Accounting Manager

Travers Tool Co. Inc.•New York, NY

11d•$110,000 - $140,000•Onsite

About The Position

The Accounting Manager is responsible for the accuracy, integrity, and timeliness of Travers’s financial operations. The role leads the monthly close process, oversees accounts payable and accounts receivable performance, manages credit and collections, maintains the general ledger structure, and supports budgeting and forecasting initiatives. Because Travers is a product distribution business with significant physical inventory across multiple locations, the position also works with inventory costing, cost-of-goods-sold accounting, gross margin analysis, cycle count reconciliation, inventory reserves, and coordination among purchasing, warehousing, and the general ledger. The manager oversees and develops AP, AR, credit and collections, and accounting staff; maintains internal controls and compliance; and identifies opportunities to standardize and improve financial processes. The position is based on-site five days per week at Travers’s headquarters in College Point, Queens, New York, and works with operations, purchasing, sales, customer service, department leaders, and other non-financial stakeholders.

Requirements

Bachelor’s degree in Accounting or Finance.
4–6+ years of progressive accounting experience, including hands-on ownership of the monthly close.
Prior experience supervising or mentoring accounting staff.
Solid working knowledge of general ledger accounting, reconciliations, accruals, prepaids, fixed assets, AP, and AR/credit operations.
Proficiency with ERP/accounting systems and strong Excel skills.
Understanding of internal controls and financial compliance principles.
Strong organizational and communication skills; ability to work comfortably with non-financial stakeholders.
Ability to work on-site five days per week at the College Point, Queens, NY headquarters.

Nice To Haves

Experience in product distribution, wholesale, or manufacturing with physical inventory, including inventory costing, COGS, cycle counts, and gross margin analysis.
CPA or CMA designation; valued but not required.
Familiarity with Infor SX.e or similar mid-market ERP platforms.
Experience with business intelligence tools such as Phocas or Power BI.
Demonstrated process improvement track record.
Candidates in Queens, Nassau County, or nearby commuting areas are preferred.

Responsibilities

Lead and manage monthly and periodic close processes, coordinate timelines, and review deliverables.
Review and approve bank reconciliations and key balance sheet reconciliations.
Oversee journal entries, accruals, prepaids, and fixed asset accounting.
Ensure subledgers reconcile properly to the general ledger.
Produce internal financial reports, including cash reporting and management summaries.
Maintain audit-ready financial records and documentation.
Partner with operations and purchasing to ensure inventory is accurately valued in the general ledger.
Oversee COGS accounting, landed cost allocation, and gross margin reporting.
Support and reconcile cycle count programs; investigate and resolve inventory variances.
Maintain inventory reserve calculations for slow-moving, obsolete, and shrinkage items.
Collaborate on standard cost updates and analyze cost-to-actual variances.
Supervise accounts payable operations to ensure timely and accurate invoice processing.
Monitor AP service levels and vendor payment timing to balance vendor relationships and working capital goals.
Ensure vendor terms are optimized, including early-pay discounts and rebate tracking.
Resolve escalated vendor and internal AP issues and maintain strong AP internal controls.
Supervise the AR/cash posting clerk and credit and collections staff.
Ensure accurate and timely cash application and customer account reconciliation.
Oversee credit evaluation processes for new and existing customers.
Monitor collections activity, aging trends, and DSO; escalate delinquent accounts as needed.
Maintain bad debt reserves and write-off procedures in accordance with company policy.
Partner with sales and customer service to resolve billing disputes and payment issues.
Own and maintain the chart of accounts; ensure consistent and appropriate account usage across departments.
Review coding trends, correct misclassifications, and maintain alignment between reporting needs and GL structure.
Ensure data integrity within ERP and accounting systems.
Assist department leaders with annual budgets and periodic forecasts.
Conduct variance analysis using historical and trend data.
Support ROI and cost-benefit analysis for business initiatives as needed.
Maintain compliance with accounting policies and internal control standards.
Identify control gaps, process risks, and inefficiencies; standardize and document procedures.
Support audit and tax preparation processes.
Supervise and develop AP, AR, credit and collections, and accounting staff; set expectations and provide regular feedback.
Cross-train team members to reduce key-person dependency.
Promote accountability, accuracy, and a service-oriented mindset within the finance team.