Accounting Professional

4 days ago


Schaumburg, Illinois, United States INX International Ink Full time
Job Description

The Accounting Professional, under the general direction of the Assistant Controller, will be expected to work on numerous accounting functions. They must have knowledge of and a demonstrated ability to apply generally accepted accounting principles and internal controls.

Key Responsibilities:
  • Lease Accounting: Maintain quarterly process for lease accounting in accordance with ASC 842, including contract review, working with third-party provider to acquire data inputs, recording journal entries and preparing reconciliations.
  • Revenue Recognition: Analyze and interpret complex customer contracts to determine appropriate revenue recognition in accordance with ASC 606. Reconciles revenue accounts and investigates discrepancies, making necessary adjustments as needed.
  • Financial Reporting: Prepare financial statements for foreign entity with subsidiaries - intercompany eliminations, inventory in-profit, equity method and year-end footnote preparation.
  • Currency Management: Prepare and enter foreign currencies into SAP.
  • Bank Reconciliation: Reconcile several bank accounts (multiple currencies) and makes proper adjusting entries.
  • Customer Rebates: Maintain customer rebates programs (creates and changes programs within SAP, accruals and issuances).
  • Financial Closing: Prepare monthly journal entries and supports month-end, quarterly and year-end financial closing process activity and reporting.
  • Reporting and Analysis: Prepare monthly and quarterly reporting; sales flash report, commissions, claims and government surveys.
  • Compliance: Participate in internal and external audits to ensure compliance with JSOX and US GAAP standards.
  • Account Reconciliation: Prepare account reconciliations/account analysis.
  • Currency Translation: Review currency translation.
  • Other Responsibilities: Perform various other responsibilities and projects as assigned.
Qualifications:
  • Bachelor's degree (B.A.) in Accounting from 4-year college or university; MBA, CPA or public accounting experience a plus;
  • 3-7 years of General Accounting experience, preferably in a manufacturing environment;
  • Excellent knowledge of accounting and financial processes, reporting, and budgeting;
  • Proficiency in financial reporting under US GAAP, experience with foreign entities a plus;
  • Highly organized with keen attention to detail;
  • Proficiency with data analysis, critical thinking and problem-solving;
  • Excellent communication and interpersonal skills;
  • Proficiency in Microsoft Office, SAP, IBM Cognos Controller - consolidation software;
Preferred Qualifications:
  • Exposure to ASC 842 and ASC 606 is strongly desired. Proficiency in financial reporting and US GAAP, with exposure to foreign entities and global consolidation;
  • Proficiency in computer-based applications, including SAP ERP;


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