Senior Operations Accounting Analyst

Overview

Filtration Group Corporation is a leader in the global filtration industry with our mission to make the world safer, healthier, and more productive. We have grown rapidly over the past ten years through a focused acquisition strategy and by capitalizing on the many organic growth opportunities in our industry. We are rapidly evolving the organization from a “portfolio” construct to a more integrated company. We believe we are poised to demonstrate industry leading growth and substantial margin expansion over the next several years. Our plans are focused on operationalizing the strategic priorities that will drive that performance and creating world-class processes, procedures and internal controls that potentially prepare us for an initial public offering.

We are seeking an individual with a strong accounting and financial controls background that can support us on our journey to improve procedures, processes, and internal controls across the organization. This role will be a key element of our corporate finance team and will report directly to the Corporate Operations Controller.

Responsibilities

 

Policies, Procedures and Controls

• Work with the broader finance team to develop and maintain financial policies, procedures and controls for Corporate as well as the overall enterprise.
• Benchmark Filtration Group policies and procedures with external examples to ensure adequacy of all policies and procedures.
• Help coordinate the corporate orientation for newly hired finance leaders and facilitate training and onboarding accounting and finance personnel as needed as it relates to enterprise processes and controls.
• Work closely with Internal Audit as well as the Business Units (BUs) to implement SOX 404 (b)- compliant internal controls across the enterprise, ensuring readiness for public company requirements.
• Working with the Director of Accounting and Controls, serve as the key point person in respect of making sure the BUs execute and perform effectively the SOX 404 controls put in place; and in this regard, develop a management assessment and testing process needed to support management’s assertion about the effectiveness of such controls required of public companies.
• Serve as project champion for the implementation and optimization of BlackLine (account reconciliation and close management software).

 

Operations Controllership

• Perform risk-based reviews over business units’ accounting, including (i) process reviews, (ii) account reconciliation reviews, (iii) variance analyses, (iv) financial statement and metric trend analyses, and (v) conversations with field personnel.
• Specific focus on:
• Working capital management
• Capitalized inventory variances
• Finance personnel capabilities
• Inventory standard costing and excess and obsolete reserves
• Review of areas requiring significant management judgment (e.g., estimates, reserves, impairment indicators, and complex revenue arrangements).
• Bonus accrual levels
• Appropriate mapping of business units general ledger accounts into Planful master chart of accounts
• Revenue recognition/intercompany sales elimination
• Operating changes that could be an impairment indicator
• Assist in monitoring business units’ compliance with Filtration Group’s accounting policy and procedures.
• Assist in the preparation and review of financial statements as well in disclosures, accounting memos, and documentation to support audit and regulatory filings
• Assist in review of quarterly operations financial fluctuation analysis.
• Assist in the implementation of new GAAP as necessary.
• Review percentage of completion accounting for applicable business units.
• Support controllership with managing external auditor relationships to facilitate completion of audit procedures in a timely and efficient manner

Qualifications

 

• Bachelor’s degree in accounting or finance required; CPA preferred or actively pursuing certification
• Requires minimum 2-5 years of accounting experience, including public accounting audit (preferably Big 4) with exposure to SEC clients and industry experience, ideally in manufacturing or industrial sectors
• Strong understanding of US GAAP and readiness to support GAAP adoption projects and complex accounting issues.
• Familiarity with internal controls (SOX 404) and readiness for public company compliance requirements.Public accounting experience, emphasis on SEC clients, preferred.
• Experience with consolidation/reporting tools (e.g., Planful) and ability to analyze and interpret financial data.
• Intermediate to advanced Excel skills capable of crafting complex spreadsheets and utilizing fun