate, develop and update written policies and procedures over the financial reporting process.
Coordinate the quarterly reviews and annual audit engagement by persuasively engaging with diverse.
Coordinate with other ITS managers to implement connectivity to business applications.
Define
Define and align data points included in reports, both across and within asset classes.
Design
Design process changes for review and approval by Senior Manager and Director Finance.
Determine
Determine the financial impact of initiatives / strategic decisions.
Develop
Develop and implement tax planning strategy to reduce overall tax expense.
Develop and maintain dashboard and report documentation.
Develop automated tools and visualizations to provide real-time insights to business data.
Develop collaborative working relationships with financial leadership from other lines of business.
Develop customer requirements into an approved project charter and process documentation.
Develop governance processes with notifications and guidance to developers and team leaders.
Develop, implement and evolve project practices and reporting standards to the organisation.
Develop, lead, mentor and motivate the financial reporting team members.
Develop, optimize and tailor standardized dashboards such as traffic, conversion & margin dashboards.
Develop standards and processes to clean database records.
Direct
Direct oversight of a team of qualified actuaries and senior students.
Document
Document and manage Alteryx Designer licenses.
Educate
Educate Management / Business on current reporting offering to ensure full utilization.
Ensure
Ensure accuracy and consistency of database information and formatting.
Ensure compliance with local, state and federal tax laws.
Ensure continuity and timely reporting on an ongoing basis.
Ensure financial reporting is in compliance with Canadian and US GAAP.
Ensure project milestones and department goals are met, while adhering to approved budgets.
Ensure prompt responses and processing on all email inquiries and phone inquiries.
Ensure solutions are aligned with business and enterprise goals.
Ensure team is achieving accuracy and meeting pre-determined deadlines.
Ensure that the standard reporting pack is relevant, accurate, reliable and timely.
Ensure the business units comply with any Sector specific controls and limits.
Escalate
Escalate issues to the appropriate decision maker.
Evaluate
Evaluate and quantify value of new features and functionality to inform site development.
Evaluate and recommends process improvements, resulting in better client service and cost reduction.
Evaluate existing process and procedures documentation and testing.
Exposure
Exposure to more complex accounting standards such as IFRS 9, IFRS 15 and IFRS 16.
Facilitate
Facilitate greater democratization of our data sets to a wider user range.
Focus on
Focus on process improvement and scalable solutions to reporting requirements.
Handle
Handle ad-hoc analysis and reports.
Handle forecast at reporting consolidation level.
Help
Help maintain the management architecture of user management and financial systems.
Help manage the year end audit as well as an interim audit for a recently acquired business.
Identify
Identify and implement process improvements to increase efficiency and effectiveness.
Identify emerging issues and trends to inform decision-making.
Identify and drive cost reduction initiatives.
Identify remedial actions on current bespoke client reporting deliverables.
Implement
Implement and maintain disclosure controls.
Include
Include transfer and removing licenses.
Influence
Influence and negotiate to achieve business objectives.
Input
Input of various regulatory measures for ALCO reporting.
Keep up to date with
Keep up to date with developments in regulatory requirements.
Lead
Lead accounting / disclosure guidance adoptions.
Lead and ensure completion of control documentation over goodwill analysis.
Lead / collaborate with others to drive success of team / department / organization.
Lead the preparation and review of month-end reporting duties of the financial reporting team.
Lead the production of periodic reports.
Lead the quarterly non-GAAP and SAB 99 information.
Learn
Learn and understand significant, complex and / or large-scale businesses.
Leverage
Leverage industry research and analysis.
Leverage reporting templates to build out of ‘standard' suite of reports for SMAs.
Liaise with
Liaise closely with auditors and provide information as required.
Maintain
Maintain and document regulatory controls and procedures.
Maintain expert knowledge of current and potential data sources.
Maintain the server to optimize uptime.
Make
Make recommendations to senior leaders based on business case and analysis.
Make operational decisions (i.e. process changes).
Manage
Manage administration of stock award activity.
Manage financial reporting function and ensure compliance under IFRS.
Manage monthly reporting process, including reconciliations and analysis of related accounts.
Manage on the regular basis pre-defined set of mid-month, month-end Corporate reports.
Manage the accounting for Group items such as share schemes, goodwill and exceptional items.
Manage the coordination & analysis of financial and operational highlights of the business.
Monitor
Monitor deadlines and milestones following up with relevant owners and escalating issues as needed.
Monitor Global Market Bulletins and notify client of any new requirements.
Oversee
Oversee and manage projects to enhance data reporting and data entry in CRM software.
Oversee monthly closing routines and reporting / reconciliations for Supply Chain.
Oversee preparation of month end flux analysis for Senior Manager and Director Finance review.
Oversee staff performing these same tasks and be there point of escalation for resolving issues.
Own
Own the internal and external reporting requirements.
