Brilliant Staffing
36192 | Senior Accountant
Brilliant Staffing, Schaumburg, IL, United States
Job Description
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
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.
- 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 highly desirable.
- Familiarity with SAP ERP and other computer-based applications.
- Comfortable with a hybrid work schedule - 3 days in-office and 2 days remote. First 3 months in office every day during training period.