Accounting Manager

Marotta Controls - Parsippany-Troy Hills, NJ

Full-time - Mid Level

Parsippany-Troy Hills, NJ

Computer and Electronic Product Manufacturing

About the position

The Accounting Manager at Marotta Controls, Inc. is responsible for ensuring that all accounting transactions are processed accurately and in accordance with Generally Accepted Accounting Principles (GAAP) on a timely basis. This role involves a comprehensive review of weekly sales, inventory, and purchasing activities to ensure their accuracy. The Accounting Manager will also be tasked with resolving any discrepancies related to inventory transactions, aging work orders, and program costing. A critical aspect of this position is overseeing the month-end close process for cost accounting, inventory control, and various reconciliations as assigned. In addition to these responsibilities, the Accounting Manager will lead the external audit review, particularly focusing on physical inventory counts, price testing of inventory costs, and program revenue calculations. The role also includes providing support for the preparation of the annual operating budget and ongoing monitoring of inventory levels, ensuring the accuracy of slow-moving and obsolete inventory reserves. Establishing and executing an efficient process for reporting program revenue on a percentage completion basis, along with adequate internal controls, is essential. Collaboration is key in this role, as the Accounting Manager will partner with Program Finance to ensure accurate calculation and reporting of program gross margin based on updated Estimate at Completion (EAC) calculations. Summarizing and evaluating data to determine costs associated with raw material purchases, inventory, and labor is also a significant part of the job. The Accounting Manager will work closely with Finance staff, Business Unit leaders, and cross-functional process owners to ensure that Contracts, Projects, Purchase Orders, Labor Reporting, Work Orders, Inventory records, Sales Orders, Invoices, and other ERP systems accurately transact, record, and report costs and revenue recognition. Additionally, the role includes performing Time Reporting compliance audits and account reconciliations as assigned by the Controller, along with providing accounting and financial support to management as needed. The Accounting Manager is expected to be a positive contributor to the team, supporting and executing projects as necessary, including fulfilling all audit requirements.

Responsibilities

• Assure all accounting transactions are accurately processed in accordance with GAAP on a timely basis.
• Review the weekly sales, inventory, and purchasing activity to ensure accuracy.
• Review and resolve incorrect inventory transactions, aging work orders, and program costing discrepancies.
• Responsible for the month-end close process for cost accounting, inventory control, and various other reconciliations as assigned.
• Lead the external audit review as it pertains to physical inventory counts, price testing of inventory costs, and program revenue calculation.
• Provide support for the preparation of the annual operating budget.
• Ongoing monitoring of inventory levels and accuracy of slow-moving and obsolete inventory reserves.
• Establish and execute an efficient and accurate process for reporting of program revenue and cost with adequate internal controls.
• Partner with Program Finance to ensure accurate calculation and reporting of program gross margin based on updated EAC Calculations.
• Summarize and evaluate data to determine costs of raw material purchases, inventory, and labor.
• Collaborate with Finance staff, Business Unit leaders, and cross-functional process owners to ensure accurate transaction and reporting of costs and revenue recognition.
• Perform Time Reporting compliance audits as required.
• Perform account reconciliations at the frequency assigned by Controller.
• Provide accounting and financial support to management as needed.
• Support and execute projects as needed, including supporting all audit requirements.

Requirements

• Bachelor's degree in accounting required.
• Minimum 10 years of accounting experience with at least 3 years' experience in a manufacturing environment.
• Previous experience with inventory accounting transactions.
• Work authorization: US Citizen (Required).