What are the responsibilities and job description for the Accounting Supervisor position at POWEREX, INC.?
Job Details
Job Description
PRIMARY FUNCTIONS: The Accounting Supervisor is responsible for overseeing the accounting operations of the company. This includes producing regular financial reports, maintaining an accurate system of accounting records, and establishing and monitoring controls. The objective is to enhance the accuracy of the company's financial reporting and ensure compliance with generally accepted accounting principles (GAAP) or international financial reporting standards (IFRS). Additionally, the supervisor ensures that inventory is accurately valued and that any potential risks are identified and managed.
Key Responsibilities:
- Ensure compliance with GAAP standards and company policies and procedures.
- Oversee accounting operations and subsidiary corporations.
- Ensure timely payment of accounts payable and collection of accounts receivable.
- Oversee all inventory accounts including trend analysis, monthly reconciliations and trends, conduct physical inventory audits and reconciliation and resolve discrepancies.
- Review and update standard costs in the ERP.
- Perform inventory price testing to ensure evaluations are correct.
- Review inventory held at suppliers and perpetual inventory reports.
- Ensure adequate reserves for obsolete and slow-moving parts.
- Assist in preparing financial statements and managing the annual budget.
- Provide financial analyses for capital investments and pricing decisions.
- Coordinate with external auditors and comply with government reporting requirements.
- Calculate and compare the full absorption ratio to the general ledger monthly.
- Other duties as assigned
Reporting:
- Provide financial analysis and assist with monthly and annual financial statements.
- Issue financial and operating metrics and recommend benchmarks.
- Reconcile inventory report monthly from ERP to GL
Compliance:
- Ensure accounting policies related to inventory are followed.
- Monitor and document daily cycle counts.
- Assist with annual financial audits and physical inventory counts.
Directions of Others:
- Supervisor to accounts receivable and accounts payable
Job Qualifications
Education Requirements:
Bachelor’s Degree in Accounting, Finance or Equivalent required; Master’s Degree preferred
Experience Requirements:
- Minimum of 3 years’ experience in reporting, consolidation and financial analysis. Experience in manufacturing industry and/or inventory control a plus.
- Accounting/GAAP knowledge
- Advanced knowledge of Microsoft Office (emphasis on Excel)
- Excellent Communication skills
- Strong initiative and ability to manage multiple projects as well as strong follow through skills
- Ability to complete projects timely and accurately
- Must be detail oriented with strong organizational and analytical skills
- Must be US Citizen or lawful permanent resident.
At Powerex, we are dedicated to equal employment opportunity. We provide a workplace that values diversity and prohibits discrimination based on race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws. We are committed to fair employment practices and creating an inclusive environment where all employees and applicants are treated with respect and given equal opportunities for growth and advancement.
