Staff Accountant

KNIPEX Tools LP; Buffalo Grove (IL); On-site; USD 65,000 - 85,000; Full time

Benefits offered by this job

Bonus eligibility

Medical, dental, and vision insurance

Health Reimbursement Arrangement (HRA)

Generous paid time off

401K

Job summary

KNIPEX Tools LP is seeking a Staff Accountant to join our accounting and finance team in Buffalo Grove, IL. The role focuses on Accounts Payable and Credit functions while serving as the SAP accounting SME, maintaining pricing and costing data in the system.

The ideal candidate has a minimum of three years of accounting experience, with hands-on SAP experience and strong GAAP knowledge. Industrial manufacturing or distribution experience is a plus.

Qualifications

• Bachelor’s Degree in Accounting with 3-5 years of accounting experience (or equivalent).
• Strong GAAP knowledge and accounting fundamentals.
• Hands-on SAP or comparable ERP system experience required.
• Experience in industrial manufacturing or distribution is a strong plus.

Responsibilities

• Enter Accounts Payable invoices.
• Process various vendor invoices and payments.
• Perform GL reconciliations and related reports.
• Assist with annual audit preparations.
• Post payments, journal entries and bi-weekly SAP check runs.
• Assist with GST and tax payments where applicable.

Skills

Financial reporting

Communication

Detail oriented

Deadline driven

Follow-up

Professional communication

Education

Bachelor’s Degree in Accounting

Tools

SAP ERP

ERP systems

Job description

The Staff Accountant position is a key function in the accounting and finance department and contributes to the creation and reporting of accurate and timely accounting and financial records for the organization. Key responsibilities include overseeing Accounts Payable and Credit functions in addition to tasks related to financial reporting functions. The Senior Staff Accountant will be the subject matter expert for SAP accounting functions and will maintain pricing and costing data in the system.

Position Overview

This position requires a technical thinking, detail-oriented accounting professional who has a minimum of three years of accounting experience, preferably within the distribution, or manufacturing industry. Hands-on operational experience using SAP sales, distribution, inventory and/or financial modules or similar modules within a comparable ERP system is required.

Position Responsibilities

• Enters Accounts Payable invoices.
• Pays various invoices online including UPS, FedEx, rent, and Canadian Border Services Agency invoices.
• Performs research and analysis related to all AP postings.
• Performs various General Ledger account reconciliations and GL Activity reports.
• Assists with the annual audit preparation.
• Investigates and resolves audit findings, account discrepancies, and issues of non-compliance.
• Contributes to the development of new or amended accounting systems, programs and procedures.
• Maintains effective price in SAP Info record.
• Maintains accounting and costing tabs in SAP material master.
• Tracks all invoices from KW.
• Maintains tariff file.
• Completes Monthly Cost Calculation Run-provides the list of items to be costed.
• Creates new vendors in SAP and updates all vendor records as needed.
• Clears all balance sheet accounts on a regular basis.
• Reconciles U.S. bank activity daily and Canadian bank activity weekly.
• Completes preliminary work on the weekly cash flow reports.
• Financial reporting, including the Monthly Packaging Expenses Tracking report, Monthly Amazon Deductions Tracking report, the Monthly Punitive Tariffs Tracking Report and other financial reports as needed.
• Posts outgoing payments, incoming payments, and journal entries.
• Executes bi-weekly check runs in SAP.
• Calculate and process monthly GST and quarterly QST tax payments and refunds.
• Assists with banking, accounts payable, accounts receivable and EDI as needed.
• Other transaction processing as required.
• Assists with the duty drawback project by researching eligible import duties and tariffs, gathering and reviewing supporting documents, and providing information needed to support drawback claims.
• Annual 1099 forms filing.
• Assists with the new hire training.
• Takes the lead in formalizing and updating all accounting procedures on the shared drive.
• Helps to establish all backup and control procedures in Accounting Department.
• Other duties as assigned.

Position Requirements

• Knowledge
  • Bachelor’s Degree in Accounting plus 3-5 years of accounting experience; or equivalent in years of experience.
  • Strong accounting capabilities and solid understanding of GAAP.
  • Three years of hands-on operational experience using SAP or comparable ERP system.
  • Ability to improve and learn to be an expert in the SAP accounting functions.
  • Experience in an industrial manufacturing or distribution environment is a strong plus.
• Skills
  • Excellent written and verbal communication skills.
  • Detail oriented with strong problem-solving skills.
  • Demonstrated ability to handle a variety of assignments simultaneously.
  • Ability to work under deadline pressure.
  • Excellent follow up.
  • Ability and confidence to communicate at all levels, internally and externally in a professional manner by phone, email and face-to-face contact.
• Personal Attributes
  • Flexible work attitude; ability to learn new things quickly.
  • Sense of urgency mindset with an assertive “let’s get it done” attitude.
  • Holds self to high ethical standards and is capable of maintaining confidentiality.
  • Enjoys multitasking.
  • Professional demeanor.
  • Positive, energetic attitude.
  • Dynamic friendly personality.
  • Strong interpersonal skills and ability to work well with teams.
  • Interested in achievement of broad objectives through teamwork and collaboration.
  • Results oriented, self-motivated, and has the ability to meet all deadlines.
• Physical Demands and Work Environment
  • Continuous keyboard and screen usage for several hours a day.
  • Capable of standing or sitting for several hours a day.
  • Position requires periodic walking, stooping, bending, reaching, and ability to push, pull, and grasp required.
  • Regular, reliable, and predictable onsite attendance necessary.

Company Values

Knowledge:

• Improvement is GREAT. Change is GREAT. Wanting to be better is GREAT.
• Innovate; take initiative and be curious. Learn from mistakes.
• Continue to develop our skills; challenge ourselves and others to achieve possibilities.

Teamwork:

• First and foremost, we are a team. Our competition is outside these walls.
• We are all role models and lead by good example.
• Our cooperation and communication is characterized by kindness, openness, honesty, and valuing each other’s contributions.

Loyalty:

• Demonstrate reliability, responsibility, and ownership – not just through words, but through actions.
• Keep commitments; say what you will do, and do what you say.
• Trust each other and continue to earn that trust every day.

Passion:

• Strive to achieve consistently superior quality, service, performance, productivity, efficiency, and effectiveness.
• Take pride in our product, our company, and our people.
• Embrace sustainable initiatives and give back to the community.

The annualized base salary for this position is: $65,000 - $85,000. Please note that the specific compensation for this role will be determined based on experience, qualifications, location, and internal equity considerations.

We have other benefits associated with this position which include: Bonus eligibility, medical, dental, and vision insurance, company funded Health Reimbursement Arrangement Plan (HRA), generous paid time off, 401K, etc. For more detailed information on our complete benefit package, see https://www.knipex-tools.com/company/careers