Senior Accountant

Role: Senior Accountant 
Location: Schaumburg, IL - Hybrid
Compensation: $90,000 - $95,000

About the Job
The Senior Accountant, reporting to the Assistant Controller, will oversee various accounting functions with a strong understanding of generally accepted accounting principles (GAAP) and internal controls. This role requires a proactive individual with the ability to work independently, adapt to new challenges, and consistently perform with urgency and dedication.

Responsibilities

• Prepare financial statements for foreign entities and subsidiaries, including intercompany eliminations, inventory profit adjustments, equity method accounting, and year-end footnote preparation.
• Oversee the quarterly lease accounting process in compliance with ASC 842, including contract review, coordination with third-party providers for data inputs, recording journal entries, and preparing reconciliations.
• Analyze and interpret complex customer contracts to determine appropriate revenue recognition per ASC 606, reconcile revenue accounts, and resolve discrepancies.
• Manage foreign currency entries in SAP and reconcile multiple bank accounts across various currencies, making necessary adjustments.
• Administer customer rebate programs, including setup, maintenance, accruals, and issuance within SAP.
• Prepare and post monthly journal entries, and support month-end, quarterly, and year-end financial closing processes and reporting activities.
• Produce monthly and quarterly reports, including sales flash reports, commissions, claims, and government surveys.
• Participate in internal and external audits to ensure compliance with JSOX and US GAAP standards.
• Conduct account reconciliations and analyses, including currency translation reviews.
• Undertake various other responsibilities and projects as assigned.

Qualifications

• Bachelor’s degree in Accounting; MBA, CPA, or public accounting experience is a plus.
• 5-7 years of general accounting experience, ideally within a manufacturing environment.
• Strong knowledge of accounting principles, financial processes, reporting, and budgeting.
• Proficiency in financial reporting under US GAAP, with experience in foreign entities being advantageous.
• Highly organized with excellent attention to detail.
• Strong skills in data analysis, critical thinking, and problem-solving.
• Excellent communication and interpersonal abilities.
• Proficiency in Microsoft Office, SAP, and IBM Cognos Controller.
• Experience with ASC 842 and ASC 606 is required.
• Familiarity with SAP ERP and other computer-based applications.

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