Position Summary

The Financial Accounting Analyst (FAA) will focus on several of Velocity’s key global financial activities including financial statement consolidation, variable compensation, customer rebates, and travel spend. The FAA will be directly involved in the monthly close process including consolidating the regional financial statements, calculating journal entries, performing inter-company eliminations/reconciliations, providing analysis of activity, and ensuring completion of various global financial reports. This includes working with global team members to perform, develop and maintain effective internal controls around the financial processes. Additionally, the FAA will perform tasks related to Velocity’s global variable compensation including commission reporting and bonus calculations. The FAA will also reconcile customer rebate requests with a result of recommending a disbursement and a true up of the associated liability. The FAA will perform analysis of global spend including but not limited to compensation and travel. Other projects may vary depending on business needs but could include report development, process improvements, etc. This is a high-impact role which requires coordinating the flow of information from multiple individuals, departments and entities located worldwide.

Core Responsibilities

  • Coordinate with team members globally for the preparation of the corporate consolidated monthly financial package
  • Manage the data governance process supporting chart of accounts, entity, and other reporting element changes
  • Ensure global programs including, but not limited to, travel, rebate, and variable compensation are operating efficiently and effectively including system maintenance

Essential Functions

  • Own various aspects of the monthly financial close process
  • Manage the monthly consolidation process while ensuring that each location is meeting the Company’s financial reporting requirements accurately, consistently, and timely
  • Demonstrate knowledge of US GAAP principles related to accrual basis of accounting and ensure compliance of owned processes to GAAP
  • Conduct training on new and existing US GAAP accounting standards
  • Prepare global analysis and reporting associated with certain financial accounts (Cash, AR, AP, Inventory, Compensation, etc.)
  • Develop, maintain, and provide analysis that ensures accountability to global budgets or other metrics
  • Monitor data integrity of system reports including performance of key entity controls around financial reporting
  • Prepare journal entries to support global consolidation including revenue deferrals, cost recognition/capitalization, corporate inter-company eliminations, etc.
  • Perform analysis of recurring customer rebate payout requests including system maintenance needed to ensure monthly rebate accruals are booked appropriately
  • Manage monthly global sales and procurement commission process including maintaining documentation to support adjustments
  • Conduct audits of financial system’s calculation of commission payouts
  • Calculate global quarterly variable compensation
  • Perform analysis of global compensation including calculation and reporting of metrics
  • Analyze global travel spend and produce reports indicating variances against budgets
  • Support in preparation of consolidated financial forecasts, financial presentations, and ad-hoc reporting requests, as needed
  • Assist with annual financial and compensation audits conducted by external auditors
  • Help to prepare the annual consolidated financial statements, including cash flow statements, footnotes and disclosures
  • Manage posting of annual audit adjustments to ensure system is appropriately updated
  • Perform intercompany eliminations
  • Calculate global cross charges of overhead costs
  • Deliver timely, accurate and insightful management reporting/analysis
  • Design, implement, and maintain policies, practices, and procedures to ensure proper internal controls
  • Demonstrate and maintain a positive customer service focus to both internal and external customers
  • Other duties as they arise or are assigned

Required Education, Experience, and Knowledge

  • 4-year college degree
  • 5+ years of progressive experience in Finance in a global company of 100+ employees
  • Operational accounting and ability to translate to effective policies and procedures
  • Proficient with MS Office, especially Excel
  •  Strong understanding of intercompany accounting
  • Payroll concepts and requirements

Preferred Education, Experience, and Knowledge

  • Degree in Accounting in accordance with US GAAP
  • Familiar with complex ERP systems
  • Financial analytics
  •  Productivity analysis

Required Traits

  • Attention to the details while understanding and evaluating the big picture
  • Effectively interact and communicate across levels, functions, and regions
  •  Problem solving and critical thinking skills
  • Demonstrate financial and business acumen

Company Traits

  • Is amazing
  • Demonstrates mutual respect and trust
  • Acts courageously
  • Owns own outcomes

Work Environment

Work is performed in a typical office environment

Physical Requirements 

  • None beyond ability to work under normal office conditions

We see that personal traits is of great importance when selecting the right candidate for the position.

 

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