$85,000 - $95,000 yearly
Magnetic Technologies Corporation
Woodstock, IL, USA
Job purpose Under the management of the North America Operational Controller, the Senior Accountant is responsible for recording timely entries, providing accurate reporting, and analysis of financial information. All work requires the application of established accounting principles, practices and procedures and complies with GAAP. Essential Duties and responsibilities Month end close and financial statement preparation: Prepare monthly journal entries and corresponding reconciliations such as prepaids and accrued expenses Maintain capital expenditure records and fixed asset reporting. Calculate monthly reserves for excess and obsolete inventory, net realizable value, and capitalized inventory variances Variance analysis of key general ledger accounts Preparation of Sales and Use Tax filings Auxiliary Functions: Assist with accounts payable and customer collections as needed Post daily invoices, prepare sales reports with margin analysis...