Financial Accountant Specialist
1 week ago
We are seeking a highly skilled Financial Accountant Specialist to join our team at USA Rare Earth LLC. This role will be responsible for providing expert accounting services, ensuring accurate and timely financial reporting, and maintaining compliance with regulatory standards.
The ideal candidate will have a strong analytical mindset, excellent problem-solving skills, and proficiency in accounting software (e.g., SAP, QuickBooks, or ERP systems). They will also possess excellent attention to detail and strong organizational abilities to manage multiple responsibilities effectively.
Key Responsibilities:
- Accounts Payable (AP) Management: Receive, verify, and process invoices for goods and services, ensuring all invoices align with purchase orders and have the required approvals before payment.
- Vendor Relationship Management: Maintain relationships with vendors, address payment discrepancies, and assist with inquiries, which may involve negotiating payment terms or reconciling statements.
- Payment Processing: Prepare and schedule payments (checks, ACH, wire transfers) according to the company's cash flow and terms agreements with vendors.
- Expense Report Review: Review employee expense reports for compliance with company policy and ensure timely reimbursements.
- Account Reconciliation: Regularly reconcile accounts payable ledger to ensure that all payments are accurately recorded.
Inventory Control:
- Inventory Accounting: Record inventory purchases, ensure accurate cost allocation, and maintain an accurate inventory valuation in the financial system.
- Inventory Reconciliation: Perform regular reconciliations of inventory accounts to match physical counts with records in the accounting system.
- Cost of Goods Sold (COGS) Analysis: Track COGS, identify cost fluctuations, and analyze inventory turnover ratios.
- Inventory Adjustments: Identify and process adjustments related to obsolete or damaged inventory, write-offs, and stock discrepancies.
- Cycle Counts & Audits: Collaborate 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: Assist in month-end and year-end close processes, including posting journal entries and preparing account reconciliations related to AP and inventory.
- Reporting: Prepare reports related to accounts payable aging, inventory levels, and inventory turnover to provide management with insights into cash flow and stock levels.
- Compliance: Ensure compliance with internal controls, company policies, and regulatory standards for all AP and inventory-related processes.
- Variance Analysis: Conduct 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 (e.g., SAP, QuickBooks, or ERP systems).
- Excellent attention to detail and strong organizational abilities to manage multiple responsibilities effectively.
Work Environment:
The work environment will be in an office setting.
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