Senior Accounting Manager

Manage the accurate and timely closing of SCA standalone financial statements, including all branches. Oversee and support business department accounting and bookkeeping activities to ensure compliance with company policies and accounting standards. Monitor NY business departments’ general and sub-ledgers, proactively identifying and resolving discrepancies as needed. Coordinate and respond to various internal and external audit requests throughout the year, ensuring proper documentation and timely deliverables. Manage the corporate card program for SCA and other participating group companies, maintaining appropriate accounting treatment and internal controls over the program. Additionally, actively support the implementation and transition to the new ERP system (SPICA), assisting with system design, accounting configuration, data validation, process alignment, and internal control considerations to ensure accurate financial reporting and a smooth system rollout. This position reports to the Accounting Director.

ESSENTIAL FUNCTIONS:

In-person work at the assigned office location is a regular component of this role’s responsibilities.

CLOSING:

Monthly Review the NY business departmental ledgers to ensure that transactions are recorded appropriately. Communicate with business users timely to discuss questionable ledger entries. Supervise the Sr. Accounting Assistant to distribute the initial reports and collect the signed reports on a timely manner. Monitor various pending items during closing to ensure they are properly recorded. This action covers NY office and all branches. Review merchandise ledger and miscellaneous ledger account to ensure proper reasoning for certain open balances. Supervise the Sr. Accounting Assistant to complete various account reconciliation and follow up the discrepancies appropriately until the issue is resolved. Prepare certain audit PBC items on a timely manner. Examples are Sales Gross Margin Analysis, GP Ratio Analysis, AR aging Analysis, Fixed Assets Roll Forwards, BS/PL fluctuation analysis, etc. Perform and validate Inventory LOCOM testing and maintain proper documentation. Identify and report any potential devaluation to Accounting Director. Assist with the preparation of Cutoff testing for sales, purchase, agent commission, and returns and maintain proper documentation. Report any significant cutoff errors to Accounting Director. Assist to ensure compliance with JSOX testing and internal control requirements. Annually Assist with the planning for Inventory Physical Count, provide guidance to participant, coordinate the plan with auditors, and review the physical inventory count report. Report to Accounting Director any issues and/or significant discrepancies identified. Assist with the preparation and validation of Gross/Net determination for certain business departments and communicate any issue or significant variances identified. Assist with the preparation of various footnotes for SCA annual audit report. Assist in year-end organization change processes.

ROUTINE ACCOUNTING RESPONSIBILITIES:

Supervise payment verification process, including planned cost (LIV), unplanned cost (FI) and advance payment to ensure the Sr. Accounting Assistant checks the payment properly and posts it on a timely manner. Review and sign posting journal. Forward blocked payment instruction and supporting documents to Accounting Director for release. Supervise journal entry posting process, including FV50, FV60/65, FV70/75 jobs. Understand the business needs of such entries, ensure the entry appropriately reflect the business needs and in line with IFRS. Supervise the Sr. Accounting Assistant for accurately and timely posting. Review and sign posting journal and discuss with Accounting Director for any uncertain or irregular cases. Review and sign inventory adjustment entries, key off entries and cancellation of billing and outbound delivery, reversal of LIV payment instruction and FI documents.Supervise the Sr. Accounting Assistant to enter these types of entries on a timely manner. Perform all other direct posting SAP jobs including universal job ZAF_004_003, and recurring entry FBD1. Forward posting journals to Accounting Director for review and signoff. Conduct mutual account booking, monitoring, reconciliation, and retain proper documentation throughout the process. Be mindful about any systematic or operational improvement opportunities and discuss with accounting director. Provide advice and procedure information to business departments in terms of bookkeeping and SAP operation. Support them with internal or external reporting as needed. Discuss with accounting director if uncertain.

COORDINATE AUDIT REQUEST:

Assist with audit requests mainly for sample testing and balance confirmation. Review auditor’s selections to ensure they are properly selected and presented. Follow up appropriately to ensure questions are addressed properly and timely. Coach staff on the necessary SAP operations which can help them to properly navigate or better communicate the request with appropriate end users. Supervise their activities and resolve any concerns regarding the collection process. Monitor the overall progress and update Accounting Director on a regular basis. Share with accounting members any significant audit or accounting issues on a timely manner.

MANAGE CORPORATE CARD PROGRAM:

Manage card issuance, credit limit setup and update, card cancellation. Coordinate with Concur team and NYAP team to ensure timely expense recording. Process credit card payment. Conduct various accounting reconciliation on a regular basis. Monitor receivable from employees for personal expenditure. Onboarding and training other Sojitz companies to join SCA’s card program. Maintain and update the program policies and procedures.

SECONDARY FUNCTIONS:

On a regular basis, review accuracy of Material Master Data especially for material group code and quantity tolerance. Participate in internal discussions within accounting team and/or discussions with various business partners as required. Support accounting initiatives within the department/organization as needed. Manage direct reports to ensure team efficiencies, including training, development, coaching, counseling and performance reviews. Provide support as needed. Provide cross-functional support for the upcoming ERP system implementation, contributing to process design, creation of business process flows (BPFs), resolution of complex accounting and system integration issues, and ensuring compliance with financial reporting and internal control requirements.

EDUCATION, EXPERIENCE AND SKILLS REQUIRED:

Bachelor’s Degree in Accounting and CPA preferred. 5-8 years combined, Accounting & Financial Reporting experience in large public companies. Public Accounting Firm (Big 4 preferred) a plus. NO Financial Services for either. Knowledge of US Generally Accepted Accounting Principles and IFRS. Prior experience participating in or supporting ERP system implementation projects is strongly preferred. Must possess strong analytical skills and meet deadlines. Excellent communication skills (verbal and written). Ability to maintain highly confidential information. Organizational and time management skills required. Job responsibilities follow established accounting guidelines. Proficient with Microsoft Office, particularly Excel. Knowledge of SAP or similar ERP system is required. #J-18808-Ljbffr Sojitz Corporation of America