ARC Automotive
Accountant
ARC Automotive, Knoxville, Tennessee, United States, 37955
Job Type
Full-time
Description
We are seeking a highly motivated and detail-oriented
Accountant
with expertise in
Asset Control ,
Accounts Receivable (AR) ,
Accounts Payable (AP) , and
Financial Reporting . The ideal candidate will manage asset tracking, oversee AR and AP functions, and prepare accurate financial reports. This role requires a strong understanding of accounting principles, financial regulations, and operational efficiency, ensuring the smooth functioning of the company's financial operations.
Key Responsibilities:
Asset Control:
• Asset Tracking & Management: Maintain and update the asset register, ensuring accurate recording and tracking of all company assets (both tangible and intangible) in accordance with company policies and financial standards.
• Reconciliations: Perform monthly, quarterly, and annual asset reconciliations, ensuring alignment between asset registers and financial ledgers. Resolve discrepancies promptly.
• Depreciation Management: Calculate and record depreciation for various asset categories based on company policies, tax laws, and accounting standards (e.g., IFRS, GAAP).
• Asset Disposals & Transfers: Oversee the process of asset disposal and transfer, ensuring proper documentation and compliance with internal policies and external regulations.
• Internal Controls: Implement and monitor internal controls related to asset management, ensuring compliance with accounting principles and regulatory standards.
Accounts Receivable (AR):
• Invoice Processing: Generate and issue accurate customer invoices in a timely manner, ensuring correct billing information and payment terms.
• Credit Control: Monitor customer accounts for overdue payments and ensure collections are handled promptly, escalating issues when necessary.
• Payment Reconciliations: Track and reconcile AR receipts, ensuring that payments are recorded accurately against outstanding invoices.
• Aging Reports: Maintain and update AR aging reports, providing regular updates to management on outstanding receivables.
• Customer Relationships: Communicate with clients to resolve any billing discrepancies and ensure smooth and timely payments.
Accounts Payable (AP):
• Invoice Verification: Receive, verify, and process supplier invoices, ensuring that all invoices are accurate and supported by necessary documentation.
• Payment Processing: Process payments to suppliers in accordance with company payment terms and ensure timely payments to avoid late fees.
• Vendor Management: Maintain relationships with vendors, resolve any payment issues, and ensure smooth communication regarding outstanding invoices.
• AP Reconciliations: Regularly reconcile AP accounts to ensure accuracy and resolve any discrepancies or issues with vendor accounts.
• Cash Flow Management: Assist in forecasting cash flow needs related to AP to ensure the company has sufficient liquidity to meet financial obligations.
Financial Reporting:
• Monthly and Annual Financial Statements: Assist in the preparation of monthly and annual financial statements, including balance sheets, income statements, and cash flow statements.
• Variance Analysis: Conduct variance analysis to compare actual financial performance with budgets, forecasts, and prior periods. Prepare reports explaining discrepancies and propose corrective actions.
• Management Reporting: Prepare financial reports for senior management, providing insights into financial performance, including asset-related information (e.g., asset values, depreciation, AR, and AP balances).
• Compliance and Audit: Assist in the preparation for audits by providing necessary documentation and ensuring compliance with financial regulations and internal controls.
• Tax Reporting: Assist in the preparation of tax filings, ensuring proper reporting of AR, AP, and asset-related tax implications, including depreciation and asset impairments.
Other Responsibilities:
• System Updates and Improvements: Contribute to enhancing the efficiency of AR, AP, and asset management systems, ensuring data integrity, and streamlined reporting.
• Collaboration: Work closely with other finance team members, such as accounting, treasury, and internal audit, to ensure accurate financial reporting and smooth financial operations.
• Ad-hoc Projects: Support various ad-hoc financial analysis or special projects as required by management or other departments.
Requirements
Qualifications:
Education & Experience:
• Bachelor's degree in finance, Accounting, Economics, or a related field.
• CPA, CMA, or other relevant accounting certification is a plus.
• Minimum of 5 years of experience in finance, accounting, or a similar role with a focus on AR, AP, asset control, and financial reporting in a manufacturing environment.
• Proficiency with ERP systems (e.g., SAP, Oracle) and financial reporting tools is highly desirable.
• *Any equivalent combination of relevant experience and training which provides the required knowledge, skills and abilities may be substituted.
Skills & Competencies:
• Strong understanding of financial principles, including asset management, accounts receivable, accounts payable, and financial reporting.
• Proficiency in Microsoft Excel (advanced level), financial modeling, and reporting.
• Knowledge of financial regulations and accounting standards (e.g., IFRS, GAAP).
• Excellent analytical skills and attention to detail in reconciling complex financial data and resolving discrepancies.
• Strong communication skills, with the ability to explain complex financial data to non-financial stakeholders.
• Experience with financial reporting software and ERP systems (e.g., SAP, Oracle) is a requirement.
• Familiarity with tax regulations related to assets and depreciation.
• Problem-solving ability to identify discrepancies in financial data and implement solutions.
• Strong organizational skills and the ability to manage multiple tasks and deadlines effectively.
Personal Attributes:
• High level of integrity and professionalism in managing sensitive financial information.
• Ability to work independently and as part of a team.
