Senior Financial Analyst

1100 Applied Industrial Technologies, Inc.•Cleveland, OH

1d•Onsite

About The Position

The senior financial analyst will work within the financial reporting team and with various other departments to ensure accurate financial reporting throughout the organization. This role involves owning the lease accounting process for the company and assisting with the preparation of the company's financial statements and reports, ensuring compliance with financial regulations and standards. The ideal candidate will possess an understanding of accounting standards, including ASC 842, and financial reporting in the United States and related regulatory environments. This role requires a strong ability to collaborate across finance and at times, other functions, and support change as new regulations are enacted. This position reports directly to the Director- Financial Reporting and Acquisition Accounting of Applied Industrial Technologies (Applied), a U.S.-based public company traded on the NYSE.

Requirements

Bachelor’s degree in accounting, finance, or related field; MBA or advanced degree preferred.
CPA or equivalent professional financial designation highly desirable.
At least 2 years of progressive experience in finance and accounting.
Experience working with or in a U.S.-listed public company a plus.
Experience with lease accounting and lease accounting software a plus.
Experience working with U.S. GAAP.
Strong financial analytical skills, with the ability to identify trends and accuracy in financial data and turn them into actionable insights.
Proficiency in financial systems (e.g., lease accounting systems and financial reporting systems); experience in broad ERPs (e.g. SAP, Oracle, Microsoft Excel) and business intelligence tools a plus.
Excellent written and verbal communication and interpersonal skills, with the ability to influence and collaborate effectively across all levels of the organization.
Ability to develop detailed project plans, set goals, define tasks and allocate resources efficiently to ensure that deadlines are met to maintain compliance with reporting deadlines or proactively manage change with new standards or regulations.
Solid decision-making skills to guide projects toward successful completion.
Strong organizational skills to manage multiple tasks, deadlines, and stakeholders simultaneously.
Flexibility to adapt to changing project requirements, stakeholder needs, and external factors.
Knowledge of ASC 842

Nice To Haves

MBA or advanced degree preferred.
CPA or equivalent professional financial designation highly desirable.
Experience working with or in a U.S.-listed public company a plus.
Experience with lease accounting and lease accounting software a plus.
Proficiency in financial systems (e.g., lease accounting systems and financial reporting systems); experience in broad ERPs (e.g. SAP, Oracle, Microsoft Excel) and business intelligence tools a plus.

Responsibilities

Maintain and update the lease accounting system with new leases, modifications, terminations, and renewals
Ensure compliance with ASC 842
Record monthly journal entries related to lease expense, depreciation, amortization, interest, and remeasurements
Perform monthly and quarterly reconciliations of lease-related balance sheet and income statement accounts
Provide variance analysis and explanations for lease-related accounts
Participating in the preparation and distribution of monthly internal financial statements
Participating in the preparation, documentation and analysis of the Company's periodic SEC and regulatory reporting and disclosures.
Support the internal and external auditors for annual audit processes.
Assisting with development and maintenance of the integrity of the financial reporting process and internal controls over financial reporting
Participating in evaluation and implementation of new accounting standards and financial reporting requirements
Interfacing with and support various departments within the organization (legal, investor relations, treasury, etc.)