What are the responsibilities and job description for the Senior Accountant position at Hire Integrated?
Role Description:
The Senior Accountant for maintenance of the company books and records for Generally Accepted Accounting Principles (GAAP) and Tax purposes, including the accurate and timely preparation, presentation, and analysis of monthly financial statements. This includes the maintenance of various and sundry subsidiary systems, schedules, workbooks, work papers, reports, queries, and tables that all provide critical input data to the financials taken as a whole.
Essential Job Functions:
- Responsible for timely, accurate, and intuitive financial statements for the company. and all consolidated subsidiaries (individually and as a consolidated whole).
- Maintains work papers supporting balance sheet and income statement accounts; including the documentation of all journal entries made along with supporting queries, schedules, workbooks, or supporting subsidiary systems. Understands and books complex accounting transactions in the company ERP system. SQL reporting is often required to pull data and make journal entries into the G/L.
- Drives process standardization by maintaining all documentation for financial accounting processes and keeping procedures up to date and easy to follow.
- On a monthly basis produces Company Financial Statements (balance sheet and income statement in both detail and summary format); Consolidating Schedules and Consolidated Financial Statements; eliminations and foreign-currency translation, various graphs and tables that are needed to complete the Executive Reporting Packet for management – including key metric / restrictive bank covenant reporting for working capital, return on assets, current ratio, tangible net worth, debt-to-equity, EBITDA coverage, daily bank debt, borrowing base, annual profit, inventory turns, and excess inventory.
- On a monthly basis produces a separate Executive Overview Report, which highlights key elements of the detailed divisional income statements, and explains certain “harder to understand” concepts or numbers - including swings in Gross Margin percentages, inventory write-downs, vendor claims for defectives, miscellaneous credit memos and/or A/R adjustments, manufacturing variances (direct labor variances, manufacturing overhead variances, and injection molding variances), operating expense variances and fixed asset impairment.
- Responsible for the intuitive formulation and reasonable accuracy of the estimation process for the various allowances in the financial statements including defectives, volume rebates, coop advertising, overstock returns, buybacks, inventory write-downs, and bad debts.
- Responsible to help drive business alignment; supported through frequent interaction with personnel in marketing, procurement, engineering, sales, and manufacturing.
- Involved in IT development projects to continuously improve data accumulation systems and reporting capabilities. Create and review controls needed for accurate data accumulation and reporting.
- Recommends to management any updates to accounting policies as necessary.
- Collects, reviews, and maintains supporting documentation to ensure that expenditures are adequately supported and properly classified in accordance with accounting standards and company policy. This includes a combination of paper filing systems and scanned images, or workbooks all indexed for consistent and easy retrieval.
- Maintains the chart of accounts and financial statement formats to ensure consistent and accurate coding of all accounting transactions.
- Assists with the annual Pro-Forma / Budget process that establishes the Plan against performance is measured. This includes forecasting each line item in the income statement(s) and using a variety of reporting tools and estimation methods to project amounts for that respective area. Requires frequent interaction with procurement for “next costs” as well as sales for “CLR” customer program data. Monthly analysis highlights key variances to plan, initiates root-cause analysis and ultimately leads to recommended actions to stay on target.
- Assists Tax staff as needed with income tax payments and income tax compliance as assigned in various states as well as federal filings for the corporation and its shareholders. Includes converting book income to taxable income through tracking various timing differences, as well as preparation of various sundry tax work papers that feed the tax return preparation process.
- Assists with 3rd-party financial audit through preparation of various schedules, work papers and disclosures.
- Utilizes SQL and Excel (data tables and pivot tables) for efficient reporting and analysis.
- Cross trains and backs up the Cost Accountant and Fixed Asset Accountant as time permits.
- Assists with various required government census reports.
Knowledge, Skills, and Abilities:
- Reads, understands, and consistently follows procedures and policies
- Interprets and applies corporate financial policies, company controls, and accounting theory
- Strong work ethic and focus on problem solving
- Strategic thinker with a desire for continuous improvement
- Communicates analyses and information clearly, concisely, and effectively
- Works with people in a manner that shows sensitivity, tact, and professionalism
- Ability to perform effectively taking initiative within a matrix reporting environment
- Strong organizational skills and ability to prioritize and balance workload to meet deadlines
- Attention to detail, multi-tasking, and strong follow through
Requirements:
- Bachelor’s degree in Accounting
- SQL reporting experience
- Proficient in Excel (formulas, pivot tables, graphs)
- Financial accounting experience or equivalent education/experience
- Strong knowledge of US GAAP and knowledge of bills of material, standard manufacturing cost systems, manufacturing efficiency measures and manufacturing practices. Experience with ERP/MRP systems preferred.