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Corporate Accountant

1 month ago

Mount Prospect, United States NTN Bearing of America Full time
1600 Bishop Court, Mount Prospect, Illinois 60056
Salaried

A leading global manufacturing leader is searching to add a Corporate Controller to its headquarters staff. This position is being created to develop a future successor to the CFO in 2 years. The role will report directly to the CFO and lead consolidation of subsidiary PFR reports, corporate accounting and PFR, overwatch of budget and financial performance analysis, governance controls, and will interact with our Treasury and Tax Team. This role will be the right hand to the CFO and be involved in monthly operational/financial reviews, process improvements and support to controllers of our 7 U.S subsidiaries.

  • The position is currently located in Mount Prospect; new corporate offices will be located in Schaumburg in late 2024.

Job Duties/Responsibilities:

Financial Management

  • Direct gross profit analysis and control of SG&A expenses, taxes (State, Sales, Property etc.)
  • Cash Flow Management and Custom issues (Regular duty, dumping duty).
  • Strong ability to provide management with solutions-based financial analysis.
  • Providing routine, ad hoc and critical financial data analysis and trends to senior management.
  • Provides financial analysis, with emphasis on capital investments, pricing decisions, and contract negotiations.
  • Produces the annual budget and forecasts; reports significant budget differences to management.
  • Overseeing all related activities for cash receipts, accounts payable, payroll, receipt and bank reconciliations, general ledger accounting, financial analysis, and reporting.
  • Oversee accounts receivable, credit and rebates, collections including cash applications.

Financial System and Processes Management

  • Develop, monitor, and maintain tools, systems, and procedures that ensure adequate and appropriate internal controls and financial accuracy and integrity on an ongoing basis.
  • Oversees the production of periodic financial reports; ensures that the reported results comply with accepted accounting principles or international financial reporting standards.
  • Recommends benchmarks used to measure the company's performance.

Financial Compliance & Auditing

  • Ensure department meets corporate reporting requirements of monthly, quarterly, semi-annual budget and annual performances/annual reports.
  • Lead the annual audit process, working closely with external auditors, ensuring all NTN materials are completed accurately. In charge of J-Sox.
  • Works with external auditors and provides needed information for the annual audit.
  • Ensures compliance with local, state, and federal government requirements.
  • Files monthly, quarterly and annual reports within company reporting guidelines.

Accounting Principles

  • Direct all activities and deliverables of Finance and Accounting including financial reporting, management analysis, transaction processing, budgeting/forecasting and technical accounting.
  • Maintains a documented system of accounting policies and procedures; implements a system of controls over accounting transactions to minimize risk.

Required Skills/Abilities:

Technical Knowledge (Financial Management)

  • B.S. Degree in Accounting/Finance; CPA strongly preferred; MBA a plus.
  • 15+ years of accounting experience, including 5 years of people leadership responsibility.
  • Comfortable in an initial working manager role while developing and growing internal capabilities.
  • Thorough knowledge of all GAAP and government regulations.
  • Strong familiarity with ERP/Accounting Systems; JDE strongly preferred.
  • Must have at least 7 years of accounting experience in manufacturing/industrial production with deep cost accounting experience.
  • Deep knowledge and experience with PFR and AR/AP systems.
  • Financial analysis experience and evaluation of standard costing systems
  • Experience with Midwest state tax regulations.
  • Treasury operations and bank/lender experience.

Strong interpersonal skills enabling effective presentations with senior regional leadership staff, subsidiary presidents/controllers, and regional board of directors.

Financial Systems

  • Ability to write reports, business correspondence and procedure manuals.
  • Ability to present required reports to management.
  • Proficient in Microsoft Excel, Word, JDE software experience is a plus.

Financial Resilience & Conscientiousness

  • Ownership of Business Plan; familiar with and experience leading the development of annual business plans
  • Meets or exceeds all auditing requirements; including drafting and approving procedures to improve a company's auditing practices.
  • Proven experience in leading internal financial audits

Systems (Connect), Reports and Data Analysis

  • High level of report interpretation to gain insight.
  • Has a knowledge level to suggest improvements to reports and dashboards.
  • High level Excel skills expected including the ability to create Pivot tables.

Willing to guide or train other financial team members on key principles and company systems

Leadership

  • Strong leadership, coaching and team building skills to lead a functional team and contribute to senior leadership team and NTN's overall business plan.

Bachelor's degree n Accounting/Finance or similar related discipline is required. MBA preferred. CPA is required.


NTA Precision Axle is an equal opportunity employer that strongly supports diversity in the work place.