Accountant

ARC Automotive•Knoxville, TN

12d

About The Position

We are seeking a highly motivated and detail-oriented Accountant with expertise in Asset Control, Accounts Receivable (AR), Accounts Payable (AP), and Financial Reporting. The ideal candidate will manage asset tracking, oversee AR and AP functions, and prepare accurate financial reports. This role requires a strong understanding of accounting principles, financial regulations, and operational efficiency, ensuring the smooth functioning of the company’s financial operations.

Requirements

Bachelor’s degree in finance, Accounting, Economics, or a related field.
Minimum of 5 years of experience in finance, accounting, or a similar role with a focus on AR, AP, asset control, and financial reporting in a manufacturing environment.
Proficiency with ERP systems (e.g., SAP, Oracle) and financial reporting tools is highly desirable.
Any equivalent combination of relevant experience and training which provides the required knowledge, skills and abilities may be substituted.
Strong understanding of financial principles, including asset management, accounts receivable, accounts payable, and financial reporting.
Proficiency in Microsoft Excel (advanced level), financial modeling, and reporting.
Knowledge of financial regulations and accounting standards (e.g., IFRS, GAAP).
Excellent analytical skills and attention to detail in reconciling complex financial data and resolving discrepancies.
Strong communication skills, with the ability to explain complex financial data to non-financial stakeholders.
Experience with financial reporting software and ERP systems (e.g., SAP, Oracle) is a requirement.
Familiarity with tax regulations related to assets and depreciation.
Problem-solving ability to identify discrepancies in financial data and implement solutions.
Strong organizational skills and the ability to manage multiple tasks and deadlines effectively.
High level of integrity and professionalism in managing sensitive financial information.
Ability to work independently and as part of a team.
Strong attention to detail with a focus on accuracy and efficiency.

Nice To Haves

CPA, CMA, or other relevant accounting certification is a plus.

Responsibilities

Asset Tracking & Management: Maintain and update the asset register, ensuring accurate recording and tracking of all company assets (both tangible and intangible) in accordance with company policies and financial standards.
Reconciliations: Perform monthly, quarterly, and annual asset reconciliations, ensuring alignment between asset registers and financial ledgers. Resolve discrepancies promptly.
Depreciation Management: Calculate and record depreciation for various asset categories based on company policies, tax laws, and accounting standards (e.g., IFRS, GAAP).
Asset Disposals & Transfers: Oversee the process of asset disposal and transfer, ensuring proper documentation and compliance with internal policies and external regulations.
Internal Controls: Implement and monitor internal controls related to asset management, ensuring compliance with accounting principles and regulatory standards.
Invoice Processing: Generate and issue accurate customer invoices in a timely manner, ensuring correct billing information and payment terms.
Credit Control: Monitor customer accounts for overdue payments and ensure collections are handled promptly, escalating issues when necessary.
Payment Reconciliations: Track and reconcile AR receipts, ensuring that payments are recorded accurately against outstanding invoices.
Aging Reports: Maintain and update AR aging reports, providing regular updates to management on outstanding receivables.
Customer Relationships: Communicate with clients to resolve any billing discrepancies and ensure smooth and timely payments.
Invoice Verification: Receive, verify, and process supplier invoices, ensuring that all invoices are accurate and supported by necessary documentation.
Payment Processing: Process payments to suppliers in accordance with company payment terms and ensure timely payments to avoid late fees.
Vendor Management: Maintain relationships with vendors, resolve any payment issues, and ensure smooth communication regarding outstanding invoices.
AP Reconciliations: Regularly reconcile AP accounts to ensure accuracy and resolve any discrepancies or issues with vendor accounts.
Cash Flow Management: Assist in forecasting cash flow needs related to AP to ensure the company has sufficient liquidity to meet financial obligations.
Monthly and Annual Financial Statements: Assist in the preparation of monthly and annual financial statements, including balance sheets, income statements, and cash flow statements.
Variance Analysis: Conduct variance analysis to compare actual financial performance with budgets, forecasts, and prior periods. Prepare reports explaining discrepancies and propose corrective actions.
Management Reporting: Prepare financial reports for senior management, providing insights into financial performance, including asset-related information (e.g., asset values, depreciation, AR, and AP balances).
Compliance and Audit: Assist in the preparation for audits by providing necessary documentation and ensuring compliance with financial regulations and internal controls.
Tax Reporting: Assist in the preparation of tax filings, ensuring proper reporting of AR, AP, and asset-related tax implications, including depreciation and asset impairments.
System Updates and Improvements: Contribute to enhancing the efficiency of AR, AP, and asset management systems, ensuring data integrity, and streamlined reporting.
Collaboration: Work closely with other finance team members, such as accounting, treasury, and internal audit, to ensure accurate financial reporting and smooth financial operations.
Ad-hoc Projects: Support various ad-hoc financial analysis or special projects as required by management or other departments.