Lead Accountant

Baltimore Air Coil • Full-time • Jessup, Maryland, United States • 4m ago

POSITION PURPOSE

The Lead Accountant helps lead the general accounting function through involvement in month-end closing activities, financial statement analysis, account reconciliations, SOX compliance, intercompany accounting, freight accounting, GRIR Maintenance and P-Card policy enforcement and ad hoc audits. They will have a heavy focus and responsibility in the accounting side of the end-to-end PTP (Procure to Pay) process working closely with procurement, accounts payable and other finance team members to ensure proper accounting treatment, drive process improvements and perform in depth analysis of GL postings, variances, purchase orders, and GRIR. They will work closely with the Americas Controller on maximizing efficiency in DPO, cash flow, banking processes and other areas of need. The Lead Accountant will also be a key contributor in identifying and driving system improvements within SAP in coordination with IT and the business.

This position ensures the success of the overall general accounting function as well as procurement and AP and will be required to have a strong accounting background, advanced analytical skills, the ability to manage processes, experience with sales/use tax regulations, as well as a clear understanding and practical application of accounting principles. A successful candidate should be able to manage multiple tasks and projects based on priority and business impact; communicate effectively and efficiently with internal and external parties including employees, suppliers, senior executives, and IT; direct the recording of transactions in accordance with generally accepted accounting principles and BAC policies; support the maintenance of adequate internal controls; and seek and address opportunities for process improvement, increased financial performance, and risk mitigation.

PRINCIPAL ACCOUNTABILITIES

Perform standard month-end closing responsibilities such as journal entries, reconciliations, and financial statement reviews.

Manage the freight accounting process including analysis and recording of freight reports from TMS system, clearing of inbound freight GL, outbound freight reporting and all associated month-end responsibilities.
Intercompany – Record, reconcile and investigate intercompany transactions with foreign entities and JV’s. Work with regional finance teams to resolve intercompany variances in a timely manner. Assist with intercompany consolidation, eliminations and clearing processes.
Perform monthly analysis of GRIR by suppliers, PO’s, material types/groups and GL account.
Assist the AP team in supplier statement and activity reconciliations.
Support the SOX and internal audit processes – includes reporting of SOX business controls updates, walkthroughs, testing & gap remediation.
Identify and implement process improvements across various areas of finance along with other members of the finance team
Ensure transactions follow generally accepted accounting principles.
Review and approval of monthly AP journal entries and GL reconciliations and ensure compliance with company policies and controls.
Perform corporate credit card audits to ensure compliance with company policy
Maintain and update accounting policies within the scope of their job responsibility
Maintain relationships with banking institutions and continuously look for process improvements and ways to strengthen internal controls around AP and cash processes
Review sales/use tax on purchases for proper systematic and manual recognition
Identify and execute process, internal control, cost savings, and financial performance improvements.
Special projects as appropriate

PERFORMANCE INDICATORS

The Lead Accountant reports directly to the Americas Controller and will interact with all members of the finance team including BAC Plant Controllers, the Accounts Payable team, both corporate and plant-based procurement teams, Amsted internal audit and external auditors, external suppliers and various groups within the business. They will be a dynamic high-level contributor to the general accounting team who can handle multiple high-level and deadline driven processes, be thrown into ad hoc projects as needed, and execute their responsibilities accurately, efficiently, timely and with great attention to detail. A successful person in this role will transition into a people management role in the short- to medium-term.

The assigned location for this position is the Jessup HQ Office.

KNOWLEDGE & SKILLS

Managing Processes, Process Improvements, Data Analysis, Reporting Skills, Developing Standards, Financial Skills, Accounting

Bachelor’s degree in accounting, finance, or related field required
A minimum of 5 years of accounting experience
Internal controls/SOX and SOD experience preferred
Strong systems and ERP knowledge. SAP ERP (S/4 HANA) knowledge preferred
ERP Implementation experience is a plus
Highly proficient in Microsoft Excel with the ability to perform a wide range of formulas, keyboard shortcuts and macros in a variety of different scenarios
Understanding of associated functions such as procurement and sales and determination of proper accounting treatment
Working knowledge of general finance, banking, terms and conditions, and legal terminology
Excellent customer service, communication, organization, and leadership skills
Ability to manage multiple tasks and projects to meet specific deadlines

BAC Hiring Compensation Range $70,600-121,000.

BAC offers a comprehensive benefits package to include medical, dental, vision, paid time off, 401k, employee stock ownership plan, and more. Please see additional details on the BAC website at www.Baltimoreaircoil.com.

BAC Employees are eligible to participate in an annual bonus incentive program.

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