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Senior Financial Analyst

Senior Financial Analyst

Applied Industrial TechnologiesCleveland, OH, US
2 days ago
Job type
  • Full-time
Job description

Senior Financial Analyst

This Senior Financial Analyst position reports directly to the Manager of Financial Reporting & Technical Accounting of Applied Industrial Technologies (Applied), a U.S.-based public company traded on the NYSE.

This role is responsible for leading the preparation of the company's financial statements and reports and ensuring compliance with financial regulations and standards, while also supporting the internal and external audit process and acquisition accounting.

Key Responsibilities

1. Financial Reporting :

  • Prepare quarterly and annual financial statements and reports
  • Ensure all financial reporting complies with generally accepted accounting standards in the United States (US GAAP), U.S. Securities and Exchange Commission (SEC), and other regulatory requirements
  • Support the internal and external auditors for annual audit processes
  • Analyze financial data to identify discrepancies, trends, and financial performance to ensure financial reporting is correct
  • Support the monthly internal financial reporting, including preparation, accumulation, review and publication of the monthly financial statement package
  • Support communication with regulatory agencies and external stakeholders regarding financial reporting matters

2. Technical Accounting Research, Policy and Deployment :

  • Monitor accounting standards by keeping updated on new accounting standards and regulations and assessing their impact on the company
  • Provide technical support through offering technical assistance on complex accounting issues, including, but not limited to, revenue recognition, disclosure matters, financial reporting, and regulatory compliance
  • Create and implement accounting policies and procedures in line with industry practices and regulatory requirements
  • Support the implementation of new or updated accounting standards within the organization
  • Collaborate with teams in other functional areas, departments and business units to address technical accounting questions and projects
  • Lead or assist with special projects related to technical accounting, such as implementing new standards or resolving complex accounting issues

    • 3. Accounting Services :

  • Actively collaborate with other departments, such as finance, operations, legal, and human resources, to gather necessary data, align on processes, and ensure seamless communication related to performing accounting services
  • Assist with lease accounting
  • Assist with annual goodwill impairment testing
  • Assist with stock award / equity compensation valuation and accounting for the company
  • Assist with due diligence and oversight related to mergers and acquisitions

    • Required Education & Qualifications

  • Bachelor's degree in accounting, finance, or related field; MBA or advanced degree preferred
  • CPA or equivalent professional financial designation highly desirable
  • At least 4 years of progressive experience in finance and accounting, preferably in a large public accounting firm and in financial reporting, technical accounting, or a related field
  • Experience working with or in a U.S.-listed public company
  • Strong experience working with U.S. GAAP
  • Demonstrated experience overseeing financial operations in a multi-legal entity environment, preferably within manufacturing, retail, or multinational organizations
  • Experience managing financial teams across multiple locations or managing cross-border teams and in a matrix organization preferred

    • Founded in 1923, Applied Industrial Technologies (NYSE : AIT) is a leading value-added distributor and technical solutions provider of industrial motion, fluid power, flow control, automation technologies, and related maintenance supplies. Our leading brands, specialized services, and comprehensive knowledge serve MRO and OEM end users in virtually all industrial markets through our multi-channel capabilities that provide choice, convenience, and expertise.

    Applied Industrial Technologies is built on a philosophy that puts people first. We are an equal opportunity employer, and we are committed to a workforce in which we enforce fair treatment and provide growth opportunities for everyone. All qualified applicants will receive consideration for employment regardless of age, race, color, national origin, genetics, religion, gender, marital status, physical or mental disability, or any other characteristic protected by applicable laws, regulations, and ordinances.

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    Senior Financial Analyst • Cleveland, OH, US