Lead Financial Accountant

2 weeks ago


Schaumburg, Illinois, United States Brilliant Financial Search - IL Full time
Job Overview

Position – Lead Financial Accountant
*Hybrid – 3 days in office, 2 days remote – Initial training period requires daily in-office attendance for approximately 3 months.*

Position Summary:

The Lead Financial Accountant, under the guidance of the Assistant Controller, will manage a variety of accounting operations while demonstrating a comprehensive understanding of generally accepted accounting principles (GAAP) and internal control systems. This position calls for a self-motivated individual capable of working autonomously, embracing new challenges, and consistently delivering results with urgency and commitment.

Key Duties:
  • Oversee the quarterly lease accounting process in alignment with ASC 842, which includes contract analysis, collaboration with external providers for data collection, journal entry recording, and reconciliation preparation.
  • Evaluate and interpret intricate customer contracts to ascertain proper revenue recognition in accordance with ASC 606, reconcile revenue accounts, and address any discrepancies.
  • Compile financial statements for international entities and subsidiaries, incorporating intercompany eliminations, inventory profit adjustments, equity method accounting, and year-end footnote preparation.
  • Manage foreign currency transactions in SAP and reconcile multiple bank accounts across different currencies, making necessary adjustments as required.
  • Administer customer rebate programs, including setup, ongoing maintenance, accruals, and issuance within SAP.
  • Prepare and post monthly journal entries, and assist in the month-end, quarterly, and year-end financial closing processes and reporting activities.
  • Generate monthly and quarterly reports, including sales flash reports, commissions, claims, and government surveys.
  • Engage in internal and external audits to ensure adherence to JSOX and US GAAP standards.
  • Conduct account reconciliations and analyses, including reviews of currency translations.
  • Take on various additional responsibilities and projects as assigned.
Qualifications:
  • Bachelor's degree in Accounting; an MBA, CPA, or experience in public accounting is advantageous.
  • 5-7 years of general accounting experience, preferably in a manufacturing setting.
  • Strong understanding of accounting principles, financial processes, reporting, and budgeting.
  • Expertise in financial reporting under US GAAP, with experience involving foreign entities being beneficial.
  • Highly organized with exceptional attention to detail.
  • Strong analytical skills, critical thinking, and problem-solving abilities.
  • Excellent communication and interpersonal skills.
  • Proficiency in Microsoft Office, SAP, and IBM Cognos Controller.
  • Experience with ASC 842 and ASC 606 is highly desirable.
  • Familiarity with SAP ERP and other relevant software applications.

Company Overview:
Brilliant Financial Search is a distinguished direct-hire, contract, and consulting firm specializing in accounting, finance, and technology across the Midwest and Southeast regions of the United States. Many of Brilliant's team members are former professionals in accounting, finance, and technology, bringing their expertise to the field.



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