Corporate Controller

Company: Overstock.com Inc.
Location: Midvale , Utah, United States
Type: Full-time
Posted: 18.NOV.2020

Summary

OverviewThe controller position is accountable for the accounting operations of Overstock.com and its subsidiaries (the "Company"), includin...

Description

OverviewThe controller position is accountable for the accounting operations of Overstock.com and its subsidiaries (the "Company"), including (1) the production of periodic financial reports, (2) the maintenance of an adequate system of accounting records, and (3) the maintenance of a comprehensive set of internal controls designed to mitigate risk, enhance the accuracy of the Company's reported financial results and ensure that reported result comply with generally accepted accounting principles and SEC reporting requirements. The Controller is responsible for coordinating the assessment and implementation of new accounting pronouncements.The Controller acts as the main liaison point between the various groups within Finance and Accounting and all other COE groups that impact the financial systems and consolidated results of operations. The main objective of this position is to ensure that communications amongst the groups are effective and that data provided for accounting and reporting purposes is timely and accurate.The Controller is also the main liaison with the Company's external auditors.ManagementOversee the operations of the accounting department, including the design of the organizational structure for achieving the Company's and the group's goals and objectivesOversee the operation of the accounting department, including managing the teams responsible for (a) the completion of the monthly, quarterly and annual financial consolidations process, (b)the SEC financial reporting, (c) the technical accounting and transactions, (d) accounting policies and procedures and (e) shared services and (f) the tax department Provide professional guidance and oversight of personnelTransactionsConsult with internal business partners on complex transactions (as noted above) to ensure proper accounting and reporting treatmentIs able to evaluate complex business transactions, including financings activities, to determine the proper accounting treatment and suggest alternative strategies for structuring the transactionsOversees accounting and reporting activities associated with the Company's financings and business transactionsReporting and ComplianceCoordinate the monthly, quarterly and annual close and consolidation through the maintenance of the monthly close memos and yearly close calendarsPreparation of Corporate EBITDA calculation and Press Release support documentationIs responsible for overseeing the preparation and review of the Company's external financial reporting documents, including Forms 10-Q, 10-K, S-1, 8-K, Prospectus and Prospectus SupplementsThe Controller is responsible to partner with the internal and external parties in the assessment and implementation of new accounting and regulatory standards (e.g. SEC, FASB and IASB)Research technical accounting and reporting matters and author accounting memos and research papersCommunicate policy and technical matters to the organization, including senior managementMaintain proper controls over all Corporate processes supporting the OSTK consolidation processes to ensure compliance with Sarbanes-Oxley requirementsOversee Corporate Accounting's Sarbanes-Oxley compliance plan for the financial reporting processOversee the maintenance of the Company's accounting policies and proceduresCoordinate the activities of the group and statutory auditors, including the provision of information timely and accurately in support of the quarterly reviews and the annual auditCoordinate with external auditors on technical accounting and reporting mattersManage the team that oversees the coordination and management of the Chart of Accounts database. This team will also ensure that required system maintenance is completed monthly and that all issues are addressed during the monthly close and consolidation processesFinancial Systems ModernizationLead the implementation of new accounting and reporting systemsEnsure that communication of changes to the accounting systems and impact of changes to the organizationJob Contacts (main interfaces inside and outside the company)External Auditors (KPMG)Tax Consultants (Deloitte) Technology teamSenior Leadership TreasuryAudit Committee of the Board of Directors FPJob Dimensions (Authority/Autonomy)The position represents a focal role within the accounting department and assumes full responsibility to ensure the integrity of the accounting systems, consolidated financial results and support of the communication of change management that support monthly quarterly and annual consolidation, external/internal reporting and planning. The incumbent has the authority to propose process improvements to facilitate accurate and timely reporting for the accounting systems.Key Performance IndicatorsKPI 1Ability to recruit, retain, evaluate and mentor personnel.KPI 2Timelines and accuracy in reporting monthly operating results and filing consolidated financial statement with the SEC.KP1 3Business performance in implementation and maintenance of accounting systems and timely issues resolution during close and consolidationKPI 4Effective communication both within the accounting team and with all other departments.KPI 5Remediation progress against any internal control deficiencies and the number and severity of SOX testing deficiencies found annually.QualificationsEducational BackgroundUniversity degree in Accounting (BS or MBA)CPA (Certified Public Accountant) or CA (Chartered Accountant) is mandatoryProfessional Experience: Twenty or more years of progressive experience in accounting and financial reporting. Relevant Controllership experience (industry or size). Experience at a national accounting firm (National office experience a plus). Candidate must possess a strong knowledge and appreciation of generally accepted accounting principles and SEC reporting regulations.Knowledge:Strong understanding of SEC reporting requirementsStrong understanding of General Accepted Accounting Principles in the United States and international accounting standards (IFRS)Financial and business acumenKnowledge of external auditor requirements and reportingKnowledge of Oracle a plusSkills:Strong communication skills, written and verbalEffective managerial skills, including ability to manage large, complex projectsDriver of change and process excellenceExcellent time management/organizational skillsStrong technical and analytical skillsWorks effectively across the complex organization and with external partiesProficient in use of PC including Excel, Word, PowerPointWho We Are:Just a few minutes from Salt Lake City and Utah's ski slopes, Overstock is an original resident of "Silicon Slopes", one of the fastest growing technology hubs in the country. We're a passionate group ofcollaborative problem solvers and creative innovators, working on cutting-edge technology.From building award-winning retail applications (with amazing AR functionality) to creating leading blockchain and machine learning technologies, each of us embodies a unique value and contributes a diverse perspective to the team.What We Offer:401k (6% match)Flexible SchedulesOnsite Health ClinicTuition Reimbursement, Leader

 
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