What are the responsibilities and job description for the Accounting Supervisor position at Lockton?
Your Responsibilities
Responsible for the monthly, quarterly, and annual analysis of the financial statements and other supplemental reports. Ensures all analysis and reporting are accurate and prepared in compliance with Generally Accepted Accounting Principles (GAAP) and Lockton’s policies and procedures. Supervises accounting associates in daily operations of one or more accounting functions, including general ledger and revenue. Establishes and implements productivity and quality standards. Makes day-to-day decisions for the operational business units.
Responsibilities:
Responsible for the monthly, quarterly, and annual analysis of the financial statements and other supplemental reports. Ensures all analysis and reporting are accurate and prepared in compliance with Generally Accepted Accounting Principles (GAAP) and Lockton’s policies and procedures. Supervises accounting associates in daily operations of one or more accounting functions, including general ledger and revenue. Establishes and implements productivity and quality standards. Makes day-to-day decisions for the operational business units.
Responsibilities:
- Effectively supervise and provide leadership while promoting a positive team environment.
- Prepare analytical reviews of the financial results, including a monthly cash flow analysis and corporate profit analysis.
- Prepare/review monthly supplemental financial reports.
- Review monthly budget variance reports and narrative analysis and ensure the ledger balances are supported by adequate documentation.
- Review production reconciliation and report monthly prior to distribution.
- Communicate financial results to US Finance Team and/or Series COO.
- Review the balance sheet monthly to ensure reconciling items are resolved on a timely basis and are supported by adequate documentation.
- Ensure new revenue transactions are appropriately documented and executed.
- Review of monthly Producer commission statements for any discrepancies.
- Review and guidance of monthly tasks including broker payments, finder’s fees, journal entries, co-produced revenue/expenses, and balance sheets.
- Research and resolve Producer questions.
- Onboard and educate new Producers and ensure compliance with their member agreements.
- Review the distribution of draw, excess commission, and tax distributions made to Producers.
- Review and ensure compliance with any terminated Producer agreements and effectively partner with the legal team for terminated Producer requests.
- Review quarterly and year-end tax workbooks.
- Review annual audit schedules.
- Review workpapers for the annual budgeting process.
- Partner with US Finance on complex GAAP and operating issues, financial reporting needs and forecasting/budgeting requests.
- Maintain a thorough knowledge of all functional areas and accounting processes with the ability to communicate with management and finance.
- Ensure that all deadlines are set and met and quality and service standards are maintained.
- Ensure compliance with all accounting department policies and procedures.
- Ensures compliance with revenue recognition policies.
- Provide direction and development for Seniors.
- Identify areas for process improvements.
- Assist with the implementation of new accounting policies and procedures.
- Lead project teams focused on accounting or organizational initiatives.
- Bachelor’s degree in Accounting or a bachelor’s degree in Finance with relevant accounting experience.
- 4-6 years of relevant accounting experience.
- Ability to communicate clearly and effectively with people in financial and non-financial roles, including Executives.
- Ability to think critically and challenge processes.
- Ability to convey a professional and positive image and attitude and foster a team-based environment.
