Domestic General Accounting
- Oversee the Domestic Accounting Manager who manages a team of 7 including accounts receivable, accounts payable, cost accounting and all general ledger activity.
- Ensure US balance sheet is properly stated, and all balance sheet accounts are reconciled.
- Perform variation analysis on the P&L
- Oversee cost accounting for costing of the products, LIFO, R&D tax credit, product development projections, inventory control, and reporting COGS results during the month-end close process
- Ensure cost accounting practices are following and all products and inventory are properly costed
- Work with the cost accounting team to develop best practices for costing.
International General Accounting
- Oversee the International Accounting Manager who manages a team of 5
- Oversee the accounting for all foreign subsidiaries including but not limited to: local GAAP compliance, US GAAP compliance, transactional completeness, proper cut-off and inventory oversight.
- Manage all reporting of foreign entities including monthly and quarterly financial analysis
- Working with the International Accounting Manger ensure all vendors and inter-company invoices are processed timely
- Monitor subsidiary cash positions and past due trade receivables
- Review the balance sheet and income statement of each foreign entity to ensure accounts are properly reconciled
- Manage all corporate documents relating to the foreign entities
- Oversee audits that occur at the foreign subsidiaries
- Monitor and implement Income, Franchise, and VAT tax changes
- Manage various reporting, including but not limited to, other requested reports, industry analyses, audit reporting, tax reporting, ROI analyses, etc.
- Review transfer pricing on an annual basis
Financial Reporting
- Monitor and implement GAAP and IFRS reporting requirements and changes
- Complete contribution margin analysis for the foreign subsidiaries
- Complete Cost of goods sold and gross margin consolidated bridge reports
- Close the books in a timely manner (target is 5 business days) ensuring all balance sheet accounts are properly stated, and P&L variation analysis is completed
- Update each subsidiary reporting package on a month basis
Information Technology
- Manage the IT requirement for the finance / accounting group including being the lead on all annual updates and major IT initiatives
- Monitor and assist in maintaining the General ledger and Standard Chart of Accounts
Banking & Insurance
- Manage banking relationships and all on-line controls of banking software
- Approve wire and ACH payments
- Oversee cash management for the global business including hedging transactions
- Help manage excess cash investments
- Oversee general insurance renewal and placement of proper insurance coverage to protect company's financial interests
Other Attributes
- Sundry due diligence assistance acquisitions, and financing transactions
- Continual development of reporting/system efficiencies and standardizations which reduce time requirements and increase quality of reporting, report preparation, reviewing and analyzing the company
- Continual development of process improvements, use of technology to create efficiencies, streamlined processes, and removal of paper and costs from current environment to improve customer service
- Maintain appropriate internal controls to properly safeguard company's assets, products, and customers
Staff Supervision
- Assign and review work, as well as provide guidance when needed
- Recommend salary increases/reclassifications, approve hires, promotions, terminations, and/or administer discipline within span of authority
- Interview prospective associates and assist with training of new associates in corporate accounting, accounts payable, accounts receivable, etc.
