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