What are the responsibilities and job description for the Accountant II position at mccormickt3.valhalla.stage?
McCormick & Company, Inc., a global leader in the spice, flavor, and seasonings industry, is seeking a full-time Rebate Accountant II. This new hire will work in Hunt Valley, MD. The Rebate Accountant II will report to a Global Rebate Accounting Manager.
McCormick & Company, Incorporated is a global leader in flavor with approximately 14,000 employees worldwide. With over $6 billion in annual sales across 160 countries and territories, we manufacture, market, and distribute spices, seasoning mixes, condiments, and other flavorful products to the entire food industry including e-commerce, retail,food manufacturers and foodservice businesses. Our most popular brands include McCormick, French's, Frank's RedHot, Stubb's, OLD BAY, Lawry's, Zatarain's, Ducros, Vahiné, Cholula, Schwartz, Kamis, DaQiao, Club House, Aeroplane, and Gourmet Garden. Every day, no matter where or what you eat or drink, you can enjoy food flavored by McCormick. Our Purpose is "To Stand Together for the Future of Flavor and our Vision is "A World United by Flavor—where healthy, sustainable and delicious go hand in hand."
As a company recognized for its exceptional commitment to employees, McCormick offers a wide variety of benefits, programs, and services. Benefits include, but are not limited to, tuition assistance, medical, dental, vision, disability, group life insurance, 401(k), profit sharing, paid holidays, and vacations.
Position Overview:
This position works closely with US Commercial Finance, Sales Technology, & AR and uses in-depth knowledge of our customers, processes & systems to oversee and provide guidance to ensure rebate and pricing allowances are loaded in the system to accurately recognize expense on our financials. The Rebate Accountant II performs annual, quarterly, and month-end tasks to ensure sales allowances are properly recorded for each accounting period. This role performs monthly reconciliations of the trade management system, completes complex analysis on trade funds, deal escalation & prepaid reserves, and makes recommendations to Business partners on risk & opportunities. The Rebate Accountant II works directly with all levels of Management to support Business objectives.
Main Responsibilities:
- Oversee US consumer contract routings, which have a high level of complexity, to ensure all expectations for accuracy, timeliness, and accounting rules are met
- Perform month-end & quarterly responsibilities for sales accrued allowances including postings with direct financial impact
- Perform accrued sales allowance & AR reconciliations for US region to ensure key Balance sheet accounts are properly stated for the reporting period.
- Perform the trade management (TPM) reconciliation and facilitate meetings with the vendor support team, McCormick IT, and Sales Finance to resolve discrepancies, so the balances are accurately stated for sales planning.
- Provide quarterly analysis on trade funds that is used by US Senior Finance Leadership to make business decisions that impact the financials.
- Perform ad hoc analysis on aging schedules, budget, forecasting, prepaid/deal escalation reserves, risk meeting & tax legal entity reporting.
- Lead small sized projects and supports finance initiatives.
- Evaluate financial controls and ensures compliance under Sarbanes Oxley. Interact with internal and external auditors as necessary to complete audits
McCormick & Company is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected veteran status, age, or any other characteristic protected by law.
As a general policy, McCormick does not offer employment visa sponsorships upon hire or in the future.
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