Staff Accountant

Sumitomo Electric Group; Saint Marys (Elk County); On-site; USD 55,000 - 75,000; Full time

Job summary

Keystone Powdered Metal Company in St. Marys, PA is seeking a Staff Accountant to join the Accounting team. The role reports to the Accounting Manager and emphasizes fixed assets, depreciation, asset tracking, and month-end close.

The ideal candidate holds a Bachelor's degree in business with accounting concentration, demonstrates solid GAAP knowledge, and is proficient with accounting software and Excel. Work location is on-site at St. Marys, PA.

Qualifications

• Bachelor degree in business administration with accounting concentration.
• Knowledge of GAAP, especially in fixed assets.
• Knowledge of accounting software and strong Excel proficiency.

Responsibilities

• Fixed Asset Accounting: manage and oversee fixed assets accounting and reporting.
• Fixed Asset Tracking: maintain accurate records of all fixed assets.
• Depreciation calculation: compute depreciation aligned with company policy.
• Asset capitalization and disposals: record capitalized assets and disposals with gains/losses.
• Tax compliance: assist in asset-related tax filings preparation.
• CIP tracking: monitor costs for CIP projects and capitalization timing.
• Month-end close: post monthly journals and analyze account balances.
• Budgeting & forecasting: assist in annual budget preparation.
• Tax preparation support: help with NC property valuation for tax purposes.
• Project tracking: manage tooling project accounting (X-Projects).
• Physical inventory: coordinate physical inventories of materials and goods.
• Reporting: prepare daily/weekly reports.

Skills

GAAP knowledge

Fixed assets knowledge

Budgeting & forecasting

Education

Bachelor's degree in business administration (accounting)

Tools

MS Excel

Accounting software

Job description

Keystone Powdered Metal Company, a Sumitomo Electric Group company, is looking for a full-time Staff Accountant who will be working in our St. Marys, PA location.u00A0u00A0This person will report to the Accounting Manager.u00A0

Job Duties and Responsibilities

• Fixed Asset Accounting: manage and oversee the accounting of fixed assets, ensuring accurate tracking, reporting, and compliance with accounting standards.
• Fixed Asset Tracking and Record-Keeping: Maintain accurate records of all fixed assets.
• Depreciation calculation: calculate and record depreciation for fixed assets that are in line with accounting standards and company policies.
• Asset Capitalization and Disposals: Ensure proper capitalization of new assets and follow accounting policies regarding capitalizing versus expensing. Record asset disposals, sales, and write-offs, ensuring appropriate gain or loss recognition.
• Tax Compliance: Prepare asset register to assist in preparation of tax filings
• CIP: tracking and managing the costs associated with CIP projects, maintaining accurate recording of expenditures, capitalizing costs when projects are completed and confirming costs are properly classified. u00A0
• Month-End Close: calculate and post monthly recurring and miscellaneous journal entries. Update and analyze account analyses to ensure accuracy and consistency.u00A0
• Budgeting & Forecasting: Assist in the preparation of the annual budget.
• Tax Preparation Support: Assist in annual preparation of NC property valuation used in assessing property tax due.
• Project Tracking: Maintain the accounting for tooling projects (X-Projects). This includes the recognition and deferral of tooling sales and expenses.
• Physical Inventory: Assist in the planning, organizing and carrying out physical inventories of raw material, work in process, finished goods and selected supplies for all locations.
• Reporting: Prepare and analyze daily and weekly reports as assigned.

Qualifications

• Bachelor degree in business administration, preferably with a concentration in accounting.
• Knowledge of GAAP, especially in fixed assets.
• Knowledge of Accounting Software and skilled in MS Office Suite, particularly Excel.

Compensation may vary depending on a number of factors, including a candidateu2019s experience, qualifications, skills, competencies and location. Base pay is one part of the total compensation and benefits package that is provided to compensate and recognize employees for their work.u00A0u00A0u00A0

About Our Companyu00A0

Keystone Powdered Metal Company a world leader in the Powdered Metal Industry has an opening for a Staff Accountant at its St. Marys, PA location. Since 1927 Keystone has pioneered many advancements in technology and products in the PM industry. Today Keystone is part of Sumitomo Electricu2019s Industrial Materials segment which has thirteen P/M companies located in nine different countries around the world. Keystone operates plants in St. Marys and Lewis Run, Pennsylvania, and Cherryville, North Carolina.

About Sumitomo Electric Groupu00A0

Sumitomo Electric Industries, Ltd. is a recognized global technology leader with over 280,000 employees working at around 400 group companies in 40 countries. Building on more than 120 years of innovation, today Sumitomo Electric is engaged in diversified business activities that support peopleu2019s daily lives and industries in five business segments: automotive, infocommunications, electronics, environment & energy, and industrial materials. To learn more about Sumitomo Electric, please visitu00A0https://sumitomoelectric.comu00A0and ouru00A0YouTube Channel (https://www.youtube.com/user/SumitomoElectric/). Follow us on LinkedIn (https://www.linkedin.com/company/sumitomo-electric).u00A0

Our company is an Equal Opportunity employer and will consider all qualified applicants for employment without regard to race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, national origin, disability, age, genetics, protected veteran status, or any other characteristic protected by law.u00A0