Job description:
Provides advice and guidelines to meet the requirements set by the rules of accounting (Mexican, American, and international), coordinates the compliance on time and form of information requirements requested by the National Banking Commission, Bolsa Mexicana de Valores, Central Bank, NAFIN, banks and tax administration service as well as requests for information made by external investors or agencies assessment of each of the entities of the group as well as those applied in a consolidated manner.
- Ensures the information required for the preparation of presentations to investors is kept up to date and correct, coordinates the review and release to Corporate.
- Plans the process to ensure compliance with quarterly and annual requirements requested by Corporate for each entity in the group.
- Coordinates the preparation of the annual financial reports of all the Mexico Group entities, as well as the preparation of the consolidated reports up to its release on the part of the external auditors and Corporate.
- Participates in the identification of areas of opportunity to increase efficiency and accuracy in the generation of financial information.
- Participates in the definition and implementation of new projects aimed at reducing complexity in the generation of financial information.
Requirements:
Ø General Accounting, NIF, US GAAP’s, Derivates accounting, Banking Commission Regulations, Bolsa de valores y internal control, IFRS, MS Office, Cartesis, Cyberquery and GTS.
Ø Leadership, analytical, excellent bilingual oral & written, presentation skills, teamwork, precision information, effective under pressure.
Ø Initiative, responsibility, ethical, honest, commitment, goal oriented, control oriented sense of urgency.
Specific activities:
1. Coordinates with each entity Controller, the delivery of quarterly or annual financial information area for review, validation and processing. Obtains financial information from Treasury, Legal and Tax departments in compliance to the CNBV and BMV requirements. Reviews the final “draft” report with the information to be sent to BMW and CNBV, to ensure that the information report is correct.
2. Sends financial information of the Company to the BMV through Emisnet, which is prepared by the Department of financial reporting and informs BMV CNBV, rating agencies and Company’s executives via e-mail by appending the financial report files and acknowledgements of message receipts either quarterly or annual. It is important that information sent to the BMV and CNBV is sent once corporate has released their quarterly or annual information (Quarterly Press release), but complying with the time frame in Mexico established by the CNBV.
3. Assures that the information reported to the BMV through Emisnet, is immediately uploaded to the Internet site.
4. Assures that the quarterly financial information is sent to the BMV and CNBV via conventional mail the Company’s consolidated annual report and the delivery letters must be sent in a printed version.
5. Coordinates and participates with Controllers of each group entity, Treasury, Tax and Legal departments on the defining the information considered appropriate to present to investors on their next meeting to offer Company’s commercial paper.
6. Ensures that the presentation for investors includes the current corporate information released for that purpose and coordinates the review of the final “draft” presentation with the Finance Director, Financial Controller, Treasurer and corporate to obtain the release of the final presentation with information presented in a public manner of the Company.
7. Coordinates and reviews during the annual preparation process of the financial statements of each entity, the individual information presented by each entity as well as the financial consolidated statement.
8. Acts as one of the principal contact to CNBV, BMW, NAFIN, banks, (Standard & Poors, Fitch) rating agencies and external Auditors (E&Y), is the mediator that will ensure the understanding of additional information required by the above agencies to each of the group entities.
9. Coordinates and ensures the annual process for compliance on time of the information in the forms and reports required by the corporate as well as quarterly requirements arising from specific needs.
10. Checks and ensures that all information is prepared in compliance with financial reporting standards and the U.S. accounting principles (USGAAP) such as internal information or distributed to third parties, providing guidance and guidelines to follow.
11. Ensures the compliance of financial information standards and regulations applicable to perform analysis or accounts classifications revisions. Coordinates the USGAAP training program in Mexico.
12. Prepares responses to the questions and attends requirements generated by the rating agencies providing the support required to address the questions once the quarterly or annual information is presented in a timely manner. It should be noted that the above does not excuse the responsibility of each entity Controller.
13. Ensures the delivery of quarterly and annual financial information to banks (BBVA and Banamex) and NAFIN, coordinates the preparation of the additional information requested by the banks and NAFIN, maintaining communication with the Treasury area and each of the entities in the group.
14. Acts as the contact with the corresponding actuary to validate and ensure the delivery of information of each entity to obtain the actuarial study of the pension plan and seniority premium coordinates and participates in the review of information in order that the specialized department performs the transfer pricing study.
15. Ensures the proper registration of the pension plan, seniority premium and severance compensation package of each group entity according to the applicable financial reporting standard.
16. Keeps updated on new regulations or guidelines published by the Mexican Institute of public accountants, in the Official Journal of the Federation, BMW, CNBV, stock markets, US GAAPS, international accounting standards (IFRS) and coordinates their implementation in each of the entities in the group as appropriate or responding to queries on the part of the entities.
17. Coordinates and advises the Company’s entities the application and training as required when the corporate Financial Reporting department develops new policies and procedures arising from new accounting standards.
18. Verifies in coordination with the controller of the financial companies, the correct instruments of financial derivatives based on the C-10 bulletin and FAS-133, in the financial companies.
19. Ensures that the financial reporting staff sends the monthly calendar to each of the entities in the group with the list of required reports (RFI - Request for Information) to meet the financial obligations.
20. Actively participates in special projects advising on accounting, preparation and presentation of financial information, as well as in the definition and identifying areas of opportunity to increase efficiency and automation accuracy in the generation of financial information of the Company’s entities.
