Senior Accountant

Overview

About the Opportunity:
We are seeking a highly motivated Senior Accountant to join our corporate accounting team. This individual will play a key role in supporting accurate financial reporting, driving process improvements, and ensuring compliance with U.S. GAAP and J-SOX. As part of a publicly traded organization with complex revenue streams.

Location
:
This is a hybrid position that will report to the Wood Dale facility on Tuesdays and Thursdays every week.

What you will be doing:

General Accounting: Perform vital accounting functions to ensure consistent compliance with Generally Accepted Accounting Principles and IFRS while maintaining accurate financial statements via the company’s ERP system.

Inventory Control: Responsible for the overall coordination and ownership of inventory management to maximize customer satisfaction and ensure smooth and timely internal communications with a variety of departments throughout the organization.

Budgeting and Forecasting: Responsible for analytical scheduling pertaining to the company’s business plan and monthly forecasting to CFO. This includes making business recommendations as well as data gathering, organizing, reporting, analyzing and maintenance of spreadsheets.

Accounting Responsibilities

• Prepare journal entries for Physical, in-transit and NRV for all inventory accounts
• Review and approve coding of operating expenses
• Prepare accruals and other adjusting entries
• Reconcile sub-ledger to general ledger account balances
• Maintain accurate account and data reconciliation including supporting sub-ledgers, journals, and other financial documentation within a cost efficient operation
• Identify and research account discrepancies
• Define and post re-class entries as needed
• Review general ledger accounts and correct journal entries
• Perform accounting analysis, such as NRV, and inbound freight, but not limited to:
  Balance sheet accounts, expense and salary accruals, department expense analysis, prepaid and insurance, employee relocations, travel advances, etc
• Assist in performing monthly balance sheet, income statement and changes in financial position/budget variance analysis

Budgeting and Forecasting Reporting:

• Prepare financial reports and related statements, charts, tables and other exhibits.
• Assist the CFO in the budget process, including analytical schedules
• Assist the CFO in the forecast process, including monthly analytical schedules
• Communicate with other departments in forecasting fixed expense
• Participate in meetings, conferences and special projects in support of team objectives
• Gather and prepare data as needed for monthly business meetings
• Analyze sales data by region, customer, channel and time frame
• Work with Business Management to recommend sales program initiative and improvements based on analyses
• Reconcile sales data and financial data

Inventory management:

• Investigate inventory discrepancies and report and resolve issues
• Manage landed cost – Check cost for FOB, Freight (ocean, air) and Customs are recorded properly in the ERP system.
• Inform warehouse and supply chain department regarding issues on stock transfer
• Provide/review analysis for slow-moving/obsolete inventory to ensure timely disposition
• Review inventory cycle counts at each warehouse
• Generate/ Provide inventory reports by Cost Center and warehouse location
• Advise management for any issues which will affect budgeted inventory turnover days
• Interface with factory contacts to expedite, defer and cancel orders as appropriate
• Ensure correct method of shipment is utilized and seek approvals for expedited freight charges in accordance with company policy
• Collaborate with Sales, Accounting, Administration and Factory personnel as appropriate to resolve inventory concerns
• Communicate with logistics, warehouse, supply chain department to confirm the receipts of goods
• Produce reports for distribution to various departments for inventory availability and status
• Review and maintain ERP master settings to optimize inventory levels, purchase order quantities and customer satisfaction

Sales Tax filing management:

• Lead the indirect state tax filing working with CCH to complete sales tax registrations for…