Senior Accountant (Hybrid)
Company: The Heico Companies LLC
Location: Downers Grove
Posted on: June 25, 2022
Job Description:
Job Description
PositionReporting to the Assistant Controller will be a critical
role in Stenograph's Finance and Accounting team. Responsible for
monitoring and adhering to financial policy and direction of the
department while also being an active participant in, and driver
of, the department's overall strategy. S/he will be responsible for
Costing efforts on all product lines including documented rationale
and support for costing methodology and ensuring adherence to
Corporate guidelines and Generally Accepted Accounting Principles
("GAAP"). S/he will be actively involved in all financial
administration, reporting, business planning, and analysis. As a
member of the Accounting and Finance team, the Senior Accountant
will be a key contributor to Stenograph's finance team and assist
with financial decisions for the department and management team.
S/he will also play a key role in collaborating across functional
areas and departments to foster a Strategic Business Partner
culture.Specific responsibilities include:Update and maintain the
company's standard cost system
- Ongoing review of all cost components and resource cost
allocations including material, labor, and overhead
- Collaborate with Product Management, Engineering, Development
on Business Case and New Product Development models to define
costs, value projections and anticipated ROI
- Detailed monthly analysis of the margin and earnings generated
by each major product line
- Identify significant cost variances & root cause analysisIn
collaboration with Operations review and maintain the company's
cycle count program
- Reconcile physical inventory counts to perpetual records
- Identify slow moving, excess or obsolete inventory
- Ensures inventory cycle counts follows corporate and company
cycle count policy
- Provide monthly reporting including accuracy rates, variances,
root cause analysis and resolutionAnalyze and define all costs
applicable to the company's defined product warranties and extended
coverage plans
- Monthly and ongoing warranty cost reporting and analysis
including but not limited to:
- Compute failure rates
- Frequency of failures
- Review, monitor, and report on APEX Loyalty Customer Rewards
programReconciles Various Balance Sheet Accounts
- Reconcile Balance Sheet accounts to assure management that
financial information is in accordance with GAAP.
- Create standalone account reconciliations that are supported
and documented as a standalone reconciliation including but not
limited to:
- Revenue and Deferred Revenue
- Inventory Valuation
- Accounts Payable
- Fixed AssetsReporting
- Monthly financials must be finalized within the first four
working days of each month
- Monitor, analyze and present operational metrics.
- Assist in the preparation and approval of financial reporting
materials.
- Ensure financial record systems are in accordance with
Generally Accepted Accounting Principles.Analyzes Financial Data
and Trends
- Compare monthly, quarterly, and year-to-date financial
information to budget, forecast and prior period results. -
Identify and analyze significant variances and provide insights and
recommendations to Finance, Leadership team, or others in the
organization.Assist in the coordination of all audit activities
(Internal and External)Special Projects as assigned
- Support the Assistant Controller & VP of Finance on all
operational and strategic issues as they arise; provide strategic
recommendations to Assistant Controller, VP of Finance and
Management based on financial analysis and projections, cost
identification and allocation, and revenue/expense analysis.
- Assist Finance and Accounting Team in the ongoing strategic,
budget and forecast planning process. Act as a key contributor for
developing, updating, and maintaining effective use of Adaptive
FP&A software for budget, forecast and strategic plans.
- Provide input and reliable data for Power BI reports that can
be used by employees and management.
- Provide commentary for the monthly Controller's Financial
Reporting Package. Ensure data and comments provide a detailed
picture of status of business and the commentary matches the deck
presentation.
- Assist with testing and oversight of the control
self-assessment (CSA) database for the company. Ensure a strong
internal control environment.
- Active participant in the development and documentation of
formal finance related procedures, processes, and
administration.QualificationsThe individual will be a team player
with general accounting and cost accounting experience in a
manufacturing and/or SaaS environment. This includes gathering and
evaluation of financial information and making actionable
recommendations to business and senior leadership. S/he will
ideally have working experience and knowledge of cost accounting,
budgeting, forecasting, strategic planning, control, and financial
reporting. A solid foundation in accounting concepts is a must,
with the ability to apply those concepts to processes in our unique
environment.The individual will have the following experience and
attributes:
- A minimum of a BS or 4+ years of relevant experience; CPA/CMA
would be a plus
- Minimum of three years of cost accounting experience in a
manufacturing or SaaS environment
- Proficient Knowledge of ERP systems and MS Excel and MS
Office365; ability to perform detail data queries/report writing
would be plus
- Great analytical skills and ability to help create operational
models
- An effective communicator, with oral and written skills
- Flexible and a self-starter; able to multi-task while also
being highly detail oriented
- Mature and proactive, with ability to work as a business
partner with various departments and members of management
- Problem solver with ability to use critical thinking skills to
navigate through adversity and challenges with limited
assistance
Keywords: The Heico Companies LLC, Downers Grove , Senior Accountant (Hybrid), Accounting, Auditing , Downers Grove, Illinois
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