Ice-O-Matic, the premier manufacturer, distributor, and supplier of ice machines worldwide, perfecting top-quality Ice since 1952, has an immediate need for a Sr. Cost Accountant.
Job Title: Senior Accountant Location: Denver
Department: Accounting Classification: Salary
Reports to: Controller Rev Date: 07/29/2024
Position Summary:
This position ensures accuracy of payroll, and all assigned general ledger accounts, provides month-end reporting and account reconciliations, prepares month end journal entries and assists in creating financial reports. Ensures accurate data in regard to all incentive sales programs, and processes rebates for distributors, dealers, and buying groups. Processes weekly payroll journal entries and related accruals. Maintains and reconciles balance sheet accounts and assists finance and sales teams with pricing and profitability analyses. This position also prepares and proofs monthly financial reports for management and taxing authorities regarding monthly business activity.
Duties and Responsibilities:
Month End Process
- Prepares month end journal entries and adjustments
- Assists with the preparation of month end schedules and data import, and assists preparation for month end close
Maintains and reconciles various other balance sheet accounts
Payroll
- Process weekly and bi-weekly payroll for approximately 170+ employees (salaried and hourly), including ensuring accuracy of garnishments, vacation time, benefits and 401k deductions.
- Determines taxability of compensation in accordance with federal, state and local provisions. Able to calculate federal and state taxable wages to include payroll validation and gross-up calculations.
- Knowledge and understanding of pre-tax and after-tax deductions and the impact on taxable wages.
- Responsible for setting up new state taxes with Paycom
- Responsible for weekly and monthly processing of Union fees and dues.
- Responsible for special payroll runs to include quarterly and annual bonuses
- Ensure accurate and timely postings of journal entries from the payroll system and reconciliation of payroll accounts
- Troubleshoot and resolve payroll issues
- Complete QE and YE auditing, wage & tax adjustments, research and resolved employee out of balances, and annual W2 review and W2C processing
- Responsible for pay period documentation filing for all payrolls to ensure proper documentation retention.
- Preparing commissions reports and payment requests
- Receives and reviews monthly reports from distributors, cleans up discrepancies, and ensures accuracy of data while entering into local ERP
- Calculates commissions, updates and maintains accuracy of all pricing and incentive reports and programs in spreadsheets and QAD
- Calculates and completes all payment requests and credit memos (for rebates, price support, VIP, discounts, etc) for distributors, dealers, and buying groups.
- Sends out monthly Buying Group reports, prepares reports, verifies data in QAD, updates incentive reports with current data at end of each month
- Maintains confidentiality of employee information and data accuracy of HRIS
Journal Entries and Cost Accounting
- Processes weekly payroll journal entries, 401k payments, and calculates any related accruals
- Assist with preparation of financial statements and trial balance
- Assists Controller with other accruals as needed
- Prepares monthly accrual entries for distributor and dealer rebates
- Investigates nexus sales tax requirements in all states
- Support cost accounting function with respect to cost rolls, inventory reconciliations, COGS analysis, & other ad hoc reporting.
Support functions
- Support Sales Team with financial analysis as requested
- Analyze and process pricing changes
- Provide support to complete internal and external audits
- Prepares various reports for management and corporate office
- Plays a key role in the annual physical inventory
- Processes weekly wire distribution
- Backup for AP and AR positions
- Performs miscellaneous accounting job-related duties as assigned
Budgeting and forecasting
- Maintains and analyzes Department Budgets
- Assists with the preparation of reforecast materials
- Maintains prioritization of multiple duties while exercising independent judgment.
WHY WORK AT ICE-O-MATIC?
IOM has been making ice machines in Denver, Colorado for over 50 years and we pride ourselves on innovation, quality, and building the best products in our industry. We supply all food service distribution points around the world from small restaurants to national chains and from food trucks to stadiums.
We are looking for talented individuals to join our growing company. Individuals who enjoy working with others, driving results, and having fun. If you have a passion for making great products, making a difference, and creating an amazing customer experience, then please send us your resume.
For more information on Ice-O-Matic, please see our website:
Ice-O-Matic provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.
The annual salary is $70,000 - $80,000. Pay is based on several factors including but not limited to education, work experience, time in role, certifications, etc. This role is eligible for a bonus based on performance. In addition to your salary, Ice-O-Matic offers a comprehensive benefits package, incentive and recognition programs, and a 401K plan (all benefits are based on eligibility).
Application deadline: Friday, August 30, 2024 12:00 p.m. MST
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