Senior Accountant
Mitsubishi Electric, Suwanee, GA, United States
Senior Accountant
The Senior Accountant is responsible for managing capital and fixed asset accounting as well as broader financial close and reporting activities to ensure accurate, timely, and GAAP-compliant results for the HVAC division of MEUS. This role oversees capital expenditures and fixed assets, including recording activity, reconciling subledgers to the general ledger, monitoring depreciation, supporting physical inventories, and providing related analysis and reporting to management, auditors, and tax. In parallel, the Senior Accountant prepares and analyzes monthly departmental profit and loss statements, investigates significant variances versus forecasts and plans, and supports month-end, quarter-end, and year-end close through preparation of journal entries and reconciliations across cash, inventory, payroll, intercompany, foreign exchange revaluation, and GR/IR clearing accounts.
The position is responsible for posting and reconciling daily cash activity and bank transactions, coordinating factory chargebacks, supporting standard cost and variance analysis with Procurement and Operations, ensuring compliance with internal controls and audit requirements, supporting ad-hoc reporting and special projects, and collaborating cross-functionally while exercising strong analytical judgment.
The essential functions of the position include, but are not limited to the following:
Independently analyze and present monthly variances in capital expenditures, fixed assets, and inventory transactions for review by the Senior Accounting Manager
Notify management of potential issues, variance from plan, and potential corrective actions
Demonstrate strong analytical skills and knowledge of financial interrelationships
Provide backup to team members and/or management via cross-training
Prepare and analyze monthly profit and loss statements to determine large variances from annual forecasts
Responsible for capital and fixed asset accounting, ensuring data is recorded and reported accurately and timely in accordance with GAAP and tax regulations
Reconcile fixed asset sub-ledger to ensure accuracy with the general ledger
Review, update, and interpret fixed asset accounting policies and procedures in coordination with PIMS and MEUS policies
Perform daily, weekly, and monthly reconciliation of bank accounts with the general ledger, post journal entries, and resolve discrepancies
Maintain monthly foreign exchange revaluation of Accounts Receivable and post related entries
Maintain and reconcile intercompany balances
Ensure processes and policies meet GAAP requirements for capitalization and depreciation
Provide monthly financial review updates for depreciation and project status
Lead the physical inventory of fixed assets for the Heating and Air-Conditioning Division.
Assist in preparation of ad-hoc reports, annual Property Tax valuation, KPMG reporting related to fixed assets and inventory
Update standard material costs as requested
Communicate with procurement regarding monthly variance analysis for purchase price
Responsible for chargeback invoicing of affiliate factories
Create and maintain desk procedures for specific areas of responsibility
Assist in the audit of physical inventories
Support ICFR Testing (Internal Controls over Financial Reporting)
Prepare the HVAC Consolidation and Sales Report and R&D Report as required
Participate in special projects assigned by the Senior Accounting Manager
Review Capital Expense Acquisition Requests (C.E.A.R.) and provide recommendations regarding approval
Support Consolidation Accounting with Joint-Venture Analysis and Equity Roll forward preparation
Assist in the preparation of Pro Forma Financial Statements for forecasting and internal reporting
Support calculation and internal reporting of Gross Margin and Royalty expenses due to the Parent Company
Prepare, process, and review month-end recurring entries, accruals, intercompany entries, reconciliations, and supporting schedules
Non-essential functions include:
May require infrequent travel to Mexico (typically once per year)
Knowledge of Maquiladora, IFRS, and Customs regulations is a plus
Performs other job functions as assigned.
Education and experience:
Bachelors in Accounting or related field preferred
Minimum of 5-7 years of accounting experience required
Cost accounting experience is preferred
Proficiency with SAP required; experience with Sage Depreciation Network is a plus
Experience in financial reporting required
Demonstrated ability to exercise independent discretion and judgment is essential
Advanced Excel skills required, along with proficiency in other Microsoft Office programs
Must possess strong problem-solving skills and commitment to continuous improvement
Excellent verbal and written communication skills are required
Ability to interact effectively with individuals at all levels of the organization is required
Management retains the discretion to add or change the duties of the position at any time.
