Overview
FM Global is a leading property insurer of the world’s largest businesses, providing more than one-third of FORTUNE 1000-size companies with engineering-based risk management and property insurance solutions. FM Global helps clients maintain continuity in their business operations by drawing upon state-of-the-art loss-prevention engineering and research; risk management skills and support services; tailored risk transfer capabilities; and superior financial strength. To do so, we rely on a dynamic, culturally diverse group of employees, working in more than 100 countries, in a variety of challenging roles.
This position is office-based in Waltham, MA and requires this employee to be on-site Monday through Wednesday, weekly, with some flexibility for remote work.
Responsibilities
Manages the month-end, quarter-end, and year-end closing process for FMRE reporting and related analysis:
Review and validation of the data file from the HBRE accounting system (Yardi) and the associated data transfer to FMIC’s corporate accounting system (PeopleSoft).
Reconciliation of financial data between accounting systems and coordination with real estate accounting and controller’s teams to resolve any variances.
Produces the annual consolidated FMRE financial statements and assists in the preparation of the annual budget:
Preparing the financial statements and related disclosures.
Working with the external and internal audit teams, HBRE and several finance departments throughout annual audit engagements to provide information and respond to inquiries as they arise.
Providing timely updates to management on audit progress and any significant issues encountered.
Working with various HBRE and finance teams for the FMRE annual budget preparation and submission.
Ensures FMIC and FMRE compliance to lease accounting standards under IFRS and US GAAP for real estate assets:
Review of all FMIC field offices real estate lease agreements and validation of financial reporting data in lease administration system (COROM).
Determination of lease classification, assesses renewal and termination options.
Monitoring and validation of changes in monthly charges and lease terms, assesses need for lease re-measurement.
Collaboration with financial services and controller’s teams providing amortization schedules and required monthly entries for local and consolidated reporting.
Plans and establishes workflow to ensure that all timelines are met, providing instruction and guidance to staff to facilitate the completion of assignments using established guidelines, procedures, and policies.
Management of staff performance against job accountabilities as well as individual and corporate objectives; and assistance to staff in the resolution of issues or problems as they arise, as well as providing feedback on job performance and opportunities for professional development.
Serving as the subject matter expert for real estate investment performance by monitoring, researching, interpreting, and implementing accounting rules and regulations.
Additional responsibilities include:
Responding to inquiries from finance senior management regarding financial results and ad hoc reporting requests.
Providing clear and concise analyses of key information for use by senior and executive management.
Ensuring that management is informed of significant issues on a timely basis.
Researching accounting and regulatory updates, determining applicability, and managing implementation.
Qualifications
- 4+ years of related professional work experience in accounting is required
- Bachelor’s degree in accounting or equivalent strongly preferred!
- Professional accounting qualification or certification (CPA) and/or master’s degree preferred
- Public accounting and/or corporate financial reporting experience preferred
- Advanced knowledge of generally accepted accounting principles (GAAP).
- Knowledge of current and developing financial reporting requirements, including supporting the implementation of changes for ongoing compliance, training, and communication.
- Ability to interpret accounting standard changes and summarize the impact to the company.
- Ability to work independently in a demanding, fast-paced, environment.
- Proficient with financial systems and standard software applications (Yardi, PeopleSoft, MS Office).
- Strong team leadership skills and results orientation; ability to motivate others in a deadline driven environment and fosters acceptance of change.
The salary range for this position is $104,000 to $149,500. The final salary offer will vary based on geographic location, individual education, skills, and experience. The position is eligible to participate in FM Global’s comprehensive Total Rewards program that includes an incentive plan, generous health and well-being programs, a 401(k) and pension plan, career development opportunities, tuition reimbursement, flexible work, time off allowances and much more.
FM Global is an Equal Opportunity Employer and is committed to attracting, developing, and retaining a diverse workforce.
Please note that full vaccination against COVID-19 is a condition of employment with FM Global in the U.S. and a condition of FM Global office entry in Canada. Further, all FM Global visitors, including external candidates interviewing onsite for open positions, are required to be fully vaccinated against COVID-19 and show proof of vaccination.