Participate in
Participate in compilation of MD&A, ensuring completeness and accuracy of disclosures.
Participate in local and regional, and global meetings (where required) on above areas.
Participate in the annual audit and quarterly review process with external auditors.
Participate in the local Risk Management meetings where required.
Perform
Perform ad hoc financial analysis as needed.
Perform benchmark analysis of the MD& A and press releases with peers.
Perform discrete allocated project work under direct or indirect supervision.
Perform regular audits to ensure data integrity and quality.
Plan
Plan, schedule, and manage the daily workflow of one or more client relationships.
Post
Post all press releases and coordinate with IRROC market surveillance.
Prepare
Prepare and or review full sets of audited consolidated financial statements with note disclosures.
Prepare and provide training for new corporate initiatives.
Prepare balance sheet reconciliations.
Prepare Canadian Statutory Financial Statements for assigned Canadian Entities.
Prepare Divisional monthly finance reports - internal and to Chicago.
Prepare external and internal regional and global ad hoc financial reports.
Prepare financial statements in accordance with IFRS.
Prepare journal entries for items as they relate to stock-based compensation, guidance.
Prepare local VAT returns.
Prepare monthly financial performance update deck in term of P&L, BS, Marketing activities analysis.
Prepare monthly financial statements including statements of cash flows.
Prepare necessary account and intercompany account reconciliations.
Prepare or review forecasts and actual analysis for share count and stock-based compensation.
Prepare or review legal entity financial reports to be used for statutory purposes.
Prepare or review policies, processes, and procedures.
Prepare periodic audit schedules.
Prepare pre-lim Sales and P&L Performance statement for EPD management review.
Prepare stock-based compensation financial reporting.
Prepare support for all filings (including cash flow statement and disclosure checklists).
Produce
Produce ad-hoc reporting as needed (e.g. decks, dashboards, reports, etc.).
Promote
Promote and complete all activities in line with internal standards (SOPS, Job Aids etc.).
Promote change through Root Cause Analysis from Risk events completed.
Provide
Provide commentary for monthly management reporting - including variances to budget and forecast.
Provide guidance and mentorship to other team members.
Provide guidance to analysts and assist in problem solving.
Provide input and support managing Quality system analysis documentation schedules and sample plans.
Provide leadership and mentoring to other team members.
Provide leadership to both direct and indirect reports.
Provide mentoring, coaching and guidance to all team members.
Provide ongoing oversight to mitigate risk.
Provide periodic metrics of productivity.
Provide ROI reporting in support of projects & pilots.
Provide secondary review of client reports.
Provide subject matter expertise for all server related issues and resolve any server related issues.
Provide support to the Controller where appropriate.
Raise
Raise and escalate any issues and concerns with ITS management and / or business process owners.
Recommend
Recommend and implement major process improvements.
Respond to
Respond to internal and external stakeholder requests for ad hoc analysis.
Review
Review alignment of reporting deadlines against data availability to improve client experience.
Review all output for completeness and accuracy.
Review annual proxy filing and 8-Ks as needed.
Review, document and make improvements to systems and controls.
Review monthly reconciliations.
Review / prepare other PRA reports as required.
Review / prepare the monthly LCR and PRA110 reports.
Review requests for additions or modifications to the chart of accounts.
Review workflow, layout, and dashboard development.
Suggest
Suggest solutions for complex and multifaceted issues associated with these discussions.
Support
Support key projects arising from the Client Reporting Group.
Support operations for any technical accounting queries.
Support preparation of annual Proxy Filing.
Support quarterly compliance checks / OEC reporting.
Support the management of the Quality Systems Team as needed.
Support the team with month-end / quarter-end / year-end close.
Take
Take ownership of the Planning & Reporting functions in Supply Chain Finance.
Understand
Understand enterprise level data flows across all firm-wide systems impacting client reporting.
Understand market requirements and client needs for reporting and analytics.
Understand the principles of Training and Competence.
Update
Update department process flowcharts and other key SOX control documentation as-needed.
Use
Use quantitative approach (SPC, Six Sigma, Lean / DMAIC, etc.).
Work with
Work closely with accounting on various tasks and projects.
Work effectively with other Finance Departments including taxation and FP&A.
Work with others service teams to deliver reporting, planning and forecasting requirements.
Most In-demand Hard Skills
The following list describes the most required technical skills of a Reporting Manager:
Public Accounting
Reporting
SQL
Microsoft Office
Analysis
SEC Reporting
Most In-demand Soft Skills
The following list describes the most required soft skills of a Reporting Manager:
Written and oral communication skills
Analytical ability
Problem-solving attitude
Interpersonal skills
Attention to detail
Organizational capacity
Leadership
Detail-oriented
Self-motivated
Time-management
Organized
Planning
Presentation
Self-starter
Work ethic
Positive attitude
Proactive
Work independently with little direction
Change and new challenges
Collaborative
