ACCOUNTING MANAGER

Tower Laboratories, Ltd.; Centerbrook (CT); On-site; USD 90,000 - 120,000; Full time

Job summary

Tower Laboratories is seeking an Accounting Manager to lead daily accounting operations, payroll processing, and collaborate with the Controller to ensure timely payments to vendors and employees with accurate GL postings.

The role supervises the accounting team, develops standard costs, supports audits, and drives cost analyses within a manufacturing setting, emphasizing GAAP compliance and strong internal controls.

Qualifications

• Minimum 5 yrs general accounting experience.
• Minimum 3 yrs supervisory experience.
• Comprehensive knowledge and understanding of accounting principles (GAAP).
• BS in Accounting or Finance with strong background.

Responsibilities

• Oversee day-to-day activities of accounting processes.
• Process weekly payroll in coordination with HR.
• Perform month and year-end GL entries and adjustments.
• Develop standard costs using BOMs and budgeted rates.
• Create inventory/cost analyses for management.
• Prepare and balance amortization schedules and other entries.
• Prepare IRS reports, W2s, 1099s, etc.
• Review AP accuracy and oversee AR collections.
• Maintain and optimize cost accounting systems and ERP.
• Support ERP implementation related to Accounting functions.
• Assist annual audits, tax schedules, and internal controls testing for GAAP compliance.

Skills

General accounting

Supervisory experience

GAAP knowledge

ERP / Sage

Cost accounting

Payroll processing

Financial analysis

Education

BS in Accounting or Finance

Tools

SAGE ERP

Job description

Tower Laboratories is a leading effervescent product manufacturer in the United States. We develop and manufacture over the counter medications, nutritional supplements, soft drink tablets, and other consumer products on a contract basis. We are continually expanding our effervescent product base and currently have several new and interesting products in the research and development phase. We are proud to be a family owned and operated company for the last 40 years. Visit www.towerlabs.com to learn more!

POSITION SUMMARY

The Accounting Manager is responsible for the overall and day-to-day management of Accounting functions, including payroll processing. This position will work closely with the Controller to develop, implement and ensure ongoing accurate timely payments to vendors, employees (etc.) and proper internal processing to GL accounts and documentation of same. The position serves as back up for Controller. Other accounting related tasks may be required in order to supervise and support the Accounting Team.

JOB FUNCTIONS

• Manage the day-to-day activities of accounting processes.
• Perform weekly payroll responsibilities including processing, reconciling and editing in coordination with Human Resources.
• Perform month and year-end general ledger entries and adjustments within area of responsibility.
• Develop standard costs; maintain and update annually (or as needed) using bills of material and budgeted labor and overhead rates.
• Create various inventory and cost analyses for management as needed.
• Prepare and balance amortization schedules, loans, prepaid expenses, etc.
• Prepare and file required IRS reports including Sales and Use Tax Returns, W2s, 1099s, etc.
• Review AP accuracy
• Oversea collection activities of AR
• Maintain and optimize cost accounting systems, BOMs, and variance analyses within SAGE ERP.
• Monitor AP purchasing process and train others who purchase by reinforcing delivery dates, negotiating terms for payments, shipments, GL account numbers, etc.
• Manage fixed assets
• Manage 401K contributions and reconciliation
• Assist annual audit preparation, tax schedules, and internal controls testing for GAAP compliance.
• Provide support for annual 401K audit preparation
• Assist with implementation of new SAGE ERP system as it relates to Accounting functions.
• Perform cost analysis: Track costs in SAGE ERP material, direct labor & variable manufacturing costs, in conjunction with Controller to submit weekly reports to management.
• Support company mission and values in all responsibilities.
• Perform other responsibilities as assigned.
• Accounting team supervision AR/AP

SKILLS AND EXPERIENCE

• Minimum 5 yrs general accounting experience; preferably in a manufacturing environment
• Minimum 3 yrs supervisory experience
• Comprehensive knowledge and understanding of accounting principles
• Strong computer skills with advanced knowledge of spreadsheet and accounting software
• Strong financial analysis skills
• Excellent attention to detail
• BS in Accounting or Finance with strong accounting background

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or expression, pregnancy, age, national origin, disability status, genetic information, protected veteran status, or any other characteristic protected by law.