What are the responsibilities and job description for the General Ledger Associate position at Majestic Kitchen & Bath Creations?
POSITION DESCRIPTION
Position Title
General Ledger Associate
Division
Corporate Office
Department
Finance & Accounting
Reports to (title)
Accounting Manager
Team members of Majestic must align everyday actions with Majestic’s Core Values to ensure delivery of our vison to be the “Most Professional Trade Partner”. We believe our team can deliver certainty to our clients, customers, shareholders and teammates by exemplifying these values with each action.
ESSENTIAL DUTIES & RESPONSIBILITIES
- Processing invoices: Receiving, verifying, and reconciling invoices
- Monitoring expenses: Keeping track of costs and looking for ways to save money
- Paying vendors: Scheduling and preparing checks to pay suppliers and other vendors
- Resolving discrepancies: Fixing issues with purchase orders, contracts, invoices, or payments
- Maintaining records: Keeping records for tax purposes and other needs
- Managing cash flow: Helping the company meet its profitability goals
- Assist with accurate and timely month end close by preparing various journal entries and account reconciliations for cash, prepaids, accruals, inter-company, fixed assets payroll, and other various accounts.
- Preparing journal entries
- These may include entries for recurring expenses, accruals, deferrals, investment activity, and allocated expenses.
- Reconciling accounts
- This may include reconciling general ledger accounts on a monthly basis for fixed assets, prepaid expenses, accounts receivable, accounts payable, payroll liabilities, and restricted funds.
- Maintaining accounting procedures
- This may include documenting accounting procedures and internal controls.
- Assisting with audits
- This may include assisting with annual financial audits, maintaining subsidiary general ledger schedules, and compiling supporting documentation.
- Acts as the back up to Billing and Collection processing
- Miscellaneous Ad hoc tasks as deemed necessary by the Accounting Manager and or the CFO either as a temporary task assignment or eventually could be added as part of the role’s core set of responsibilities
EDUCATION REQUIREMENTS
- Bachelor's degree in accounting, business or finance.
EXPERIENCE REQUIREMENTS
- At least 3 years experience handling general ledger and month-end closing.
KNOWLEDGE/SKILL/CORE COMPETENCIES
- Excellent analytical skills
- Good communication and interpersonal skills
- Attention to detail for precise analysis of data
- Advanced Excel Skills
- Use advanced functions and formulas (vlookup, sumif, match, etc)
- Create PIVOT Tables
- Formulate templates needed in day-to-day or monthly processing for a more effective and efficient month end closing process
- Time management and multitasking skills with the ability to prioritize tasks.
- Ability to work under pressure and with motivation to succeed in a competitive business environment.
- Ability to work with teams and collaborate to solve challenges and address opportunities
CORE VALUES /ESSENTIAL QUALITIES
This position must understand, enforce, and emulate our core values at all times.
TEAM - We wear our jerseys with pride and embrace our differences. We learn from and value each other as we seek success.
OWNERSHIP - We think and act on behalf of the entire company, beyond just your team or role. We never say, "it's not my job."
GROWTH - Creates opportunities for our team and company. Simple is smart, and scale is utmost in our decisions.
PARTNERSHIP - We build lasting partnerships with our clients, suppliers, trade partners, and addresses.
REPUTATION – Our work is our signature, and our signature is everything. We actively listen and adapt as we strive to lead.
OPTIMIZE - We understand our responsibility to be efficient. We seek to eliminate waste, embed sustainability, and optimize our processes.
Employee Acknowledgement:
Print Name:
Signature: Date:
