US Tool Group Hiring for Accounting Analyst Job at Farmington, MO Full Time

General Accounting Analyst

Farmington, MO

Who We Are:

We are an innovative supplier of industrial products and services that produce Best-in-Class cost savings for our customers. These solutions include: Integrated Supply Chain Management, Production Cutting Tool Reconditioning, Industrial Vending, Custom Value Added Solutions, Information Technology and Product Engineering. Founded in 1958, we grew to be the largest cutting tool reconditioning firm in North America. Our customers include the largest aerospace and defense contractors in the industry and major manufacturers in the power generation, fluid control and transportation markets. US Tool Group has been committed to providing quality products and outstanding service, supported by the uncompromising dedication of our employees.

If you have:

• Must have either:

• A four (4) -year business degree from an accredited college or university; or
• Four (4) years of total full-time broad-based accounting experience; or
• Two (2) years of full-time experience in the accounting department of this Company;

• 2 years CPA experience
• Must have direct experience with a Microsoft Windows-based operating environment with specific proficiency toward Microsoft Excel;
• Must have direct experience using a comprehensive business ERP system;
• Must have report-writing experience using commonly-available third party report writing software; and
• Must achieve, or have in the past achieved, a score of “70” or better in all three (3) of the following internally-administered accounting system proficiency tests:

• “Accounts Receivable”
• “Accounts Payable”
• “Inventory”

A typical day may look like this:

• Any duty in any assignable category appearing below, as may be assigned or required from time to time;
• Any duty of a similar or related nature not specifically listed below, but which may be assigned or required from time to time; and
• Any duty or required duty that is ordinarily performed by an “Assistant Accounting Analyst.”

Assignable Duties Relating to Training and Testing:

· Coordinate with Human Resource group regarding ISO-required training of accounting department personnel;

· Develop, revise, enhance and edit applicable training and system user certification materials for accounting department personnel;

· Train accounting department personnel, emphasizing accounts payable, accounts receivable, general ledger, cash and banking, taxes and other general ledger -based activities within TakeStock or as directed by work instructions; and

· Provide reports to management about accounting department user performance

· Prepare and post journal entries in conjunction with period closings;

· Balance and reconcile TakeStock financial statements;

· Analyze and balance general ledger accounts;

· Reconcile period-end aging reports, and inventory lists to accounts;

· Perform general ledger and account maintenance in TakeStock;

· Prepare schedules and reconciliations to assist with monthly/annual audits; and

· Prepare periodic financial statements of affiliated entities.

Assignable Duties Relating to Accounts Receivable:

(after completion of applicable required elements of Accounts Receivable Coordinator job description)

· Design, implement, and maintain customer invoicing systems;

· Design, implement and maintain credit and collection systems;

· Design/update reports that gather and analyze historical customer data;

· Design/update accounting schematics that document proper GL flow;

· Design, implement, and maintain systems to process customer remittances and other transactions;

· Design/update reports requested by customers, auditors and parties internally needful; and

· Design and implement revisions to the format and structure of special customer aging templates.

Assignable Duties Relating to Accounts Payable:

(after completion of applicable required elements of Accounts Payable Coordinator job description)

· Design, implement, and maintain vendor invoice processing systems;

· Design, implement and maintain problem resolution processes;

· Design/update reports that gather and analyze historical vendor data;

· Design/update accounting schematics that document proper GL flow, including for transaction types not involving everyday product vendors;

· Design, implement, and maintain systems to process vendor payments and other transactions; and

· Design/update reports requested by vendors, auditors and parties internally needful.

Assignable Duties Relating to Inventory:

· Design, implement, and maintain inventory stock reporting systems;

· Design processes that reconcile inventory reports to system-posted events and transactions;

· Design accounting schematics that establish and prove correct GL flow;

· Design period-end inventory summary reports for management;

· Design templates to capture/record activity such as shrinkage and valuation reserves, “cost-per-use” and other hybrid inventory investment systems, and inventory held on consignment; and

· Design templates and recurring reports needed by auditors.

Assignable Duties Relating to Fixed Assets and Leases:

· Develop fluent use of third-party asset tracking/depreciation software;

· Maintain database of fixed assets by capturing and categorizing additions, transfers, changes and deletions;

· Prepare journal entries to recognize changes to asset balances, gains or losses on disposition, and depreciation;

· Process reports to be used for book/tax depreciation, gains/losses and AMT; and

· Maintain database of equipment leased to customers, ensuring proper categorization and GL treatment.

Assignable Duties Relating to Cash Management and Banking:

· Troubleshoot matters involving information and processes used in commercial banking relationships;

· Execute banking events/transactions;

· Design/update procedures to monitor and balance bank line of credit activity;

· Design/update borrowing base reporting processes to satisfy lending banks; and

· Respond to inquiries or matters raised by bank field examiners.

Assignable Duties Relating to Taxes and Governmental Agencies:

· Reconcile postings to GL as required for all collections, remittances and payments of government taxes, making corrections as needed;

· Prepare and update annual income tax tracking templates for use in posting pre-established payments/accruals;

· Manage inquiries and audits by state and local taxing jurisdictions;

· Assemble data as needed for the preparation of annual state and local income tax returns; and

· Develop processes to identify and produce annual 1099 reports.

Assignable Duties Relating to Foreign Operations:

· Design/update parameters used to conduct foreign payroll transactions;

· Design/update templates reconciling interfund and intercompany transactions and events, including the capture, translation and recording of exchange rate differences;

· Design/update systems and processes to be used when conducting foreign transactions and events; and

· Reconcile declarations of foreign taxes paid, or returns of foreign taxes filed, to their underlying actual events, resolving improper filings and/or recording of transactions in the GL.

Assignable Duties Relating to Risk Management:

· Prepare schedules to organize and report projected sales, payroll, inventory, buildings, equipment, vehicles, drivers, and property of others for broker/carriers;

· Prepare schedules providing payroll data for workers comp renewal;

· Assist with the preparation of the calculation of agreed-to limit on business interruption insurance;

· Assist with the annual insurance renewal;

· Facilitate responses to loss control letters received from carriers;

· Review fleet records and driver info;

· Organize claim responses and interact with adjusters and loss payees;

· Organize campaign to obtain product liability indemnification certificates from select product vendors; and

· Organize information and provide support for insurance audits

Other Important Information:

· 90% sitting

· 10% standing and walking

· Miscellaneous lifting of up to 25 lbs. from ground level to waist and shoulder height

We provide:

• Climate Controlled facility
• On site Cafeteria
• Health, Vision, Dental and Life Insurance
• Competitive salary
• 401K benefit options
• Paid holiday and paid time off accrual
• Weekly Pay
• A work-hard play-hard environment
• Personal and professional growth

Job Type: Full-time

Pay: $45,000.00 – $60,000.00 per hour

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee assistance program
• Health insurance
• Life insurance
• Paid time off
• Tuition reimbursement
• Vision insurance

Physical Setting:

• Office

Schedule:

• 8 hour shift
• Day shift
• Monday to Friday

Ability to commute/relocate:

• Farmington, MO: Reliably commute or planning to relocate before starting work (Preferred)

Education:

• Bachelor’s (Required)

Experience:

• Microsoft Excel: 1 year (Preferred)
• Accounting: 1 year (Preferred)
• Account analysis: 1 year (Preferred)

Work Location: One location