Director of Accounting Policy and Internal Controls & Compliance Job in New York 10001, New York Us
Director of Accounting Policy and Internal Controls Compliance
L-3 Overview
L-3 Communications employs over 61,000 people worldwide and is a prime system contractor in aircraft modernization and maintenance, C3ISR (Command, Control, Communications, Intelligence, Surveillance and Reconnaissance) and government services. L-3 is also a leading provider of high technology products, subsystems and systems. Customers include the U.S. Department of Defense and its prime system contractors, the U.S. Department of Homeland Security, U.S. Government intelligence agencies, major aerospace and defense contractors, allied foreign government ministries of defense, commercial customers and certain other U.S. federal, state and local agencies.
For the year ended December 31, 2010, L-3 reported sales of $15.7 billion, operating income of $1.7 billion and diluted earnings per share of $8.25.
L-3 has a strong finance organization that is well respected (inside and outside L-3) and is critical to L-3's success. The L-3 finance mission is to support the CEO, Group Presidents and Division Presidents in executing L-3's strategy and increasing shareholder value, while maintaining strong internal controls over financial reporting and the highest ethical standards.
Responsibilities
- Overall responsibility is to maintain, amend and revise L-3's Corporate Accounting Policies and consolidated Internal Controls over Financial Reporting (ICFR) framework.
- Monitor, evaluate and report the impact of all recent Financial Accounting Standards Board (FASB), SEC, International Standards Board (ISB) and Public Company Accounting Oversight Board (PCAOB) pronouncements, guidelines and rulings on L-3's financial statements and Corporate Accounting Policies.
- Implement new FASB, ISB and SEC standards, as applicable.
- Evaluate and conclude on the accounting and financial reporting requirements and impact of current and potential business transactions (Corporate and Business Units).
- Manage L-3's internal controls over financial reporting compliance plan, including the preparation of an annual risk-based evaluation plan, review of business unit and corporate process documentation, preparation and implementation of test plans, and quarterly evaluation of internal control effectiveness.
- Prepare ICFR compliance plan status reports to the Audit Committee.
- Develop and monitor ICFR remediation action plans.
- Coordinate PricewaterhouseCoopers attestation procedures regarding L-3's ICFR evaluation, including exceptions/deficiencies identified.
- Integrate acquired businesses into L-3's: (1) accounting and financial reporting practices and procedures, and (2) internal controls over financial reporting.
- Interface with Corporate Finance, Business Unit financial management, Accounting and Internal Control Review Group and internal audit on accounting, financial reporting and internal control activities.
- Oversee and manage L-3's international statutory reporting and related external audit requirements.
- Support annual and quarterly SEC regulatory filings by preparing: (1) the summary of significant accounting policies, new accounting standards implemented and critical accounting policies disclosures, and (2) Management's Report on Internal Controls over financial reporting and conclusion of effectiveness of disclosure controls and procedures. Perform a high level review of Form 10K and Q filings.
- Support PricewaterhouseCoopers audit procedures as applicable.
- Ad hoc special projects as required.
L-3 Communications Corporation is proud to be an Affirmative Action/Equal Opportunity Employer. L-3 provides equal employment opportunity for all persons, in all facets of employment. L-3 maintains a drug-free workplace and performs pre-employment substance abuse testing and background checks.
- An individual who works well in a deadline-oriented environment.
- A self-motivated individual who is flexible, creative and has strong leadership capabilities. The individual must possess expert knowledge and understanding of concepts in accounting, financial reporting and internal controls have the ability to work through complex accounting and business issues, have strong written and oral communication skills, be detail-oriented and possess analytical and project management skills.
- Bachelors or masters degree in accounting required and 10+ years total experience in a big four CPA firm or mix of big four CPA firm (minimum 7 years) and private company experience required.
- Report directly to the Assistant Controller responsible for financial reporting with significant interaction with the Vice President, Controller and Principal Accounting Officer, and Business Unit financial management.
- Willingness to travel at least 10%
Additional Information:
- Travel Percentage: 10%
