Senior Accountant

Senior Accountant

We are looking for a Senior Accountant to support the accounting and financial reporting functions for the North America Coatings Division. This role will be involved in monitoring compliance with policies and procedures for controlling the accounting functions of the North America Coatings Division including accounting systems, internal controls, records, and reports. This position is responsible for preparing and posting journal entries, reconciling general ledger accounts to sub ledgers, identifying accounting process improvements, and producing monthly reconciliations and reports.

This position also performs accounting functions pertaining to month-end, quarter-end and year-end closings and provides support and assistance to the accounting staff at each of the North America Coatings locations, which includes researching problems and finding solutions to them.

Essential Functions:

• This position reports to the North America Coatings Site Controller.
• This position, through the subordinate organization, is responsible for making sure timely and thorough preparation of financial records and reports for use by management and operating personnel at all levels are completed based on the requirements set by Corporate and the North America Coatings Division Controller. These records must comply with generally accepted accounting principles (US GAAP), governmental regulations, taxing authorities and the policies and procedures of the company.
• Establishes rigorous and disciplined accounting and internal controls. The incumbent is responsible and accountable for:
• Ensuring financial statements (income statement, balance sheet, cash flows) are compliant with US GAAP and accurate without exception
• Adherence to all Valmont financial policies
• Accurate inventory valuation including periodic cycle counts and valuation in compliance with LIFO, accurate standard costs, accounting for standard cost variances, and inventory reserves compliant with Valmont policy
• Accurate and timely customer invoicing
• Revenue recognition in accordance with US GAAP
• Receivables valuation including maintenance of subledgers, reconciling items and reserves in compliance with policy
• Warranty accruals, reflective of known and/or expected failures and costs to remediate
• Expense accruals
• Payables, accrued liabilities and debt balances
• Balance sheet reconciliations, including maintaining records of the supporting detail and business activities that validate the balance sheet amount
• SOX controls. Includes ensuring all controls have an owner and are self-tested.
• Ensure all journal entries are properly supported and documented
• The incumbent will have a working knowledge of the basic functions of the North American Coatings Division and possess a strong working knowledge of general accounting. The incumbent must also be able to communicate effectively with Site Controller, Plant General Manager, Site Accountants and Accountants from other Valmont divisions. Accuracy in working with numbers, high attention to detail, and intermediate accounting skills are essential skills needed for this position.
• This position is responsible for quality of output and processes in the accounting area to coincide with the Valmont Coatings Site Controller's focus on providing on-time and accurate products and services to internal and external customers.
• Perform statistical analysis to determine trends, estimates, and significant changes to site performance and present findings.

• Ensure that proper audit controls are in place and followed.
• Maintain and distribute monthly financial status reports from the Coatings location general managers to Coatings Division senior management.
• Monitor for unusual accounting and reporting issues with Divisional Plant Accountants and North America Coatings Division Controller on a timely basis to ensure proper treatment, consistent application, and adherence to GAAP.
• Give recommendations for continuous improvement of products, processes and services and measurement of same to make efficient use of company resources.
• Enforce Accountability – Hold yourself and others accountable for maintaining an ethical and competent work environment through example setting, reporting, and resolution of any ineffective control or unethical conduct.
• Assist in identifying and resolving any intercompany differences that exist between the North America Coatings sites and Corporate as well as other Valmont sites.

Required Qualifications of Every Candidate:

• Preferred Bachelor's with 5+ years relevant experience or Associates Degree with 7+ years relevant experience or 10+ years of relevant experience
• 2+ years of general ledger accounting experience including account reconciliations, journal entries, and a basic understanding of internal controls
• Proficiency in MS Office (Word, Excel, PowerPoint, Outlook)
• Strong analytical, thinking and reasoning skills
• Detail and goal oriented
• Strong initiative and ability to make decisions, take action and solve problems
• Leadership abilities to…