Staff Accountant

Morgan Street Holdings•Chicago, IL

5d•Hybrid

About The Position

As a Staff Accountant, you are not just processing entries, you are the financial owner of promotional inventory accounting for two geographies. In this role, you will: Own the End-to-End: Serve as the lead accountant for an assigned company, managing everything from month-end close to working with year-end audit requests. Bridge the Gap: Actively partner with cross-functional teams and external system providers to ensure the integrity of our inventory and financial records. Grow Deeply: Gain deep exposure to core GAAP processes and a broad range of financial and operational departments and activities; build and display business acumen while working across and upward in the MSH family and with our partners.

Requirements

Bachelor’s degree in accounting or finance with heavy concentration in accounting required
0-2 years of accounting work experience
Strong knowledge of GAAP
Intermediate to advanced Excel skills
Ability to work independently
Detail-oriented mindset with the ability to manage multiple priorities
Strong collaboration and communication skills
Experience in inventory accounting
Proficiency in JD Edwards (or similar ERP system)
Knowledge of state tax compliance or tax exemption activities.

Nice To Haves

Pursuit of CPA certification a plus

Responsibilities

Prepare month-end inventory journal entries to ensure proper recording of revenue, cost of sales, inventory, receivables, and vouchered/unvouchered payables based on inventory status/shipment date.
Record monthly promotional journal entry for US, Canada, Europe, Latin America, Middle East, and Asia entities.
Prepare other journal entries and reclasses for interest, discounts, returns, samples, merchandisers, statistical AR & inventory balances and the lower of cost or market inventory valuation.
Complete account reconciliations monthly utilizing Oracle’s Account Reconciliation Cloud tool and prepare and lead quarterly balance sheet fluctuation reviews.
Review warehouse inventory reports vs general ledger and collaborate with contacts to resolve discrepancies.
Enter inventory adjustments and initiate debit/credit transactions in accordance with policy.
Manage insurance claim reporting, associated journal entries, and related federal tax filings.
Respond to audit requests specific to assigned company and promotional inventory activity.
Complete year-end packages and tax reporting for assigned company.
Review and approve accurate entry of item inventory value (SPIF) in system for assigned markets.
In partnership with warehouse leadership, coordinate the annual inventory of promotional products at all North America warehouses.
Participate in ad hoc special projects as required and other tasks as assigned