Senior Financial Analyst

7 days ago

Stillwater, Oklahoma, United States USA Rare Earth LLC Full time
About the Role

We are seeking a highly skilled Senior Financial Analyst to join our team at USA Rare Earth LLC. The successful candidate will be responsible for providing financial expertise and support to ensure accurate and timely financial reporting, adherence to compliance standards, and effective support for operational and strategic objectives.

The ideal candidate will have experience in accounts payable, inventory control, and general accounting, with strong analytical and problem-solving skills, proficiency in accounting software, and excellent attention to detail.

Key Responsibilities
  • Accounts Payable (AP) Responsibilities:
    • Invoice Processing: Receiving, verifying, and processing invoices for goods and services, ensuring all invoices align with purchase orders and have the required approvals before payment.
    • Vendor Management: Maintaining relationships with vendors, addressing any payment discrepancies, and assisting with inquiries, which may involve negotiating payment terms or reconciling statements.
    • Payment Processing: Preparing and scheduling payments (checks, ACH, wire transfers) according to the company's cash flow and terms agreements with vendors.
    • Expense Reports: Reviewing employee expense reports for compliance with company policy and ensuring timely reimbursements.
    • Reconciliation: Regularly reconciling accounts payable ledger to ensure that all payments are accurately recorded.
  • Inventory Controls:
    • Inventory Accounting: Recording inventory purchases, ensuring accurate cost allocation, and maintaining an accurate inventory valuation in the financial system.
    • Reconciliation of Inventory Accounts: Performing regular reconciliations of inventory accounts to match physical counts with records in the accounting system.
    • Cost of Goods Sold (COGS) Analysis: Tracking COGS, helping to identify cost fluctuations, and analyzing inventory turnover ratios.
    • Inventory Adjustments: Identifying and processing adjustments related to obsolete or damaged inventory, write-offs, and stock discrepancies.
    • Cycle Counts & Audits: Collaborating with operations to conduct periodic cycle counts or full inventory audits to validate inventory records and ensure accuracy in financial reporting.
  • General Accounting Support:
    • Month-End Close: Assisting in month-end and year-end close processes, including posting journal entries and preparing account reconciliations related to AP and inventory.
    • Reporting: Preparing reports related to accounts payable aging, inventory levels, and inventory turnover to provide management with insights into cash flow and stock levels.
    • Compliance: Ensuring compliance with internal controls, company policies, and regulatory standards for all AP and inventory-related processes.
    • Variance Analysis: Conducting variance analysis on inventory and accounts payable accounts to identify and explain deviations from budgeted or forecasted amounts.
Requirements
  • A degree in Accounting, Finance, or a related field.
  • Experience in accounts payable, inventory control, and general accounting.
  • Strong analytical and problem-solving skills, with proficiency in accounting software.
  • Excellent attention to detail and strong organizational abilities to manage multiple responsibilities effectively.
Work Environment

This role is based in an office setting.

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