Director of Accounting

This is a Hybrid role that is based in the Bloomington, MN Metro area.

Position Overview

Quality Bicycle Products (QBP) is the largest wholesale distributor of bicycles, parts, and accessories in North America. QBP is a subsidiary of the Flagg Bicycle Group (FBG), a privately held holding company whose portfolio includes QBP, Wheels Manufacturing, Terry Precision Cycling, Smart Etailing, Q-Taiwan, and several real estate and trust entities.

The Director of Accounting is a strategic leadership role responsible for accounting operations, financial reporting, internal controls, and ERP system leadership for QBP — while supporting consolidated reporting across the broader FBG family of companies. The Director leads the accounting organization through the Accounting Manager and provides oversight, review, and technical direction rather than executing the day-to-day accounting cycle. Scope includes accounts receivable and accounts payable leadership, SAP S/4

HANA functional ownership, and multi-entity financial reporting.

The Director of Accounting will receive progressive strategic exposure, cross-functional leadership opportunities, and executive visibility, with a strong emphasis on professional growth and leadership development.

Primary Duties & Responsibilities

Financial Close, Reporting & Consolidation (30%)
The Director of Accounting provides leadership, oversight, and final review of the close and reporting process, which is executed day-to-day by the Accounting Manager and accounting team.

• Provide leadership and oversight of the monthly, quarterly, and annual close, ensuring the Accounting Manager and team deliver accurate, timely, and GAAP-compliant results
• Establish close calendars, standards, and reporting expectations; monitor performance against deadlines and drive continuous improvement of the close
• Review and approve financial statements (income statement, balance sheet, cash flow) and management reporting packages prepared by the accounting team
• Review and interpret variance analysis versus budget, forecast, and prior periods; present financial results and insights to leadership
• Own consolidated financial reporting across FBG entities, including intercompany eliminations and transfer pricing documentation
• Own the external audit relationship; direct audit planning, coordinate deliverables, and resolve technical accounting matters
• Establish standards for revenue recognition, expense cutoff, and balance sheet integrity; review reconciliations and approve significant or non-routine journal entries
• Oversee the financial reporting environment (Prophix, SAP trial balance imports, consolidated reporting), setting requirements and reviewing output for accuracy

Internal Controls, Compliance & Risk (15%)

• Design, implement, and maintain a robust internal control framework appropriate for QBP's scale and complexity
• Ensure GAAP compliance across all accounting functions; serve as the organization's primary GAAP authority
• Develop, document, and maintain accounting policies and procedures; embed these into the Month-End Close Playbook
• Identify and remediate control gaps; lead resolution of audit findings and management letter recommendations
• Support tax compliance and reporting in coordination with the FBG Tax function and external advisors
• Establish and enforce journal entry approval controls and segregation of duties

SAP S/4

HANA Systems Leadership (20%)

• Serve as the finance/accounting functional owner for SAP S/4
  
  HANA across all relevant modules (FI-GL, FI-AP, FI-AR, FI-AA, CO)
• Lead accounting-side User Acceptance Testing (UAT), defect triage, and go-live readiness validation
• Own post-go-live stabilization, hypercare, and ongoing optimization of finance modules
• Drive adoption of SAP Fiori apps to modernize…