Accounting Director

Lead the preparation, review, and ongoing monitoring of the company’s financial statements in full compliance with International Financial Reporting Standards (IFRS) and internal accounting and financial policies. This role ensures regulatory compliance, financial integrity, and operational accountability across all business units.

Key Responsibilities

Daily Activities

• Supervise the daily accounting close, including revenue recognition and invoicing for all business units.
• Ensure accurate electronic invoicing of all income and expenditures.
• Oversee daily cash closings in accordance with corporate cash management policies.
• Perform daily bank reconciliations to maintain financial accuracy.

Monthly Activities

• Develop and enforce accounting policies and internal controls.
• Prepare monthly financial statements and financial packages.
• Review accounting journal entries to maintain organizational financial health.
• Record and provision fixed and extraordinary expenses, annual bonuses, depreciation, amortizations, expense allocations, reclassifications, and barter transactions.
  • Provision of revenues related to FSA, warranties, incentives, and F&I.
  • Correction entries for system errors.
  • Foreign exchange revaluation entries.
• Account for invoices and charges related to TSM (e.g., FSA, warranties, balance out, etc.).
• Prepare supporting documentation for month-end closing, including:
  • Depreciation schedules (MXN and USD)
  • Annual bonus accrual schedules
  • Monthly provision reconciliations
  • Profit margin analysis by department
  • VAT and transfer reconciliations
  • Purchase reconciliations
  • Subsidiary account reconciliations
  • Floor plan interest calculations and provisions
  • Payroll accounting and disbursement
• Prepare consolidated financial reports
• Prepare and file federal taxes (VAT and ISR).
• Support the preparation of annual tax filings and related schedules.

Biannual Activities

• Prepare and submit monthly/annual tax-related documentation:
  • VAT and Income Tax returns
  • Tax withholdings
  • Vendor integration and VAT refund applications
  • Reports on cash transactions
  • DIOT (third-party transactions)
  • Annual economic reports
  • Foreign investment reports (as applicable)
• Coordinate with external auditors:
  • Provide documentation for preliminary and year-end audits
  • Support statutory audit requirements and annual tax opinion deliverables
• Participate in physical inventory counts:
  • Adjust system reports for inventory accuracy
  • Report inventory variances to senior management
  • Post accounting adjustments as needed

Annual Activities

• Submit the Inventory Destruction Report based on physical inventory counts.
• Monitor and analyze newly published government regulations affecting the business.
• Prepare and file the Annual Foreign Investment Report, including:
  • DIOT and annual informative filings
  • Referenced payment declaration
• Lead the preparation of the Annual Business Plan and Budget for each business unit in Mexico.
• File the company’s Annual Tax Return.
• Submit annual compliance reports related to foreign investment under trade treaties (TLC/TLP).

THE CANDIDATE

Required Technical Competencies

• General Accounting
• Tax Compliance and Reporting
• Bank Reconciliations
• Analytical Schedule Management
• Prepaid Insurance Accounting
• Journal Entry and Check Preparation
• Up-to-date knowledge of tax reforms related to income and deductions

Key Soft Skills

• Clear and effective communication
• Teamwork and collaboration
• Client relationship management
• Conflict resolution
• Ability to perform under pressure
• Proactivity and initiative
• Exceptional organizational skills