Manufacturing Accounting Manager
4 days ago
The Accounting Manager will oversee the company's general ledger, tracking assets, liabilities, expenses, and revenue. This role will be responsible for monthly, quarterly, and annual accounting close and financial reporting. The Accounting Manager will also develop models to assist management in understanding the financial impact of business decisions.
Key Responsibilities:
Reporting and Analysis:
Issue monthly and annual financial statements reporting on variances to budget and prior year. Complete monthly management reporting that is detailed and demonstrates trends in various areas of the business. Work with the parent company to ensure satisfactory completion of the annual audit by the outside public accounting firm.
Analysis and Decision Support:
Partner in the development and implementation of company plans and AYMs to maximize growth and income. Keep senior leadership informed on Company's performance and provide advice on financial matters. Prepare special reports and analysis to support company decision making. Assist in the identification of potential income improvement ideas, developing supporting plans to implement and monitoring results.
Cost Accounting:
Maintain and update the company's cost accounting system and methods. Ensure the company's ERP system accurately accounts for sales, cost of sales, and inventory values.
Working Capital Management:
Manage policy and business needs when approving credit to customers. Recommend steps to be taken to protect against default and minimize accounts receivable balances. Assist purchasing, as needed, to obtain the best price and terms with suppliers. Ensure compliance to agreed upon supplier price and terms in accordance with company policy and internal controls. Identify and monitor appropriate levels of inventory.
Staffing:
Manage a staff responsible for Cost Accounting, Decision Support, Accounts Payable and Accounts Receivable functions. Carry out department management functions, including but not limited to approving timecards and PTO requests, leading weekly departmental meetings, and holding bi-weekly one on one meetings. Assist staff in efficient and effective performance of departmental responsibilities and achievement of all department AYMs.
Budgeting:
Coordinate and direct the preparation of the annual budget and other financial forecasts, implementing and maintaining other planning and control procedures. Work effectively with department heads and parent company to complete budgeting and forecasting.
Compliance:
Coordinate with parent company to ensure compliance with all Federal, State, Local, Payroll and other applicable taxes. Ensure that records are maintained in accordance with generally accepted accounting principles.
Requirements:
A Bachelor's Degree in Accounting with a strong desire for CPA certification and Masters degree. Minimum of ten years working experience or commensurate experience. Experience in a Manufacturing environment preferred.
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