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Applied Fluid Power

Consolidations and Financial Reporting Manager

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The Manager, Consolidations and Financial Reporting is responsible for the month‑end consolidated close and internal financial reporting for Applied Industrial Technologies, a public company with revenues of $4.8 billion, with a legal entity structure of 70 entities, and a presence in seven countries. The incumbent is responsible for:

  • managing the monthly consolidated closing and financial reporting processes,
  • preparing internal and supporting external financial statements,
  • managing supporting consolidations systems,
  • ensuring adequate internal controls are established and operating for this function, and
  • complying with accounting practices, rules and regulations relevant to this role.

Key aspects of the role include:

  • controlling the consolidation accounting and intercompany eliminations;
  • maintaining a global chart of accounts;
  • understanding legal entity structures;
  • supporting both external and management reporting, including maintaining accounting records in profit and cost centers; and
  • developing and performing regular reporting to business partners.

The ideal candidate possesses a deep understanding of the closing and consolidation process, accounting practices, procedures and policies utilized to perform a consolidation of financial results through a consolidations tool (e.g. BPC, Hyperion, OneSource). This includes having a good understanding of the underlying ERP and accounting systems landscape to maintain the global books of record for the Company. This role requires a strong ability to collaborate across finance and at times, other functions, lead processes to timely meet deadlines, and support and manage change coming from company initiatives or as new regulations are enacted. The incumbent will interface with and coordinate the delivery of financial results with both the CAO and the financial planning and analysis (FP&A) teams to deliver accurate, timely consolidated financial statements and related reporting.

This position reports directly to the Director – Financial Reporting and Acquisition Accounting of Applied Industrial Technologies (Applied), a U.S.-based public company traded on the NYSE. The incumbent is also a key business partner to members of the senior management team and their direct reports to ensure there is sufficient understanding of consolidate financial results.

Qualifications:

  • Bachelor’s degree in accounting, finance, or related field; MBA or advanced degree preferred.
  • CPA or equivalent professional financial designation highly desirable.
  • At least 7 years of progressive experience in finance and accounting, preferably a minimum of 3 years in a large public accounting firm and in financial reporting, technical accounting, or a related field.
  • Experience with SEC reporting and public company disclosures, a plus.
  • Experience working with or in a U.S.-listed public company; global entities and multi-currency consolidations preferred.
  • Strong experience working with U.S. GAAP, including ASC 805 – Business Combinations, ASC 810 – Consolidations, and ASC 830 – Foreign Currency Matters.
  • Demonstrated experience overseeing financial operations, financial reporting or controlling in a multi-legal entity environment, preferably within manufacturing, retail, or multinational organizations.
  • Experience managing financial teams across multiple locations or managing cross-border teams and in a matrix organization through influence.
  • Demonstrated experience supporting external audits and SOX testing.

Additional Requirements:

  • This position is based in Cleveland, Ohio with limited travel to subsidiary offices or branch locations.

Founded in 1923, Applied Industrial Technologies (NYSE: AIT) is a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies. Our leading brands, specialized services, and comprehensive knowledge serve MRO and OEM end users in virtually all industrial markets through our multi-channel capabilities that provide choice, convenience, and expertise.

Applied Industrial Technologies is built on a philosophy that puts people first. We are an equal opportunity employer, and we are committed to a workforce in which we enforce fair treatment and provide growth opportunities for everyone. All qualified applicants will receive consideration for employment regardless of age, race, color, national origin, genetics, religion, gender, marital status, physical or mental disability, or any other characteristic protected by applicable laws, regulations, and ordinances.