Canela Media is the fastest-growing Latina-founded media and entertainment company in the United States (US) and Latin America (LATAM) with OTT properties including Canela.TV, Canela Music and Canela Kids. The company is a true start-up, founded in 2019 and backed by the most reputable investment groups in the world.
Overview:
As the Director, Accounting Operations at Canela Media, you will play a crucial role in defining, overseeing and managing daily financial activities for our shared financial operations supporting several countries. This role requires a strategic thinker with strong leadership skills, extensive financial expertise, and the ability to collaborate across borders. This role provides critical support for the expansion of the Canela LATAM Team and ensures compliance in financial and tax matters across several non-US jurisdictions.
Key Responsibilities:
Financial Management: Develop and implement financial policies, procedures, and controls to ensure compliance with regulatory requirements and corporate decision making. Manage budgeting, forecasting, and financial planning processes for non-US operations and modeling of cross-border shared service charges. Monitors financial performance and provides strategic recommendations for improvement.
- Effective leadership of centralized accounting functions such as Record To Report and Procure To Pay
- Continuous process improvement, including implementation of internal controls and related documentation
- Implement and streamline accounting policies and procedures for non-US operations
Reporting and Analysis: Prepare and present accurate and timely financial statements, reports, and analyses to support decision-making. Conduct variance analysis and provide insights to key stakeholders on financial performance.
- Initiate design and implementation of new policies and procedures for non-US entities to support business activities
- Drive the implementation of any tools to improve financial reporting for current and future non-US entities
- Effective and proactive interaction with the Financial Planning & Analysis department to bring awareness of matters affecting financial results
- Responsible for monthly Balance Sheet account reconciliations, including Intercompany (IC) AR and AP
- Review of IC account activity to ensure compliance with Inter-company Transfer Pricing agreements and that all IC AR / AP accounts net to zero monthly
- Identify, calculate, and track US GAAP to Local GAAP temporary and permanent adjustments
- Ensure all disclosures are properly included in the financial statements of non-US entities
Compliance and Risk Management: Ensure compliance with local and international financial regulations, tax laws, and reporting requirements. Identify and mitigate financial risks through effective risk management strategies.
- Collaborate with Tax consultants as needed to ensure local compliance, including Transfer Pricing analyses
- Ownership of cross-border transaction modeling in accordance with Transfer Pricing regulations
- Perform ongoing review and analysis to determine the impact of new accounting standards, changes in accounting policies, impact of policies on statutory reporting requirements for non-US entities
- Cross-Border Collaboration: Work closely with the finance teams to facilitate seamless financial operations. Foster effective communication and collaboration between teams across borders.
- Collaborate closely with key stakeholders and internal / external customers
- Collaborate with the Corporate Accounting team and local service providers for each operating entity to ensure timely and accurate delivery of US GAAP monthly close and statutory financials
Audit Management: Coordinate and manage external audits of non-US entities.
- Ensure timely completion of statutory audits
- Ensure timely and accurate provision of information to auditors and address audit findings.
Team Leadership: Lead and develop a professional, high-performing finance team, providing guidance and mentorship. Foster a collaborative and positive work environment. Identify the need for resources, hire and train new staff.
Qualifications:
- Bachelor’s degree in Accounting or related field, MBA preferred
- 5+ years proven experience as a Controller or similar financial leadership role
- 5+ years management of Record To Report, Procure To Pay, and Order To Cash preferred
- 10+ years of progressive growth in management roles for fast-paced, high growth companies preferred
- Strong understanding of Mexican accounting principles and regulations
- Excellent analytical and problem-solving skills
- Technical Proficiency in NetSuite and Excel preferred
- Experience with Concur or RAMP T&E solutions preferred
- Experience in multinational ERP implementations a plus
- Effective communication and interpersonal skills
- Excellent command of English – both verbal and written
- Experience in Advertising/Entertainment/AdTech company is a plus
- Previous experience with LATAM expansion is preferred