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Director of Acquisition Accounting, M&A

Conshohocken, Pennsylvania Position Type Full Time Req ID: 2020-459568

We are North America’s leading security services provider with over 200,000 phenomenal employees. At Allied Universal, we pride ourselves on fostering a promote from within culture.  There are countless examples of individuals who began their career as Security Professionals and today hold positions on our senior leadership team. 

 

For all full-time positions, we offer medical, dental and vision coverage, life insurance, 401K, employee assistance programs, company discounts, perks and more! We also offer part-time and flexible schedules!

 

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The Director of Acquisition Integration is responsible for working alongside the Merger & Acquisitions (M&A) team and their due diligence consultants to ensure that an accounting integration plan is developed and discussed/shared with the General Ledger (GL) group. Specifically, the Director -  Accounting Integration will work closely with the target company’s Accounting organization and AU’s Accounting, Shared Services Organization (SSO), Treasury and FP&A organizations to plan and integrate critical month-end close activities to ensure an accurate, smooth and orderly process. A list of Essential Job Duties and Responsibilities and as well Other Responsibilities are listed below to ensure this occurs.

ESSENTIAL JOB DUTIES AND RESPONSIBILITIES: Those duties necessary to meet the minimum requirements of the position. Other duties may be assigned:

  • Develop and maintain project plans specific to the various acquisition integration processes within finance as well as other corporate overhead organizations.
  • Create an accounting practices, policies & procedures Gap Analysis between AU and each acquired entity. Develop and maintain listing of critical outstanding issues for each acquisition and help drive items to completion within a specified, agreed-upon timeline.
  • Create, implement, and continuously improve integration internal controls and best practice accounting integration plans within the GL Accounting team.
  • Coordinate the preparation and review of stand-alone financial information by acquired Accounting and Finance personnel as well as AU leadership.
  • Key interface with CFO, Strategy & Operations/PMO, Corporate Accounting, and M&A teams to report and analyze post-acquisition operating results relative to initial deal models to ensure finance meets savings targets and integration deadlines on a monthly basis. 
  • Work cross functionally with SSO, Strategic Sourcing, Integration Management Office (IMO), Legal/Risk Management, IT, Operations and other teams as required to solve integration issues in a pre-determined, time efficient manner. Examples of integration activities include but are not limited to partnering with:
  • AU’s Risk Management team to retrieve loss claim data of target company so that it can be sent over to AU’s outside actuary and claims administrator (ESIS) to establish required fair value opening balance sheet liability reserves;
  • AU’s Legal team to assess probable and estimable acquired legal claims.
  • AR/Collections, Operators, and Finance from both AUS and the acquired company to ensure a seamless transition in the collections of existing receivables and the go-forward collections process. Identify key areas for improvement in the current process and actively work to standardize those practices in future integrations.
  • Coordinating payroll integration with SSO
  • Other integration coordination activities
  • Collaborate with due diligence team including external resources to assist in transaction and develop knowledge necessary to create integration plan.
  • Serve as visible go-to AU representative for target company and consistently demonstrate culture and values of AU. Determine and manage the retention strategy for acquired company finance employees.

OTHER RESPONSIBILITIES: Other duties or responsibilities that may typically be assigned to this position include but are not limited to:

  • Partner with the GL Accounting team to identify financial statement impact of migrating from target company accounting policy to AU accounting policy for each identified difference. Ensure that each policy difference is documented and communicated with the AU SVP/Chief Accounting Officer and AU VP/Controller and also communicate findings with other parts of the organization, as necessary. Calculate estimated impact of each difference on:
    • Revenues
    • Expenses
    • Gross Margin
    • EBITDA, AEBITDA and PFAEBITDA
    • Total Assets, Liabilities and Member’s Equity
    • Total Debt and First Lien Debt Ratio
  • Perform a detailed review of target company closing balance sheet to ensure completeness and accuracy.
  • If applicable, coordinate with AU SVP/Chief Accounting Officer, AU VP/Corporate Controller, AU Controller – Growth Platforms or CFO - Allied Universal Technology Services (AUTS) on all finance/operational integration activities.
  • Assess target company monthly close process and evaluate as to how it aligns with AU’s Monthly Close Calendar. Communicate and coordinate with AU GL and Technical Accounting teams as well as the target company Accounting organization to ensure that all monthly close reporting deadlines are accurately and successfully achieved without error. Partner with AU GL team on ensuring target company is able provide Flash estimates if needed.
  • Identify and coordinate a trial balance account mapping migration scheme to ensure target company general ledger accounts are properly mapped to existing AU general ledger accounts in a consistent manner. Modify AU trial balance list of accounts if necessary and coordinate with Hyperion and WinTeam systems team personnel.
  • Assist in execution of business initiatives during integration/transition period to ensure achievement of financial goals and leading indicators
  • Understand and document any Net Working Capital or Earn-out contractual obligations to ensure common understanding and execution of said matters. Work with target company and AU respective Accounting teams to develop timeline and plan to execute. Ensure AU M&A team is kept apprised of all developments.
  • Evaluate enhancing systems and processes with the introduction of new technology, including but not limited to automated reconciliation tools, robotic automation, and enhanced reporting tools.

QUALIFICATIONS: To perform this job successfully, the individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skills, and/or experience required. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

  • Bachelor's degree in Accounting required.
  • CPA or MBA strongly preferred.
  • 10-12 years of progressive accounting management experience, preferably in a service industry. 
  • Experience in operational integration of mergers & acquisitions or project management
  • Strong knowledge of all finance business processes including Payroll, Billing and Revenue Recognition, Procure to Pay and how each cycle impacts general accounting.
  • Ability to successfully work at a very detailed level, as well as the ability to communicate high level with executive management. Outstanding verbal and written communication skills required. 
  • Strong organizational skills and the demonstrated ability to manage numerous projects/deliverables simultaneously against set deadlines
  • Strong analytical abilities and organizational skills are essential to success in this position.
  • Experience with multiple ERP systems desirable.
  • High level of integrity and strict adherence to protecting confidential information.
  • Experience in designing, structuring and implementing new operational policies and processes
  • Prior SOX audit experience, desirable.

*ZR-Corp

Allied Universal provides unparalleled service, systems and solutions to the people and business of our communities, and is North America’s leading security services provider. With over 200,000 employees, Allied Universal delivers high-quality, tailored solutions, which allows clients to focus on their core business. For more information:  www.AUS.com.

We proudly support the Veteran Jobs Mission, a group of over 200 companies that have committed to collectively hiring a total of one million military veterans. EOE/Minorities/Females/Vet/Disability Allied Universal Services is an Equal Opportunity Employer committed to hiring a diverse workforce.

*ZR-Corp