Joining the PHC Group means becoming a vital player in one of the world's foremost producers and suppliers of top-tier laboratory equipment. Operating in the dynamic biomedical and diagnostics sectors, we cater to a diverse and expanding range of life science facilities. Our products are essential tools for researchers and professionals in pharmaceuticals, biotechnology, and healthcare, making a meaningful impact on advancements in these fields. Your role with us will be an integral part of this impactful journey.
Job Title: Senior Accountant
About the Opportunity: We are seeking a highly motivated Senior Accountant to join our corporate accounting team. This individual will play a key role in supporting accurate financial reporting, driving process improvements, and ensuring compliance with U.S. GAAP and J-SOX. As part of a publicly traded organization with complex revenue streams.
Location : This is a hybrid position that will report to the Wood Dale facility on Tuesdays through Thursdays every week.
What you will be doing:
General Accounting: Perform vital accounting functions to ensure consistent compliance with Generally Accepted Accounting Principles and IFRS while maintaining accurate financial statements via the company's ERP system.
Inventory Control: Responsible for the overall coordination and ownership of inventory management to maximize customer satisfaction and ensure smooth and timely internal communications with a variety of departments throughout the organization.
Budgeting and Forecasting: Responsible for analytical scheduling pertaining to the company's business plan and monthly forecasting to CFO. This includes making business recommendations as well as data gathering, organizing, reporting, analyzing and maintenance of spreadsheets.
Accounting Responsibilities
Financial Data Management:
Prepare journal entries for Physical, in-transit and NRV for all inventory accounts
Review and approve coding of operating expenses
Prepare accruals and other adjusting entries
Reconcile sub-ledger to general ledger account balances
Maintain accurate account and data reconciliation including supporting sub-ledgers, journals, and other financial documentation within a cost efficient operation
Prepare/analyze GP margin per model report
Maintain rebates program
Financial Analysis:
Identify and research account discrepancies
Define and post re-class entries as needed
Review general ledger accounts and correct journal entries
Perform accounting analysis, such as NRV, and inbound freight, but not limited to: Balance sheet accounts, expense and salary accruals, department expense analysis, prepaid and insurance, employee relocations, travel advances, etc
Assist in performing monthly balance sheet, income statement and changes in financial position/budget variance analysis
Budgeting and Forecasting Reporting:
Prepare financial reports and related statements, charts, tables and other exhibits.
Assist the CFO in the budget process, including analytical schedules
Assist the CFO in the forecast process, including monthly analytical schedules
Communicate with other departments in forecasting fixed expense
Participate in meetings, conferences and special projects in support of team objectives
Gather and prepare data as needed for monthly business meetings
Analyze sales data by region, customer, channel and time frame
Work with Business Management to recommend sales program initiative and improvements based on analyses
Reconcile sales data and financial data
Inventory management:
Investigate inventory discrepancies and report and resolve issues
Manage landed cost - Check cost for FOB, Freight (ocean, air) and Customs are recorded properly in the ERP system.
Inform warehouse and supply chain department regarding issues on stock transfer
Provide/review analysis for slow-moving/obsolete inventory to ensure timely disposition
Review inventory cycle counts at each warehouse
Generate/ Provide inventory reports by Cost Center and warehouse location
Advise management for any issues which will affect budgeted inventory turnover days
Interface with factory contacts to expedite, defer and cancel orders as appropriate
Ensure correct method of shipment is utilized and seek approvals for expedited freight charges in accordance with company policy
Collaborate with Sales, Accounting, Administration and Factory personnel as appropriate to resolve inventory concerns
Communicate with logistics, warehouse, supply chain department to confirm the receipts of goods
Produce reports for distribution to various departments for inventory availability and status
Review and maintain ERP master settings to optimize inventory levels, purchase order quantities and customer satisfaction
Calculate disposing % for inventory NRV
Sales Tax filing management:
Lead the indirect state tax filing working with CCH to complete sales tax registrations for the rest of the states.
Manage CCH sales tax filings for all 50 states and follow up with any discrepancies that arise.
Controls and Compliance:
Ensures full compliance with Parent Company PHC Holdings policies, internal controls, and Sarbanes-Oxley Act.
Ensures protection of company assets in all areas through front line knowledge and experience
Conduct initial internal control evaluations
Investigate, resolve or report to the accounting manager any inconsistencies or improprieties.
Review and interpret accounting policies and procedures
Provide support with audits and special project
What you need for success:
A Bachelor's Degree in Accounting is required with a minimum of 5-7 years cumulative professional accounting experience.
The candidate should have a thorough working knowledge of accounting department functions.
Microsoft Office skills including word, advanced excel (VLOOKUP, PIVOT TABLES, IF FUNCTION), power point
Proficient in Dynamics AX.
Understanding of supply chain, customer forecast and over-all PSI (Purchase, Sales, Inventory) concepts
Ability to identify vendor needs, monitor satisfaction and act as the voice of the customer
Ability to effectively prioritize tasks and work independently.
Ability to effectively communicate with business partners throughout the supply chain, including Sales, Sales Administration, Logistics, and Factories.
Strong analytical ability and problem-solving skills.
Planning and implementing skills.
The hiring range for this position is: $72,000 - $85,000 , plus individuals may be eligible for an annual discretionary bonus. Actual compensation within the range will be dependent upon the individual's skills, experience, qualifications and location, and applicable employment laws. PHCNA offers a wide range of benefits, including medical, dental, vision, 401k, holiday pay, vacation and more.
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TO ALL RECRUITMENT AGENCIES: PHC does not accept unsolicited third-party resumes.
Building an Inclusive Culture: We are a company that brings varying backgrounds, ideas, and points of view to inventing on behalf of all customers. Our diverse perspectives are enriched by many dimensions, including race, ethnicity, gender, age, physical and mental ability, sexual orientation, religious beliefs, culture, language, and education, as well as professional and life experience. We are committed to diversity, equity, and inclusion, and leveraging our unique perspectives to scale our impact and growth.
