Accounting Manager

Socket.dev; Des Plaines (IL); On-site; USD 90,000 - 130,000; Full time

Job summary

Socket.dev is seeking an Accounting Manager to oversee the Finance Department operations, including month-end close, accounts payable and receivable, payroll, and monthly financial reporting. The role supports operations and corporate finance while enabling growth with accurate financial analysis and reporting.

The position requires professionalism, strong interpersonal skills, and the ability to multi-task in a fast-paced environment.

Qualifications

• Broad knowledge of accounting principles (GAAP).
• Experience keeping up to date with regulatory changes affecting financial processes.
• Experience with payroll systems.
• Experience with forecasting and financial analysis.

Responsibilities

• Manage daily accounting operations in a timely and organized manner.
• Complete timely and accurate month-end close.
• Provide timely and accurate financial reports and department expense reports to management.
• Manage all day-to-day accounts payable operations, including vendor management, invoice entry, and payment.
• Manage AR cycle in coordination with customer service, including posting cash receipts and collection on overdue accounts.
• Prepare weekly cash requirements for Director of Finance.
• Preparation of monthly bank reconciliations to ensure accuracy of bank and accounting system balances.
• Manage the year-end audit process including managing materials to support audit requirements/requests and interacting with auditors.
• Work with management in the preparation of forecasts, and in conducting financial analysis.
• Support compliance across the company including tax filings, implementation of controls, and governance.
• Ensure review, timely processing, and payment of compliant expense reports.
• Provide suggestions for continued improvement for all processes and efficiencies.
• Reconciling payroll to the general ledger based on information from HR.
• Work closely with Human Resources to ensure timely and accurate employee transactions and to provide ad hoc confidential support (PTO tracking, benefits administration, etc.)
• Serve as back-up to other finance staff as needed.
• Complete timely inventory assessment and manage inventory tracking and processes.
• Manage product costing including materials, labor and overhead.
• Manage timely cross charges to MBLI and collection.
• Assist management in the preparation of annual operating plans for the company.

Skills

GAAP knowledge

Excel proficiency

Financial reporting

Vendor management

Payroll systems

Communication skills

Education

Masters or MBA in Accounting/Finance

Bachelor’s degree in Accounting or Finance

Tools

Microsoft Great Plains

Job description

Description

Purpose of Work:

The Accounting Manager will have responsibility for the operations in the Finance Department as a support function for Operations and Corporate Finance. Responsibilities include the month-end G/L close process, accounts payable operations, accounts receivable, preparation of financial reports as requested and monthly financial reporting, processing of company expense reports, payroll, and bank reconciliations, insurance and tax documents. The role will assist with other activities, such budget preparation and financial analysis to support the company’s growth. The position requires professionalism, flexibility, excellent interpersonal skills and discretion with the ability to multi-task while delivering high quality work, and the capability to work collaboratively in a rapidly changing environment. Attention to detail, integrity and accuracy of work is a requirement. The role will interact closely with all levels of management and staff, as well as outside service providers (vendors, consultants, etc.). Must be able to manage the day-to-day financial accounting decisions with accuracy and forethought.

Essential Job Functions and Duties:

• Manage daily accounting operations in a timely and organized manner.
• Complete timely and accurate month-end close
• Provide timely and accurate financial reports and department expense reports to management.
• Manage all day-to-day accounts payable operations, including vendor management, invoice entry, and payment.
• Manage AR cycle in coordination with customer service, including posting cash receipts and collection on overdue accounts.
• Prepare weekly cash requirements for Director of Finance
• Preparation of monthly bank reconciliations to ensure accuracy of bank and accounting system balances.
• Manage the year-end audit process including managing materials to support audit requirements/requests and interacting with auditors.
• Work with management in the preparation of forecasts, and in conducting financial analysis.
• Support compliance across the company including tax filings, implementation of controls, and governance.
• Ensure review, timely processing, and payment of compliant expense reports.
• Provide suggestions for continued improvement for all processes and efficiencies.
• Reconciling payroll to the general ledger based on information from HR.
• Work closely with Human Resources to ensure timely and accurate employee transactions and to provide ad hoc confidential support (PTO tracking, benefits administration, etc.)
• Serve as back-up to other finance staff as needed.
• Complete timely inventory assessment and manage inventory tracking and processes.
• Manage product costing including materials, labor and overhead.
• Manage timely cross charges to MBLI and collection.
• Assist management in the preparation of annual operating plans for the company.

Requirements

Education:

• Masters or Bachelor’s degree in Accounting or Finance or MBA
• Minimum 5 years of experience, public accounting and/or life science/biotech preferred

Experience:

• Broad knowledge of accounting principles (“GAAP”).
• Experience in keeping up to date with regulatory changes affecting financial processes and procedures.
• CPA a plus
• Experience using payroll systems
• Strong expertise with enterprise technology systems and advanced skill.
• Experience with Microsoft Great Plains mandatory.
• Experience with forecasting and financial analysis

Knowledge, Skills, Abilities:

• Must be savvy with Microsoft Excel
• Outstanding verbal, written and technology communication skills successfully working with all levels of the organization; high proficiency with Microsoft Office suite (PowerPoint, Excel, and Word)
• Proven effectiveness in time management, attention to detail and strong organizational skills
• Reputation for successfully building sustained, external third-party relationships while representing the best interests of the Company
• Proven history keeping sensitive information confidential
• Performs other duties, as required

Physical Requirements of the Position:

Ability to sit at a computer for long periods of time.

Type of Work Environment:

Office