essential functions
Closing the books monthly
- AP Closing – Complete AP accrual for pending invoices and POs.
- AR Closing – Check Bad Debt accrual and adjust as needed
- Monthly Flash Report – Approved by management
- Complete Bank recs for savings and operating accounts
- Run inventory BI report and input change in inventory amount.
- Run Obsolete Inventory BI report and input change in provision
- Complete Sales vs Purchases analysis
- Complete Purchases vs Sales analysis
- Adjust inventory provision as needed per analysis
- Book Payroll accrual per number of days still remaining in the month from last payroll
- Book vacation accrual – get information from ADP/Lilia
- Run Royalty BI report for Boeing and CFM for CIN and MIA locals. Book accrual for the month.
- Run Royalty BI report for Pratt and GE9X for all locations. Book accrual for the month
- Book adjustment to interest expense and balance Loans.
- CIT Loan
- Well Fargo loan 1 and 2
- BOA line of credit
- BOA commercial equipment loan.
- DAF loan interest accrual
- Book depreciation expense and update the schedule with any new additions/deletions.
- Book amortization expense for R&D
- Book amortization expense for GE 9X license.
- Balance GE 9X credits per GE sales of 9X tools.
- Book monthly prepaids and update schedule for any new additions and completions
- Review Deposit account for completion of fixed asset projects
- Book monthly accruals and check expense lines for release of those accruals.
- Review accounts individually for accuracy and completeness.
- Complete monthly report package for management and France office
Other Accounting Duties
- Review daily cash deposits and update AR as needed. Filing Daily AR report as needed.
- Review daily cash withdraws and updating AP as needed.
- Process weekly cash flow balance for AP disbursements
- Create AP list of checks and withdraws for the week.
- Approve AP register
- Create Sales invoices as needed
- Input purchasing invoices as needed.
- Approve AP invoices daily to ensure matching principle and accuracy
- Work with AP clerk on non-Conformity list and invoice segregation.
Quarterly/Yearly Reports and task
- Yearly budget report for USA branch
- DAUSA and MEX consolidated BS and P&L
- Statutory reports for audit and bank needs
- Complete and finish financial audits
- Complete and finish Royalty audits
- Assist in yearly income tax compliance and filing for DA USA, Florida income tax report and Ohio income tax report
- Assist in the filing of W2 and W3 returns with the IRS
- File Quarterly Sales tax report for Florida
- File yearly tangible tax return in Florida
- File yearly Ohio Works returns
- Renew yearly Ohio Grant and file report with Jobs Ohio
- Complete quarterly royalty reports for P&W, Boeing, and CFM. Pay as directed.
Other Area Task
- Review all purchasing POs for Coeff need and margin maintenance.
- Assist HR in payroll processing and batch creation on a Bi-weekly basis.
- Book Subsequent JE for payroll
- Assist HR in PTO calculation and implementation of task into ADP.
- Roll spreadsheet as needed
- Another task and reports as needed
COMPETENCIES
- The ability to communicate effectively with co-workers and management about the finances of the business and justify certain financial recommendations
- Attention to detail
- Basic math skills to make accurate calculations and estimates
- Good understanding of international finance
- Organization and project management
ADDITIONAL REQUIREMENTS
- Eligible to work for any employer within the US
- Employment is contingent upon the satisfactory outcome of pre-employment screening activities, including a background check.