Cerence

Director, Financial Reporting

United States

Cerence Logo
$158,600 – $253,600Compensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Automotive Software, AI & Machine Learning, Financial ServicesIndustries

Requirements

Candidates must hold a Bachelor’s degree in Accounting, Finance, or a related field, with an MBA or CPA being preferred. They should possess at least 7 years of experience in financial reporting, specifically within global organizations, and demonstrate strong knowledge of GAAP, IFRS, and SEC reporting requirements.

Responsibilities

The Director of Financial Reporting will oversee the preparation of global financial statements, including quarterly and annual reports, ensuring compliance with GAAP, IFRS, and local regulatory requirements. This role involves leading the consolidation of financial data from international subsidiaries, managing internal control procedures, working closely with cross-functional teams to support financial reporting needs, and acting as a liaison for external auditors. Furthermore, the Director will perform technical accounting research and implement new reporting requirements, while also presenting financial insights to senior management and business stakeholders.

Skills

GAAP
IFRS
SEC reporting
Financial statements
Consolidation
Internal controls
Technical accounting research
Cross-functional collaboration
Audit coordination
Financial analysis

Cerence

AI solutions for automotive in-car experiences

About Cerence

Cerence develops AI-powered solutions specifically for the automotive industry, focusing on improving the in-car experience for drivers and passengers. Their products include voice recognition systems and AI-driven assistants that enhance entertainment, connectivity, and safety while driving. Cerence collaborates with major automotive manufacturers to integrate these technologies into vehicles, such as the Mercedes Benz User Experience. Unlike many competitors, Cerence emphasizes a comprehensive approach that includes ongoing support and upgrades, ensuring their technology adapts to trends like smart cities and electric vehicles. The company's goal is to transform transportation and shape the future of mobility through innovative and user-friendly solutions.

Key Metrics

Burlington, MassachusettsHeadquarters
2019Year Founded
$190MTotal Funding
IPOCompany Stage
Automotive & Transportation, AI & Machine LearningIndustries
1,001-5,000Employees

Risks

Increased competition from SoundHound threatens Cerence's market share.
Voice AI payments trend pressures Cerence to expand beyond automotive.
CEO Brian Krzanich's appointment may lead to disruptive strategic shifts.

Differentiation

Cerence specializes in AI-powered solutions for the automotive industry.
The company collaborates with industry leaders like Nuance and Daimler.
Cerence's solutions include voice recognition and AI-driven assistants.

Upsides

Cerence's partnership with Mapbox enhances voice-powered navigation for cars.
The introduction of CaLLM Edge positions Cerence as a leader in automotive AI.
Growing two-wheeler market offers expansion opportunities for Cerence Ride.

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