Accountant II

The Accountant II primary role is to assist the Accounting Manager in overseeing the accounting functions to comply with International Financial Reporting Standards (IFRS) and other reporting requirements while providing management with information to drive strategic and operational business decision. This position contributes to successful and timely month-end and year-end closings, report development, analysis of departmental spending and balance sheet accounts and ensures policies reflect those outlined in the Accounting Manual prepared by the Parent Company. This position also maintains Master data in SAP and helps drive the annual budget process.

Essential Duties and Responsibilities:

Month End Requirements:

• Prepares monthly journal entries, reconciles balance sheet accounts, and develops sale and expense reports with accompanying analysis to management.
• Understands and explains the financial results and implications of transactions to departmental managers in order to drive improved financial results for the organization and provides recommendations where possible.
• Responsible for the preparation and analysis of the monthly financial reports.
• Responsible for the timely upload of the monthly results to the parent company’s reporting system and ensures accuracy.
• Ensures financial reports comply with IFRS and parent company requirements.
• Responsible for the calculation and billing of I/C charges to the affiliates.

Cost Analysis (as assigned):

• Analyzes product standard margins on a weekly basis to understand the business activities, monitors spending to budget and prior year, and catches any errors or miscoded transactions.
• Works with appropriate departments to clear cost errors before the end of the month.
• Backup to the Accountant that releases Engineering Change Notices (ECNs) and System Change Requests (SCRs)
• If applicable, maintains and updates material add-on/surcharges on new BOMs and provides quarterly analysis of proposed changes.
• Reconciles other cost variances

Report Development:

• Develops and automates routine and special reports; and presents report analysis to managers and others.

Quarterly and Year-End Requirements:

• Completes quarterly and year-end audit schedules for the external auditors.
• Prepares the financial statements for the auditors.
• Provides financial analysis for the annual audit report and year-end reporting packages required by the parent company.
• Ensures the reports comply with IFRS and parent company requirements.

Quarterly Forecasts and Annual Budget Requirements:

• Works directly with their assigned department managers to assist with any questions that arise while developing the forecast or budget.
• Discusses potential cost savings that could be included in the department manager’s forecast or budget.
• Provides analysis of the impact of planned financial transactions (capital or expense).
• Responsible for the development and analysis of COS and margins based on sales forecast uploaded into the system.
• Responsible for the development, analysis and communication of the I/C charges.
• Coordinates, analyzes and presents the capital expenditure budget.
• Coordinates the loading of budget and quarterly forecast figures into the parent company’s reporting system.
• Responsible for providing reports and analysis of budgets and forecasts and coordinates the reporting to the parent company.

Chart of Accounts and Other Master Data(as assigned):

• Maintains the chart of accounts in ERP system.
• Maintain and test master tables (Rebates, co-op advertising, add-ons, …)

Management within Teams:

• Assists other areas outside of the department to understand financial issues relevant to their functional areas.

Special Projects:

• Participates in special projects as assigned including accounting and financial analysis for strategic corporate initiatives.
• Prepares census and other governmental reporting.
• Participate in meetings with other functional areas.
• Drive automation and other critical projects within the department.
• Participate in cross-functional or global teams as assigned by the CFO or Controller.

Qualifications:

• A Bachelor’s Degree in Accounting is required and 2-4 years’ experience. Master’s Degree in Accounting and/or CPA/CMA is preferred but can be substituted with relevant experience in accounting.
• Understanding of accounting principles.
• Proficient computer skills including Word and Excel. PowerPoint, Access, and SAP Software would be a plus.

*Additional years of experience or education may be substituted for each other as determined by Human Resources.