Senior Analyst - TP Accounting

Glovis • Irvine, CA

4d • $58,000 - $63,000 • Onsite

About The Position

About Hyundai GLOVIS America Inc. GLOVIS America, Inc. is a third-party logistics provider headquartered in Irvine, CA. Since our inception in 2002, we are committed to delivering our customers' products via truck, rail, or ocean vessel throughout the U.S., Canada, and Mexico. Glovis America makes every effort to exceed standards by providing quality service to our customers and vendors of the automotive, freight forwarding, parts distribution, used car, and fuel industries. We cater logistics strategies and processes to our customers' needs by utilizing the latest information systems and advanced technologies. Summary The Senior Analyst - TP Accounting position is responsible for maintaining accurate accounting of Revenue and Cost of Transportation Business, analyzing financial activities and profitability, and reporting the findings to management.

Requirements

• Excellent written and verbal communication skills Required
• Intermediate to advanced Microsoft Excel Required
• Knowledge of Revenue and Cost Matching Required
• Knowledge of Account Reconciliation Required
• Knowledge of Accrual Based Accounting Required
• Bachelors Degree Required
• 3 - 5 Years of Experience in Finance, Accounting, Cost Accounting, Economics, Business, Logistics Required

Nice To Haves

• Knowledge of PowerBI, Access, Work, PowerPoint, and other database systems Preferred
• 4 - 7 Years of Experience in Finance, Accounting, Cost Accounting, Economics, Business Preferred

Responsibilities

• Month End Closing and Reporting for HMA TP Revenue and Cost
• Calculate Earned Revenue in compliance with US GAAP and IFRS
• Calculate monthly revenue accrual for TP Business, confirming Revenue contract rates and ITMS shipment data of Earned Revenue for the closing period
• Investigate any unbilled Revenue and track AR aging
• Calculate Vendor Cost either by validating Vendor Contracts in ITMS or approved Special Moves rates awarded by Operations
• Accrue Unbilled Cost, Based on Matching Principle
• Investigate any unbilled Cost and track AP aging
• Variance Analysis and Profitability Analysis for HMA TP Standard Accounts
• Responsible for Post-Closing analysis and Non-Standard Month End Closing Reports
• Must acquire understanding of TP Business and work collaboratively with VL Team to provide meaningful analysis of P&L, Sales-mix, Shipment deviations, etc of TP Business
• Will analyze variances by: Actual vs Business Plan, Month to Month Analysis, Month vs YTD Analysis
• Present GM Monthly Results to Supervisor or Manager and explain variances
• Complete HMA MOU 2025 Report after closing
• Track Incremental Cost and Recovery
• Complete reports related to HMA aging, tax, etc
• Set up weekly meetings with Operation's team to get updates on aging, similarly with Vehicle Logistics team
• Initiate and follow through on all HMA Billing Enhancement or Accrual Process Changes
• Perform daily review of AR and AP invoices that are parked in SAP. After invoice review, send invoices to Edoc for posting. For any AR or AP invoice errors, submit invoice for Rejection. Follow up immediately with Operations for invoice resubmission
• Perform routine verification of standard vendor rates and standard billing rates for its accuracy compared to contracts
• Review Operation Department's annual Business Plan In-depth analysis of comparing the Business Plan to the actuals for the current year and the year prior and confirming all assumptions made by Operations to plan for any significant modifications in the business
• Understating the specific changes that are going to be made with our customers or vendors contracts, whether it is a rate increase/decrease, establishing a new rate opening/closing a port, changing transportation routes, modifying the way in which the vehicles are processed or delivered, etc, and providing financial concerns
• Follow up with Third Party Auditor
• Ensure all the financial activities meet the internal guideline
• Prepare all the backup to provide the test results with auditors
• Maintain all converted worksheets for auditors
• Other duties as assigned

Benefits

• Medical Insurance
• Vision Insurance
• Dental Insurance
• Health Care & Dependent Care Flexible Spending Accounts (FSA)
• Basic Life and AD&D as well as Short-Term & Long-Term DisabilityPaid Vacation, Holidays, and Sick leave
• Pet Insurance
• Hospital and Critical Illness Insurance
• Wellness Program and Gym Reimbursement
• 401(k) with Generous Matching
• Referral Bonuses
• Auto Allowance
• Quarterly Employee Lunches, Summer Refreshments, and Monthly Team Building Activities
• Discretionary Bonuses
• Tuition Reimbursement
• Benefits may vary by location. All benefits pursuant to Company policy

What This Job Offers

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