Position Overview:
The Staff II Accountant within the General Accounting department is primarily responsible for intercompany accounting for the US and Canadian operations, managing financial transactions between the company's various subsidiaries. This position is responsible for monthly tasks related to merchandise and miscellaneous transactions, which include performing intercompany reconciliations, preparing and recording intercompany settlements, issuing miscellaneous billings and liaising with international accounting departments to resolve reconciling items. The Staff II Accountant will support the monthly close by performing Profit & Loss (P&L) variations and participate in departmental and company-wide projects and initiatives. This position requires a strong team player with strong analytical and problem-solving skills to identify and resolve discrepancies in financial data as well as excellent verbal and written communication skills to effectively collaborate with various stakeholders.
Location: This is an in-person position, requiring attendance four days a week at our office in Whippany, NJ.
Key Accountabilities:
Complete monthly responsibilities for intercompany merchandise activities, including:
- Perform detailed monthly review and matching of intercompany accounts receivable (AR) and payable (AP) balances
- Communicate with markets to identify and resolve discrepancies or aged items to investigate
- Process and record all intercompany cash movement and settlements related to merchandise transactions, ensuring timely application and verify that all intercompany merchandise related cash movement is correctly reflected.
- Reconcile intercompany sales between the general ledger and the intercompany data warehouse.
Complete monthly responsibilities for intercompany miscellaneous activities, including:
- Serve as the primary liaison for all intercompany miscellaneous transactions and inquiries across domestic and international markets, ensuring consistent application of intercompany policies and procedures.
- Prepare and issue intercompany miscellaneous billings to international markets for review ensuring completeness, timeliness and accuracy.
- Process and record all cash settlements for intercompany miscellaneous billings, ensuring proper allocation.
- Execute and record necessary intercompany reclassification entries between markets
- Reconcile intercompany miscellaneous accounts and proactively communicate with respective markets to investigate and resolve identified discrepancies to ensure timely resolution.
Responsible for executing monthly, quarterly and annual financial close processes and support external audits by completing assigned analysis, including:
- Recording interest and principal and FX movements on intercompany loans.
- Reviewing Profit & Loss (P&L) variations for Selling, Marketing, and General & Administrative (G&A) functions for US and Canadian entities, including collaborating with North America's Finance team and other business partners to provide detailed commentary and insights.
- Reviewing monthly intercompany matching reports generated from HFM to ensure timely resolution of any discrepancies.
Participate in identifying and executing the company’s business process improvement efforts.
- Explore and propose solutions for using automation to reduce manual efforts in manual reconciliation efforts.
Assist management with special assignments, as requested.
- Support IT initiatives impacting intercompany activities, by executing testing procedures to ensure that new systems or system enhancements adequately address intercompany accounting requirements.
Required Qualifications:
- Bachelor's degree in Accounting.
- 2-3 years of progressive experience in accounting, with a focus on intercompany accounting or general ledger management within a multi-entity or global organization.
- Proficient in Excel skills (pivot tables, VLOOKUPs, advanced formulas).
- Demonstrated analytical, problem-solving, and critical thinking abilities with exceptional attention to detail.
- Excellent written and verbal communication skills.
- Proven ability to work collaboratively in a team environment and interact effectively with cross-functional and international teams.
- Highly organized, self-motivated, and able to manage multiple priorities and deadlines in a fast-paced, dynamic environment.
- Ability to maintain a flexible work schedule during monthly and year-end closing, priority projects and special assignments.
Preferred Qualifications:
- A CPA or CPA candidate.
- Public Accounting Experience.
- Experience in JD Edwards E1, Hyperion Financial Management, and Power BI.
The hiring range for this position ranges from $77,000 - $95,000. The rate of pay offered will be dependent upon candidates' relevant skills and experience.