Manager - Intercompany & Fixed Assets Accounting

Management | Full-Time  | Finance

Main Purpose of the Role: 

The role leads the Intercompany (IC) and Fixed Asset (FA) Accounting team within Vestas’ Account to Report Finance function at the Manila Shared Service Center. It involves supporting the transition of ICO and FA activities and establishing the ICO and FA team as a new sub-team in Account to Report.

The position requires an experienced finance professional that worked in a leadership position in GBS or shared services organizations showing a combination of proficient operational finance understanding, transformation experience and leadership skills that can strategically advance the ICO and FA team forward.

The role will be under the Finance team of Vestas Shared Service Center. Fixed Assets and Intercompany teams will be reporting to the Head of Account to Report that will support Vestas globally. As a manager, you are responsible for overseeing the organization’s fixed assets and intercompany transactions ensuring accurate record-keeping and compliance. The role is expected to collaborate closely with colleagues and stakeholders across different time zones.

Responsibilities:

Responsible for all ICO and FA processes ensuring improved control, compliance, delivery of operations within expected timeframes.

Operational responsibilities

• • Lead the functional team Fixed Assets (FA) and Intercompany (ICO). Empower, coach, develop and engage people for better collaboration and performance output.
  • Keep the financial numbers accurate and up to date for the year, by cleaning up ageing items in FA and ICO.
  • Ensure that pre-month end issues of FA and ICO are identified and addressed. Collaborate with General Ledger team and Finance Controllers in ensuring accuracy and timely reporting of financial numbers.
  • Ensure strict adherence to pre-determined calendar for month-end and period-end close
  •  Ensure that proper documentation and records for FA and ICO are adhered to in accordance with compliance requirements. Handle internal and external audit requests.
  • Provide subject matter expertise to the ICO and FA team as well as the Head of ATR where required

Service & Performance Management

• • Ensure that KPIs for FA and ICO are delivered based on agreed service levels and targets. Conduct proper root cause analysis, create plans and execute actions to improve performance.
  • Implement process standardization in FA and ICO to have a unified global process.
  • In close collaboration with the ATR Director and the Service Manager, responsible for identifying cost saving and efficiency improvement opportunities within the IC and FA processes and support of implementation projects
  • Manage the execution of new tools and systems to deliver improved efficiencies and enhanced effectiveness for all Intercompany & Fixed Assets Accounting processes in collaboration with Process & Service Excellence team
  • Represent the Intercompany & Fixed Assets Accounting team during Governance Meetings and Performance Reviews for the Finance function
  • Responsible for escalation management and resolution
  • Ensure smooth alignment with other Finance SSC teams (e.g. AP, AR, GL Accounting, and Financial Controlling) for cross-functional activities
  • Assist with both internal and external reviews to ensure complete, timely and accurate responses to information requests
  • Perform effective employee development and performance management through the monitoring of team and individual KPIs, determination of team’s development requirements, etc.
  • In close collaboration with the Process & Service Excellence team, support the identification of cost savings, efficiency improvement opportunities, and managing the execution of new tools and systems within the Intercompany & Fixed Assets Accounting function
  • Monitor and report on KPIs and SLAs in an accurate and timely manner

Leadership and Development

• • Develop and maintain relationships with business stakeholders in Group and across regions
  • Accountable for prioritising and meeting performance targets while ensuring compliance with agreed standards and procedures
  • Ensure effective people management and development of the team, including - staffing and selection, integration of new staff to the teams, provision of feedback and management of people issues, development of a collaborative team culture focused on business understanding of the work performed

Qualifications:

• Bachelor’s degree in accountancy/ finance/ business management or related area. Preferably with certifications (i.e. CPA, CMA, MBA, CIA, RCA, CTT, etc.)
• With extensive background in Finance Account to Report, Fixed Assets and Intercompany
•   With at least 3-5 years of leadership experience in handling functional teams
• With experience in handling process improvement initiatives, migration and digitization
• Ability to coach, mentor and execute deliverables for the function
• Encourages customer focus - establish effective working relationships within the team and stakeholders.
• Ability to apply knowledge of Generally Accepted Accounting Principle & Cost Accounting Standards.
• Sound understanding of tools and systems used for financial reporting and operations. Experience in SAP is preferred.

Personal Competencies:

• Good communication skills with high ability to relay messages in a way that is easy to understand
• High degree of flexibility to adjust to varying time zones and possible changes in scope
• Problem solving skills and creative thinking to implement standardization, efficiency and digitization agenda
• Leadership behaviours that would match Vestas values of simplicity, accountability, passion and collaboration
• Change management experience who can execute changes within the organization
• Skilled in building relationships with internal and external stakeholders

Main KPIs

• Timely delivery of operational KPIs
• Attrition rate maintained below 15%
• 100% of critical positions identified with successors
• Satisfied internal key customers and stakeholders

Our commitment to a fair hiring 
At Vestas, we evaluate all candidates solely based on their professional experience, education, and relevant skills. To support a fair recruitment process, we kindly ask that you remove any photos, dates of birth or graduation, gender pronouns, marital status, or other personal information not relevant to the role before submitting your CV/resume. Your CV/resume should focus on your professional and educational background, along with the necessary contact details (email and phone number). We train our hiring teams in inclusive evaluation and regularly review process outcomes to ensure fairness.

DEIB Statement
At Vestas, we recognize the value of diversity, equity, and inclusion in driving innovation and success. We strongly encourage individuals from all backgrounds to apply, particularly those who may hesitate due to their identity or feel they do not meet every criterion. As our CEO states, "Expertise and talent come in many forms, and a diverse workforce enhances our ability to think differently and solve the complex challenges of our industry". Your unique perspective is what will help us powering the solution for a sustainable, green energy future.

BEWARE – RECRUITMENT FRAUD
It has come to our attention that there are a number of fraudulent emails from people pretending to work for Vestas. Read more via this link, https://www.vestas.com/en/careers/our-recruitment-process

About Vestas
Vestas is the energy industry’s global partner on sustainable energy solutions. We are specialised in designing, manufacturing, installing, and servicing wind turbines, both onshore and offshore. 
Across the globe, we have installed more wind power than anyone else. We consider ourselves pioneers within the industry, as we continuously aim to design new solutions and technologies to create a more sustainable future for all of us. With more than 185 GW of wind power installed worldwide and 40+ years of experience in wind energy, we have an unmatched track record demonstrating our expertise within the field. 
With 30,000 employees globally, we are a diverse team united by a common goal: to power the solution – today, tomorrow, and far into the future. 

Vestas promotes a diverse workforce which embraces all social identities and is free of any discrimination. We commit to create and sustain an environment that acknowledges and harvests different experiences, skills, and perspectives. We also aim to give everyone equal access to opportunity. 

To learn more about our company and life at Vestas, we invite you to visit our website at www.vestas.com and follow us on our social media channels. We also encourage you to join our Talent Universe to receive notifications on new and relevant postings.