Cash Accounting Manager

Advance Auto Parts - Raleigh, NC

Full-time - Mid Level

Raleigh, NC

251-500 employees

Motor Vehicle and Parts Dealers

About the position

Advance Auto Parts is seeking an experienced Accounting Manager specializing in cash accounting functions to oversee onshore and offshore teams. The ideal candidate will have a strong background in cash management, accounting, and analysis of cash-related transactions as well as reporting and team leadership. In this role, you will play a crucial part in managing the accounting and analysis of cash transactions while ensuring accurate financial records. You will supervise the cash accounting function, implementing and monitoring internal controls to safeguard against errors and fraud. This position requires a proactive approach to overseeing the daily and periodic accounting cash reconciliation processes for disbursement, corporate, and store accounts. As an Accounting Manager, you will assist in coordinating the periodic, quarter, and year-end close activities related to cash. You will review and approve journal entries, prepare account analysis, and generate period close exception reports. Additionally, you will assist with external and internal audit requests and liaise with Store General Managers on cash variances and other cash-related adjustments. Your role will also involve reviewing periodic account reconciliations and closely monitoring items categorized as class Rs. You will lead continuous improvement initiatives aimed at streamlining cash accounting processes and enhancing financial controls. Collaboration with cross-functional teams, including Finance, Operations, IT, and Executive Leadership, will be essential. You will also assist with ad hoc projects as needed and supervise a team of 2-3 accounting professionals, fostering their development and performance.

Responsibilities

• Supervise the onshore and offshore cash accounting function.
• Implement and monitor internal controls to safeguard against errors and fraud.
• Oversee the daily & periodic accounting cash reconciliation process for disbursement, corporate, and store accounts.
• Assist in coordinating the periodic/quarter/year-end close activities related to cash.
• Review and approve journal entries, prepare account analysis and period close exception reports.
• Assist with external/internal audit requests.
• Liaise with Store GMs on cash variances and other cash related adjustments.
• Review periodic account reconciliations, along with detailed review and monitoring of items categorized as class Rs.
• Lead continuous improvement initiatives to streamline cash accounting processes and enhance financial controls.
• Collaborate with cross-functional teams including Finance, Operations, IT, and Executive Leadership.
• Assist with ad hoc projects, as needed.
• Supervise 2-3 Accounting team members.

Requirements

• Bachelor's degree in Accounting, Finance, or related field.
• CPA certification is a plus.
• Minimum of 5 years of experience in accounting with a focus on cash management.
• Minimum 2+ years leading and developing a high performing team.
• Experience working in a multinational publicly traded company with offshore operations preferred.
• Strong knowledge of GAAP accounting principles, financial reporting, and cash flow analysis.
• Proficiency in using Oracle or similar ERP software and MS Excel for financial analysis and reporting.
• Excellent analytical skills and attention to detail.
• A passion for process improvement in order to reduce manual processes and gain efficiency along with enhanced controls.
• Strong communication and interpersonal skills; comfortable collaborating and working with cross-functional teams.
• Ability to prioritize tasks, meet deadlines, and work in a fast-paced environment.
• Experience in leading and developing accounting staff.