Accounting Manager, GAAP & Close Leader

Precision Medicine Group; Frederick (MD); On-site; USD 101,000 - 125,000; Full time

Benefits offered by this job

Annual bonus

Health insurance

Retirement plan

Life insurance

Disability benefits

Parental leave

Paid time off

Job summary

Precision Medicine Group is seeking an experienced accounting leader to oversee month-end close, inventory accounting, revenue recognition (ASC 606), and financial reporting in a fast-growing environment. You will mentor staff and partner with FP&A and executive leadership to drive accuracy and timeliness.

The role requires 10+ years of experience, a Bachelor's in accounting/finance, and advanced Excel and ERP proficiency, with a discretionary bonus and comprehensive benefits.

Qualifications

• 10 years of relevant experience.
• Bachelor’s degree with a minimum concentration accounting or finance.
• Advanced Microsoft Excel skills
• Strong MS Office literacy e.g. Word, PowerPoint, Excel
• Excellent time management and organizational skills
• Proven critical thinking, analytical, interpretative and problem-solving skills
• Ability to process and analyze large volumes of qualitative and quantitative information
• Detail-oriented professional with ability to handle complex reporting while meeting company deadlines, sometimes with short turnaround times, and competing priorities.
• Strong knowledge of GAAP, financial regulations, and accounting best practices, including a knowledge of inventory accounting and US standards.
• Meaningful experience partnering with executive leadership
• Partner with FP&A on Government accounting requests, including Payroll Data reconciliations, and audit support.
• Strong interpersonal and relationship building skills and an ability to build credibility with external and internal stakeholders
• Professional that thrives in a dynamic, fast pace, high growth environment
• Willingness to extend yourself and assist/mentor other more junior team members. Ability to function well in team oriented environment.
• Solid understanding of integrated business processes in an enterprise software environment (ERP).
• Demonstrated leadership capabilities, with a track record of developing teams and fostering strong cross-functional relationships.
• Possesses ethics and integrity when dealing with confidential and sensitive information.

Responsibilities

• Journal Entries - Review JE's prepared by the Accounting team. Prepare complex GL entries as required.
• Payment Processing/Cash applications - Review AP spend and cash flow forecasts to ensure reasonable and cash flow needs are appropriate.
• Account Reconciliations - Review balance sheet account reconciliations across multiple business units including inventory, unbilled/deferred revenue, payroll liabilities, capitalized labor, ROU asset/depreciation, fixed assets/depreciation, intercompany reconciliations, prepaids etc. May prepare complex account reconciliations as needed.
• Business Level Financial Reporting - Partner with FP&A on review and preparation of budgets, forecasts and allocation methods.
• Train and mentor staff, ensure process documentation for accounting thresholds/adjustments and new GAAP standards are shared with the business to ensure accurate accounting and understanding of financial reporting. Continue to identify areas for improvement. Integrate new business acquisitions and initiate new projects as needed.
• Monitor emerging US GAAP standards or practices which may impact operations and reporting. Assist with data gathering and implementation of GAAP standards to be adopted.
• Cost Management - Review Financial results for efficiencies - Establish internal controls to minimize risk of payment errors, duplicate payments or fraud and work with the accounting team to implement needed controls.
• Revenue - Review of customer contracts to ensure consistent application of revenue recognition policies in accordance with US GAAP (ASC 606) as needed.
• Audit - Prepare and review audit support prepared by team prior to providing to external auditors (audit/tax) to ensure appropriate to meet their requests. Review and finalize any required accounting memos on policies prior to providing to auditors. Prepare complex audit schedules as needed. Support local statutory audit needs as required. Point person to manage PBC requests and follow up on any audit issues identified.
• Strategic initiatives - Assist with strategic initiatives of the business as needed (system implementations, integrations, acquisitions etc.)
• And other job duties as assigned by the line manager.

Skills

Advanced Excel

MS Office

Analytical thinking

Detail-oriented

GAAP knowledge

Leadership

Mentoring

Cross-functional collaboration

Executive partnering

ERP systems

Education

Bachelor's degree in accounting or finance

Job description

Precision Medicine Group is seeking an experienced accounting leader to oversee month-end close, inventory accounting, revenue recognition (ASC 606), and financial reporting in a fast-growing environment. You will mentor staff and partner with FP&A and executive leadership to drive accuracy and timeliness.

The role requires 10+ years of experience, a Bachelor's in accounting/finance, and advanced Excel and ERP proficiency, with a discretionary bonus and comprehensive benefits.