Operational Accounting Manager

4 weeks ago

Newburyport, Massachusetts, United States UFP Technologies Full time
About UFP Technologies

UFP Technologies is a leading designer and manufacturer of comprehensive solutions for medical devices, sterile packaging, and other highly engineered custom products. As an important link in the medical device supply chain, the company is a valued outsource partner to top medical device manufacturers worldwide.

The company's single-use and single-patient devices and components are used in a wide range of medical devices and packaging for minimally invasive surgery, infection prevention, wound care, wearables, orthopedic soft goods, and orthopedic implants.

Job Summary

The Manager of Operational Accounting is responsible for ensuring that operational accounting areas, including Inventory/Costing, Accounts Payable, and Accounts Receivable, maintain all required accounting principles, practices, and procedures for a publicly traded manufacturing company with multiple reporting entities.

Key Responsibilities
  • Manage day-to-day activities of the accounts payable and accounts receivable departments to ensure timely, accurate, and well-controlled performance.
  • Manage the company-wide credit, collection, and cash application process to ensure adherence to company policies and procedures.
  • Manage the company-wide inventory accounting process, including supporting plant locations with inventory/costing issues and advising on proper procedures.
  • Support all aspects of monthly, quarterly, and year-end closings, including detailed account reconciliations for assigned functions.
  • Analyze balance sheet accounts for assigned functions on a monthly basis to ensure overall integrity and accuracy.
  • Assist the controller in managing quarter-end and year-end audits performed by a third-party public accounting firm.
  • Support other financial and related tax, bank, and insurance audits, as well as assist with preparation of external audit materials and external financial reporting.
  • Support the preparation of all periodic tax and statutory filings, including sales and use taxes, property and excise taxes, franchise taxes, and annual reports.
  • Monitor and analyze department work to develop more efficient procedures and resource utilization for continuous improvement in meeting critical deadlines accurately and timely.
  • Assist in the development, implementation, and training of new/automated systems.
  • Provide on-demand financial analysis to support decision-making, explaining monthly, quarterly, and annual financial variances, particularly in the Inventory/COGS areas.
Requirements
  • Bachelor's degree in Accounting, with a minimum of 10 years of directly related experience in positions demonstrating progressive responsibility.
  • Minimum of 5 years of experience managing personnel required.
  • Manufacturing industry and inventory/cost accounting experience required.
  • Strong Excel skills required.
  • Epicor ERP systems experience a plus.
  • Must be a self-starter who can function independently with little direct supervision.
  • Must possess strong interpersonal communication skills, both verbal and written, as well as a level-headed demeanor.
  • Ability and willingness to work extended hours as necessary, especially during the month-end closing process.

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