Port Processing Accounting Team - Senior Analyst

Accounting Senior Analyst

GLOVIS America, Inc. is a third-party logistics provider headquartered in Irvine, CA. Since our inception in 2002, we are committed to delivering our customer's products via truck, rail, or ocean vessel throughout the U.S., Canada, and Mexico. Glovis America makes every effort to exceed standards by providing quality service to our customers and vendors of the automotive, freight forwarding, parts distribution, used car, and fuel industries.

We cater logistics strategies and processes to our customers' needs by utilizing the latest information systems and advanced technologies.

The Accounting Senior Analyst position is responsible for maintaining accurate accounting of Revenue and Cost of Port Processing Business, analyzing financial activities and profitability, and reporting the findings to management.

$53,279- $63,934 yearly salary range. (Subject to Compensation Study Upon Candidate Selection)

Responsibilities:

• Daily Invoice Review and Verification
  • Perform daily verification of document (System / Manual invoices) transmitted to SAP by Operation departments.
  • Perform routine verification of customer / vendor rates for its accuracy compared to contracts.
  • Follow-up on discrepancies or pending items to ensure transactions are recorded properly.
• Month-End Closing and Reporting
  • Analyze detailed service completion data from various operational systems (ITMS, Portal, iVELES) to determine "SB (Should-be)" revenue and cost according to accrual base by cut-off day.
  • Identify any unbilled revenue and cost by analyzing data in operational systems, and accrue the unbilled balances by service month, ensuring accuracy and compliance with accounting standards.
  • Simulate revenue, direct margin, and perform P&L analysis before finalizing financial books.
  • Investigate unbilled revenue and provide explanation for aging.
  • Perform preliminary closing procedures to identify unbilled revenue and costs, also reconcile discrepancies as necessary.
• Variance Analysis and Profitability Analysis:
  • Conduct analysis of periodical trends including Year-Over-Year (YOY), Quarter-Over-Quarter (QOQ), and Month-To-Month (MTM) comparisons to identify patterns and report to the finance management
  • Track and follow up on changes in contracts to ensure revenue and costs are to recognize in timely manner. Reviewing Operating systems, reconcile with SAP, ensure to recognize the amount correctly. When identifying discrepancies, notify to operations requesting further investigation and /or corrections.
• Preparing analyses
  • Red Folder analysis, Contract review, and Feasibility analysis. Responsible for understating the specific changes that are going to be made with our Customer or Vendors, whether it is a rate increase/decrease, establishing a new rate opening/closing a port, changing billing method, modifying the way in which the vehicles are processed or delivered, etc. and providing accounting manager, Controller, and Operations of financial concerns or findings.
  
  • Participate and review annual Business Plan. This would require an in-depth analysis of comparing the Business Plan to the Actuals for the current year and the year prior. Confirming all assumptions made by Operations to plan for any significant modifications in the business.
• Reporting & Analytics
  • Ensure all the financial activities meet the internal guideline
  • Support and prepare various analysis including trend analysis, port margin analysis, or variance analysis
  • Support Finance management team, C-Suites, and Auditors with various reports or analysis
• Other duties as assigned

Benefits of working at GLOVIS America Inc.:

• Medical Insurance
• Vision Insurance
• Dental Insurance
• Health Care & Dependent Care Flexible Spending Accounts (FSA)
• Ba…