• Strong attention to detail with a focus on accuracy and efficiency.
Full-time
Description
We are seeking a highly motivated and detail-oriented
Accountant
with expertise in
Asset Control ,
Accounts Receivable (AR) ,
Accounts Payable (AP) , and
Financial Reporting . The ideal candidate will manage asset tracking, oversee AR and AP functions, and prepare accurate financial reports. This role requires a strong understanding of accounting principles, financial regulations, and operational efficiency, ensuring the smooth functioning of the company's financial operations.
Key Responsibilities:
Asset Control:
• Asset Tracking & Management: Maintain and update the asset register, ensuring accurate recording and tracking of all company assets (both tangible and intangible) in accordance with company policies and financial standards.
• Reconciliations: Perform monthly, quarterly, and annual asset reconciliations, ensuring alignment between asset registers and financial ledgers. Resolve discrepancies promptly.
• Depreciation Management: Calculate and record depreciation for various asset categories based on company policies, tax laws, and accounting standards (e.g., IFRS, GAAP).
• Asset Disposals & Transfers: Oversee the process of asset disposal and transfer, ensuring proper documentation and compliance with internal policies and external regulations.
• Internal Controls: Implement and monitor internal controls related to asset management, ensuring compliance with accounting principles and regulatory standards.
Accounts Receivable (AR):
• Invoice Processing: Generate and issue accurate customer invoices in a timely manner, ensuring correct billing information and payment terms.
• Credit Control: Monitor customer accounts for overdue payments and ensure collections are handled promptly, escalating issues when necessary.
• Payment Reconciliations: Track and reconcile AR receipts, ensuring that payments are recorded accurately against outstanding invoices.
• Aging Reports: Maintain and update AR aging reports, providing regular updates to management on outstanding receivables.
• Customer Relationships: Communicate with clients to resolve any billing discrepancies and ensure smooth and timely payments.
Accounts Payable (AP):
• Invoice Verification: Receive, verify, and process supplier invoices, ensuring that all invoices are accurate and supported by necessary documentation.
• Payment Processing: Process payments to suppliers in accordance with company payment terms and ensure timely payments to avoid late fees.
• Vendor Management: Maintain relationships with vendors, resolve any payment issues, and ensure smooth communication regarding outstanding invoices.
• AP Reconciliations: Regularly reconcile AP accounts to ensure accuracy and resolve any discrepancies or issues with vendor accounts.
• Cash Flow Management: Assist in forecasting cash flow needs related to AP to ensure the company has sufficient liquidity to meet financial obligations.
Financial Reporting:
• Monthly and Annual Financial Statements: Assist in the preparation of monthly and annual financial statements, including balance sheets, income statements, and cash flow statements.
• Variance Analysis: Conduct variance analysis to compare actual financial performance with budgets, forecasts, and prior periods. Prepare reports explaining discrepancies and propose corrective actions.
• Management Reporting: Prepare financial reports for senior management, providing insights into financial performance, including asset-related information (e.g., asset values, depreciation, AR, and AP balances).
• Compliance and Audit: Assist in the preparation for audits by providing necessary documentation and ensuring compliance with financial regulations and internal controls.
• Tax Reporting: Assist in the preparation of tax filings, ensuring proper reporting of AR, AP, and asset-related tax implications, including depreciation and asset impairments.
Other Responsibilities:
• System Updates and Improvements: Contribute to enhancing the efficiency of AR, AP, and asset management systems, ensuring data integrity, and streamlined reporting.
• Collaboration: Work closely with other finance team members, such as accounting, treasury, and internal audit, to ensure accurate financial reporting and smooth financial operations.
• Ad-hoc Projects: Support various ad-hoc financial analysis or special projects as required by management or other departments.
Requirements
Qualifications:
Education & Experience:
• Bachelor's degree in finance, Accounting, Economics, or a related field.
• CPA, CMA, or other relevant accounting certification is a plus.
• Minimum of 5 years of experience in finance, accounting, or a similar role with a focus on AR, AP, asset control, and financial reporting in a manufacturing environment.
• Proficiency with ERP systems (e.g., SAP, Oracle) and financial reporting tools is highly desirable.
• *Any equivalent combination of relevant experience and training which provides the required knowledge, skills and abilities may be substituted.
Skills & Competencies:
• Strong understanding of financial principles, including asset management, accounts receivable, accounts payable, and financial reporting.
• Proficiency in Microsoft Excel (advanced level), financial modeling, and reporting.
• Knowledge of financial regulations and accounting standards (e.g., IFRS, GAAP).
• Excellent analytical skills and attention to detail in reconciling complex financial data and resolving discrepancies.
• Strong communication skills, with the ability to explain complex financial data to non-financial stakeholders.
• Experience with financial reporting software and ERP systems (e.g., SAP, Oracle) is a requirement.
• Familiarity with tax regulations related to assets and depreciation.
• Problem-solving ability to identify discrepancies in financial data and implement solutions.
• Strong organizational skills and the ability to manage multiple tasks and deadlines effectively.
Personal Attributes:
• High level of integrity and professionalism in managing sensitive financial information.
• Ability to work independently and as part of a team.
• Strong attention to detail with a focus on accuracy and efficiency.