Accountant

Knorr Bremse Group; Westminster (MD); On-site; USD 57,000 - 71,000; Full time

Benefits offered by this job

On-site

Job summary

Knorr Brake Company is seeking a Staff Accountant to support the MERAK group with daily accounting tasks and the bi-annual budget process. The role covers month-end and year-end close, financial reporting, and assist with AP/AR duties, audits, and inventory checks.

The position requires a Bachelor’s degree in accounting or business administration and hands-on experience with GL, journal entries, and SEM. This is an on-site role in Westminster, MD with salary guidance provided.

Qualifications

• Bachelor degree in accounting or business administration.
• Experience with month-end close processes and financial reporting.
• Familiarity with GL and WBS coding and journal entries.

Responsibilities

• Assist with day-to-day accounting tasks and month-end close.
• Prepare journal entries and post them in SEM.
• Assist with AP/AR duties and budget/forecast preparation.
• Support yearly audit and inventory processes.
• Prepare reconciliations and budget-related reports.

Skills

Month-end close

Journal entries

Bank reconciliation

Financial reporting

Attention to detail

Education

Bachelor Degree - Accounting or Business Administration

Tools

SEM

GL

WBS

Job description

LOCATION: Westminster/Maryland (US-MD),United States | BRAND: Knorr Brake Company | REQUISITION ID: 11495 | JOB GRADE: 13 | ON-SITE/REMOTE: On-site

Knorr Brake Company is the innovative leader in the manufacture and supply of braking systems, passenger doors and climate-control equipment for all types of Mass Transit customers such as: METRO, Light Rail Vehicles, High-Speed Trains, Commuter Rail and Monorail Vehicles for the North America market. We’re part of the Knorr-Bremse Group, the global leader in braking technologies. We challenge our employees to pursue their work with passion while keeping an unparalleled commitment to technological excellence, integrity and social responsibility.

Knorr-Brake Company is an Equal Employment Opportunity (EEO) employer. It is the policy of the Company to provide equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran or disabled status, or genetic information.

JOB DESCRIPTION

The Staff Accountant is responsible for assisting with the MERAK group’s day-to-day accounting tasks. This position is also responsible for assisting with the preparation of the bi-annual budget and forecasts. Duties are to include assisting with the complete month-end and year-end financial close process, the preparation, analysis, and reporting of financials for internal and external customers, assistance with AP and AR duties as assigned, and assistance with the yearly audit.

ESSENTIAL FUNCTIONS

• Maintain a safe, clean and healthy environment and ensure the compliance with company's rules and policies.
• Must be able to comply with quality, product safety, and HSE rules, guidelines and regulations. Be energy conscious, if applicable.
• Must understand and comply with applicable standards. ( i.e.: ISO 9001, ISO 22163, ISO 14001, ISO 45001, ISO 50001, AAR, and CMMI).
• Maintain and safeguard business records.

Additional Essential Functions: Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Monthly Reporting
  • Prepare and post journal entries
  • Assist with determination of appropriate monthly and yearly accruals
  • Complete month-end close duties, including entry of financials into SEM
  • Prepare Corporate reporting requirements including A/r Reports, Functional P&L, Governance Reports, Cost Center Reports, and KPIs
  • Assist in preparation of account reconciliations
  • Prepare and post reconciling entries based off account reconciliations
  • Prepare and submit quarterly sales tax estimates as required
• Accounts Payable
  • Research and assist in resolving problems with outstanding invoices
  • Assist in proper coding of invoices using GL and WBS numbers
• Accounts Receivable
  • Assist in researching and applying customer payments
  • Research and resolve outstanding AR P.O.D/Invoice issues
  • Prepare monthly A/R customer statements and collection letters when necessary
  • Monitor customer discounts taken for early payment
• Cash Management
  • Retrieve daily bank statements from Deutsche Bank and Royal Bank
  • Prepare monthly reconciliation of Bank-to-Book balances and activity
• Annual Budgets/Forecasts
  • Assist with development of annual budget and mid-year forecasts
• Complete other accounting projects as assigned, to include, but not limited to:
  • Assist with yearly financial audit
  • Assist with yearly physical inventory processes
  • Assist with preparation of annual property tax return
  • Assist with yearly insurance renewals
  • Ad hoc report creation
  • Problem resolution
  • POC Accounting
  • Payroll Posting
• Ability to sort and prioritize workload

REQUIRED EDUCATION

• Bachelor Degree - Accounting or Business Administration

The anticipated salary range for candidates who will work in Westminster, MD is 56,900 to 71,100 per year.

Please note: At this time, we are not able to offer immigration sponsorship for new hires. All applicants must be currently authorized to work in the United States on a full-time basis without the need for current or future employment-based visa sponsorship.

Become part of our team!

Join us in shaping the mobility of the future!

We - that's around 32,000 employees worldwide. At over 100 locations in more than 30 countries, we are committed to progress on rail and road through technological excellence, sustainable management and social responsibility. Our most recent turnover was 7.8 billion euros. With us, you can expect an exciting and varied job in an international environment as well as an attractive package.