PRIMARY OBJECTIVE OF POSITION:
To maintain records of routine accounting transactions and assist in preparation of accurate and timely financial and operating reports including trial balances, adjustments, closing entries and substantive account reconciliations. To assist in the analysis and interpretation of accounting records for use by management.
MAJOR AREAS OF ACCOUNTABILITY:
- Maintains month end close activities to the established timelines published in the monthly close calendar. This will include general journal entry, 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. Communicates financial escalations in a timely manner to the Accounting Leads or Managers.
- Performs account reconciliation utilizing a variety of reconciliation tools, including but not limited to TrinTech Cadency, JD Edwards, Microsoft Dynamics D365, SK Bank, and Excel. Completes reconciliation in accordance to published deadlines to meet KPIs. Reconciles large amounts of transactional related data and assigned accounting areas, research unreconciled items timely, and communicates any out of balance issues to supervisor.
- Performs 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. Ensures daily settlement and cash funding is received and no systemic errors or delays. Escalate cash funding delays or errors in a timely manner. Ensures procedures and documented and followed through SOP. Partners with Business Partners on process improvement and enhancements.
- Partners with IT and Retail Stores in resolving cash over/short discrepancies on a regular basis. Escalates change order discrepancies with bank, retail stores and armored car services. Post End of Day D365 Store financial postings timely for proper period adjustments and reporting to the P&L. Communicate promptly with Store Managers regarding questions on store cash and end of day processing procedures.
- Identifies and promotes changes in procedures and reporting that increase efficiency and reduce data keying and manual intervention. Identify process improvement and efficiency via use of PowerBI, automation, streamline processes using Excel functionality.
- Reviews accounting methodology for assigned areas and proposes changes when operationally necessary.
- Reconciles POS settlements, researches unreconciled items, and works with payment settlement provider to investigate variances. Prepares monthly analysis of aged items for review. Partner with AR team for research and investigation on aged open items and escalation of items for write-off consideration.
- Partners with Finance Systems Solution team members and BSA to help resolves any end of day and settlement issues, project initiatives and enhancement requests. Escalates areas of system failure as well as opportunity in forms of enhancements.
- Prepares daily/monthly journal entries. Reviews account activity prior to the close of month end to ensure the accuracy of financial data and reasonableness of balance sheet accounts.
- Acts as a backup to other team members related to payment settlement reconciliations, other daily reconciliation, monthly end close & reporting.
- Complies with outside auditors and/or bank compliance requests including preparation of work papers and roll forward schedules as assigned and answers auditor’s questions regarding policy and procedures and account reconciliations.
- Keeps 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 required.
- At least 1-2 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.
- Familiar 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.
- Previous accounting experience in multi-location retail or manufacturing setting with Retail and Commerce preferred.
- Demonstrated ability to exercise strong judgment and able to work well independently, as well as in a team environment.
- Detail oriented and analytical.
- Able to prioritize and multi-task effectively.
- Must be able to communicate effectively, both orally and in writing, with a wide variety of Company personnel and those outside the Company.
- Demonstrates Northern Tool + Equipment’s 12 Core Competencies.
