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Lead Financial Analyst

2 months ago

Torrance, California, United States DYNAMIC RESEARCH INC Full time
Job Description

The Company:
Dynamic Research Inc. (DRI) is at the forefront of enhancing vehicle safety through advanced vehicle dynamics, ADAS, and suspension system evaluations, as well as human factors research. As a subsidiary of the AB Dynamics Group, a prominent UK-listed entity, DRI specializes in delivering cutting-edge testing and development solutions for the global automotive sector. DRI operates from two key locations, ensuring comprehensive service delivery.

Job Overview:
This role is situated within the finance team at DRI. The successful candidate will be integral in guaranteeing the precise, efficient, and timely execution of daily, monthly, quarterly, and annual accounting functions. This includes maintaining and overseeing the general ledger accounts and business transactions in alignment with Generally Accepted Accounting Principles (GAAP). The position demands analytical skills and a meticulous review of financial documentation, particularly in a dynamic work environment. A critical aspect of this role involves accounting for and assessing the value of the company's inventory, alongside various Inventory & General Ledger responsibilities, while providing essential financial insights to organizational leaders for informed decision-making.

Responsibilities:
Key duties include but are not limited to:

  • Ensuring all business transactions comply with accepted accounting standards (GAAP).
  • Leading the month-end and year-end closing activities, including balance sheet reconciliations, accruals, and journal entries to guarantee timely and accurate financial reporting.
  • Assisting with Fixed Asset schedules, encompassing depreciation, disposals, and roll forwards.
  • Overseeing Accounts Payable and Accounts Receivable functions.
  • Investigating and resolving discrepancies across various accounts, including bank, credit cards, and accounts receivable.
  • Preparing journal entries and reconciliations with appropriate supporting documentation.
  • Collaborating with the finance team on annual budgeting and forecasting initiatives.
  • Working with other departments to ensure accurate and timely financial reporting.
  • Assisting with bookkeeping, monthly closing processes, and sales tax management.
  • Analyzing cost data, including product costs, labor expenses, overheads, and variances.
  • Reviewing supply chain inventory processes and managing adjustments in the General Ledger.
  • Preparing cost-related journal entries for month-end, quarter-end, and year-end closings.
  • Completing monthly balance sheet reconciliations related to inventory.
  • Generating regular cost reports and presenting findings to management, providing insights for cost-related targets.
  • Collaborating with Accounts Payable on adjustments based on procurement processes.
  • Identifying process inefficiencies, developing corrective action plans, and implementing process improvements.
  • Working with supply chain teams to provide inventory forecasts and performance comparisons.
  • Filing Sales & Use Tax Returns.
  • Coordinating and supporting internal and external audits, ensuring compliance and readiness.
  • Assisting management with reporting and special projects as required.

Qualifications, Knowledge, Experience & Behaviors:
Applicants should possess:

  • A Bachelor's degree in accounting or finance.
  • Comprehensive knowledge of GAAP.
  • A minimum of 5 years of relevant experience in General Accounting, Cost Accounting, or Inventory Analysis.
  • Experience in cost accounting within manufacturing or distribution sectors is preferred.
  • Proficiency in filing sales and use tax returns.
  • Advanced skills in Microsoft Office, particularly Excel.
  • At least 2 years of experience with QuickBooks.
  • Familiarity with Fishbowl is advantageous but not essential.
  • Strong multitasking abilities and deadline management skills.
  • Attention to detail, with excellent organizational and analytical capabilities.
  • Exceptional problem-solving and communication skills.
  • The ability to work both independently and collaboratively.
  • A genuine interest in the field of accounting.

Competencies:
Successful candidates will demonstrate:

  • Job Knowledge: A thorough understanding of job responsibilities and a commitment to keeping knowledge current.
  • Sense of Urgency: The ability to meet deadlines and prioritize tasks effectively.
  • Decision Making: Thoughtful decision-making skills, considering various options and seeking input when necessary.
  • Ethics: A commitment to honesty, accountability, and confidentiality.
  • Follow-up/Responsiveness: Timely follow-up and professional communication with internal and external stakeholders.

Why the AB Dynamics Group?
Our mission is to empower our clients to advance the development of vehicles that are safer, more efficient, and environmentally friendly. We lead through engineering innovation and technology, aiming to provide world-class automation and vehicle application solutions sustainably and passionately, ensuring excellent products and services for our partners. We are committed to ambitious objectives and uphold our values of Customers, People, Diversity, Innovation, Excellence, and Responsibility, fostering an inclusive workplace.