Financial Analyst

Asahi Kasei America Glenview , IL

Posted 2 months ago

At Asahi Kasei we believe anyone can buy equipment or build a facility. It is our diverse team members around the globe who will enable us to develop ideas and technologies and capture the exciting opportunities that lie ahead. We look for candidates with a fresh perspective, people with a wide variety of skills who are creative thinkers, enjoy challenges and are driven to excel.

We are currently seeking applications to fill the following job opening at Asahi Kasei Bioprocess where we sell Planova virus removal filters and develops and manufactures related bioprocess equipment.

Company:

Asahi Kasei Bioprocess America, Inc.

Job Description:

ASAHI KASEI BIOPROCESS AMERICA, INC.

POSITION DESCRIPTION

POSITION TITLE: Financial Analyst

DEPARTMENT: Accounting/FP&A

PREPARED BY: Adam Blossfield EFFECTIVE DATE: 01Nov2021

DEPARTMENT APPROVAL: HR APPROVAL:

A. POSITION SUMMARY: The Financial Analyst is responsible for financial reporting and analysis, forecasting & annual budget processing, supporting cross-departmental & organization optimization projects, assisting the Accounting Manager with the month-end/year-end close, providing relief/backup for billing, A/P, A/R, collection efforts, payroll processing, and other projects as assigned. The position reports to the Accounting Manager.

B. KEY FUNCTIONS

Financial Analysis (55%)

  • Perform margin review for equipment builds comparing budget to actual to determine the reason for material variances

  • Perform analytical reviews of BU financial statements and investigate fluctuations

  • Prepare and/or assist in preparation of monthly financial reporting packages submitted to corporate management

  • Maintain compliance with internal controls over financial reporting

  • Support provision of deliverables to internal and external auditors

  • Assist in forecasting, related support & presentation prep for annual budget and Mid Term Plan processes

  • Manage the collection of inputs for and consolidate the BU financial forecast and budgets

  • Identify opportunities for improvements in accounting and financial close processes

  • Lead and contribute to accounting/finance projects, including financial/operations system implementation

  • Special projects and other duties as needed

General Accounting (35%)

  • Assist the Accounting Manager with monthly, quarterly, and annual financial closing - planning and executing periodic closing processes and ensuring all supporting analyses and reconciliations are complete and submitted on-time

  • Assist the Accounting Manager with recognizing revenue using appropriate accounting methods (approximately 1/4th of company sales are recognized on the Percentage of Completion method)

  • Assist the Accounting Manager to plan and/or supervise annual physical inventory count

  • Research, assess the impact, and lead the implementation of the appropriate accounting treatment for non-standard transactions and new U.S. GAAP accounting standards

  • Prepare and enter various journal entries

  • Reconcile and analyze general ledger accounts

  • Support the maintenance of the fixed and intangible asset sub-ledgers; review the calculation of the monthly depreciation and amortization expense

  • Support the reconcilion of inventory monthly; Prepare the obsolete inventory calculation quarterly

  • Participate in audits

  • Investigate questionable data and recommend actions to resolve discrepancies

  • Special projects and other duties as needed

Accounts Payable, Accounts Receivable & Payroll (10%)

Provide relief/backup for billing, A/P, A/R, and payroll processing, including but not limited to:

  • Responding to vendor inquiries and resolving A/P issues

  • Obtaining W-9s from new vendors, and processing annual 1099s.

  • Assisting with value-added tax (VAT) reporting

  • Preparing sales invoices and submitting to customers.

  • Reviewing sales orders and/or CDS's for accuracy, updating as needed, and releasing to Customer Experience Specialists.

  • Tracking aging and making collection calls as needed.

  • Applying customer payments to the appropriate account.

  • Managing customer deposits in the appropriate account.

  • Reviewing for accuracy the bi-weekly payroll report provided by AKA Payroll department.

  • Maintaining appropriate records for employee personal time off and record required adjustments to accrual journal entries.

D. ORGANIZATIONAL RELATIONSHIPS: Reports to Accounting Manager

E. MINIMUM/PREFERRED REQUIREMENTS:

  • Bachelor's Degree in accounting required

  • 0-5 years experience performing accounting/financial analysis duties

  • CPA study or aspiration desired

  • Exceptional integrity, professionalism, detail-orientation, and organization

  • Familiarity with both small and large company processes

  • Familiarity with manufacturing businesses a plus

  • Proficient in Microsoft Office - Word, Excel, and Outlook

F. PHYSICAL DEMANDS/ENVIRONMENTAL CONDITIONS:

  • Infrequent travel (~1 trip/yr)
  • Occasional overtime may be required (quarter or year-end closing, audits, budgeting, etc.)

We believe a diverse workforce is crucial to our growth as a global supplier of advanced materials. Asahi Kasei is an equal opportunity employer.

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Financial Analyst

Asahi Kasei America