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Sr. Accountant; Supply Chain

4 months ago

Charlotte, United States Solve IMG Full time
Job DescriptionJob DescriptionSolve Industrial Motion Group is a global manufacturer of bearings and power transmission parts. Solve’s brand portfolio includes P.T. International, IPTCI Bearings, LMS Bearings, TRITAN Precision Power Transmission Components, SST, MasterDrive and SPB.  Collectively, they represent more than 100,000 products available from nine locations nationwide. Our unmatched dedication to quality materials and manufacturing processes, rigorous quality control, and end-to-end support and service have helped us grow to become a trusted supplier to high-performance industries worldwide. Our team members are knowledgeable “go-to” resources for power transmission products, support, and advice that keeps our customers’ businesses moving forward.

POSITION DESCRIPTION:  Reporting to the Director of Accounting, the Senior Accountant; Supply Chain will be responsible for accounting procedures and policies related to the company’s full inventory cycle, including supply chain logistics, cost of goods sold, and related accounts payable. This individual will have responsibility for initiating and tracking payments to inventory vendors. They will be the accounting subject matter expert on Solve’s inventory procurement and payment processes, logistics including accounting for freight and customs, inventory control procedures, cost variance accounting, and inventory valuation including FIFO method of costing and valuation reserves. Maintaining accurate accounting and reporting over inventory balances is vital to sustaining Solve’s competitive advantage in the industry.

RESPONSIBILITIES:
  • Participate in month-end reconciliations of the various inventory-related general ledger balance sheet accounts, including inventory, in-transit inventory, prepaid inventory balances, accounts payable and related clearing accounts; recording journal entries, analyzing results, identifying anomalies, and resolving issues accordingly
  • Monitor inventory related transactions from purchase order processing through sale of goods; identify, investigate and resolve issues in the processing of transactions; maintain reporting of transactions through lifecycle of the inventory, and reserves for obsolete and slow-moving inventories
  • Maintain appropriate tracking of inventory related vendor invoices including payment terms; initiating payments, vouching related invoices into the ERP system in a timely manner, while maintaining positive working relationships with vendors
  • Be a subject matter expert on the flow of inventory transactions and cost components including freight and customs costs and the application of FIFO inventory costing method, through maintenance of inventory verification procedures across warehouse locations
  • Partner cross-functionally across the organization (broader finance team, operations, sales, IT, etc.) to investigate and resolve issues, implement best practices, and perform other ad hoc projects to improve performance of the business
  • Identify opportunities for improvement through leveraging technology to streamline the accounting and related financial close and forecasting processes; maintaining compliance with established internal controls over transactions and reporting
  • Participate in the integration (processes and/or systems) of acquired businesses
QUALIFICATIONS:
  • Bachelor’s degree in a related field (e.g. Business, Accounting, or Finance)
  • 3+ years accounting experience
  • Accounts payable experience
  • Excellent communication, problem solving & trouble-shooting skills
PREFERRED QUALIFICATIONS:
  • CPA
  • Experience working with Epicor
  • Experience working in manufacturing and assembly environments with multiple warehouse locations
  • Experience working in a private equity backed company, and/or in a mergers and acquisitions environment
OUR EMPLOYEE VALUE PROPOSITION:
  • Market competitive benefits package, including company-sponsored health coverage, life insurance, 401(k) plan with company match, paid parental leave and paid time off
  • Work in a collaborative environment with passionate and innovative teammates
Solve is proud to be an Equal Opportunity Employer and prohibits discrimination or harassment of any kind. All qualified applicants will receive consideration for employment without regard to race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, status as a victim of domestic violence, a sex offence or stalking, or any other class or status in accordance with applicable federal, state, and local laws.

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