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Director of Accounting

3 months ago

Canton, United States Ohio Gratings, Inc Full time
Job DescriptionJob Description

SUMMARY: The Director of Accounting is responsible for overseeing all accounting functions within Ohio Gratings and sister entities, ensuring accurate financial reporting, maintaining robust internal controls, and providing strategic financial insights. This role involves managing the accounting team, developing and implementing accounting policies, and ensuring compliance with all relevant regulations and standards. The Director of Accounting will work closely with the Director of Financial Planning & Analysis (FP&A) to align financial goals and support business strategies.

ESSENTIAL DUTIES/RESPONSIBILITIES:

Financial Reporting and Analysis:

  • Prepare and ensure the timely issuance of financial statements, including income statements, balance sheets, and cash flow statements.
  • Analyze financial data to identify trends, variances, and opportunities for improvement.
  • Ensure all financial reporting complies with Generally Accepted Accounting Principles (GAAP) and other relevant standards.
  • Perform and oversee month-end and year-end close procedures.
  • Perform and oversee the reconciliation of accounts.
  • Ensure all financial transactions are accurately recorded and reported.
  • Maintain and oversee the general ledger.
  • Post and review journal entries.
  • Assist in the implementation and improvement of financial systems and processes.

Budgeting and Forecasting:

  • Participate in the annual budgeting process, working with department heads to develop and consolidate departmental budgets.
  • Working closely with the Director of FP&A in preparing and presenting financial forecasts and projections to the executive team.
  • Monitor budget performance and recommend corrective actions as necessary.

Internal Controls and Compliance:

  • Develop, implement, and maintain internal control policies and procedures to ensure the integrity of financial data and to safeguard company assets.
  • Ensure compliance with federal, state, and local regulatory requirements, including tax filings and reporting.
  • Assist with internal and external audits, providing necessary documentation and explanations.
  • Stay updated on tax regulations and implications for the organization.
  • Coordinate with external auditors and manage the annual audit process.

Team Leadership and Development:

  • Manage, mentor, and develop the accounting team, fostering a culture of continuous improvement and professional growth.
  • Provide training and guidance on accounting principles and procedures.
  • Review and verify the accounting team’s contributions for accuracy and compliance.
  • Conduct performance evaluations and provide ongoing feedback and coaching.

Cost Management and Efficiency:

  • Identify and implement cost-saving initiatives to improve operational efficiency.
  • Collaborate with manufacturing and operations teams to optimize production costs and inventory management.

Process Improvement:

  • Drive continuous improvement in financial planning and analysis processes.
  • Implement best practices and tools to enhance the efficiency and accuracy of reporting.
  • Lead initiatives to automate and streamline financial processes.
  • Ensure alignment and collaboration within the finance team and across the organization.

Strategic Financial Management:

  • Provide strategic financial insights and recommendations to support business decisions and long-term planning.
  • Participate in strategic initiatives, such as mergers and acquisitions, capital investments, and business expansions.
  • Collaborate with other departments to support overall business goals and objectives.
  • Work closely with the CFO and executive team to align financial goals with overall business objectives.

Systems and Technology:

  • Oversee the implementation and maintenance of accounting software and systems.
  • Ensure accurate and efficient data processing and reporting through technology solutions.
  • Stay current with industry best practices and technological advancements to enhance accounting operations.
  • Identify opportunities for process improvements and efficiencies.
  • Stay current with industry trends, best practices, and new accounting standards.

All other duties as assigned.

EDUCATION, WORK EXPERIENCE, AND PROFICIENCIES:

  • Bachelor’s degree in Accounting, Finance, or a related field. CPA or CMA designation preferred. Experience in the manufacturing industry is highly desirable.
  • Minimum of 5-7 years of progressive accounting experience, with at least 3 years in a management role.
  • Strong knowledge of GAAP, financial reporting, and internal controls.
  • Excellent analytical, problem-solving, and decision-making skills.
  • Proficiency in accounting software (e.g., ERP, QuickBooks, etc.) and Microsoft Office Suite, particularly Excel.
  • Strong leadership and team management skills.
  • Excellent communication and interpersonal skills, with the ability to collaborate effectively with cross-functional teams.
  • High attention to detail and accuracy.
  • Ability to manage multiple priorities and meet deadlines in a fast-paced environment.
  • Must be strategic in orientation, proactive, persistent, and able to handle multiple projects/ simultaneously.
  • Must be flexible, resilient, and adaptable to working in an organization that is continuously growing and evolving.

EEO STATEMENT: Our company is an equal opportunity employer and affords equal opportunity to all applicants without regard to race, color, religion, gender, national origin, age, disability, veteran status, or any other characteristic or status protected under local, state, or federal laws.