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    Accounting Manager - Hyderabad, India - Northern Tool + Equipment, India

    Northern Tool + Equipment, India
    Northern Tool + Equipment, India Hyderabad, India

    5 days ago

    Default job background
    Accounting / Finance
    Description

    PRIMARY OBJECTIVE OF POSITION:

    To develop and lead a high performing Accounting and Finance operations team of Accountants (Analyst I Leads) through daily, monthly, and annual responsibilities ensuring financial accuracy is maintained in compliance with US GAAP. To develop and implement policies, procedures, systems, and best practices to improve effective financial accounting, reporting, and overall operational efficiencies for the purpose of maintaining accurate financial information and safeguarding company assets. To analyze the company's current policies and procedures and identify any deficiencies and inefficiencies, making correctional recommendations and overseeing their implementation.

    MAJOR AREAS OF ACCOUNTABILITY:

    • Delivers high quality support for accounting and finance business processes to meet the strategic growth objectives in a flexible, collaborative, and rapidly changing environment.
    • Build strong and highly functional partnerships across the finance organization including with the Finance Systems Solutions teams, Finance Shared Service teams, Financial Planning & Analysis, and Financial Accounting & Reporting teams located in India and the U.S.
    • Manages month end close activities ensuring team meets established timelines published in the monthly close calendar. This will include general journal entry review and approval, account activity and balance review for accuracy of financial data and validity of journal entries prior to posting. Investigates unusual account activity or balances prior to the final reporting of month end results. Lead and mentor a high performing team. Communicate financial escalations in a timely manner to the Assistant Controller.
    • Manages Sales, Settlement and Cash/Payment reconciliation, including sales from Retail, eCommerce and third-party selling programs, including but not limited to Amazon, eBay and Walmart Marketplaces. Directs the maintenance of the related general ledger accounts and reconciliations. Reviews reconciliations and ensures accuracy of general ledger accounts. Ensures procedures and documented and followed. Partners with Business Partners on process improvement and enhancements.
    • Manages accounting activities related to inventory. Directs the maintenance of the general ledger inventory accounts and ensures the distribution centers and store inventories are in sync with the general ledger. Researches the cause of discrepancies and ensures corrective action is taken to resolve system and repetitive issues.
    • Manages accounting activities related to Physical Inventory process and reporting. Ensure the Physical Inventory schedule prepared by Retail is communicated to team to meet time sensitive two-day reporting. Partners with Retail Store Managers on discrepancies and questions.
    • Presents reporting analysis to management and internal partners to assist in understanding operational trends in these areas, identify changes that may impact financial statements, and investigate variances for resolution.
    • Establish controls around process documentation expectations for the accounting team and oversee the assignment of responsibilities, establishment and cross-training of backups and periodic review and update of process documentation
    • Monitors and enhances current reporting deliverables and creates new reporting to increase effectiveness of business decisions and continue to add value to the organization through visualization and accelerate ability to absorb the data by end users.
    • Prepares external audit, bank and compliance requests related to Northern Tool + Equipment.
    • Supervises and manages employees, establishes performance requirements, clarifies responsibilities of those supervised, conducts performance appraisals and plans for individual employee development.
    • Keeps supervisor of important developments, potential problems and related information necessary for effective management. Coordinates and communicates plans and activities with others, as appropriate to ensure a coordinated work effort and team approach.
    • Performs related work as apparent or assigned

    QUALIFICATIONS:

    To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

    • Bachelors degree in accounting or finance is required. MBA a plus.
    • At least 8 years of related experience is required including experience with computerized Enterprise Resource Planning (ERP) systems. Microsoft Dynamics 365 experience is preferred. JDE/AS400 is a plus.
    • 5+ years experience of previous supervisory experience
    • Broad exposure to all fundamental financial and accounting disciplines including general accounting in accordance with Generally Accepted Accounting Principles (GAAP), substantive account reconciliations, financial statements and financial software including Excel, Word, Powerpoint required.
    • Broad exposure to other financial software including Access, BI Reporting Tools, Point of Sale systems, Reconciliation Tools (i.e. TrinTech Cadency, Reconnect or Blackline) ERP and warehouse management systems preferred.
    • Ability to define, drive and communicate strategy and vision of finance initiatives and goals.
    • Ability to execute at scale in a dynamic environment, build strong relationships and promote collaboration, identify talent, recruit, hire, coach, mentor and build high performing teams; experience setting direction, tracking progress, and ensuring accountability.
    • Great verbal and written communication skills
    • Demonstrates Northern Tool + Equipments 12 Core Competencies
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