Inventory Accounting Specialist
2 weeks ago
Title:
Inventory Accounting Specialist
Location:
Mississauga, ON, CA, L5J 1K2
****Basic Function****
Reporting to the Manager, Accounting, the Inventory Accounting Specialist is a key member of the Accounting Team and ensures that inventory within scope of our business is valued/costed appropriately, ensures physical existence of inventory at all locations, and monitors movements for valid transactions. This role also participates in other accounting duties such as SAP month end close, SAP master data controls, and financial statement reviews. It champions various processes and management systems within Accounting and the Petro-Canada Lubricants Inc businesses ensuring stringent adherence to accounting policy, standard operating procedures, SOX processes and controls and other internal processes so that Lubricants can maintain accurate, timely and useful financial statements.
****Job Duties****
* Supporting Lubricants Accounting in:
+ Month end accounting
+ Inventory valuation
+ Account reconciliations preparation/review
+ Performing various assigned financial calculations, maintenance and creation of schedules, reports, review of contracts, invoices and other financial data
+ Recording/amortizing swaps, hedging and various debt instruments
+ Analysis of sales and volume margins
+ Transfer Pricing between Petro-Canada Lubricants Inc. and other HollyFrontier Corporation entities
+ SAP month end close
+ Other areas as needed
* Oversee master data changes in SAP red box
* Assist in audit requests for all statutory and US GAAP accounting and tax requirements
* Participate in the accounting review of the accuracy and completeness of the monthly financial statements, ensuring their integrity through proper reconciliation and analysis, including month end support and variance analysis
* Own foreign jurisdiction statutory financial preparation, audit liaison and filing
* Project execution leadership (authoritative and non-authoritative), including possibly M&A requirements and SAP upgrades and/or implementations
* Compliance with IFRS and HFC accounting and corporate policies and procedures, internal controls and SoX, including identification of non-compliances, their investigation and resolution
* Support the Finance team from time to time, including assistance with budget, forecasting, and financial statement analysis
Special assignments or tasks assigned to the employee by their supervisor, as determined from time to time in their sole and complete discretion
****Experience****
* Minimum ten years of relevant accounting experience
* Leadership experience preferred
****Education Level****
* Bachelors degree
* CPA (or equivalent) accounting designation required
****Required Skills****
* Strong understanding and working knowledge of GAAP
* Ability to integrate accounting standards, company policies and procedures, internal and SoX controls, operational issues
* Solid knowledge of SAP (FI, CO, PM, MM), Outlook, EXCEL, WORD, BW or BI
* Working confidence with different technologies/software
* Understanding of SoX and financial controls.
* Strong analytical, interpersonal and communication skills to manage and resolve issues and maintain business partner relationships
* Have a continuous improvement mindset
* Ability to multi task and work independently
****Work Conditions****
* This is an office based role that may start as hybrid
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