What are the responsibilities and job description for the Senior Accountant position at XFS Global LLC?
Job Title: Senior Accountant
Job Description: The Senior Accountant is a key member of the finance/accounting team responsible for overseeing and managing the financial operations. This role involves ensuring accurate financial reporting, maintaining compliance with accounting standards and regulations, and providing valuable insights to support strategic decision-making within the organization. The Senior Accountant will collaborate closely with cross-functional teams, including production, procurement, inventory management, and finance.
Responsibilities:
Ø Financial Reporting:
· Perform accounting entries relating to but not limited to; banking, AR, AP, payroll, production, inventory daily and/or as needed.
· Prepare and analyze financial statements, including income statements, balance sheets, and cash flow statements, for the Company.
· Maintain and reconcile general ledger accounts related to manufacturing activities.
· Monitor and review manufacturing-related transactions to ensure accuracy and completeness.
Ø Cost Analysis and Inventory Management:
· Calculate and analyze product costs, including direct and indirect costs, overheads, and variances.
· Collaborate with inventory management to ensure accurate valuation and reporting of inventory levels.
· Provide insights into cost-saving opportunities and efficiency improvements within the manufacturing process.
Ø Payroll
· Complete bi-weekly payroll in an accurate an timely manner.
· Enters and reconciles payroll information to the general ledger
Ø Budgeting and Forecasting:
· Assist in the preparation of the annual budget and periodic forecasts.
· Monitor actual performance against budgeted figures, identifying and explaining variances.
· Work with operational teams to align financial goals with operational objectives.
Ø Compliance and Internal Controls:
· Ensure compliance with accounting principles, standards, and regulations.
· Participate in internal and external audits, providing necessary documentation and explanations.
· Implement and maintain strong internal controls to safeguard financial integrity.
Ø Process Improvement:
· Identify opportunities to streamline manufacturing-related financial processes.
· Work with cross-functional teams to optimize costing methodologies and reporting systems.
· Implement best practices to enhance efficiency and accuracy in financial operations.
Ø Financial Analysis and Decision Support:
· Provide financial analysis and insights to support strategic decisions related to product lines, production capacity, and capital investments.
· Collaborate with management to evaluate the financial impact of various manufacturing initiatives and projects.
Ø Team Collaboration:
· Collaborate with the broader finance/accounting team to ensure consistency in reporting and alignment with overall financial goals.
· Communicate effectively with non-financial stakeholders to explain financial results and provide recommendations.
Ø Taxation:
· Ensure tax reporting, documentation and payments are prepared timely.
Ø Qualifications:
· Bachelor's degree in Accounting, Finance, or a related field. CPA or CMA certification is a plus.
· 4 years of experience in accounting or finance, with a focus on manufacturing or cost accounting.
· Proficiency in financial software and ERP systems. Experience with manufacturing-specific software is advantageous.
· Strong analytical and problem-solving skills, with attention to detail.
· Excellent understanding of manufacturing processes, cost structures, and inventory management principles.
· Advanced proficiency in Microsoft Excel for financial analysis and modeling.
· Knowledge of relevant GAAP accounting standards.
· Strong communication skills to convey complex financial information to non-financial stakeholders.
· Ability to work independently and collaboratively within a team environment.
Job Type: Full-time
Pay: $70,000.00 - $80,000.00 per year
Benefits:
- Dental insurance
- Health insurance
- Life insurance
- Paid time off
- Vision insurance
Schedule:
- 8 hour shift
Ability to Commute:
- Natural Bridge Station, VA 24579 (Preferred)
Work Location: Hybrid remote in Natural Bridge Station, VA 24579
Salary : $70,000 - $80,000