Director, Accounting

1 week ago

Newburyport, United States Rochester Electronics Full time
Rochester Electronics is immediately hiring for a Director, Accounting & Finance

At Rochester Electronics, we create an excellent employee experience focused on value, performance, motivation, recognition, and career growth. Many companies say their employees are their most important asset. At Rochester Electronics, we mean it
  • Outstanding low-cost medical, dental, vision, and prescription drug coverage, Rochester pays 92% of the premiums on behalf of its full-time employees
  • Paid time off, including vacation, sick, and holiday
  • Generous match 401K program
  • Tuition reimbursement
  • Flexible spending account
And so much more

For the last 43 years, Rochester Electronics, in partnership with over 70 leading semiconductor manufacturers, has provided our valued customers with a continuous source of critical semiconductors. As an original manufacturer stocking distributor, Rochester has over 15 billion devices in stock encompassing more than 200,000-part numbers, providing the world's most extensive range of end-of-life (EOL) and broadest range of active semiconductors. As a licensed semiconductor manufacturer, Rochester has manufactured over 20,000 device types. With over 12 billion die in stock, Rochester can manufacture over 70,000 device types.

General Summary

The Director of Accounting & Finance is responsible for managing all global accounting, financial, payroll, and administrative functions. This includes assisting the office of presidents at Rochester Electronics with budget preparation, conducting financial analysis and preparing financial reports, developing and maintaining an effective system of accounting, managing the payroll system, and maintaining accurate financial records for audit. The position collaborates closely with other key stakeholders, departments, and administrative team members. The position requires flexibility to work due to time-zone changes and may require occasional travel. The ideal candidate will have extensive experience working for a Manufacturing or Distribution company that is owned by an individual or private equity firm. This is an onsite job in Newburyport, MA.

Responsibilities
  • Oversee and manage accounting, finance, and payroll functions, including accounts payable, accounts receivable, credit and collections, and other areas. Implement and expect continuous review and improvement of all related policies and procedures to ensure proactive business improvement.
  • Responsible for collaborating with the executive office and VP of Human Resources regarding funding, annual review, and financial analysis of all health and wellness benefits.
  • Responsible for setting up new entities in other countries when needed; work pro-actively and collaboratively with local tax officials, e.g., a CPA firm, and involve other stakeholders within Rochester.
  • Actively contribute to the development and management of employee benefits with Human Resources.
  • Manage and coordinate contract review internally and coordinate, as needed, with external legal support.
  • Perform cash projections and management of account balances.
  • Manage departmental budgets, performance, and controls. Provide monthly performance report showing key metrics, goals, and strategic initiatives.
  • Manage and oversee corporate compliance requirements, reports and controls.
  • Ensure all payroll systems follow domestic local, state, federal, and foreign entity laws and regulations.
  • Coordinate and ensure that all tax, financial, and payroll tax reporting requirements, including W-2s and international tax reporting, are completed on time.
  • Proactively communicate and engage with the Company's designated CPA firm.
  • Manage and problem-solve with vendors who provide payroll application and technology support.
  • Act as project manager for software implementations and enhancements.
  • Manage and oversee the coordination of IT payroll projects and their budgets.
  • Communicate with stakeholders and executives about progress, plans, and issue resolution.
  • Remain current on labor legislation and employee insurance and tax regulations changes. Communicate information to others within the organization as appropriate.
  • Manage, nurture, and ensure solid and successful business relationships with all related banks, legal, financial, and other external services.
  • May be expected to perform other duties not mentioned herein.
Workforce
  • Oversee and manage all accounting, finance, payroll, and operations employees to develop into a world-class team.
  • Establish strategic direction using leadership principles within the department to enhance performance, communication, and flexibility within the group and greater organization.
  • Maintain working knowledge of payroll, credit, collections, AP and AR, etc.
Qualifications
  • A bachelor's degree in accounting, finance, or equivalent, or 15+ years of financial accounting and operational management with increasing levels of responsibility.
  • 15+ years of experience supporting business growth strategy and in a private equity or family-owned business focused in any or all the following industries: manufacturing, distribution, sales, and accounting.
  • Minimum 15 years of experience and knowledge leading and directing the team in all areas of accounting, finance, payroll, and related systems and applications.
  • Strong management, interpersonal, and analytical skills are essential, as well as the ability to be hands-on yet think long-term and strategically.
  • Strong knowledge of domestic and global tax and labor laws. Prefer a candidate with more than 15 years of demonstrated experience with international finance and business operations for managing budgets, audits, and financial reporting.
  • Strong organizational knowledge and experience using enterprise resource planning (ERP) systems, such as Epicor and HRIS (ADP). Hands-on knowledge of systems implementation to develop systems across the company. Participate in continuous education in systems capabilities and best practices.
  • Ability to proactively collaborate with diverse colleagues across multiple teams within or outside of the organization throughout domestic and global regions.
  • Naturally demonstrates effective communication, collaboration, organizational and strategic planning skills.
  • Committed to maintaining a high level of ethical standards and commitment to success.
  • Background in Six Sigma, process development, and process improvement
  • Must possess excellent skills for liaising with employees, external partners, and regulatory bodies as needed.


Rochester Electronics is committed to creating a diverse environment and is proud to be an equal-opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability status, age, veteran status, or other characteristics protected by applicable law. Rochester Electronics is committed to a culturally diverse workforce.

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