Senior Accountant

Senior Accountant

The Senior Accountant is responsible for managing capital and fixed asset accounting as well as broader financial close and reporting activities to ensure accurate, timely, and GAAP-compliant results for the HVAC division of MEUS. This role oversees capital expenditures and fixed assets, including recording activity, reconciling subledgers to the general ledger, monitoring depreciation, supporting physical inventories, and providing related analysis and reporting to management, auditors, and tax. In parallel, the Senior Accountant prepares and analyzes monthly departmental profit and loss statements, investigates significant variances versus forecasts and plans, and supports month-end, quarter-end, and year-end close through preparation of journal entries and reconciliations across cash, inventory, payroll, intercompany, foreign exchange revaluation, and GR/IR clearing accounts.

The position is responsible for posting and reconciling daily cash activity and bank transactions, coordinating factory chargebacks, supporting standard cost and variance analysis with Procurement and Operations, ensuring compliance with internal controls and audit requirements, supporting ad-hoc reporting and special projects, and collaborating cross-functionally while exercising strong analytical judgment.

The essential functions of the position include, but are not limited to the following:

• Independently analyze and present monthly variances in capital expenditures, fixed assets, and inventory transactions for review by the Senior Accounting Manager
• Notify management of potential issues, variance from plan, and potential corrective actions
• Demonstrate strong analytical skills and knowledge of financial interrelationships
• Provide backup to team members and/or management via cross-training
• Prepare and analyze monthly profit and loss statements to determine large variances from annual forecasts
• Responsible for capital and fixed asset accounting, ensuring data is recorded and reported accurately and timely in accordance with GAAP and tax regulations
• Reconcile fixed asset sub-ledger to ensure accuracy with the general ledger
• Review, update, and interpret fixed asset accounting policies and procedures in coordination with PIMS and MEUS policies
• Perform daily, weekly, and monthly reconciliation of bank accounts with the general ledger, post journal entries, and resolve discrepancies
• Maintain monthly foreign exchange revaluation of Accounts Receivable and post related entries
• Maintain and reconcile intercompany balances
• Ensure processes and policies meet GAAP requirements for capitalization and depreciation
• Provide monthly financial review updates for depreciation and project status
• Lead the physical inventory of fixed assets for the Heating and Air-Conditioning Division.
• Assist in preparation of ad-hoc reports, annual Property Tax valuation, KPMG reporting related to fixed assets and inventory
• Update standard material costs as requested
• Communicate with procurement regarding monthly variance analysis for purchase price
• Responsible for chargeback invoicing of affiliate factories
• Create and maintain desk procedures for specific areas of responsibility
• Assist in the audit of physical inventories
• Support ICFR Testing (Internal Controls over Financial Reporting)
• Prepare the HVAC Consolidation and Sales Report and R&D Report as required
• Participate in special projects assigned by the Senior Accounting Manager
• Review Capital Expense Acquisition Requests (C.E.A.R.) and provide recommendations regarding approval
• Support Consolidation Accounting with Joint-Venture Analysis and Equity Roll forward preparation
• Assist in the preparation of Pro Forma Financial Statements for forecasting and internal reporting
• Support calculation and internal reporting of Gross Margin and Royalty expenses due to the Parent Company
• Prepare, process, and review month-end recurring entries, accruals, intercompany entries, reconciliations, and supporting schedules

Non-essential functions may include:

• May require infrequent travel to Mexico (typically once per year)
• Knowledge of Maquiladora, IFRS, and Customs regulations is a plus
• Performs other job functions as assigned.

Education and experience:

• Bachelors in Accounting or related field preferred
• Minimum of 5-7 years of accounting experience required
• Cost accounting experience is preferred
• Proficiency with SAP required; experience with Sage Depreciation Network is a plus
• Experience in financial reporting required
• Demonstrated ability to exercise independent discretion and judgment is essential
• Advanced Excel skills required, along with proficiency in other Microsoft Office programs
• Must possess strong problem-solving skills and commitment to continuous improvement
• Excellent verbal and written communication skills are required
• Ability to interact effectively with individuals at all levels of the organization is required
• Management retains the discretion to add or change the duties of the position at any time.