Accounting Manager

Phillips Distilling Company•Princeton, MN

23h•Hybrid

About The Position

Since 1912, Phillips Distilling Company has produced high-quality spirits and popular brands. As one of America's oldest family-owned spirits companies, we pride ourselves on our independent spirit and our commitment to innovation, quality and community. Phillips Distilling Company is currently inviting candidates to apply for a full-time Accounting Manager opportunity. The candidate selected for this role will enjoy competitive compensation, annual bonus potential, development opportunities, and a comprehensive benefits package including generous paid time off and paid holidays! Join the Phillips’ team today and enjoy being in good spirits every day! Classification: Exempt Department: Accounting Reports To: Controller Summary: The Accounting Manager is a vital, hands-on role responsible for the integrity of the general ledger and the precision of our tax compliance. Reporting directly to the Controller, this position will co-manage the full accounting cycle for our alcohol manufacturing operations. This is a high impact role designed for a technical expert who thrives on working with the details, is motivated by process improvement, has a high attention to detail, can manage deadlines and wants to be a key contributor on a well-established and collaborative team.

Requirements

Must have the ability to work and participate in an environment that expects all employees to support wellness, safety, quality, and environmental responsibility.
Must have high integrity, strong work ethic, meticulous attention to detail, and a proactive, problem-solving mindset.
Must have exceptional communication and presentation skills, with the ability to translate complex financial data into actionable insights for the Controller and Executives.
Must enjoy being the “subject matter expert” and have the ability to work independently without needing a large team to execute tasks.
Must enjoy being hands-on and responsible and accountable for the details.
Ability to refine SOPS and make suggestions for improvement and automation.
Must have computer/technology knowledge and skills necessary to perform job responsibilities.
Proficiency with high-tier ERP system (e.g., Oracle, NetSuite, Microsoft Dynamics, SAP) and advanced Excel skills (e.g. pivot tables, macros, power query) are essential.
Must have working knowledge of GAAP and understanding of financial statements.
Must have the ability to maintain current knowledge, skills and/or certifications relevant to assigned job responsibilities.
8+ years of progressive accounting experience.
Active or inactive CPA or CMA (if inactive, must plan to return to active)
Bachelor’s degree in accounting or finance.
Related combination of education and experience.

Nice To Haves

Active CPA or CMA
Experience working with a manufacturing company, specifically alcohol or food and beverage.
Experience with FET, Sales/Use Tax, and LIFO calculations.

Responsibilities

Full Cycle General Ledger Management
Month-End Close: Assists with the month-end and year-end closing process, to ensure timely and accurate financial statements and financial integrity. Provides input for the maintenance and improvement of the month end checklist.
Journal Entries & Accruals: Responsible for the timely preparation and posting of monthly journal entries and account reconciliations. Examples include maintenance inventory, destructions and lease accounting.
Variance Analysis: Analyzes monthly variances to provide insights into performance and influence decision making.
GAAP Accounting Internal Controls: Along with the Controller, maintains and strengthens internal controls to safeguard assets and ensure the accuracy of financial reporting.
Financial Audit: Serves as the co-liaison for the annual external financial audit. Assists the Controller with the preparation of all necessary workpapers and schedules and responds to auditor data and transaction inquiries.
Technical Research: In partnership with the Controller, researches technical accounting policies and assists with implementation.
YE Inventory Valuation and Capital Asset Accounting
LIFO Valuation: Manages the complex year-end LIFO (Last-In, First-Out) calculation and adjustment process.
Capital Assets: Manages the fixed asset lifecycle, including tracking Capital in Progress (CIP) for capital expenditures and recording monthly depreciation. Maintains and reconciles the company’s capital asset schedule, including capital policies, assigned lives, depreciation, and construction in progress reconciliation.
Tax Compliance
Alcohol-Specific Tax: In partnership with the Regulatory Compliance team, verifies and ensures timely execution of Federal Excise Tax (FET) payments.
Multi-State/CAN Tax: Prepares and files US Sales & Use tax returns, state Business and Franchise tax filings, as well as CAN (Canada) GST tax filings. Acts as the primary point of contact for responding to and resolving state and local tax notices.
Income & Owner Tax: Coordinates with external tax firm to provide data for Federal/State income tax returns and owner-level tax planning and reporting.
SOP & Systems
SOP Development: Documents, implements, and maintains standard operating procedures (SOPs) for assigned accounting functions to ensure consistency and knowledge retention.
Systems Maintenance/Optimization: Identifies opportunities to automate manual workflows within the ERP system to increase the speed or accuracy of the monthly close. Maintains the accuracy of the company’s accounting system (Oracle) and implements changes to the system as warranted. Maintains Oracle chart of accounts.
Treasury, Credit & Risk Management
Banking: Assists the Controller with administering the company’s banking platforms, including check payments, wire transfers, ACH processing, and positive pay. Prepares monthly bank reconciliations. Reviews daily banking transactions, including Canada. Responsible for preparing bank compliance reporting.
Credit: Oversees customer credit applications and credit analysis, recommends credit limits, manages day to day interaction with credit insurance providers to mitigate bad debt risk and works closely with the AR team to maximize collections.
Performs All Other Duties as Assigned
Living and abiding by the Phillips Way and the company’s core values: Communication & Collaboration, Dignity & Respect, Accountability, Customer Service and Community.

Benefits

PDC offers a comprehensive benefits package to support the health, well-being, and financial security of our employees and their families.
Our benefits package includes:
Health Benefits: Medical, dental, and vision plans to meet individual/family needs.
Financial Well-being: 401(k) retirement savings plan with company match, flexible spending accounts (FSAs), and health savings accounts (HSAs).
Income Protection: Employer-paid life insurance, accidental death & dismemberment (AD&D) insurance, short-term disability, and long-term disability coverage.
Paid Time Off: Includes 9 paid holidays, annual PTO accrual, bereavement leave, and parental leave
Additional Voluntary Benefits: Options for supplemental life insurance, critical illness, and accident insurance.
Wellness Program: Incentives and resources to support physical and mental well-being.
Employee Assistance Program (EAP): Confidential access to counseling, financial & legal planning, estate planning, wellness resources, and more to support employees and their families.
Bonus Potential: Annual bonus opportunities based on individual and/or company performance.
This summary provides a general overview of available benefits. Specific details, including eligibility criteria and plan options, will be provided during the recruitment/onboarding process.