The Senior Accountant is responsible for overseeing key financial functions, including inventory management, financial reporting, audit compliance, payroll reporting, and process improvement initiatives. This role ensures the accuracy and efficiency of accounting operations, with a particular focus on inventory costing, tax data gathering, and cash receipt review. The Senior Accountant collaborates with internal teams, auditors, and tax advisors to ensure compliance with accounting standards and regulatory requirements. Additionally, this position drives process optimization and provides mentorship to junior staff, playing a vital role in cross-functional projects and supporting the overall financial health of the organization. 

 

Essential Duties & Responsibilities  

 Inventory Management 

Oversee inventory costing processes, ensuring accurate recording and reporting of material and goods costs. Monitor slow-moving and obsolete inventory, making adjustments to reserves and providing management reports on inventory valuation. Administer annual inventory count sheets and oversee physical inventory counts, coordinating with auditors to ensure compliance and accurate reconciliation. 

Financial Reporting & Analysis 

Prepare financial statements, including reports related to inventory costs, cash flow, and payroll. Review and reconcile cash receipts, ensuring timely posting and resolution of discrepancies. Assist with the preparation and review of income tax reporting and support tax planning by gathering necessary financial data. 

Audit & Compliance 

Serve as a point of contact for internal and external auditors, preparing audit schedules and ensuring timely delivery of documentation. Ensure compliance with accounting standards and company policies through accurate financial records and reporting. 

Payroll Reporting 

Prepare and submit payroll reports in compliance with internal controls and regulatory requirements. Collaborate with HR to resolve payroll discrepancies and ensure accurate, timely payroll records for audit and reporting purposes. 

Process Improvement & Automation 

Identify opportunities for improvement in accounting processes and implement automation tools to enhance operational efficiency. Recommend and lead initiatives to optimize financial controls and procedures. 

Cross-Functional Collaboration & Leadership 

Collaborate with internal teams to resolve financial reporting issues and ensure seamless operations across departments. Mentor junior accounting staff, providing guidance on accounting processes and professional development. Participate in cross-functional projects and strategic initiatives to support overall business objectives.