Description
Summary:
The Principal Analyst is responsible for Senior level plant accounting functions of assigned area, with a strong emphasis on financial statement variance analysis and maintenance of accounting controls. In this role, he/she also is a significant contributor in Management goals of continuous improvement and operational excellence at strategic and tactical levels. The Principal Analyst regularly participates in the review of best practices, initiates and supports projects, communicates ideas to management, engages groups across numerous functions, and represents his/her division as an active participant on project teams. The Principal Analyst serves as a key resource to the Region’s Manager - Accounting, analysis and reporting matters spanning multiple sites.
Responsabilities:
- Demonstrates strong safety culture through personal behavior and commitment to environmental, health & safety.
- Responsible for the accounting of a specific manufacturing plant / product line with two separate and distinct P&Ls rolling up to two separate SEC filers, including complete ownership of the P&L, Manufacturing Statement, and Balance Sheet accounts.
- Executes month-end, quarter-end, and annual close duties. Prepares accruals and records journal entries. Maintains general and supporting sub-ledger balances. Prepares monthly, quarterly and annual reconciliations for assigned areas and accounts.
- Ensures accuracy of inventory. Performs month-end inventory reconciliation and revaluation procedures, maintains slow moving/obsolete reserves, and manages overall inventory controls. Supports inventory reporting.
- Validates intercompany transactions and balances monthly with counterparties.
- Performs detailed review of financial statement information, explains material variations, and confirms the financial results are accurately represented before the period is closed.
- Ensures adherence to and effectiveness of internal control in areas of responsibility.
- Manages numerous deadlines and responds promptly to management requests.
- Coordinates and supports activities across locations and departments.
- Collaborates regularly with other functions, including logistics, manufacturing, customer services, and the commercial function.
- Prepares and distributes monthly/quarterly reporting packages for various management teams.
- Prepares monthly forecasts and assists in preparation of annual operating expense and capital budgets.
- Assists in the development and maintenance of financial models used for forecasting, budgeting, and analysis.
- Operates as the key financial expert and communications liaison for assigned plant/products.
- Assists plant management with site cost savings/profit improvement programs.
- Assists business leadership with detailed profitability assessments.
- Identifies process and reporting gaps and drives for corrective action. Leads continuous improvement and value initiatives.
- Cross-trains and shares best practices with other team members.
- Researches and applies technical US GAAP requirements.
- Facilitates internal and external audit requests.
- Performs additional ad-hoc analysis and reporting, and other duties as assigned by manager.
- Conducts additional analytical and reporting activities in support of other regional manufacturing sites.
- Bachelor’s Degree in Accounting with 7 plus years of accounting experience.
- Public accounting experience strongly preferred.
- CPA, CMA or Master’s degree preferred.
- Experience in a manufacturing environment working with A/P, General Accounting, Payroll, Inventories, Fixed Assets, Cash Accounting, Financial Analysis & Reporting and Multi-plant and budgeting is also preferred.
- Knowledge of SAP and BPC accounting systems is preferred.
- Strong financial analysis and cost accounting experience is required. Skills necessary to analytically review/explain accounting results and financial data, substantiate financial statement balances as well as prepare financial statement account reconciliations.
- Ability to consistently meet deadlines.
- Excellent communication and interpersonal skills. Exhibits clear and concise written and verbal communication.
- Ability to work and communicate effectively at all organizational levels and across functional areas.
- Skilled at identifying, measuring, evaluating and improving, if needed, the effectiveness of accounting, managerial, financial and operational controls.
- Thorough attention to detail and accuracy.
- Excellent problem resolution and decision-making skills.
- Sound planning and organizational skills and the ability to handle multiple concurrent assignments.
- Maintains professionalism and reacts well under pressure.
- Ability to work both independently and in a team environment.
- Demonstrated leadership as part of a cross-functional management team.
- Proficiency with Microsoft Office including Excel.
