Fitch Group is currently seeking a Finance Senior Associate Director based out of our New York office.  

As a leading, global financial information services provider, Fitch Group delivers vital credit and risk insights, robust data, and dynamic tools to champion more efficient, transparent financial markets. With over 100 years of experience and colleagues in over 30 countries, Fitch Group’s culture of credibility, independence, and transparency is embedded throughout its structure, which includes Fitch Ratings, one of the world’s top three credit ratings agencies, and Fitch Solutions, a leading provider of insights, data and analytics. With dual headquarters in London and New York, Fitch Group is owned by Hearst. 

At Fitch Group, the combined power of our global perspectives is what differentiates us. It is the strength of our business. It comes from people around the world in a shared pursuit: to equal something greater than they could ever accomplish alone. Every team member is essential to our business and every perspective is critical for our success. Develop yourself in a culture that values flexibility, expects your opinion and trusts your decisions. Together we evolve and so will you, in an environment that asks you to challenge yourself – and us.

Consolidation and Financial Reporting

Global Finance is currently seeking a Senior Associate Director based in our New York office.

We are seeking a Senior Associate Director to join our team reporting to the Head of Consolidation and Financial Reporting. Become part of a team that has the resources and opportunities that comes with a large organization like Fitch but the job depth in financial reporting from researching and drafting accounting policies including assisting with global implementation; consolidating the Company’s financial results; drafting audit reports; and supporting the audit.

We’ll Count on You To:

• Possess deep technical accounting knowledge, including practical understanding of financial consolidations, eliminations, and segment reporting.
• Draft and assist in developing and revising accounting policies and procedures and ensure that those policies are communicated to teams as well as subsidiaries
• Develop relationships with the internal and external auditors and play a key role in the Company’s financial statement preparation and audit
• Prepare and analyze financial statements monthly, including income statement, balance sheet, and statement of cash flows.
• Support ad hoc financial information requests and other special projects

How You’ll Make an Impact: 

Support and assist the monthly global consolidated financial close process working closely with the Head of Consolidation and Financial Reporting including:

• Reconciliation of income statement and balance sheet between US GAAP and IFRS, providing explanations for variances 
• Review key reports to ensure revaluation was processed in both US GAAP and IFRS
• Reconciling intercompany balances with subsidiaries and other group entities ensuring they eliminate in consolidation 
• Prepare the CTA workbook, a key analysis for audit, proving the system CTA to ensure journals have been posted in the correct currency and system calculated CTA is reasonable 
• Prepare the monthly shareholder’s equity roll analysis and explain variances in minority interest and other changes to equity.
• Verify the fx table against independent sources to ensure rates are updated and reasonable Preparation of monthly consolidated financial statements in compliance with U.S. GAAP
• Take ownership of the consolidation framework including maintaining integrity of the global chart of accounts and related mapping between general ledger and FCCS accounts.
• Assist with the monthly intercompany and investment in subsidiary review process to ensure proper elimination upon consolidation.
• Prepare monthly head office reporting pack and supporting journals 
• Prepare variance analysis for parent company. 
• Assist in the preparation of the audit report including preparation of certain notes to the financial statements and related analyses.
• Ensure SOX compliance by adhering to internal control requirements, updating documentation and providing recommendations as appropriate.
• Drive continuous improvement focusing on streamlining, improving and automating processes.
• Perform other ad hoc analyses, accounting research and special projects as required, including projects related to business acquisitions and dispositions.

You May be a Good Fit if:

• 4+ years of combined public and private accounting experience
• Bachelor’s Degree in Accounting required; CPA strongly preferred
• Strong technical skills including knowledge of U.S. GAAP and understanding of financial statement mechanics
• Strong proficiency with Microsoft Excel required.
• SAP and BPC experience desired.
• Candidate must have good interpersonal/ communication skills, be self-motivated and able to work both as a member of a team and independently to accomplish responsibilities. Strong multi-tasking abilities. Strong analytical skills for review and interpretation of data.

 Why Choose Fitch: 

• Hybrid Work Environment: 2 to 3 days a week in office required based on your line of business and location
• A Culture of Learning & Mobility: Dedicated trainings, leadership development and mentorship programs designed to ensure that your time at Fitch will be a continuous learning opportunity
• Investing in Your Future: Retirement planning and tuition reimbursement programs that empower you to achieve your short and long-term goals
• Promoting Health & Wellbeing: Comprehensive healthcare offerings that enable physical, mental, financial, social, and occupational wellbeing
• Supportive Parenting Policies: Family-friendly policies, including a generous global parental leave plan, designed to help you balance career and family life effectively
• Inclusive Work Environment: A collaborative workplace where all voices are valued, with Employee Resource Groups that unite and empower our colleagues around the globe
• Dedication to Giving Back: Paid volunteer days, matched funding for donations and ample opportunities to volunteer in your community

Fitch is committed to providing global securities markets with objective, timely, independent and forward-looking credit opinions. To protect Fitch’s credibility and reputation, our employees must take every precaution to avoid conflicts of interest or any appearance of a conflict of interest. Should you be successful in the recruitment process at Fitch Ratings you will be asked to declare any securities holdings and other potential conflicts prior to commencing employment. If you, or your immediate family, have any holdings that may conflict with your work responsibilities, you may be asked to divest yourself of them before beginning work.

Fitch is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law. 

Expected base pay rates for the role will be between $115,000 and $135,000 per year. Actual salaries will be determined on an individualized basis and may vary based on factors including but not limited to education, training, experience, past performance, and other job-related factors.  Base pay is one part of Fitch’s total compensation package, which, depending on the position, may also include commission earnings, discretionary bonuses, long-term incentives, and other benefits sponsored by Fitch.  

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