Financial Accounting Analyst

Job Title: Financial Accounting Analyst

Reports to: Director of Finance and Accounting

Salary Grade: 13

The Position:
The Financial Accounting Analyst will focus on general ledger and cost accounting activities, ensuring the accuracy and integrity of financial records. This position includes maintaining the general ledger, supporting cost accounting processes, and preparing financial analyses to guide strategic decision-making. Additionally, the role emphasizes collaboration, cross-training, and team support to ensure seamless accounting operations.

The ideal candidate will have a strong understanding of accounting principles, exceptional attention to detail, advanced financial modeling skills, and the ability to work collaboratively in a dynamic and fast-paced environment.

About Port Townsend Paper Company (PTPC)

The Port Townsend Paper (PTPC) mill is proud to have been in continuous operation for more than 90 years. We use a blend of virgin and recycled fibers (Kraft and OCC pulp) to produce Kraft pulp, paper, containerboard, medium and market pulp. We have built a strong and loyal customer base by developing and nurturing strategic partnership-style relationships.

At PTPC we believe that a healthy and safe work environment is fundamental to the success of all employees. We put that belief into practice every day by managing risk and building safety reliability into our processes and procedures. Engaging and empowering our workforce to maintain world-class safety performance is the pathway to achieving operational excellence. We also strive to preserve the environment, be good neighbors, and remain a valued member of the local community. Many of our employees have enjoyed working at PTPC for the greater part of their careers; we have employees with 20, 25, 30, even 35 years of service. PTPC is proud to provide good, prevailing wage jobs on the Olympic Peninsula.

Job Responsibilities:

• General Ledger Accounting:
  • Maintain and reconcile general ledger accounts to ensure accurate financial reporting.
  • Perform month-end and year-end close activities, including journal entries, accruals, and account reconciliations.
  • Ensure compliance with accounting standards (e.g., US GAAP) and internal controls.
  • Investigate and resolve discrepancies in general ledger accounts.
• Cost Accounting:
  • Analyze and allocate costs to appropriate cost centers and projects.
  • Assist in the development and maintenance of standard costing models.
  • Monitor inventory valuations and ensure accurate reporting of inventory costs.
  • Perform variance analyses between actual and standard costs, investigating and explaining discrepancies.
  • Provide cost analysis to support manufacturing or operational departments in identifying efficiency opportunities.
• Financial Reporting and Analysis:
  • Assist in preparation of detailed financial reports, including profit and loss statements, balance sheets, and cost analyses.
  • Provide insights into cost structures and recommend actions to improve profitability.
  • Ensure timely submission of financial data to management and stakeholders.
• Compliance and Internal Controls:
  • Uphold and monitor internal controls to safeguard financial data and ensure accuracy.
  • Support internal and external audits by providing documentation and explanations for general ledger and cost accounting transactions.
• Budgeting and Forecasting:
  • Assist in developing and monitoring budgets related to operational and cost accounting functions.
  • Support financial planning by preparing forecasts and scenario analyses for cost trends.
• Process Improvement:
  • Identify and implement improvements to streamline general ledger and cost accounting processes.
  • Collaborate with cross-functional teams to enhance financial reporting accuracy and efficiency.
• Team Collaboration and Support:
  • Support the Finance and Accounting team with other duties as assigned to ensure seamless operations.
  • Cross training to accounting team members to ensure continuity during vacations or absences.

Qualifications:

• Bachelors degree in Accounting, Finance, or a related field (CPA, or equivalent certification preferred).
• 35 years of experience in financial accounting and/or analysis
• Strong understanding of accounting principles, cost allocation methodologies, and manufacturing or operational accounting processes.
• Proficiency in financial software and advanced Excel and financial modelling expertise.
• Excellent analytical skills and problem-solving abilities with attention to detail and accuracy.
• Strong organizational and time management skills, with the ability to meet deadlines.
• Effective communication and interpersonal skills for collaboration across departments.

Preferred Skills:

• Experience in manufacturing or similar industry with a focus on cost accounting.
• Familiarity with ERP systems and reporting tools.
• Knowledge of inventory management and valuation practices.
• Ability to create and interpret financial models and cost scenarios.

Employment Terms

• Full-time, Exempt position, with overtime as required.
• Salary Range: $90,000 to $110,000
• 3 weeks paid vacation
• 9 paid holidays and one paid personal holiday per calendar year.
• Retirement plan
• Employee Assistance coverage with full services, including dietary and nutritional services, retirement planning, and support services.