Senior Accounting Manager

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Full Time Hoffman Estates, IL, US

5 days ago Requisition

Salary Range: $90,000.00 To $ Annually

The Senior Accounting Manager is responsible for overseeing the organization's accounting operations, financial reporting, general ledger activities, accounts payable, accounts receivable, credit management, tax compliance, and internal controls. Serve as the primary liaison to purchasing, operations, and inventory management teams, ensuring alignment between operational activities and financial reporting while supporting inventory accuracy, cost management, and working capital objectives. This position ensures the accuracy and integrity of financial information, compliance with GAAP and regulatory requirements, and the efficient operation of accounting processes.

The Senior Accounting Manager partners with leadership to support strategic decision-making, financial planning, risk management, and continuous process improvement while providing leadership and development to the accounting team.

• Manage the monthly, quarterly, and annual financial close processes, ensuring timely and accurate reporting.
• Maintain responsibility for all general ledger activities, including journal entries, account reconciliations, accruals, fixed assets, prepaid expenses, and financial analysis.
• Prepare and review monthly, quarterly, and annual financial statements in accordance with GAAP.
• Prepare consolidated financial statements and supporting schedules.
• Analyze financial results and provide explanations of significant variances, trends, and business performance.
• Review and approve accounting transactions to ensure proper classification and recording.

• Oversee accounts receivable operations, collections activities, and aging management.
• Establish and maintain customer credit policies and procedures.
• Review and approve new customer accounts and credit limits.
• Monitor customer credit exposure and collection performance.
• Coordinate collection efforts and resolve customer account issues.
• Analyze bad debt reserves and recommend appropriate adjustments.

• Oversee accounts payable activities to ensure timely and accurate invoice processing and vendor payments.
• Manage cash flow forecasting and working capital analysis.
• Reconcile bank accounts and monitor cash balances.

• Coordinate preparation and filing of sales and use tax, property tax, GST/HST, and other applicable tax returns.
• Support income tax reporting requirements by preparing schedules and coordinating with external tax advisors.
• Ensure compliance with federal, state, local, and international regulatory requirements.
• Serve as primary accounting contact for external auditors and tax advisors.

• Partner with Purchasing, Operations, and Inventory Management teams to ensure accurate inventory valuation, costing, receipts, adjustments, and financial reporting of inventory transactions.
• Review and monitor inventory activity, including inventory reconciliations, cycle counts, physical inventories, obsolescence reserves, and inventory adjustments to ensure accuracy and compliance with company policies.
• Collaborate with Purchasing to analyze vendor transactions, inventory purchases, freight costs, and inventory-related accruals to ensure proper accounting treatment and financial reporting.
• Provide financial analysis and recommendations related to inventory levels, purchasing trends, inventory turnover, carrying costs, and working capital management.
• Support the development and implementation of inventory controls and procedures to improve accuracy, reduce risk, and strengthen operational efficiency.
• Partner with Purchasing and Operations leadership to identify cost‑saving opportunities, improve inventory management practices, and support strategic business objectives.

• Develop, implement, and maintain accounting policies, procedures, and…