Manager, Accounting

JOIN THE TEAM THAT’S POWERING PROGRESS

Building cities. Driving commerce. Fueling Progress. For over 100 years, Allison has powered the vehicles and technology that move our world forward.

What powers us? Our employees. From the first person hired by James Allison in 1915 to the thousands across the globe who work for Allison today, we're driving progress everywhere because we employ top talent worldwide. In both the Allison Transmission and Allison Off-Highway Drive and Motion Systems business units, our team strives to Improve the Way the World Works.  

Learn more about this role and how you can begin driving your career forward!

Benefits:

The below list features some of the benefits currently available. Eligibility may be subject to the terms and conditions of governing documents and available benefits may be subject to change at the company’s discretion.

• Choice of medical plans with prescription coverage

• Employer HSA contribution

• Dental & Vision Insurance

• Paid Parental Leave

• Short & Long-Term Disability

• Other voluntary benefits including: Critical Illness, Hospital Indemnity, Identity Theft Protection and Pet Insurance

• 401K with generous Company match & contribution

• Accrued Paid Time Off

• 12 Paid Holidays + 1 Floating Holiday

• Robust employee wellness program

• Tuition assistance program

Job Description:

The Accounting Manager is responsible for supervising and leading the Accounting Department. We are looking for someone to build and maintain accounting procedures, standard methodologies, and systems for collecting, analyzing and reporting financial information. This individual must have a strong understanding of Generally Accepted Accounting Principles (GAAP). They will also be responsible for leading the accounting team, helping audit and ledger preparation, and supporting other business functions with financial procedures.

The Accounting Manager develops and implements systems for gathering, analyzing, verifying, and reporting certain types of financial information. Solid understanding of enterprise resource planning (ERP) systems is also valuable. The position works with members of the Finance team and other business functions to ensure compliance with organizational and governmental accounting policies and procedures.

Key Responsibilities:

• Manage two cost accountants including work allocation, training, promotion, compliance with internal procedures and controls, and problem resolution.
• Develop expertise with corporate enterprise resource planning (ERP) system and assist with problem resolution for issues related to inventory postings, production order variances and product costing.
• Prepare and review general ledger journal entries and account reconciliations and research unusual items.
• Monitor monthly cost accounting period close activities to ensure timely and accurate close.
• Review balance sheet and income statement accounts for completeness and accuracy and investigate variances.
• Manage standard cost setup and ensure accurate costing and inventory valuation.
• Generate global inventory turns performance reporting by plant for management review.
• Analyze inventory, production and cost of sales variances and provide explanations.
• Develop capitalized variance forecasts using various inputs of manufacturing expense, resource hours, and other cost of sales expense.
• Maintain inventory cycle counting results to support internal controls and audit requirements.
• Evaluate excess and obsolete inventory reporting by plant and prepare quarterly estimate for management review.
• Work closely with internal and external auditors on financial audits and internal controls testing.
• Analyze global product warranty and extended coverage liabilities to ensure accuracy and completeness of accounts.
• Prepare consolidated financial footnote disclosures for inventory and cost of sales components.

Key Performance Measures:

• Accounting staff is trained and can perform their roles
• Accounting procedures are documented and up-to-date
• No material accounting errors or audit findings
• No significant internal control deficiencies

Qualifications:

• Bachelor’s Degree in Accounting or equivalent required 
• 5 years of validated experience in general accounting 
• Understanding of US Generally Accepted Accounting Principles 
• Experience with SAP or comp