MTS Systems Hiring for Accountant Job at Eden Prairie, MN Full Time

Company Description

Smart people * Smart Ideas * Smart Choice

A thriving environment for learning, innovation and growth.

By joining MTS, you’ll have access to the latest tools and technologies, along with the support of colleagues who are passionate about their work. You’ll discover a dynamic culture of continuous improvement that extends to our people, one that offers numerous ways to expand your knowledge and advance your career. And because we are a global company, your work may also include world travel.

Job Description

Accountant provides overall accounting support and financial assistance to the Test and Simulation accounting processes and related business activities. This role is a hands on accounting role and requires a keen eye for details, business knowledge of accounting and reporting.

Major Areas of Accountability:

• Actively participate in the month-end Service contract revenue close process, including scheduling and processing of revenue recognition programs, preparation and recording of journal entries, performance and analysis of SOX controls, and resolution of discrepancies. Apply knowledge and understanding of the relationship between the timing of revenue recognition and cost of sales, work in process inventory, deferred revenue, and unbilled receivables as it relates to Service contracts.
• Reconcile various balance sheet accounts related to Revenue Recognition, Payroll, and Intercompany. Identify and resolve discrepancies related to these accounts.
• Participates in or initiates assignments to improve processes and/or quality in areas where the employee has basic, intermediate, or advanced familiarity.
• Utilize an understanding of the business, its products, its styles, its operational systems, and organization structure to complete assigned financial responsibilities.
• Support internal and external audits and reviews.
• Assists Payroll Administrator with work processes and procedures for Payroll to ensure accurate, timely and efficient processing and payment of multi-state payroll and related deposits under Company benefit plans (e.g., ESPP, RSP, 401K, United fund). Ensures compliance with Company policies, along with federal and state regulations.

• Support the Payroll Administrator in the execution of the North American payroll in a timely manner in accordance with Company policy.
• Ensures the execution of all Canadian payroll related procedures including input, output, and taxes, as well as working with the outsource service provider.
• Manages time reporting data including review and analysis of on-line time sheet submissions and correction of errors to ensure accurate labor distribution.
• Assists Payroll Administrator in timely regulatory filings, including federal and state income tax withholding returns for all U.S. locations.

7. Manages general accounting procedures for Payroll based transactions.

8. Prepares journal entries for payroll transactions including correcting entries requiring judgment and interpretation.

Qualifications

Minimum Qualifications

• Education: Bachelor’s degree in accounting-related field
• Experience: 2 years of accounting experience
• SOX Regulations knowledge
• Must have Legal Right to work in USA.
• Sponsorship for this role not currently available

Preferred Qualifications:

• Experience: Advanced computer skills including MS Excel.
• Knowledge of SAP.
• Previous experience with Workday payroll

Minimum Qualifications

• Education: Bachelor’s degree in accounting-related field
• Experience: 2 years of accounting experience

Preferred Qualifications:

• Experience: Advanced computer skills including MS Excel.
• Knowledge of SAP.
• Previous experience with ADP.

MTS an equal opportunity employer. We value our colleagues’ unique perspectives, experiences and ideas and create workplaces where everyone can develop their careers and perform to their full potential.

As an equal employment opportunity employer, ITW is committed to equal employment opportunity and fair treatment for employees, beginning with the hiring process and continuing through all aspects of the employment relationship.

All qualified applicants will receive consideration for employment without regard to race, color, sex, gender identity, sexual orientation, religion, national origin, age, disability, protected Veteran status or any other characteristic protected by applicable federal, state, or local laws.

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Additional Information

All your information will be kept confidential according to EEO guidelines.

ITW is an equal opportunity employer. We value our colleagues’ unique perspectives, experiences and ideas and create workplaces where everyone can develop their careers and perform to their full potential.

As an equal employment opportunity employer, ITW is committed to equal employment opportunity and fair treatment for employees, beginning with the hiring process and continuing through all aspects of the employment relationship.

All qualified applicants will receive consideration for employment without regard to race, color, sex, gender identity, sexual orientation, religion, national origin, age, disability, protected Veteran status or any other characteristic protected by applicable federal, state, or local laws.