POSITION SUMMARY
The General Ledger Senior Accountant II will assist with the monthly, quarterly, and annual close accounting processes, which includes preparation of journal entries and general ledger account reconciliations for both consolidated and non-consolidated legal entities with an emphasis on the most technically challenging areas. In addition, the Senior Accountant II will prepare calculations of royalties, bonuses and commissions.
DUTIES AND RESPONSIBILITIES
- Prepare journal entries with work papers necessary to support the accuracy of the entry
- Ensure accounting records are in accordance with Generally Accepted Accounting Principles (GAAP)
- Evaluate new or existing accounting guidance as needed
- Assist with documenting the Company's accounting policies and procedures
- Comply with financial internal controls
- Prepare monthly account reconciliations and validate the accuracy of account balances
- Research and resolve account discrepancies
- Provide appropriate supporting documentation for account balances
- Analyze financial statements and explain variances in the financial results as compared to prior periods
- Calculate royalties, bonuses and commissions in accordance with legal documents and/or MSD policy
- Reconcile the fixed assets sub ledger including ensuring that any construction in progress is reviewed and posted to fixed assets within one month of its in-service date.
- Execute all required JDE fixed asset accounting processes to ensure that fixed assets are recorded, placed in service, and depreciated in accordance with company policy and US GAAP.
- Ensure that fixed asset sub ledger and general ledger are in balance
- Engage with representatives from other MSD departments to identify necessary accruals for the monthly close
- Prepare debt and lease reconciliations and amortization schedules in accordance with ASC 842
- Prepare debt compliance schedules and calculations on a monthly, quarterly or annual basis as required by the debt agreements
- Communicate frequently with the General Ledger Team to discuss accounting or other issues that may impact the timeliness and/or reliability of financial results
- Assist with year-end audit preparation, ad hoc reporting, and financial analyses as required
- Prepare schedules and provide information as requested for the Company's annual audit.
- Assist the Accounting Director and Financial Reporting Manager with research on GAAP pronouncements including Accounting Standards Codification Topic 842 on Leases
- Participate in Finance process improvement projects
- Perform other duties as assigned
EDUCATION AND QUALIFICATIONS
- Bachelor's degree in Accounting
- A minimum of 6 years of accounting experience
- Certified Public Accountant (CPA) preferred
KNOWLEDGE, SKILLS AND ABILITIES
- Strong knowledge of accounting fundamentals to include Generally Accepted Accounting Principles (GAAP) and the ability to document and adhere to accounting policies and procedures. Knowledge of government accounting standards a plus
- Strong analytical skills with a demonstrated ability to gather and evaluate complex data and information and develop a recommendation and plan of action.
- Working knowledge of Accounting Standards Codification 606, Revenue Recognition
- Working knowledge of Accounting Standards Codification 740, Income Taxes
- Proficient in working with accounting systems and designing and maintaining spreadsheets and data bases with a focus on Microsoft Office, particularly Microsoft Excel
- Ability to work independently, as an effective team member and with all levels of the organization
- Attention to detail with demonstrated commitment to excellence and performance
- Excellent organizational, planning, and time management skills with the ability to manage multiple and often changing priorities and issues of varying complexity, while meeting time-sensitive deadlines and deliverables
- Ability to resolve complex problems for the department and implement solutions that entails cross-functional coordination.
- Ability to build/foster relationships.
- Excellent communication skills with the ability to organize, present, and articulate ideas both verbally and in writing
- Ability to perform ad hoc reporting and other tasks as needed in a demanding financial environment with changing priorities.
- Ability to maintain good working relationships with internal and external customers, and display good interpersonal skills - cooperative, courteous, flexible
PHYSICAL DEMANDS
While performing the duties of this job, the individual is frequently required to sit, talk, and hear. The individual is occasionally required to walk; use hands and fingers to operate, handle, or feel objects, tools, or controls; reach with hands and arms. This position requires the ability to communicate and exchange information, utilize equipment necessary to perform the job, and move about the office.
WORK ENVIRONMENT
This position is performed in a traditional office environment with possible hybrid schedule.
COMPENSATION SUMMARY:
The annual base salary for this position ranges from $78,100 to $116,200. This salary range represents a general guideline as MSD considers other factors when presenting an offer of employment, such as scope and responsibilities of the position, external market factors, and the candidate's knowledge, skills, abilities, education and experience. Employees may qualify for a discretionary or non-discretionary bonus in addition to their base salary. These annual bonuses are intended to recognize individual performance and enable employees to benefit from the Company's overall success.
BENEFITS SUMMARY:
At MSD, we offer a comprehensive benefits package to support our employees' well-being and financial security. In addition to competitive salaries, our benefits include medical, dental, and vision coverage, along with prescription benefits. We provide a 401(k) plan with company matching, flexible spending accounts, and company-paid short- and long-term disability insurance as well as group life and accidental death and dismemberment insurance. Our offerings also encompass paid vacation, paid sick leave, paid holidays, and paid parental leave, along with an employee assistance program. Additional voluntary perks include a fitness club membership contribution, pet insurance, identity theft protection, home and auto insurance discounts, and optional supplemental life insurance.
