eFinancialCareers

• Company

  Lehman Brothers

• Location

  Switzerland-Zurich

• Compensation

  Competitive

• Position Type

  Employee

• Employment type

  Full time

• Updated

  01 Sep 2008

• eFC Ref no

  448748

To cover Legal Entity Control and tax aspects for all entities located in Switzerland, Sweden, Israel and the Netherlands. The role extends to Management Reporting (Country reporting, Budget, MIS), annual budget process for Switzerland and the other locations, Expense Management and Sarbanes Oxley compliance.

Financial Control in Switzerland covers the Lehman Brothers offices in Switzerland, Sweden, Israel and the Netherlands; the position is centrally located in Zurich. The business activity of Lehman Brothers in these offices encompasses Fixed Income and Equity sales, Investment Banking, Real Estate and Investment Management (Asset Management). It also includes the global Equity activity through Lehman Brothers Finance.

The role involves extensive interaction with external auditors and advisors and the provision of analysis and resolution of queries for senior management.

The candidate will report to the Switzerland Controller.

Duties & Responsibilities :

• Legal Entity Control:
• Month-end close under US and local GAAP, monthly reporting and analysis
• Sub-ledger reconciliation process and issues, resolution tracking
• Reconciliation between US and local GAAP
• Implementation of transfer pricing agreements and control of legal entity profitability
• Sarbanes Oxley - certification of Balance Sheet and Profit & Loss balances

• Statutory tasks:
• Participation in statutory accounts preparation and sign off.
• Coordination with London tax and local tax advisors of the income tax returns, VAT and other tax returns

• Management Reporting:
• Review of monthly Management Reports and provide analysis upon request
• Review of the P/L including P/L forecasting, NPE budgeting.
• Local coordination of budget process

• Expense Management tasks:
• Control of fixed assets and depreciation for the entities covered
• Monitoring of Accounts Payable
• Supervision of payroll process
• Analysis of monthly expenses and savings opportunities
• Responsible for the integrity and further developments of the regulatory and finance systems
• Participation in projects (system implementation, offshoring…)
• Communication: role is representative to CAO and requires high level of interaction with internal counterparts and tax advisors and auditors.

Knowledge and Skills Required:

• Qualified Accountant or equivalent would be an advantage
• Exposure to banking, fundamentals on accounting and taxation are an advantage
• Proactive attitude, high level of initiative to address issues
• Strong communication skills
• Ability to work independently but also within the team
• Good knowledge of Access and Excel would be beneficial
• English fluent both written and oral