Senior Accountant - Hyderabad, India - Northern Tool + Equipment

Description

Are you an individual who wants to play a game changing role and make an impact in a fast-growing organization? We at Northern are waiting for you. Join us and unleash your potential

We are hiring Senior Accountant - Inventory Accounting

PRIMARY OBJECTIVE OF POSITION:

To maintain records of inventory and freight related accounting transactions and balances. To assist in preparing accurate and timely financial and operating reports including trial balances, adjustments, closing entries and substantive account reconciliations. To assist in analysis and interpretation of accounting records for use by management.

MAJOR AREAS OF ACCOUNTABILITY:

• Prepares and enters monthly journal entries within the timelines established in the monthly close calendar.
• Reviews entries, account activity and/or account balances within timelines established in the monthly close calendar. Corrects or investigates all unusual account activity or balances prior to final reporting of month end results.
• Owns accounting activities related to inventory. Maintains 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.
• Provides reporting and analysis regarding inventory and freight to management to assist in understanding operational trends in these areas. This will include monthly variance analysis as well as special projects and requests required throughout the year.
• Compares actual results against budgets to ensure accuracy and completes variance analysis for assigned areas. Investigates unexplained variances proactively to identify and explain or correct root cause.
• Prepares substantive general ledger reconciliations in the format and timelines designated by Finance management each month. Investigates new, unexplained variances to understand and eliminate the problem(s) causing the unreconciled differences. Resolves old reconciling items within an acceptable time frame.
• Performs Standard Cost change roll up and system configuration regarding accurate costs.
• Reviews entries and reconciliations of inventory staff accountant(s). Resolves old reconciling items within an acceptable time frame.
• Promotes changes in procedures and reporting to increase efficiency by reducing manual processes.
• Assists in the resolution of questions from department managers concerning the results of monthly financial reports.
• Assists management in finding more accurate methods and information to calculate reserves and activity.
• Assists in the preparation of the annual budget by supplying accurate and timely budgeting schedules for assigned areas of responsibility.
• Reports accounting methodology changes to the Manager of Financial Planning and Analysis to ensure key assumptions are correct.
• Prepares work papers as requested by external auditors, bank auditors and/or compliance requests for assigned accounts.
• Answers auditor's questions regarding policy and procedure and account reconciliations.
• Keeps supervisor informed of important developments, potential problems and related information necessary for effective management.
• Answers P&L questions from department heads within 24-hours.
• Keeps the supervisor informed 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.

• Bachelor's degree in accounting or a related field.
• Certified Public Accountant (CPA), or working toward CPA, preferred.
• At least 3 years of related experience in accounting and/or auditing.
• Experience with financial statements and general ledger account reconciliation.
• Knowledge of accounting policies, programs, procedures and practices, financial reporting requirements, budgeting, and forecasting.
• Strong knowledge of general accounting principles and methods.
• 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.
• Experience with computerized Enterprise Resource Planning (ERP) systems is required. Microsoft Dynamics 365 experience is preferred. JDE/AS400 is a plus.
• 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.
• Must be able to communicate effectively, both orally and in writing, with a wide variety of Company personnel and those outside the Company.
• Strong attention to detail and accuracy.

About the Company

Northern Tool + Equipment is a retailer and manufacturer that specializes in offering superior quality tools at great prices, along with the knowledge and support needed to help customers get the job done right.

They've been in business for over 40 years, recently reaching revenues over $1.5 billion. The company not only supplies over 100,000 tools from the top brands in the industry but also designs, manufactures, and tests an extensive lineup of premium private label products that customers can't get anywhere else.

Northern Tool's far-reaching customer base includes handy men and women, weekend hobbyists, serious do-it-yourselfers, full-fledged contractors, trade professionals, and more. The company's products can be found in over 120 retail stores in the USA, on its comprehensive international website, and via numerous catalogs throughout the year. Recently Northern Tool has expanded operations to offices in India to serve its global distribution better.

We are recently named as one of the Top Workplaces for MidSize Employers by Forbes in the US.

We have also been recognized as the "Top GCC to work for in AI and analytics" and our India HR team as the "Top HR Professionals in AI and Analytics" by 3AI which is a professional firm associated with analytics within India.

About NTE India

Northern Tool is making a significant investment in business transformation. We are committed to providing our customers with an exceptional experience. The team in India will enable Northern Tool to expand its internal capabilities in Finance, Merchandising, Product Engineers, Manufacturing Ops, Marketing, Contact Center, and Information Technology.

Why Northern?

True Northern: We know that our strength is our people. The distinct abilities they bring into the system are the key to our success. We seek talented people who wish to share their initiative, ideas, and expertise; we develop and support our teams, and we put them in a position to succeed. We know our customer; we provide value, and we act with integrity. We are True Northern.

Build Lasting Relationships: At Northern Tool + Equipment, we're far more interested in building relationships than we are in simply making transactions. Our purpose is building a long-lasting relation with our customers and employees.

We care for our customers, employees and society. Our customer base is exceptionally loyal because customers know that we will give them the right solution.

Accelerate Decision Making: by collaborating with the brightest minds, bring ideas to life across our value chain of business operations across our vast network of over 120 stores across the US.

Lead with Innovation: Join us to elevate our customer experience with cutting-edge products, technology, and business processes and drive our business forward.

We are Family: As a family-owned business, we have respect for personal lives; wherever possible, we strive for flexibility in work schedules, and we maintain a relaxed, professional atmosphere.

Does this sound interesting??Be an early applicant

Northern Tool is an Equal Opportunity Employer. We encourage and empower everyone and support diversity in experience, and point of view. We are pledged to a fair and a transparent hiring process with no discrimination of race, color, ancestry, religion, gender, national origin, age, citizenship, marital status, disability, or veteran status.