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Accounting Manager

4 months ago

Morgan Hill, United States The Ladders Full time
Toray Advanced Composites (TAC) is a leading supplier of advanced composite materials for the aerospace, sporting goods, motor sport and industrial markets. You will find our thermoset composite products on nearly every satellite, space launch vehicle, unmanned aircraft, military and commercial aircraft in production today. TAC also provides composites materials to industrial and recreational applications including mountain bikes, medical prosthetics and sports equipment.

Our thermoplastic prepregs, known in the industry as Cetex®, are found in a wide range of commercial and military aircraft, including large wing structures and interior applications like seats and galleys. Our Cetex products are available in unidirectional tape or fabric form in a variety of engineered thermoplastic resins including PEEK, PPS, PEI as well as a full line of performance thermoplastics including Nylon, PET, PC/ABS, HDPE, and PP.

SUMMARY OF FUNCTIONS:

The Accounting Manager will be responsible for all aspects of financial accounting. This role will lead a team of accounts payable, accounts receivable and general accounting. This role will be responsible for financial reporting and other monthly reporting requirements, such as maintenance of the general ledger, accounts payable reconciliation, month-end close, payroll, and tax filings. This manager will be responsible for ensuring the integrity of financial records including those required for reporting (external and various internal management and control reports). The Accounting Manager will also collaborate with Human Resources and Operations teams on strategic projects. This role is responsible for training and guiding new hires and train existing employees in different accounting functions to grow and develop their skills.

Please note roles and responsibilities are subject to change with or without advance notice.

MAJOR DUTIES AND REQUIREMENTS:
  • Manage and oversee the daily operations of the accounting department
    1. Accounts Payable and Receivable
    2. Payroll and Time and Labor
    3. Credit and Collections
  • Maintain an effective daily cash flow management system, and provide forecast reporting
  • Provide primary direction to the accounting functions, assuring compliance with overall Company policies and control procedures
  • Provide functional guidance to various operating departments in matters of financial reporting, budget procedures, cost controls, etc., in a manner that creates bottom-line value to the organization
  • Prepare and post month-end journal entries
  • Reconcile and monitor accounting transactions and publish financial reports monthly
  • Review and provide explanation for operating expenses during month end close
  • Prepare intercompany invoices to bill affiliates for expenses incurred and/or services provided
  • Review intercompany invoices from affiliates for accuracy and charges to general ledger
  • Preparation of schedules for corporate income tax filing
  • Intercompany accounting
  • Establish and enforce proper accounting methods, policies, and principles
  • Coordinate and complete annual audits, including 401K and Workers Comp
Accounts Payable:
  • Supervise the AP team to ensure timely and accurate processing of invoices, payments, and expense reports
  • Oversee vendor relations and manage any discrepancies or issues
  • Implement and maintain AP policies and procedures to ensure compliance with company standards and regulatory requirements
  • Determine if vendor invoices correctly reflect sales and use tax
  • Initiate stop payments on lost accounts payable checks
  • Prepare and file 1099 forms at year-end
Accounts Receivable:
  • Lead the AR team to ensure timely and accurate invoicing, collection of receivables, and application of payments.
  • Monitor aging reports and take appropriate action on overdue accounts
  • Develop and implement AR policies to improve cash flow and reduce days sales
  • Collaborate with the customer service team to address any issues such as RMA and resolve discrepancies promptly and effectively
General Accounting:
  • Maintain and reconcile the GL accounts to ensure accuracy and completeness.
  • Lead the Month-end and Year-end closing processes, including preparing, review and approve journal entries, account reconciliations, and financial statements
  • Preparation of schedules for corporate income tax filing
  • Intercompany accounting
  • Establish and enforce proper accounting methods, policies, and principles
  • Coordinate and complete annual audits, including 401K and Workers Comp
Payroll:
  • Collaborate with HR to support bi-weekly payroll
  • Book and reconcile all payroll related transactions
  • Assist in printing payroll-related checks in-house
  • Support Payroll, 401K, and WC audit
Other Tasks:
  • Prepare year-end reports and support audits
  • Improve systems and procedures and initiate corrective actions
  • Assign projects and direct staff to ensure compliance and accuracy
  • Train and mentor accounting personnel
EXPERIENCE AND/OR EDUCATION REQUIREMENTS:
  • Bachelor's degree in accounting or finance is required
  • At least 7 of experience in accounting is required
  • At least 3 years of experience working in a leadership role in accounting
  • Strong computer skills on MS Office, ERP software and Cognos
  • Proven knowledge of accounting principles, practices, standards, law and regulations
  • Experience with intercompany accounting
  • Strong working knowledge of IFRS is preferred
  • Experience in manufacturing standard costing and inventory/cost accounting is required
  • CPA or CMA is preferred
  • High attention to detail an accuracy
  • Ability to coach and train accounting personnel on assigned tasks
  • Must be able to communicate clearly (written and verbally) in English
  • Able to effectively work and communicate as a team and supervisor
  • Maintain work areas in a neat, orderly, and safe manner
  • Must be capable of lifting to 20 lbs.
  • Ability to work after hours, weekends, and off shifts when needed


Toray Advanced Composites employment practices offer equal employment opportunity and does not discriminate against its employees or applicants because of race, color, religion, sex, pregnancy, national origin, ancestry, age, marital status, physical or mental disability, medical condition, sexual orientation, or any other basis prohibited by law. Equal employment opportunity will be extended to all persons in all aspects of the employer/employee relationship, including recruitment, hiring, training, promotion, transfer, discipline, layoff, recall, and termination.