The Senior Accountant is responsible for managing capital and fixed asset accounting as well as broader financial close and reporting activities to ensure accurate, timely, and GAAP-compliant results for the HVAC division of MEUS. This role oversees capital expenditures and fixed assets, including recording activity, reconciling subledgers to the general ledger, monitoring depreciation, supporting physical inventories, and providing related analysis and reporting to management, auditors, and tax. In parallel, the Senior Accountant prepares and analyzes monthly departmental profit and loss statements, investigates significant variances versus forecasts and plans, and supports month-end, quarter-end, and year-end close through preparation of journal entries and reconciliations across cash, inventory, payroll, intercompany, foreign exchange revaluation, and GR/IR clearing accounts.
The position is responsible for posting and reconciling daily cash activity and bank transactions, coordinating factory chargebacks, supporting standard cost and variance analysis with Procurement and Operations, ensuring compliance with internal controls and audit requirements, supporting ad-hoc reporting and special projects, and collaborating cross-functionally while exercising strong analytical judgment.
The essential functions of the position include, but are not limited to the following:
Independently analyze and present monthly variances in capital expenditures, fixed assets, and inventory transactions for review by the Senior Accounting Manager
Notify management of potential issues, variance from plan, and potential corrective actions
Demonstrate strong analytical skills and knowledge of financial interrelationships
Provide backup to team members and/or management via cross-training
Prepare and analyze monthly profit and loss statements to determine large variances from annual forecasts
Responsible for capital and fixed asset accounting, ensuring data is recorded and reported accurately and timely in accordance with GAAP and tax regulations
Reconcile fixed asset sub-ledger to ensure accuracy with the general ledger
Review, update, and interpret fixed asset accounting policies and procedures in coordination with PIMS and MEUS policies
Perform daily, weekly, and monthly reconciliation of bank accounts with the general ledger, post journal entries, and resolve discrepancies
Maintain monthly foreign exchange revaluation of Accounts Receivable and post related entries
Maintain and reconcile intercompany balances
Ensure processes and policies meet GAAP requirements for capitalization and depreciation
Provide monthly financial review updates for depreciation and project status
Lead the physical inventory of fixed assets for the Heating and Air-Conditioning Division.
Assist in preparation of ad-hoc reports, annual Property Tax valuation, KPMG reporting related to fixed assets and inventory
Update standard material costs as requested
Communicate with procurement regarding monthly variance analysis for purchase price
Responsible for chargeback invoicing of affiliate factories
Create and maintain desk procedures for specific areas of responsibility
Assist in the audit of physical inventories
Support ICFR Testing (Internal Controls over Financial Reporting)
Prepare the HVAC Consolidation and Sales Report and R&D Report as required
Participate in special projects assigned by the Senior Accounting Manager
Review Capital Expense Acquisition Requests (C.E.A.R.) and provide recommendations regarding approval
Support Consolidation Accounting with Joint-Venture Analysis and Equity Roll forward preparation
Assist in the preparation of Pro Forma Financial Statements for forecasting and internal reporting
Support calculation and internal reporting of Gross Margin and Royalty expenses due to the Parent Company
Prepare, process, and review month-end recurring entries, accruals, intercompany entries, reconciliations, and supporting schedules
Non-essential functions include:
May require infrequent travel to Mexico (typically once per year)
Knowledge of Maquiladora, IFRS, and Customs regulations is a plus
Performs other job functions as assigned.
Education and experience:
Bachelors in Accounting or related field preferred
Minimum of 5-7 years of accounting experience required
Cost accounting experience is preferred
Proficiency with SAP required; experience with Sage Depreciation Network is a plus
Experience in financial reporting required
Demonstrated ability to exercise independent discretion and judgment is essential
Advanced Excel skills required, along with proficiency in other Microsoft Office programs
Must possess strong problem-solving skills and commitment to continuous improvement
Excellent verbal and written communication skills are required
Ability to interact effectively with individuals at all levels of the organization is required
Management retains the discretion to add or change the duties of the position at any time.