Financial Reporting and Technical Accounting Manager

1100 Applied Industrial Technologies, Inc. • Cleveland, OH

6d

About The Position

The Manager of Financial Reporting and Technical Accounting prepares the company's financial statements and reports, ensuring compliance with financial regulations and standards. This role involves managing technical accounting issues, supporting the internal and external audit process, and accounting for lease accounting. The ideal candidate will possess a deep understanding of accounting standards, financial reporting, and auditing practices in the United States and related regulatory environments. This role requires a strong ability to collaborate across finance and at times, other functions, lead processes to timely meet deadlines, and support and manage change as new regulations are enacted.

Requirements

• Bachelor’s degree in accounting, finance, or related field.
• At least 6 years of progressive experience in finance and accounting, preferably in a large public accounting firm and in financial reporting, technical accounting, or a related field.
• Experience working with or in a U.S.-listed public company.
• Strong experience working with U.S. GAAP.
• Demonstrated experience overseeing financial operations in a multi-legal entity environment, preferably within manufacturing, retail, or multinational organizations.

Nice To Haves

• MBA or advanced degree preferred.
• CPA or equivalent professional financial designation highly desirable.
• Experience managing financial teams across multiple locations or managing cross-border teams and in a matrix organization preferred.

Responsibilities

• Preparation of quarterly and annual financial statements and reports.
• Ensure all financial reporting complies with generally accepted accounting standards in the United States (US GAAP), U.S. Securities and Exchange Commission (SEC), and other regulatory requirements.
• Support the internal and external auditors for annual audit processes.
• Analyze financial data to identify discrepancies, trends, and financial performance to ensure financial reporting is correct.
• Support the monthly internal financial reporting, including preparation, accumulation, review and publication of the monthly financial statement package.
• Support communication with regulatory agencies and external stakeholders regarding financial reporting matters.
• Monitor accounting standards by keeping updated on new accounting standards and regulations and assessing their impact on the company.
• Provide technical support through offering technical assistance on complex accounting issues, including, but not limited to, revenue recognition, disclosure matters, financial reporting, and regulatory compliance.
• Create and implement accounting policies and procedures in line with industry practices and regulatory requirements.
• Support the implementation of new or updated accounting standards within the organization.
• Collaborate with teams in other functional areas, departments and business units to address technical accounting questions and projects.
• Lead or assist with special projects related to technical accounting, such as implementing new standards or resolving complex accounting issues.
• Actively collaborate with other departments, such as finance, operations, legal, and human resources, to gather necessary data, align on processes, and ensure seamless communication related to performing accounting services.
• Serve as the subject matter for lease accounting across the company including: Identify and Classify Leases, Calculate Lease Assets and Obligations, Recognize Lease Assets and Liabilities and Expense Recognition, Disclosure Requirements.
• Liaise with external auditors and assist in preparing technical accounting documentation for audit reviews.
• Assist with annual goodwill impairment testing.
• Assist with stock award/equity compensation valuation and accounting for the company.
• Assist with due diligence and oversight related to mergers and acquisitions.

Benefits

• Applied Industrial Technologies is built on a philosophy that puts people first.
• We are an equal opportunity employer, and we are committed to a workforce in which we enforce fair treatment and provide growth opportunities for everyone.
• All qualified applicants will receive consideration for employment regardless of age, race, color, national origin, genetics, religion, gender, marital status, physical or mental disability, or any other characteristic protected by applicable laws, regulations, and ordinances.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager